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Bidpath and eBreviate to Provide
Faster Internet-Powered Asset Disposition Services
Alliance Brings Multimedia and Online Auction Technology Together
for the First Time
SEATTLE and WALNUT CREEK, California (July 5, 2001) Bidpath
Corporation, a provider of marketing and technology services to
the asset disposition auction industry, and eBreviate, an EDS company
providing eSourcing technologies and services, today announced an
alliance to create a
faster, more efficient way to conduct Internet-powered asset disposition
events.
The alliance targets the rapidly growing business-to-business market
for the disposition of corporate, personal and government assets
by auction. According to a national Gallup survey, the annual total
U.S. size of this market is estimated to exceed $200 billion.
"The Bidpath-eBreviate alliance brings the immediacy of multimedia
and the power of online auctions together for the first time for
companies disposing of excess inventory and other assets,"
said Niul Burton, president of eBreviate. "Together, the companies'
technologies will result in a rapid realization of revenues and
stronger balance sheets."
Complementary Strengths
Bidpath provides auction-based asset disposition technology and
services, including live, online auction capabilities. eBreviate
is one of the industry's largest providers of eSourcing solutions,
including Internet Negotiations, such as reverse auctions and electronic
surveys.
"eBreviate has emerged as a leader in delivering Internet-enabled
strategic sourcing technology and services," said Scott Laster,
Bidpath president and CEO. "Bidpath's auction marketing services
and technology will add a key solution for the corporate procurement
challenge of decommissioning and disposal of surplus corporate assets."
Bidpath Auction Manager technology automates the auction method
of marketing, creating a live, online catalog of inventory images
and data with a direct upload to an exclusive network of
business-to-business exchanges and listing sites. Bidpath Live Auction
hardware and software enables auctioneers to broadcast bid and ask
prices in real time, as well as receive and award online bids, over
the Internet. With Bidpath, registered bidders can participate in
an online auction directly through a common Web browser. No additional
software or Internet plug-ins are required.
eBreviate's Version 4.0 total-cost reverse and forward auction functionality
provides a robust, reliable software solution that has already facilitated
transactions totaling more than $7 billion worth of goods and services
over the Internet. eBreviate's Internet Negotiation technology is
delivered with skilled eSourcing Manager support, or in a new easy-to-use,
do-it yourself package.
"Our alliance with Bidpath is a new and exciting extension
of our Internet Negotiation technologies," said Burton. "Forward
auctions for asset disposition are now taking a major step forward
through the use of multi-media, and eBreviate is pleased to bring
these benefits to our worldwide customers."
About Bidpath Corporation
Founded in 1999, Bidpath Corporation (www.bidpath.com)
is a technology company that helps auctioneers market and manage
auction events. Bidpath is the only company to automate commercial
auctioneers, distribute their merchandise to targeted online buying
communities, and enable them to conduct live auctions on the Internet,
all with one software and hardware system. The company currently
supports auction companies with collective annual gross asset sales
in excess of $750 million. Bidpath is headquartered in Seattle,
Washington.
About eBreviate
eBreviate, an EDS company, combines leading-edge technology with
market-driven content and in-field services to deliver the best
eSourcing solutions to global businesses, governments and net markets.
Located in Walnut Creek, California, with offices in Plano, Texas
and London, England,
eBreviate enables purchasing organizations to become razor sharp
and rigorous in what they buy, from whom they buy and under what
commercial terms. eBreviate's integrated and automated eSourcing
tools take out time, cost, and inefficiency from the procurement
cycle. This automation brings greater productivity and accountability
to purchasing, while optimizing the way buyers and suppliers qualify,
negotiate, and evaluate their business relationships. eBreviate
can be found online
at www.ebreviate.com.
About EDS
EDS, the leading global services company, provides strategy, implementation
and hosting for clients managing the business and technology complexities
of the digital economy. EDS brings together the world's best technologies
to address critical client business imperatives. It helps clients
eliminate boundaries, collaborate in new ways, establish their customers'
trust and continuously seek improvement. EDS, with its management
consulting subsidiary, A.T. Kearney, serves the world's leading
companies and governments in 55 countries. EDS reported revenues
of $19.2 billion in 2000. The company's stock is traded on the New
York Stock Exchange (NYSE: EDS) and the London
Stock Exchange. EDS can be found online at www.eds.com.
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