Murray Hill, NJ, April 11, 2000 VendQuest, Inc., a new "e-dustrial" marketplace for buyers and suppliers in the construction, heavy equipment, trucking, vehicle maintenance and mining sectors launched today. The site, www.vendquest.com, provides efficient and reliable online purchasing services to an industry sector that spends in excess of $100 billion annually in the U.S. on production goods, industrial supplies, office supplies and related products.
"We are bringing e-commerce to a sector of the economy that has not truly begun to enjoy the benefits of information technology and the Internet," said Joseph Weinhoffer, president and CEO of VendQuest. "The products, services and tools available through the VendQuest
e-dustrial marketplace will revolutionize the industrial purchasing process."
The VendQuest site furnishes industrial buyers with an extensive interactive catalog of products and services for each of its target industries. Currently over one million replacement and maintenance parts are available for purchase online. Beyond the huge product selection, VendQuest integrates with the buyers and suppliers back-end legacy systems, thereby facilitating a secure, paperless transaction that significantly reduces errors and record-keeping time and costs.
"The business-to-business e-commerce marketplace is rapidly becoming a reality for many different industries," said Rich Diegnan, president of Atlantic Detroit Diesel Allison. "Those of us in the industrial sector have to be careful not to be left behind. Were pleased that VendQuest is being aggressive about taking advantage of this emerging opportunity, and were eager to be a part of it. VendQuest allows us to provide customers with direct online access to our products and services."
Among the companies whose products are available through distributors on the VendQuest site are: A. C. Delco, Aeroquip Hose and Fittings, Carrier Air Conditioners, E. G. & G Electric Motors, Englehard, Ingersol Rand Air Starters, Kent Moore Specialty Tools, Kim Heaters, Komatsu, Pall Filters, Permatex, Racor Filters, Rotron Electric Motors, Volvo Penta and many others. Powerful online tools and detailed product information enable users to easily search, compare, negotiate, arrange delivery and make payment.