Agribuys, the leading supply chain integrator for the food industry, yesterday announced the opening of its new global headquarters in Torrance, Calif. The new facility, which is almost twice the size of its existing location, was necessary to accommodate the rapid increase in business that the company is experiencing. The company also announced an internal restructuring which increased emphasis on the key areas required to support its forward looking goals. As a result, Agribuys is actively augmenting its management team in the areas of global implementation services, development and training.

"This move enables us to bring together dispersed teams while providing a collaborative environment for our expanding staff," says Marina Kotsianas, Agribuys president and CEO. "Our continued stability and growth in the perishables procurement space are a direct reflection of client confidence in Agribuys' leadership position despite the troubled economic environment."

Agribuys' new office is located at 21250 Hawthorne Blvd., Suite 400, Torrance, CA 90503. Its phone and fax numbers stay the same - Tel: (310) 944-9655 and Fax: (310) 944-9665.

About Agribuys

Agribuys is the premier supply chain integrator for the global food industry.  Agribuys offers Internet-based solutions for demand planning and management, procurement, logistics, receiving and payment. These solutions improve the way organizations carry out transactions, use real-time information to make decisions, and build relationships with their supply chain partners. The Agribuys Online Marketplace provides a global hub that is optimized for the trading of perishable foods. Based in California, with offices in Australia, Asia, Canada, and Europe, Agribuys is rapidly expanding to further broaden its global procurement platform.
The company is backed by Internet Capital Group (NASDAQ: ICGE). Its strategic partners include the WorldWide Retail xchange (WWRE), the premier Internet-based business-to-business (B2B) exchange for retailers and their suppliers.  The WWRE currently has 56 members with combined sales of U.S. $820 billion.  For more information, visit the company's website at www.agribuys.com or call 877.499.3052.