USA: Foodvision.com launches its highly anticipated B2B site, www.Gate2plate.com
Gate2plate.com provides all the information an independent restaurant operator needs to effectively operate his/her business and allows the restaurateur to buy required goods, from pots and pans to groceries and equipment.
With more than 450,000 independent restaurant operators in North America, Foodvision.com anticipates a significant increase in revenues from the development of Gate2plate.com. Sources of revenue include e-commerce, alliances with major manufacturers, private label e-commerce, private label distribution and contest marketing. Additionally, individual restaurant operators are able to take advantage of volume discounts when they register as a member through the site.
"Foodvision.com anticipates revenues from Gate2plate.com of several million dollars in the very first year of operation," said Raj Kalra, President of Foodvision.com. "This is a very significant launch of a product that will help develop an online community with bulk purchasing power regardless of the size of the restaurant."
According to Bloomberg's June 2000 issue, the food and agricultural industry ranks as twelfth in the B2B e-commerce, with revenue potentials of $22.5 billion in year 2000 and $211.1 billion in year 2004.
The Company's strategy is to first develop traffic, then revenue, and most importantly profits. This will be accomplished by Gate2plate.com going through three development phases over a nine-month period. After this period, the site will provide full e-commerce fulfillment.
Foodvision.com (OTCBB:FVSN), launched in November 1999, is the Internets one-stop food portal where consumers and food professional can satisfy all of their food needs without leaving the site. The site is targeted to the general public interested in all related food topics and food service professionals interested in all food business related issues. Foodvision.com includes hot topics, recipes of the day and week; restaurant reviews, creating interesting menus, restaurant design and financing, cooking schools etc. Foodvision.com, Inc., is a food-specific Internet information provider and Portal Company that integrates traditional business systems in food and beverage operations with leading-edge technologies in Internet systems. The linking of substantial expertise in food establishment operations and state-of-the-art Internet business provides the shareholders and partners of foodvision.com with a solid financial base and the exciting growth potential.
Foodvision.com can be found at http://www.foodvision.com.
The statements contained in this release, which are not historical facts, may be deemed to contain, forward-looking statements, including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actually results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk, uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risk and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement.
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