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 2000
Articles
Alliance
Financing Expands Its Global e-Finance
Offering Through Strategic Partnership
with GSNet
TORONTO,
Ontario - Canada, September 29, 2000
- Bernard Shimkovitz, CEO of Alliance
Financing Group Inc. (AFG), an established
provider of e-financing for small and
medium sized businesses, announced today
a strategic partnership with Global Sourcing
Network Inc. (GSNet), with AFG providing
financing for buyers of heavy equipment
and machinery from GSNet's member dealers.
GSNet,
a Trader.com company, attracts approximately
100,000 people per month to gsnet.com
to search its online inventory of heavy
equipment and trucks and has facilitated
sales in excess of US$500 million since
the company's inception in 1995.
"GSNet
has an impressive reach," says Mr. Shimkovitz.
"This agreement allows us to target a
larger section of the business-to-business
market, and to be first to mind when potential
clients consider their financing and leasing
options."
GSNet's
customers will have the opportunity to
access AFG's proprietary financing products
and services from within GSNet's website,
as part of AFG's private-label leasing
and financing program. When customers
use the financing page of GSNet's website,
they will be linked seamlessly to AFG's
secure webserver.
Users
will be able to obtain real-time online
quotes, submit secure credit applications,
and obtain credit approvals. AFG then
facilitates all aspects of the financing
transaction from beginning to end, and
keeps GSNet informed of the application
status.
Gregg
Oldring, General Manager of GSNet, commented,
"Our goal in establishing this relationship
with AFG is to add to our existing array
of e-commerce resources already available
to GSNet sellers and buyers. GSNet's buyers
will now have the additional option to
apply for financing without ever leaving
our website. This brings a new immediacy
to the purchase and lease process, making
our service offering significantly stronger."
The
President of Trader.com North America,
Carole Salomon, went on to say, "The Partnership
with Alliance complements our numerous
heavy equipment publications very well
by delivering the services our print readership
enjoy to our online communities."
About
GSNet:
GSNet, a Trader.com company, attracts
more than 100,000 potential buyers a month
to search one of the largest inventories
of heavy equipment and trucks on the Internet.
Founded in 1995, GSNet is an Internet
pioneer in building business-to-business
(B2B) sites, facilitating more than US$500
million in sales since its inception.
Since Trader.com's acquisition of GSNet
in 1998, the site has attracted buyers
from more than 100 countries. For additional
information about GSNet's products and
services, please visit www.gsnet.com.
About
Canada Trader.com:
CanadaTrader.com, a Trader.com (Nasdaq:
TRDR) company, is one of Canada's leading
online and offline marketplaces connecting
buyers and sellers of vehicles, boats,
RVs, motorcycles, heavy equipment, real
estate and computers.
With
offices across the country, CanadaTrader.com
owns more than 90 print publications coast
to coast, including Hebdo.net, AutoTraders,
the Vancouver Buy & Sell and The Computer
Paper. The company's online Canadian marketplaces
include canadatrader.com,
hebdo.net,
canadacomputes.com
and chariots.com.
The international portal is trader.com.
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Trader.com
- "The International Marketplace
Around the Corner"
www.trader.com
- 285
Publications in 18 Countries
as of July 2000
- More
than 7 million readers per
week
- 8
million unique advertisements
for the first seven months
of 2000
- 64
Web Sites with 90 million
pages views per month as of
July 2000
- +4,000
employees, of which 1,500
are sales people
- Listed
on the NASDAQ (TRDR) and Premier
Marché (First Market of the
Paris Stock Exchange - SICOVAM
code 5729 and Reuters code:
TRD) since March 31, 2000
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For more information regarding Trader.com,
contact:
About
Alliance Financing Group Inc.
Alliance
Financing Group Inc.'s core business is
arranging lease-based financing for small-
and medium-sized organizations that require
capital for machinery and equipment. AFG
is building its position as a leader in
the asset-based finance business in Canada
and the US by expanding into the business-to-business
e-finance market. AFG is a one-stop financing
shop, delivering comprehensive online
business financing fulfilment solutions.
For more information, please visit www.yourfinancesource.com.
For
further information regarding AFG, please
contact:
Bernard
Shimkovitz
Chief Executive Officer
Alliance Financing Group Inc.
Tel: 905-660-3660 x225,
877-660-3660
Fax: 905-660-3078
bernie@alliancefinancing.com
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W.
Daniel Mothersill
Managing Partner
Ciris International Inc.
Tel: 416-368-8770
Fax: 416-368-5122
danm@cirisint.com
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The Canadian Dealing Network has not approved
or rejected the contents of this press
release.
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