Business Wire
(Copyright (c) 2001, Business Wire)
NEW YORK--(BUSINESS WIRE)--Jan. 25, 2001

Barry Coffey Joins B2B Electronic Components Marketplace and Services Provider To Build HR Capabilities to Sustain Rapid Growth

PartMiner(R), Inc., an online provider of content, technology and procurement service to the electronic components industry, today announced its hiring of Barry Coffey as senior vice president and chief personnel officer to oversee the management and performance of its over 525 employees worldwide.

Mr. Coffey, until recently, was a founder and managing partner of QED Consulting, an international management consulting firm specializing in strategy, human resources and process design to Fortune 500 companies as well as internet and technology start-ups. Previously, he served at Sony Corporation as senior vice president of business reengineering and human resources responsible for leading operational and balance sheet improvements along with implementing cultural change. At PartMiner, Mr. Coffey will report directly to Dan Nissanoff, CEO.

"PartMiner has an outstanding business model and operates in a very exciting market," said Barry Coffey, "We have excellent people, products and services and will focus on remaining nimble and opportunistic while managing a larger more complex company."

In addition, Mr. Coffey has held many human resource positions with RJR Nabisco and Consolidated Edison of New York and taught at several universities. He has also presented at leading business forums, authored several papers and served on the Boards of technology companies.

"Barry has joined our company at a very critical stage of PartMiner's growth," said Dan Nissanoff, CEO of PartMiner, "We are fortunate to have his knowledge and expertise in positioning organizational goals and objectives with the company's most valuable resources, its employees."

Last week, PartMiner announced the appointment of Linda Goodspeed from General Electric Company as the company's new president.

About PartMiner

PartMiner, Inc. provides marketplace technology and procurement services to the global electronic components industry. The company's online marketplace, the Electronic Commerce Free Trade Zone(TM), located at www.freetradezone.com, allows individual buyers and sellers to communicate and interact more effectively. Currently, over one hundred thousand users have registered to research and source electronic components online with PartMiner's existing procurement software. The company's investors include Agile Software, Boston Ventures, Cahners Business Information, Celestica Inc., Dell Computer Corporation, Generation Capital Partners, Goldman Sachs, IHS Group, Impact Venture Partners, Integral Capital Partners, Onex Ventures, Seacoast Capital and Vulcan Securities Limited. PartMiner is headquartered in New York City at 432 Park Avenue South, 12 Floor, with offices in Asia, Europe, North America and the Middle East. Additional information about PartMiner and the company's collaborative sourcing and design (CSD) management solutions, PartMiner CSD, and excess service, the Excess Trade Zone, are available at www.partminer.com and www.excesstradezone.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 business model. Except for any 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.