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Boat Shows Headlines
1/31/2001
Marex To Demonstrate Its E-Commerce Products At The International Boatbuilders' Exhibition And Conference
Leading Marine Industry Event Expected To Draw Audience Of 12,000 --
MIAMI, Jan. 31 /PRNewswire/ -- Marex.com, Inc. (Nasdaq: MRXX), the marine
industry's leading business-to-business (B2B) e-commerce company, announced
today that it will have a significant presence at the Tenth Annual
International Boatbuilders' Exhibition and Conference (IBEX), scheduled for
February 7-9 at the Greater Ft. Lauderdale/Broward County, Florida Convention
Center. More than 12,000 marine business professionals are expected to attend
what is being billed as "the marine industry's most powerful four-day learning
experience," comprised of 54 seminars, 30 workshops and demonstrations,
32 pre-conference sessions, and access to more than 525 suppliers of the
hottest new products and technologies.
During the conference, Marex will offer three separate venues to introduce
its newly enhanced e-commerce products, MarExpress! and MarexPO!, which
facilitate end-to-end electronic procurement transactions between boat
builders and suppliers. Version 1.0 of Marex's innovative e-commerce tools
were launched in June of 2000, and late last month, the Company rolled out
Version 2.0, which boasts greater functionality, increased speed, and an
improved user interface. Currently, more than 110 suppliers and 38
internationally recognized boat builders have signed long-term contracts to
use Marex's e-commerce solution.
At a pre-conference workshop on Tuesday, February 6, Marex senior
management will discuss the future of e-commerce in the marine industry and
how electronic business-to-business transactions are revolutionizing
procurement and supply chain management. Throughout the conference, the Marex
sales team will be available at booth #1930 to introduce the value
propositions of MarExpress! and MarexPO! to conference attendees, including
purchasing agents, engineers, naval architects, production managers, and high-
level manufacturing executives. Additionally, Marex will be presenting live,
complete demonstrations of MarExpress! and MarexPO! to allow conference
attendees to experience first-hand the end-to-end procurement process linking
boat builders and suppliers. These demonstrations will be held at the Ft.
Lauderdale Marriott Marina, directly across the street from the Convention
Center, at 9:00 a.m., 11:00 a.m., and 3:00 p.m. on February 7-9. The Marex
sales team will also host individual meetings with current and potential Marex
members throughout the duration of the conference.
"IBEX represents an unique opportunity for Marex because it gathers
together our most targeted audience of the year. Almost every person who
walks into the Convention Center can specify equipment and supplies that are
used in building boats," commented Craig Barrie, the Company's vice president
of sales and implementation. "Reaching this extensive audience now is timely
for us, since IBEX is held during what is traditionally the design phase of
the manufacturing process, with full-bore production peaking in March, April
and May in advance of the summer selling season."
MarExpress! provides boat builders and other marine industry buyers with a
comprehensive e-procurement capability that enables them to buy new parts,
supplies, components, and equipment through a transaction-based system.
Buyers can research product information from the industry's best suppliers,
conduct e-procurement to support business workflows, track orders, and
complete product returns through a single, automated, online hub. MarexPO! is
a comprehensive e-commerce capability for marine industry suppliers and
distributors that provides world-wide exposure and enables them to sell new
parts, supplies, components and equipment to marine businesses through a
transaction-based system.
About Marex
Marex, headquartered in Miami, Florida, is the largest business-to-
business (B2B) e-commerce company serving the marine industry. Marex has
developed a proprietary set of procurement solutions that together address the
entire marine industry purchasing lifecycle, from planning through procurement
to liquidation. For more information, visit www.marex.com.
Forward-Looking Statements
This release contains forward-looking statements, which are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from the forward-looking
statements. Those risks include, but are not limited to, Marex's ability to
manage growth, acceptance of the Internet as a means for commerce, market
demand for e-commerce, Marex's ability to implement the boat builders and
suppliers under contract, Marex's ability to sign additional boat builders and
suppliers, and Marex's ability to recruit and retain qualified management and
employees, as well as other Risk Factors set forth in Marex's Form 10-K on
file with the SEC at http://www.sec.gov, or otherwise stated herein. All
forward-looking statements should be considered in light of these risks and
uncertainties.
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