Yahoo - Actrade Payment Solution Up and Running On ProNetLink.com(TM); T|
Tuesday February 22, 9:03 am Eastern Time
Company Press Release
SOURCE: Actrade International Ltd.
Actrade Payment Solution Up and Running On ProNetLink.com(TM); Today's Launch Facilitates On-Line B2B Transactions
SOMERSET, N.J., Feb. 22 /PRNewswire/ -- Actrade Capital, Inc., a wholly owned subsidiary of Actrade International Ltd. (Nasdaq: ACRT - news) today announced the launch of its patented Trade Acceptance Draft (TAD(TM)) Program on the ProNetLink.com Web site. The TAD Program provides payment terms to qualifying commercial buyers who make purchases on ProNetLink.com. ProNetLink.com, the Global Trade Internetwork(TM) (OTC Bulletin Board: PNLK - news) is a B2B e-commerce portal designed specifically for the international trade community.
Customized pages describing the TAD Program have been built into the ProNetLink.com Web site. The customized pages include enrollment forms that provide interested buyers and suppliers the capability to enroll in the TAD Program online. Once enrolled, qualified buyers and suppliers can use the TAD Program as a payment method to complete large online transactions.
``ProNetLink.com significantly enhances our exposure to the online international trade community, while users of the ProNetLink.com Web site gain another critical tool to conduct their B2B transactions online,' commented Alexander C. Stonkus, President of Actrade Capital, Inc. ``The TAD Program will provide qualified buyers (importers) payment terms, while suppliers (exporters) will receive immediate payment. Suppliers anywhere in the world can participate in the TAD Program. Participating buyers must have a bank account in the U.S. or Canada,' added Mr. Stonkus.
``We are very pleased to offer the trading companies using ProNetLink.com this proven financial functionality as a payment option,' said J.P. Collardeau, President and CEO of ProNetLink.com. ``Actrade represents one of the major steps towards our commitment of offering total on-line solutions to the International Trade Community.'
ProNetLink.com, The Global Trade Internetwork, is a comprehensive B2B e-commerce portal designed specifically for the international trade community. The site features procurement, logistics, finance, insurance, certification, compliance, seminars and other tools critical to businesses looking to expand into the global marketplace, particularly SME's. In addition to locating potential markets and trade partners, ProNetLink.com members may conduct business functions online, participate in live trade event netcasts, communicate in real-time with trading partners and receive the critical information and resources necessary for the continued growth of their businesses. ProNetLink.com currently has member companies from 106 countries.
ProNetLink.com also features PNL-TV; the Internet's first trade news broadcast network.
PNL-TV broadcasts a live newscast Monday through Friday at 11:00AM EST featuring current global trade news, interviews with government and international business leaders and reports from correspondents from around the world. PNL-TV can be accessed through the ProNetLink.com home page or directly by visiting pnltv.com.
Headquartered in New York City, ProNetLink.com maintains sales throughout the world. For more information, please contact ProNetLink.com at 212-688-8838, email: firstname.lastname@example.org. ProNetLink can be reached online at pronetlink.com.
ProNetLink.com is publicly traded on the Nasdaq exchange OTC Bulletin Board: PNLK (PNLK.OB).
About Actrade Capital, Inc.
Actrade Capital, Inc. is a wholly owned subsidiary of Actrade International Ltd. (Nasdaq: ACRT - news). Actrade's flagship product is the TAD Program; an innovative trade finance tool for B2B transactions.
The patented TAD Program is an unsecured payment method that has become a powerful alternative to ``cash' or ``open account' methods typically used in B2B transactions. With flexible cash flow management features, the TAD Program is a comprehensive B2B payment solution. Introduced in 1993, the TAD program has gained acceptance with major multi-national and Fortune 500 U.S. companies.
Headquartered in Somerset, NJ, Actrade Capital, Inc., maintains sales offices in U.S. and Canada through it's subsidiary, Actrade Capital Canada Inc. Parties interested in learning more about Actrade can visit the company's Web site at actrade.com or contact Alex Stonkus at 732-868-3100, ext. 201, email: ACS@actrade.com
SOURCE: Actrade International Ltd.