New B-to-B E-Commerce Marketplace, VendQuest, Revolutionizes Industrial Purchases Enabling Buyers and Suppliers in Construction, Heavy Equipment, Trucking, Vehicle Maintenance and Mining Sectors With a New Way of Doing Business

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 buyer’s and supplier’s 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. We’re pleased that VendQuest is being aggressive about taking advantage of this emerging opportunity, and we’re 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.

VendQuest was founded in April 1999 and initially financed by New Jersey-based Conti Enterprises, a leader in the construction business with experience in launching successful start-up ventures. The company has raised $15MM in less than six months from investors, over 55% of which are in the trucking, construction and heavy equipment industries. VendQuest benefits from Conti Enterprises’ vast experience in owning, selling and maintaining large fleets of trucks and heavy machinery.


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