Website To Focus On Basic Chemicals Industry

 first Internet chemical marketplace to provide a neutral market where buyers and sellers of
all sizes can conduct both large and small transactions.Covalex. com empowers buyers with pricing
and product information that helps them make smarter purchasing decisions, said Bob Steel, chairman
and CEO. The site exposes suppliers to new customers and reduces the costs and time associated with
completing a transaction all directly impacting the bottom line.The sites supply-chain management
offering will help companies to better manage costs and inventories by streamlining the evaluation,
purchase, tracking, distribution and procurement processes. Accurate, real-time global, national
and regional market information will also be available through Covalex.coms information
bureau.Conducting business on the Web will be a necessity for those who want to remain competitive
in their industries, said Steel. helps companies realize cost savings and operating
efficiencies today. Long term, it will help ease industry issues like price volatility and
imbalances in supply and demand.

August 2000