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August 11, 2000. Presentation to. Twentypounds. Mission. To provide an electronic marketplace that allows buyers in Engineering, Procurement, and Construction (EPC) companies worldwide to source, procure, and dispose of surplus and new materials in the most efficient manner possible.
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August 11, 2000 Presentation to Twentypounds
Mission To provide an electronic marketplace that allows buyers in Engineering, Procurement, and Construction (EPC) companies worldwide to source, procure, and dispose of surplus and new materials in the most efficient manner possible.
The Opportunity • B2B transactions projected to be $1.4 trillion on the web by 2003 • Total value of materials procured by the Top 100 EPC companies: $165 billion • Percentage of materials procured but not used (surplus): 7% • Total value of surplus materials market: $11.5 billion
The Approach • Provide website tailored to the needs of the building construction & EPC market • Forge business and equity partnerships with building construction & EPC firms • Experienced sales force targeting Procurement Management • Advertising via Trade mediums • Compelling Pricing Model
Benefits • No cost to the buyer • Surplus solution boosts the bottom line • Unlock unrealized value of surplus • Increase project opportunity • Global Leveraging • Increased volume fosters lower bids • Buyer and Project Centric • Evaluate new & surplus material together • Buyers set customized parameters • Flexibility • Integrates with current systems
How It Works • Maintain current RFQ work process • Buyer posts RFQ • Receive bids from sellers • Evaluate & Approve • Award • Seller pays transaction fee upon award
Executive Team • Donald Bliss, CEO • Bryant Wong, CFO • Frank Raimondis, VP Product Dev. • Larry Murdoch, VP Business Dev. • David Bliss, Chief Technology Advisor
Directors/Advisors • Les McCraw: retired Chairman & CEO Fluor Corp • Peter Van Nort: former SVP Raytheon, President/COO • HB Zachry & EVP of ABB • Carl Falk: SVP Commerce One, founder & former • President of ACQUION, Inc. • Jim Barry: former Division President Hill International, • President/CEO Fru-Con • Ken Eickmann: Director, CII • Fran Steele: former Director of IT, Foster Wheeler USA, • formerly with Bechtel
Beta Participants • Day & Zimmerman International • Duke/Fluor Daniel • Encompass Group • Fluor Daniel Inc. • Jacobs Engineering Group Inc. • Suitt/BE&K
Preferred Clients • Day & Zimmerman International • Duke/Fluor Daniel • Gilbane Building Co. • Henkels & McCoy Inc. • Parsons • Dozens more have expressed interest
Many Potential Competitors Bidcom Buildfolio BuildNet BuildPoint Buzzsaw Cephren IronPlanet None have all of the following: EPC Industry Focus Surplus Market Focus EPC-centric Business Model No Up Front Costs EPC Domain Expertise all The Competition
The Capital Structure • 6.2 million shares common to founders • 1.8 million shares common to fund equity incentive plan • 1.9525 million shares Series A Preferred
Name: Address: Company: Office Voice: Email: Fax: BuyerCreate New RFQs Review Saved RFQs Review Open RFQs Review Closed RFQs Accept Bids Award Bids Seller Search for RFQs View Requested RFQs Review Pending Bids Review Active Bids Review Awarded Bids Review Rejected BidsReview Closed Bids AdminUser Profile Preferred Sellers Preferred Categories Help System User Management Office Management Company Management QUESTIONS?