Business Wire
(Copyright (c) 2001, Business Wire)
NEW YORK--(Business Wire)--May 1, 2001

PartMiner(R) Inc., a provider of content, technology and procurement services to the global electronic components industry today announced the opening of its latest sales office in Stockholm, Sweden to support its customer base of large electronic OEM's (Original Equipment Manufacturers) and EMS's (Equipment Manufacturing Services) in the Nordic region.

The Sweden office, based in Stockholm, is the sixth European sales office opened by PartMiner to meet customer demand for its market making services for electronic components and promote the use of the Free Trade Zone. Other PartMiner offices in Europe include Copenhagen, Helsinki, Stuttgart, Tel Aviv and the United Kingdom.

The Stockholm office will be led by Dan Soderstrom, Sales Manager, formerly of PartMiner's Copenhagen office, reporting to Hans-Henrik Hybholt, Managing Director, Denmark.

"Sweden is the biggest Nordic market for electronic components and has always been an important customer base for PartMiner. We expect by supporting our customers locally we will better understand their daily needs, offer faster resolution to their component supply problems, and expand our business even more," said PartMiner's Hans-Henrik Hybholt.

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.

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.