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 June 2, 1999 FOR IMMEDIATE RELEASE eBay and E*TRADE to Share Secrets of Online Success at the Internet Global Summit Headliners Whitman and Chrapaty to Deliver E-Commerce Keynotes RESTON, Virginia -- "The Internet is laying a foundation for a new economy," says eBay CEO Meg Whitman. "Businesses and individuals can chart their own course if they can harness the interactive medium." Whitman and Debra Chrapaty, president and COO of E*TRADE Technologies, are among the online commerce experts revealing the latest developments and keys to succeeding in the electronic marketplace at INET'99 being held June 22 - 25 in San Jose, California. "The Internet is enabling individuals and small businesses to sell their products and services alongside large companies and beyond their own geographical regions," says Whitman, who brought to eBay years of marketing experience working for such companies as FTD, Hasbro, Disney and Stride Rite. "Through online commerce and virtual communities, the Internet is empowering businesses and individuals from every corner of the world to compete in an open marketplace and improve their lives." Whitman has helped eBay grow from a community of 80,000 to nearly 3.8 million registered users. In 1998, users have bought and sold on an annual basis $1.2 billion in gross merchandise sales, making eBay the largest consumer commerce site on the web. As more and more companies seek to develop "destination" web sites, Chrapaty advises, "Key to establishing a thriving business online is having scalable, robust architecture and technology on the back end that provides customers a smooth experience on the front." Under Chrapaty's leadership, E*TRADE has invested significant time andresources to building a top notch system to serve its more than one million active accounts and has received industry recognition for its technology innovation. Chrapaty brings IT experience from her leadership at the National Basketball Association, Bertelsmann C.I.S., EMI Records Group, the Federal Reserve Bank of New York, and Chase Econometrics/IDC in Philadelphia. E-Commerce Sessions Empower Businesses to Utilize the Internet to the FullestINET'99 has developed core sessions for e-commerce professionals and others interested in taking advantage of new commercial opportunities online. Participants will get practical guidance on how to develop an effective web site and design online communities, as well as helpful advice about "Keeping Customers Happy in Cyberspace" in the face of increased customer expectations. INET'99 will also provide an opportunity for companies to review more technical aspects that can impact online success, such as how companies are utilizing open standards to reach more business partners and customers more quickly. "Venture Capital, IPOs and the Internet - Magic, Mania or Both?" will offer insider advice to young companies seeking funding to develop their business or who are planning to offer stock on the publicly traded market from some of Silicon Valley's most successful investors. "We are pleased to have eBay's Meg Whitman and E*TRADE's Debra Chrapaty share their expertise with participants of the Internet Global Summit ," said Mike Nelson, INET'99 co-program chair for ecommerce and program director, Internet Technology, IBM. "The Internet Society realizes the Internet is more than just a communication tool. The net has become a way for businesses to serve customers worldwide. Our aim is to empower businesses, communities and individuals to utilize the Internet to its fullest capabilities with mutual benefits to all parties." INET'99 will report on how e-commerce is developing in other countries with case studies from Asia, Canada, South Africa and Egypt. Additionally, ecommerce sessions will examine how law is evolving to deal with issues that are being raised by Internet commerce, including liability, security, copyright, fraud and privacy, and how the industry is answering these concerns. On the last day, INET'99 hosts a healthy debate on "The Economics of Cyberpsace: Does the Internet Change Everything?" Additional speakers scheduled to share their insights at INET'99 include: · Irving Wladawsky-Berger, IBM's general manager, Internet division · Bill Burrington, vice president of law and global public policy, and associate general counsel for America Online, Inc. (AOL); former chairman of the board of the Internet Alliance · Esther Dyson, chairman of Internet Corporation of Assigned Names and Numbers (ICANN) · Francis Gurry, deputy director-general of the World Intellectual Property Organization (WIPO) About INETINET is the premier event of the Internet industry and provides an international forum for advancing the development and implementation of the Internet networks, technologies, applications and policies around the globe. Established and organized by the Internet Society, INET brings together world leaders and pioneers of cyberspace, information technology professionals, business executives, educators, and government officials to exchange experiences and shape the future of the Internet. INET'99 is expected to attract 3,000 attendees from more than 100 countries to address issues emanating from the Internet's impact on commerce and finance, education, technologies and societies throughout the world. INET'99 will include presentations of more than 100 research papers, technical reports and case studies. Information on INET'99, including detailed information on registration and program tracks, is available on the Internet at www.isoc.org/inet99. About The Internet SocietyThe Internet Society is the international organization for global coordination and cooperation for the Internet. The Internet Society was established in 1992 in response to a recognized worldwide need for a non-governmental, international organization to help support global expansion, standardization and change of the Internet. Today, the Internet Society assists the needs of the growing worldwide Internet Community in many ways: through its annual INET conference; other sponsored events, tutorials, statistical and market research; advocacy programs; network training workshops for emerging countries; and with publications like its award-winning bimonthly magazine OnTheInternet. The Internet Engineering Task Force, the Internet standards body, conducts its work under the auspices of the Internet Society. The Internet Society is comprised of members from more than 150 countries. Note to editors: Press is invited to register for INET'99 free of charge. Registration information is available at the Internet Society's web site at www.isoc.org/inet99/media.shtml. Contact: Craig Jelinek, <jelinek@isoc.org, 408-395-0897 Mona Peloquin, <mona_peloquin@dc.edelman.com, 202-326-1728. |
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