Some of you might be interested in this. Regards, Patrick ---- FOR IMMEDIATE RELEASE CONTACT: North America John Beasley or Jay Hall (404) 875.9412 beas@chemconnect.com jhall@chemconnect.com Europe Patrick van der Valk +351.1.456.80.49 valk@chemconnect.com http://www.chemconnect.com/ CHEMCONNECT EXPANDS INTERNET SERVICE WITH ACQUISITION Atlanta, Georgia - November 11, 1997 - ChemConnect, Inc. today announced the acquisition of Betacyte of Parede, Portugal. ChemConnect expects the acquisition to increase the use of its Chemical Trading Exchange which is currently providing information on an estimated $320 million in potential chemical sales per month. "We're very pleased to announce the acquisition of Betacyte", said ChemConnect President John F. Beasley. "Patrick van der Valk, the founder of Betacyte, will join ChemConnect as Executive Vice President and will head up our European presence. Patrick brings a wealth of talent to ChemConnect with his background in synthetic chemistry, his proven skill as a website designer and his extensive knowledge of the on-line chemical community. This acquisition will allow us to better serve our European customers and create more opportunities for chemical companies to profit from the Internet." "The acquisition will also provide more resources to educate the industry on the value of the Net and build the use of the Chemical Trading Exchange", said Beasley. "The chemical industry has been slow to adopt the technology of the Internet, however we have seen increased growth in the past quarter. In September alone we processed approximately 700,000 metric tons of chemicals in Requests for Quotes on our Chemicals Wanted Exchange which was an increase of 140% over March, just six months earlier." Headquartered in Atlanta, Georgia, ChemConnect is a leading provider of commercial chemical trading information via the Internet. Founded in 1995, ChemConnect was the first company of its kind offering on-line chemical supplier and trading information. With more than 1,500 members of the Chemical Trading Exchange from 74 countries, ChemConnect expects to provide trading information on over $2 billion in chemical products on its Chemicals Wanted, Chemicals For Sale and Surplus Chemicals Trading Exchanges in 1997. ChemConnect can be found on the Internet at <http://www.chemconnect.com/>. Contacts: John Beasley Patrick van der Valk ChemConnect, Inc. ChemConnect Europe Atlanta, Georgia, USA Parede, Portugal Tel: (404) 875-9412 Tel: +351-1-456.80.49 Fax: (404) 875-9413 Fax: +351-1-458.07.91 beas@chemconnect.com valk@chemconnect.com ### ChemConnect Definitions CHEMICAL TRADING EXCHANGE - the Chemical Trading Exchange is a series of web pages on the ChemConnect website where commercial chemical buyers and sellers may post messages related to buying or selling chemical products. Each message contains the contact information of the buyer or seller allowing interested parties to contact them directly. The Chemical Trading Exchange is divided into three distinct categories: Chemicals Wanted, Chemicals For Sale and Surplus Chemicals For Sale. Members of the Chemical Trading Exchange receive e-mail notification of new messages posted to the Trading Exchange. Membership is currently free. REQUEST FOR QUOTE - a Request for Quote is a message posted on the Chemicals Wanted Exchange from a chemical buyer who is sourcing for suppliers of a specific chemical and is requesting quotations from potential suppliers. Each message contains information such as the chemical needed, the shipment and annual quantities needed, the shipping destination, the application for the chemical, the desired payment terms, etc. Suppliers that can provide the product may submit their offers to the buyer directly via e-mail, fax or phone. CHEMCONNECT REVENUE - ChemConnect generates revenue through the sale of specialized advertising on its website. Chemical manufacturers, distributors and traders may advertise in the following ways: 1) listing their company in the Suppliers Directory under the chemical products which they sell 2) placing a classified advertisement in the e-mail publication 'Chemical Trading News' 3) placing a banner advertisement on the ChemConnect website which appears on the most popular pages of the website and includes a hyper link to their website. --END ALL-- chemweb: A list for Chemical Applications of the Internet. To post to list: mailto:chemweb@ic.ac.uk Archived as: http://www.lists.ic.ac.uk/hypermail/chemweb/ To (un)subscribe, mailto:majordomo@ic.ac.uk the following message; (un)subscribe chemweb List coordinator, Henry Rzepa (mailto:rzepa@ic.ac.uk)