EC21.com Enters Russian Market

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 21, 2011 -- Seoul, Korea, February 15, 2011 – EC21.com, the world's leading business-to-business (B2B) marketplace for global buyers and suppliers, has recently announced that it had signed an agreement with SIBIR Limited Liability Company, a part of N4B group to open a new sales office in Russia beginning in 2011.

SIBIR Limited Liability Company, established in 2009, currently provides informational and consulting services in the field of analyzing the market environment and developing the national 'Navigator for Business' B2B network (n4.biz) with support of the Chamber of Commerce and Industry of Russia and other competent business organizations in Russia.

SIBIR will now represent EC21 general and premium services across the Russia, mainly in Moscow and Moscow regions by using their local contacts. They plan to promote the services via Internet, forums, conferences and exhibitions working with Russian industrial, agricultural and trade associations.

"Market of B2B services, e-commerce in particular, has been just starting to develop in Russia. There are no big players in Russia yet, however, the potential is huge: there are currently 16 million small and medium enterprises running in Russia and they cover more than 60% of national economy for now." said Andrey Y. Bykov, founder of SIBIR. "We expect to expand our sales network to cover 8-10 regions and get revenue growths for this starting year." he added.

Tae-Sung Kim, the executive vice president of EC21, said partnering with SIBIR was a great opportunity to develop EC21 sales network in Russia. "They are very keen to develop the brand across the Russia and the way the Russian industrial market is developing, the timing of this new and exciting partnership is ideal." he said. "Our expansion in Russia is aimed at making international trade easier for Russian companies and our local offices will provide complete guidance to Russian SMEs on how to effectively promote their products to the global buyers and suppliers." he added.

For more information, please click here. http://community.ec21.com/forum/viewtopic.jsp?topic_id=27668


About EC21 Inc.

EC21 is one of the world's leading B2B e-commerce company, connecting millions of buyers and suppliers worldwide through 3 major e-marketplaces: Global B2B marketplace (www.ec21.com) for worldwide exporters and importers, a Chinese-version marketplace (cn.ec21.com) for importers and exporters in China, and a Korean version marketplace (kr.ec21.com) for domestic traders in Korea. EC21 is headquartered in Seoul, Korea has 16 regional sales offices throughout Mainland China along with sales offices in Taiwan, Vietnam, Turkey, India, Italy, Pakistan and Russia.

EC21 provides free and premium membership services using which suppliers can easily create their own homepage to showcase products online, locate and contact global buyers, reply to buying leads and post trade offers to sell. Buyers can use the site for free and can easily search for new products, locate and contact new suppliers, and post buying leads. With the trust and support of millions of buyers and sellers worldwide, EC21 has today become one of the world’s largest and most popular B2B network with over 3 million Product listings and buying/selling leads and over 600,000 inquiries are exchanged every month.

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