Establishes European Headquarters In Munich

Westlake Village, Calif., Jan. 31, 2000 (PRIMEZONE) --, Inc. (, a leading business-to-business (B2B) online marketplace for buyers and sellers of electronic components, announced today that it has established an office in Munich, Germany that will serve as its headquarters for the fast-growing European market.

"The opening of our Munich office represents a major step in positioning Need2Buy as a truly global marketplace," said Maury S. Friedman, chairman and chief executive officer of Need2Buy. "Our vision is to extend the tremendous benefits of the Need2Buy Marketplace to OEM buyers, distributors and component manufacturers around the world."

The expansion into Europe will substantially increase the universe of buyers and sellers participating in Need2Buy's Global Marketplace. Domestic OEMs will have the ability to source components from European distributors and manufacturers, while U.S.-based suppliers will be able to considerably expand their customer base into the European market.

Mr. Friedman added, "Our expansion will enable us to capitalize on the rapid growth in demand for electronic components throughout Europe, while providing our existing user base with an increasingly compelling value proposition."

Need2Buy is in the process of compiling an extensive, proprietary database of European vendor profiles for use in conjunction with its patent-pending "expert system," which matches buyers with a list of distributors and manufacturers who are most likely to carry their desired product. The Company plans to launch its European site during the second quarter of this calendar year.

Need2Buy initiated its Electronic Components Marketplace in May 1999 and plans to gradually expand its range of vertical offerings to serve a wide spectrum of business-to-business e-commerce needs.

Need2Buy is located in Westlake Village, California. Tel 818-597-5757. Additional information is available on the company's website at, or by e-mail at


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