Just2clicks.com PLC
11 April 2000
Just2clicks.com plc
('J2C' or 'the Company')
Establishment of alliance between Powernet and
Utiliparts.com
J2C (www.just2clicks.com) is totally focused on deriving
transactional revenues from B2B e-commerce worldwide and
is the UK's largest quoted operator of business-to-
business ('B2B') vertical trading communities. These
vertical communities are designed to benefit from the
Internet's ability to allow businesses in the same
industries to communicate and trade with each other on-
line. Following its recent flotation on the Alternative
Investment Market, J2C today announces a further
strategic alliance between Powernet, its electric power
industry vertical trading community, and Utiliparts.com,
a B2B electronic marketplace for equipment and parts for
the utility industry. Entrade Inc., a creator of B2B
electronic marketplaces, has 80% ownership of
Utiliparts.com.
The collaboration between Powernet and Utiliparts.com
will create a resource for over 30,000 items of power
industry equipment. The Powernet/Utiliparts service
provides a full menu of asset recovery, inventory
management and procurement, with a special focus on
liquidated assets and second hand equipment.
There is a large surplus of unused parts and equipment
held by utilities around the world, as a result of the
deregulation of the electric power markets. It is
therefore very important for buyers and sellers in the
industry to be able to access quickly the information
they need and to be able to take advantage of an
efficient and liquid procurement process. J2C believes
that the alignment of Powernet with Utiliparts will
create an online marketplace with even greater critical
mass and liquidity and that the potential transaction
commissions of the two combined should exceed the
commissions that might have been derived if they had
remained separate.
This marketplace differs from the recently announced Gas
Turbine component marketplace being developed by Powernet
and Wood Group Light Industrial Turbines, which focuses
entirely on the global marketplace for the provision of
new components for gas turbines.
Karl Watkin, Chief Executive of J2C, said:
'Putting the Utiliparts marketplace on-line is fulfilling
a commitment we made at the time of our flotation. In
one fell swoop, we are creating a powerful combination of
content and liquidity that should serve the electric
power market effectively, leading to enhanced trading
commissions.'
11 April 2000
ENQUIRIES:
Just2clicks.com plc Tel: + 44 7808 690069
Karl Watkin, Chief Executive E-mail: [email protected]
College Hill Tel: + 44 207 457 2020
Nicola Weiner E-mail: [email protected]
Archie Berens E-mail: [email protected]
NOTES FOR EDITORS:
About Utiliparts.com
Utiliparts.com is an electronic marketplace providing
comprehensive asset recovery and inventory management
solutions to the utility and electric generation
industry. Entrade Inc. (NYSE: ETA) owns 80% of
Utiliparts.com.
About Entrade Inc.
Entrade Inc. is a creator of B2B e-commerce marketplaces.
Working with leaders in target industries, Entrade Inc.
provides web-enabled e-commerce technology, business
infrastructure, management talent, and its competency in
asset management and fulfillment to launch e-commerce
marketplaces. The Entrade technology is designed to
enable online transactions, auctions, e-procurement,
inventory management, and asset management and recovery.
To date, Entrade Inc. has invested in seven electronic
marketplaces, with an eighth pending shareholder
approval. All of the Entrade marketplaces are powered by
the Entrade technology. Most recently Entrade Inc.
announced the launch of AssetControl.com, a joint venture
with Textron Financial, ATM Services and Safeguard
Scientifics to create an e-commerce marketplace for the
resale of surplus assets, including industrial equipment,
excess inventory and commercial real estate. Entrade
also recently launched TruckCenter.com, a joint venture
with The Associates First Capital targeting the $50
billion truck industry. Entrade Inc. also owns 25% of
TradeTextile.com, an e-commerce marketplace for the
global textile industry, initially focusing on China.
Entrade Inc. is a majority interest holder in
utiliparts.com and printeralliance.com, and has reached
an agreement subject to shareholder approval to increase
its ownership in privately owned AssetTRADE. Entrade
Inc. is a minority interest holder in pricecontainer.com
and has recently reached an agreement to acquire a 15%
interest in ATMcenter.com, subject to shareholder
approval. Nationwide Auction Systems, a land-based
public auction company, is a 100% owned subsidiary of
Entrade Inc. Entrade Inc. intends for Nationwide Auction
Systems to provide land-based asset disposition services
for the Entrade e-commerce marketplaces. Entrade Inc.
plans to 'e-enable' Nationwide Auction Systems during the
second quarter.