MFG.com eMarketplace Hosts over $40 Million in RFQ Business in First Year

Atlanta, Ga., -March 9, 2001- Inc. (www.MFG.com) announced today that MFG.com has surpassed expectations for first year growth and web-based eProcurement transactions. Launched on February 14, 2000, MFG.com was the first web-based service designed to connect job shops with companies purchasing custom manufacturing services or made-to-order parts.

During the first year of business, MFG.com has hosted over $40 Million in RFQ opportunities provided by its membership base of over 1000 buyers. Unlike other web sites, which primarily offer or bid for industrial hard goods, MFG.com focuses on providing Request for Quotations (RFQs) for manufacturing services such as precision CNC machining, sheet metal fabrication and rapid prototyping. During the course of the year, MFG.com has introduced advanced proprietary technology including its Collaborative Procurement Management (CPM) system and Non-disclosure Agreement (NDA) features. The company's strategic partnership with Thomas Regional and other private label relationships formed in the past 6 months are now delivering impact through exponential membership expansion and transactional growth.

The company also branched out to develop private corporate implementations of their exclusive eProcurement system. "The MFG.com eMarketplace has reached global proportions and our cash positive position is a great milestone and a tribute to our business model," states Mitch Free, president and CEO of Inc. "We have carved a dominant web presence in the past year, and forged strategic partners to make MFG.com THE marketplace where job shops can go to bid on RFQ business opportunities, and take advantage of unparalleled web-based automation tools.

Our buyer members win big too. Over the past year, buyers of custom-made parts saved from 10% to 56% on their posted jobs. "Statistically, the MFG.com Marketplace shows strong numbers in several areas. Our Buyer membership continues to grow steadily with a record breaking 214 new buyers joining MFG.com in February 2001. We connect our buyers with sellers of more than 100 manufacturing disciplines. Every manufacturing category has received at least one RFQ, and the most active disciplines are general machining, precision CNC machining, sheet metal fabrication, casting, stamping, rubber parts and moldmaking. Typically, our Supplier members will find over 100 open RFQs available for bidding on any given day. Quote turnaround is also very fast. Buyers are getting their first quote within the first day of their posting, and receive an average of 6 quotes per RFQ. Our top buyers have posted between 35 and 62 RFQs. Our most active suppliers have posted more than 100 bids for new business," concluded Free.

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