to Launch B2B E-Sourcing Site

[London, ENGLAND] Integrated financial solutions provider (EIC) is launching
on Monday, October 16, aiming to promote B2B e-sourcing
services to leading businesses in Europe.

While a number of companies in the U.K., Europe and the
U.S. are already using EIC’s corporate solutions, the new
site will make it easier for EIC to reach the intended

On the new Web site there will be financial content and
full details of services such as project management,
technical development, and Web consultancy, design and

Piet van de Velde, chief executive of, said
that focusing on the provision of technology and content to
businesses would give EIC great potential for future growth and
global expansion.

“By licensing our products to several clients, EIC captures
multiple revenue streams and benefits from the economies of
scale whilst delivering state-of-the art services to our
corporate clients,” said van de Velde.

Banks already using the EIC Corporate Solution to
power the Web sites include first-e in the U.K. and Germany,
Citbank in Belgium and Banque et Caisse d’Epargne de l’Etat
in Luxembourg.

Among telecoms companies using EIC are BT Cellnet in the
U.K., Proximus and KPN Orange in Belgium, and Swisscom in

The solution is also used by some major Internet players
such as Wanadoo in Belgium and the Netherlands, and by and in the U.S.

One of the key features of the main site
is the sheer range of its coverage. For example, it provides
very extensive listings for fourteen European stock markets:
London, Frankfurt, Paris, Euro.NM, Amsterdam, Brussels, Helsinki,
Milan, Oslo, Stockholm, Copenhagen, EASDAQ, Madrid and Zurich. aggregates financial news from many sources,
including Reuters, AFX News, PR Newswire, Business Wire,
Company News, PR Line, Barra and Market Guide.

By introducing the new B2B site, expects
that 80 percent of its revenue will be generated from B2B
sourcing contracts by 2002.

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