Business Wire
(Copyright (c) 2000, Business Wire)

NEW YORK--(BUSINESS WIRE)--July 7, 2000--PartMiner, Inc., a provider of business-to-business procurement services to the global electronic components industry, today announced it was named to Forbes.com's first annual "Best of the Web: B2B" guide as one of the "most promising and competitive" online marketplaces in its industry.

The Forbes editorial team selected companies from 25 industries based on their strategy, execution, financial staying power and Web site. PartMiner was cited in the print issue under the Computers & Electronics category as well as on its site: www.forbesbest.com/b2b.

"We're delighted to be recognized as a driving force in business to business e-commerce by Forbes.com," said Dan Nissanoff, CEO of PartMiner. "Our online marketplace, the Free Trade Zone, challenges fee-based models by providing research, purchasing and design services to buyers free of charge."

Rather than charging membership or transaction fees for use of the Free Trade Zone, (www.freetradezone.com), PartMiner's revenues are derived from a market making service, PartMiner Direct(tm), which sources and provides hard-to-find components. The company's approach to online purchasing has garnered significant support, with more than 110,000 unique registered users, including engineers and buyers, using PartMiner technology. Last year, PartMiner had over 5,000 customers in 52 countries.

In a separate study conducted by AMR Research this March, PartMiner was ranked among the top 20 independent trading exchanges across all industries. The only marketplace cited specifically from the electronics component industry, PartMiner's Free Trade Zone was given high marks for its business model and functionality.

About PartMiner

PartMiner, Inc.'s online marketplace, the Electronic Commerce Free Trade Zone(tm), allows buyers and sellers to communicate and interact more effectively within the over $220 billion electronic components industry. Currently, thousands of users, including those at companies like Hewlett-Packard, Motorola and Toshiba, have registered to research and source electronic components online with PartMiner's existing procurement software. PartMiner is headquartered in New York City at 432 Park Avenue South, 12 Floor, NY, NY 10016, with offices in Asia, Europe, North America and the Middle East. Additional information about PartMiner is available at www.partminer.com.

PartMiner is a registered trademark of PartMiner, Inc. Electronic Commerce Free Trade Zone, and Free Trade Zone are trademarks of PartMiner, Inc. There is a patent pending on the Electronic Commerce Free Trade Zone.

Except for the historical information contained herein, the matters discussed in news releases are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.