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FOR IMMEDIATE RELEASE - April 18, 2000
OINKE.COM AND INTEGRAINFO.COM COLLABORATION OFFERS PRIVATELY-HELD COMPANIES POWERFUL ANALYTICAL TOOLS
Integra Information's Business eValuator™ and Benchmark Report Offered to Companies Auctioning Their Loans on Oinke.com
IRVINE, Calif., - Oinke.com, a live vertical trading exchange that matches borrowers with lenders, announced today that it has joined forces with Integra Information, Inc. to offer privately-held companies two comprehensive risk management tools that can help them make informed decisions before talking to lenders and shopping for an online loan. Integra Information's reports, Business eValuator™ and Benchmark Report, are complimentary to all companies auctioning a loan at Oinke.com.
"Oinke.com is committed to establishing a seamless integration of analytical tools for companies to help them understand what lenders are looking for when considering their loan," said Tom Markel, Oinke.com's chairman and CEO. "Our alliance with Integra Information offers privately-held companies the opportunity to take advantage of the third-party analysis offered by Integra Information's Business eValuator™ and Benchmark Report. We're putting companies, for the first time, on a level playing field with lenders."
More than 90 percent of the 20 million businesses in the United States are privately-held. Integra Information is well known in the lending industry for providing private company performance assessments. The information and tools the company offers are used by leading financial institutions, including major banks and finance companies, to help assess commercial credit risk and creditworthiness. A company taking advantage of the Business eValuator™ and the Benchmark report on the Oinke.com Web site has the opportunity to gain an understanding of how its financial position could be evaluated by potential lenders. They will also receive valuable insight into how its operations measure up against industry peers.
Integra Information's Business eValuator™ provides a business guideline valuation, while the Benchmark Report offers a performance comparison against peers. To take advantage of the two reports, a company simply enters its last three years of balance sheet and income statement information into the Web site through a user-friendly input form. All information is secured in the OinkeVault - via a proprietary technology that ensures a private, secure transaction and safeguards confidential information.
The Integra Information Benchmark Report will generate a report identifying key operating differences between the company's business and its industry peers. It provides an in-depth financial comparison on the business within a company's SIC code, delivering a point-by-point picture of how a company measures against its business peers.
The report includes both dollar and percentage comparisons of key business performance numbers, such as revenue, cost of sales, gross margin and operating income. It also features a three-year comparative income statement, balance sheet and cash flow information.
"Not only is Oinke.com bringing borrowers and lenders together," said Jim Hammel, CEO of Integra Information, "it is going the extra mile to help borrowers get the best deal possible. We provide borrowing companies the analytical tools they need in order to make informed decisions before they begin talking with lenders about their online loans. Finally, the process is fast, easy and secure."
About Oinke.com
Oinke.com was founded in September 1999 and is headquartered in Irvine, California. Its Web site launched in February 2000. Strategic partners includes Moody's Risk Management Services, Integra Information, TRUSTe, VeriSign and Argus Security Systems. For more information, visit the Web site at www.oinke.com.
About Integra Information, Inc.
Integra Information, IntegraInfo.com, PrivateCo.com and Business eValuator are trademarks of Integra Information.
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