Klatu, Inc. and First Atlantic Commerce Ltd. combine services to develop the most sophisticated multi-currency, multilingual and multi-vendor e-commerce platform for Latin American and Caribbean Regional B2B Resellers

Powered by CNET Channels DataSource, Klatu and First Atlantic Commerce provide the LAC Regional VARs with an e-Business Booster Shot

June 3rd, 2003, Miami, Florida and Hamilton, Bermuda -- Klatu Inc., and First Atlantic Commerce Ltd., today announce the release of a new B2B electronic commerce platform specifically designed for the Latin America and Caribbean (LAC) based Value Added Resellers (VARs) of technology products throughout the region. CNET Channel, a subsidiary of CNET Networks, Inc. and their DataSource service provide the highly structured, multilingual content and image data required to effectively display and facilitate searches and comparisons on product specifications for the items carried by distributors such as Tech Data Corporation. Klatu's solution gives access to pricing and availability of major distributors and supports additional suppliers and the VARs own inventory. The solution permits online transactions in a complete range of international currencies as well as the domestic Caribbean regional currencies.

FACs online transaction processing enables regional domestic currency pricing and settlement. By adding this to CNETs DataSource parametric data, photographs, and marketing descriptions, we can further enhance the B2B ecommerce solution for the VARs in the LAC region. VARs will be able to build an enhanced purchase environment at a fraction of the cost of an internal solution," said Ralph Falkenburg, president, Klatu Inc.

We are very pleased to be working with Klatu and First Atlantic to support the LAC based B2B ecommerce platform with our standardized multilingual and multi-vendor product information," said Bruno Behier, vice president of strategic sales at CNET Channel. "With products and solutions available in more than 10 languages including English and Spanish, we are recognized today as global leaders in data management. Klatus platform for LAC VARs will set the standard for efficient and informed technology buying and selling across the IT supply channel."

Klatus enhanced eCom engine integrates CNET DataSource images and multilingual content, a real-time supply chain from master distributors such as Tech Data, FACs solid, real-time payment processing platform and specialized international e-commerce functionality. Our solution addresses all the requirements such as real-time pricing and availability, multiple payment methods, a pricing engine, product filtering, and multiple INCOTERM and landed cost pricing for defined territories," said Ralph Falkenburg. US-centric ecommerce models havent been widely successful in the LAC region and Klatu allows these VARs to integrate their US and local in-country supply chains to meet their specific language, currency and other regional business requirements."

Until recently, the Caribbean based VARs were leveraging US based ecommerce platforms to drive their business, which limited their ability to price and settle card-based payments in their own domestic currency -- a requirement to market directly to consumers within their local jurisdiction" said Andrea Wilson, chief executive officer, First Atlantic Commerce. The new Klatu FAC ecommerce solution allows the VAR to price in their domestic currency as well as in a multitude of international currencies -- a comprehensive solution that hasnt been available to this region until now."

All Caribbean regional currencies are supported, in addition to 58 other international currencies. Weve taken the most comprehensive of the B2B solutions and added in the marketing, pricing and language functionality thats crucial for success of an ecommerce business in the LAC market. Consumers in the LAC region can now visit their local resellers e-store and order from the inventories of that resellers major suppliers. This is what global ecommerce is all about," added Wilson.    

About Klatu Inc.
Headquartered in Miami Florida, Klatu Inc. develops and provides multi-lingual international ecommerce solutions for resellers, distributors and manufacturers that supply Latin America and the Caribbean. Klatus principal ecommerce platform -- eCom - integrates CNETs structured product data with supply chain information, international logistics and export compliance intelligence, resulting in an affordable and powerful B2B VAR solution. The application leverages Microsoft®. NET XML application links, allowing real time ecommerce sales based on product availability, pricing, transportation costs and foreign exchange rates. For more information about Klatu visit http://www.klatu.net">www.klatu.net.

Contact Klatu:
Ralph Falkenburg, ralph.falkenburg@klatu.net, +1.305.477.1767

About First Atlantic Commerce Ltd
Headquartered in Bermuda, and established in 1998 to create secure card based payment solutions for e-businesses, First Atlantic Commerce provides powerful technology designed to work with most merchant platforms, including Microsoft® platforms, UNIX, and LINUX. First Atlantic Commerces cGate® technology offers state-of-the-art service, flexibility and security to adapt to many business and bank acquirer requirements. Business solutions such as multi-currency pricing and multiple jurisdiction settlement are available. First Atlantic Commerce works with a number of financial institutions in the Caribbean markets. For more information visit our web site at http://www.firstatlanticcommerce.com ">www.firstatlanticcommerce.com .

Contact FAC:
Andrea Wilson, awilson@fac.bm, +1.441.294.4620

About CNET Channel
CNET Channel, http://www.cnetchannel.com">www.cnetchannel.com, a wholly owned subsidiary of CNET Networks, Inc., is a leading provider of structured and standardized electronic product information. Built around this core information, CNET Channel's complete range of online services and solutions related to catalog maintenance, product content delivery, channel relationship management as well as sales cycle automation enable the IT channel industry to conduct frictionless channel business while optimizing their customer and supplier relationships.

Contact CNET Channel
Birgitte Grangier, birgitte.grangier@cnet.com, Phone: +41.21.943.0368