ReachoutHyderabad.com..Media Reviews

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PLEDGE
Issue dated June 30,2001

BazaarE.com,ReachoutHyderabad.com enter strategic partnership

Hyderabad,AP India, June 29(PNB),2001- BazaarE.com, the world's first Integrated Trading Platform that enables cooperative buying through its many-to-many transaction technology announced today that it has formed a strategic partnership with ReachoutHyderabad.com- the cyber address of Hyderabad.

The agreement calls for a co-branded website, as well as joint promotional and marketing activities over the course of the next year . The website that will be created as part of the deal will allow ReachoutHyderabad.com users to actively conduct purchasing and selling activities through its well-integrated, information rich commerce-communities.

"BazaarE's pioneering Integrated Trading Platform is bringing the benefits of cooperative buying and many-to-many transactions to e-commerce in India.", said Dr. Bala Veeramacheneni, President & CEO of BazaarE. "By integrating our group buying services with ReachoutHyderabad.com, large numbers of buyers and sellers will now have the ability to participate in group buying and selling. Now, e-shoppers can fulfill their content requirements, make group purchases while obtaining the best price for the product, and form interactive communities - all without leaving ReachoutHyderabad.com. The new Goldman-Sachs e-commerce report projects the number of Indian Internet users to be 70 million by 2003, while PriceWaterhouseCoopers, a consulting company, projects e-commerce revenues to reach US $10 Billion. BazaarE, along with all its consumer and community oriented partners, is pioneering the growth of this market."

" When we started way back in 1999 we wanted to instantly start on the e-commerce transactions in our site but then we concentrated first on getting visitors to our site . Since the last 2 yrs we have been consistently providing quality content to our site visitors and now with enough visitors to our site we feel that it time to give them the benefits of group buying ", says Mr.Maju Kuriakose, Chief Executive of ReachoutHyderabad.com. "We are happy to associate with Bazaare.com which has pioneered this new model of e-commerce by introducing "Dynamic Cooperatives" online".