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Oxygen Electronics LLC will provide Internet based data management services to facilitate sale and redistribution of surplus electronic components for the Danish Electronic Industry.
For immediate release - Monday, December 20, 1999
Copenhagen, Denmark - December 20th 1999 - Oxygen Electronics LLC, a leading provider of Internet Commerce and data management tools announced a strategic partnership with the Danish Electronics Industry Association. This partnership will provide member organizations of the EI, the expertise and global market exposure associated with Oxygen Electronics' databases while creating a regional Extranet solution for companies in Denmark to trade surplus or obsolete inventories of electronic components.

Members of the EI, a Danish trade association focused on the electronics industry, will now have a forum where they are able to buy, sell, and trade their surplus inventories of electronic components on-line. "We feel that this will benefit all participants, from OEM's to CEM's and distributors," stated Niels Hjertholm, Managing Director of NH Electronics ApS.

"Participation in the Oxygen Electronics ever-growing network of OEM's and component purchasing organizations will provide Industry in Denmark with the exposure and information systems necessary for the EI to accomplish the goals of its members, " declared Mark Pasdon, co-founder of Oxygen Electronics.

Jan Zneider, Managing Director of the Elektronikindustrien, stated "The EI is very excited to be able offer e-commerce services which will help our members sell and trade excess inventories. It is important that Danish industry has a profitable solution for liquidating surplus inventory rather than the traditional method of writing off inventory and absorbing the losses."

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Oxygen Electronics LLC
56 Lafayette Ave.
White Plains, NY 10603
Phone: +1-914-289-0202
Fax: +1-914-289-0222