The agreement will enable AlliantLink.com restaurant, hotel, healthcare
and other foodservice customers to obtain financing quickly by putting their
requests up for auction before Oinke’s network of 160 lenders. The system is
expected to debut on October 1, 2000.
We are pleased to offer customers this opportunity to utilize secure
reverse-auction technology to very quickly and easily obtain hassle-free
financing at favorable rates, says Barbara G. Moss, senior vice president and
chief operating officer, AlliantLink.com. The AlliantLink.com Financial
Auction powered by Oinke is another in a series of agreements that will
provide even greater value to AlliantLink.com customers by enabling them to
consolidate their purchases of goods and services with one-stop shopping.
Oinke responds to the financing needs of America’s next generation
companies, said Thomas Markel, chairman and CEO of Oinke, Inc. We look
forward to providing the one-source commercial financing center for AlliantLink.com’s customers. The financing requirements of AlliantLink.com’s
business customers represent new opportunities for Oinke’s network of lenders,
who look to Oinke for faster, more efficient, and less expensive financing.
We are delighted that AlliantLink.com has joined the growing list of top
companies offering the ‘Powered by Oinke’ solution.
Oinke, Inc. provides the only Internet-based real-time commercial finance
center connecting business borrowers with 160 qualified lenders in a secure
auction environment. Its standardized on-line Auction Summary Application
Package forms simplify the borrowing process for 63 different loan types,
dramatically reducing typical loan paperwork and facilitating negotiations
with a worldwide pool of lenders including Wall Street firms, insurance
companies and finance companies. Oinke specializes in loans ranging from
$5,000 to $500 million. Oinke, headquartered in Irvine, California, was
founded in September 1999. Strategic partners include Moody’s Risk Management
Services, Integra Information and Trans Union.
Alliant Exchange is one of the nation’s largest business-to-business
e-commerce and information exchange companies, with annualized sales of more
than $6.5 billion. The company, one of the largest privately held enterprises
in the U.S., has three operating subsidiaries — Alliant Foodservice, Inc., a
leading broadline foodservice distributor; The Drescher Corporation, a
foodservice distribution company; and AlliantLink.com, Inc., an Internet-based
service that provides 24/7 access to a catalog of more than 165,000
foodservice items, equipment, related supplies and value-added services.
