This week, IngredientsNet.com has been voted "hottest start up company" by Tornado-Insider.com Magazine, Europe's top networking tool for the entrepreneurial and investment community.IngredientsNet.com is the pioneering B2B e-procurement solutions provider, combing in-depth knowledge of the food industry and the very latest developments in technology to provide tailored e-procurement solutions to food industry professionals.

IngredientsNet.com continues to realize its potential and achieve its stringent targets set for the year ahead. With over 450 registered users to date, 40% from US and 60% from Europe, more and more global food companies are using IngredientsNet.com as their single e-procurement solution. In fact, now over one third of the top 100 global food companies are trading online with IngredientsNet.Com.

"IngredientsNet.com's success to date is derived mainly from our private platform solutions" reports Tom Galvin, Chief Executive Officer of IngredientsNet.Com. "With 93% of business currently being transacted through private platforms, we have expanded our product portfolio and will be soon offering a range of open, private or customized solutions to our members to choose from that best suits their trading requirements".

IngredientsNet.Com, recent winner of the Eircom Business Awards 2000, commenced trading in August 2000 and has offices in Ireland, US, Germany and the UK and a growing staff of 27, IngredientsNet.com has ambitious plans for 2001 with continued success on the European and US markets and expansion into Asia. The future is looking "hot" for IngredientsNet.Com.