ORBIS ONLINE TO PROVIDE REVERSE AUCTION SERVICES IN STRATEGIC ALLIANCE WITH SAIC
San Antonio, Texas -October 1, 2002 - Orbis Online (Orbis) announced today that it has entered into a strategic alliance with SAIC (Science Applications International Corporation), a high-technology research and engineering company based in San Diego, California. Orbis will provide online reverse auctioning services in association with SAIC for commercial and government clients.
Reverse auctions achieve true market pricing for purchased goods and services by creating a dynamic, competitive bidding environment. Orbis Online's products and services have lowered costs and increased value for both private and public procurement organizations. Customers of Orbis Online have reduced their total costs of acquired goods and services by an average of 22% using the Orbis Online technology platform. Savings are produced both from lower prices due to the dynamic pricing environment, and the automated, standardized approach to procurement that the auction process creates.
Orbis Online can provide either self-service or hosted auctions. Customers
can conduct self-service auctions on a desktop computer, with Orbis
providing technology and support services. In a hosted auction, Orbis
Online conducts the auction for the buyer.
Team Approach is Model for Future
"Orbis' alliance with SAIC provides a valuable capability to SAIC's
customers," said Dr. James Strader, CEO of Orbis Online. "While
many organizations have adopted e-procurement systems for tracking and
record-keeping," he explained, "online reverse auctioning
is the way these organizations will save money on actual purchases.
The ability of sellers to bid competitively in real-time reveals an
accurate market price. In our customers' experience, use of the Orbis
platform has resulted in a 22 percent reduction in costs of goods and
Online Reverse Auctioning Reveals True Market Pricing
Access to the Internet is all that is needed to use Orbis' web-based
reverse auctioning platform. Use of Java, XML, and other platform-independent
technologies allows the full functionality of Orbis' platform to be
"virtually" embedded into any website, anywhere in the world.
With a few lines of code delivered by Orbis, the platform can be quickly
and fully integrated and branded to the look and feel of the website,
while Orbis' servers perform calculations and store data.
About Orbis Online, Inc.
For more information about Orbis Online, Inc., please visit our website at www.OrbisOnline.com, or call (210) 576-7600. Demonstrations of Orbis Online's unique auction platforms are available at the website: www.wsdemo.com or can be facilitated by contacting Orbis Online directly.
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