(PRWEB) November 15, 2000
DeRemate, the leading personal trading community in Latin America, announced the acquisition of an equity stake in 50xciento.com, a fixed-price trading marketplace. This strategic acquisition expands considerably the company’s business platform, enabling DeRemate to offer its over 1.3 million users an additional possibility to buy and sell products at a fixed price.
50xciento.com offers an efficient and user-friendly marketplace where buyers and sellers trade new or used music articles and books at a 50% discount. The company initiated operations in July 2000 and since then, has shown strong and steady growth rates, presently offering over 40,000 items for sale.
As Alec Oxenford, DeRemate CEO, explained, “this acquisition provides an additional format to the largest Latin-American e-commerce platform that will increase the number of products for sale and will attract a new set of buyers and sellers to our existing base, allowing to an even more fierce consolidation of DeRemate´s leadership in the market”.
“We share a common goal with DeRemate: to provide our users with an easy to use and secure channel for them trade their products on-line”, asserted Lucas Rousseaux, 50xciento.com’s CEO. “This agreement enables us to join strengths thus to increase the trading options available on the Internet in the region.”
About 50xciento.com
50xciento.com (http://www.50xciento.com), founded in Buenos Aires in April 2000, is the only site offering users an online marketplace to buy and sell new or used products in good conditions at a minimum 50% discount. Currently, 50xciento.com offers users the opportunity to buy and sell music articles and books. Shortly, they will be able to trade DVDs and video games.
About DeRemate
DeRemate, (http://www.deremate.com) and (http://www.arremate.com) in Brazil, is the largest and most popular trading community on the Internet in Latin America, which allows its users to sell and buy products and services through its technological interactive platform. DeRemate was founded in August 1999, has a staff composed of 200 professionals and presently operates in 9 countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, Uruguay, United States y Venezuela.
So far DeRemate has received financing for US$ 60 million from strategic and financial investors, including Citigroup Venture Capital, Merrill Lynch, e-Quest, Texas Pacific Group, SLI Investments and Terra Networks. DeRemate is the exclusive channel of online auctions of Terra Networks and T1MSN (Microsoft and Telmex), among others.
DeRemate has more than 1.3 million registered users and is the only site in its category in the region that audits and publishes audit results. According to the activity report prepared by I/PRO on September of the current year, DeRemate.com registered 4.8 million visitors and registered 25.8 million requested pages. More than 275,000 transactions have taken place in DeRemate producing gross merchandise sales in excess of US$ 50 million.
Contacts:
DEREMATE.COM ACQUIRES AN EQUITY STAKE IN 50XCIENTO.COM
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