Zulunet[TM] Offers B2B E-Commerce Portal.

Designed to facilitate seamless communication and contract negotiations between buyers, sellers, financial institutions, regulatory bodies, and transportation providers, the new Internet portal, Zulunet,ne [TM] offers a real-time, open system for business-to-business e-commerce.

The

B2B portal facilitates every step of the buying process, from purchase through shipping and enables users to enter into and store legally binding contracts online. CEO and president Peter Fox conceived of Zulunet [TM] when it became apparent to him that existing B2B Internet services did not allow users to source, sell, insure, finance, ship, and document transactions in a real-time mode.

Zulunet.net is comprised of four categories, each existing in a secure, real-time environment:

* ZuluLink[TM]--a virtual storefront which allows users to access products and services provided by Zulunet[TM]-enabled service providers such as electronic catalogue services, transport services, and financial and insurance services;

* ZuluForum[TM]--a real-time virtual conference room where users can negotiate with each other to conclude deals, translate these deals into final contracts, and manage the ongoing process until the goods reach their final destination;

* ZuluFile[TM]--a document exchange system that allows users to register, store and maintain contractual arrangements. Through this system, information from a repository is translated into legal documentation, enabling users to enter into legally binding, documented contracts over the Internet; and

* ZuluNews[TM]--third party information feeds related to the goods, regulatory, financial and transportation markets represented on Zulunet [TM].

"The Zulunet[TM] system is designed to increase a company's profitability and efficiency by eliminating unnecessary paperwork, time spent in sales meetings and phone calls and endless hours trying to sort through the confusion of the Internet," said Fox. "Our goal is to achieve maximum efficiency--to fill every empty leg on every train, plane and ship with goods purchased in one, simple step through Zulunetm[TM]."