Beyond Commerce announces a 4th quarter profit of approximately $1 million dollars that includes a one-time gain from the sale of its LocalAdLink proprietary technology platform along with its trademarks for $4 million dollars, the proceeds of which were used to reduce corporate debt.
Beyond Commerce is in the process of repositioning the Company over the next two quarters of 2010. Beyond Commerce has an E-commerce solution division, i-SUPPLY, that provides a complete turnkey E-commerce package. i-SUPPLY will continue to partner with other content Web sites that could benefit from additional sources of revenue, by creating niche stores . These stores will be tailored to fit the content of each partner Web site. The partner Web sites earn commissions from product sales generated from their individual Web stores. i-SUPPLY handles all product merchandising, pricing, credit card transactions, customer service and product returns. This enables individual content Web sites to focus full-time on marketing their sites instead of managing backend procurement and fulfillment logistics.
i-SUPPLY's E-commerce platform offers a unique distribution model, providing thousands of new Internet stores that create opportunities for additional revenue for it's Business-to-Business customers. Additionally, Beyond Commerce licensed it technology and product platform and will start receiving monthly fees from that transaction beginning January, 2010.
E-commerce continues to be a growth sector. Tracking company, eMarketer, reports a 20% yearly growth in E-commerce and projects sales of $153.8 billion in online revenues by 2010.
i-SUPPLY (www.i-supply.com) which allows each individual content Web site access to over two million products and thousands of brand names, including Hewlett-Packard, Sony, Garmin, Canon, Kodak, LG, Phillips, Toshiba and Panasonic. Product categories include Cosmetics, Computers, Electronics, Televisions, GPS, Cameras, Books, DVDs, Health & Wellness Products, and Office Supplies, Pet Products and Garden & Patio items and more. "The breadth and depth of the product mix, coupled with our everyday low pricing strategy is a win-win situation. With i-SUPPLY, Web owners have a great selection of products to offer their customers and users through our niche stores," stated Robert McNulty, Chairman and CEO of Beyond Commerce. i-SUPPLY will be adding additional product categories that will increase its SKU count by approximately 500,000 by the end of the 2nd quarter of 2010.
About Beyond Commerce, Inc.
Beyond Commerce, Inc. provides best in class products, services, and solutions by being the low cost provider in its market sector. i-SUPPLY, www.i-SUPPLY.com, offers easy to use, fully customizable E-commerce services and revenue solutions for any Web site, large or small, and hosts local ads, providing extensive reach for our proprietary advertising partner network platform.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting Beyond Commerce, Inc. operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
SOURCE Beyond Commerce, Inc.