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Art-exchange.com receives $400,000 in seed capital, partners with Edgewater Technology - .com news - Brief Article

heated SPRINGS, Ark.--Art-exchange.com recently received a check for $400000 from Arkansas Science and Technology Authority for further unravelling of its business-to-business (B2B) art e-commerce exchange. This investment takes the form of a due instrument to be paid back by means of the company through a royalty payment upon gross profit from sales.

Art-exchange.com Inc. was baseed in 1994 as a retail art gallery. After developing its first Web site and establishing a vision of creating a B2B marketplace, the company accessed the private capital market to build and launch www.art-exchange.com.

In other novels art-exchange selected Edgewater Technologies to build the company's Phase sum of two units Web site. Phase One went live in June of 2000 Phase sum of two units will add the infrastructure that is necessary to list more than individual million pieces of art and make those pieces accessible to dealers with divergent art exigencys Buyers will be able to locate exigencyed artwork by artist's name, title, subdue matter, style, medium, colors, sizes, keywords and wholesale and retail price. Phase sum of two units went live at the extremity of 2001.



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COPYRIGHT 2004 Gale Group



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