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Leading timber/lumber eMarket wins two prestigious awards in two days

Picture Caption: ComputerWeekly Award

TIMBERWeb PLC, the global B2B timber/lumber eMarketplace, has been judged a winner in the E-Business Excellence Awards sponsored by Computer Weekly - just 24 hours after winning a key E-Commerce Solutions Award at the CBI annual Conference in the UK.

The Company is currently undertaking an Offer for Subscription for its shares to raise up to ú7 million through joint financial advisers Grant Thornton and Matrix Corporate Finance. The Company plans to use the financing to develop further its Ariba Dynamic Trade (tm) B2B timber trading platform.

Company Chairman and CEO Mr Keith Richmond said: "Both awards are for the best examples of e-business in action in the UK, and were judged on the basis of benefit to business, something we have worked hard to achieve. For this to have been recognised publicly is a truly great accolade for the company and especially for those in our team who have made it happen.

"Our Company is establishing itself as a leading player in providing online services for the timber industry across the world. To receive further external, independent recognition of our business is testament to our continued growth."

The TIMBERWeb e Market acts as a vertical portal and B2B exchange for the global timber industry, where buyers, sellers, intermediaries and other users regularly visit to interact with the site to find industry contacts, news and industry information and access 3rd party services whilst also buying and selling timber.

The TIMBERWeb exchange is one of the most sophisticated of its type and has been built by Archway Consulting based on the Ariba« B2B Commerce Platform technology, the leading provider of B2B technology solutions.

Mr Richmond added: "The expertise of the Archway team helped us deliver an exchange that exploits new market dynamics of the timber industry. Taking timber services onto a transparent online exchange creates a highly competitive and efficient environment for buyers and suppliers alike,"

Emily Brady, Archway Managing Director, said: "TIMBERWeb's exchange is built on state-of-the art technology and has been developed so that it is one of the most robust and efficient exchanges around, and incredibly easy to use,"

The company won the E-Business SME category of the Computer Weekly E-Business Excellence Awards at a ceremony in London (on Tuesday, November 7). This followed the presentation of the Burns E-Commnerce Solutions Award for Supply Chain Management, given at the Confederation of British Industry Conference in Birmingham on Monday (November 6).

TIMBERWeb« was established in early 1997 and seeks to become the preferred global timber eMarket for the trading of timber/lumber and timber/lumber-related products. The company has attracted over 500 subscribers to its service from more than 50 countries around the world and has established a database of over 200,000 which the directors believe is probably the largest of its kind in the world.

TIMBERWeb« has developed an international sales team and is headquartered in Suffolk, UK.

The two awards won by TIMBERWeb« will join the considerable number of other awards the company has won in recognition of its leading position in the e-business sector.

Enquiries:

Keith Richmond, Chairman and CEO TIMBERWebÊ PLC
Tel: +44 (0)1473 632636
Mobile: 07770 688400

Archway

Alex Walters, Walters Associates
Tel: +44 (0)20 7440 5658
Mobile: 0771 713608

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