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gsmExchange Wins International Deal From Vodafone
DUBLIN, February 5 /PRNewswire/ -- Web based trading company, gsmExchange.com has been commissioned by Vodafone to develop a business-to-business platform that enhances the purchase and distribution of mobile handsets worldwide. Vodafone, expressed a need for an intra-company-platform that would help them gain a competitive edge. This platform will ensure that Vodafone operating companies coming across unexpected high demands for particular handsets will have an internal exchange or channel to turn to when sourcing stock to meet these demands. In turn, Vodafone operating companies that find themselves over stocked use this site to promote their stock to other Vodafone operating company's world wide. The internet based Platform is called the "Vodafone Spot Market Trading Platform". It works very much like a Commodity Stock Exchange, where offers and requests are matched up, and buyer and seller can agree on the terms, and conclude their transactions, quickly and efficiently online and within hours. Today, the trading platform is servicing selected Vodafone operating companies and plans to rollout the service in 2008 across the Vodafone family. gsmExchange is the brain child of Managing Director Essam Bishara, who in the late 90s, recognised the need to link industry players, e.g. network operators, distributors, retail chains to form a "stock exchange" for mobile handsets. Today, gsmExhange.com has achieved industry leadership with over 20,000 members worldwide and approximately 500,000 handsets per day being placed on the site. The gsmExchange.com platform serves the industry wholesale and retail channels on a global scale, supplying them with a valuable network with which to trade. Furthermore, the volume of data thus generated gives their clients a unique look into the workings and trends of the wholesale mobile handset market. "We have hit a key milestone in our development" commented Essam Bishara, gsmExchange.com, Managing Director "We have had the challenging task of creating a platform that was both easy to use and intuitive, that would also integrate with the existing gsmExchange.com platform to provide a market data feed. Moreover, a distributor can quite easily integrate their systems with the platform, ensuring that all their offers and price lists are automatically updated for Vodafone operating companies' benefit."
