SINGAPORE, 6 July 2000 – SynergizeAsia.com Pte. Ltd., a Singaporean Internet start-up bent on capturing the B2B vertical industries market, launched the first of its planned network of vertical trading hubs on Tuesday 4 July 2000 in a launch party held at Fat Frog Cafe.
Called myScissors.com, the B2B hub aims to be the premier Internet site for businesses in the arts, film, music and publication industries to buy, sell and trade products and services utilizing an open online marketplace and auction format.
In addition, myScissors.com provides e-business consultation and solutions for these industries.
Haizat Latiff, CEO of SynergizeAsia.com, said that myScissors.com aims to reap in sales of S$6 million in 2001 through a combination of B2B e-commerce, e-business services and advertising.
Dr Richard Tan, chairman of SynergizeAsia.com, said," Online trading can reduce business costs for the businesses in these industries. myScissors.com has tremendous potential because it can help businesses in these industries buy, sell, trade and establish partners worldwide."
So far, myScissors.com has established trading partners in countries such as United States, Thailand, India, Australia and Malaysia. According to the company, these trading partners are middlemen who have a wide network of businesses trading in these four industries.
myScissors.com plans to expand its presence in Asia, targeting countries such as Malaysia, Thailand,
Hongkong and the Philippines.
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