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Net32, Inc., Granted Patent for Internet Comparison Shopping Technology
Net32, Inc.(Net32), developer of the business to business electronic marketplace for the dental industry, today announced that the US Patent and Trademark Office has issued Patent #7107226 for Net32’s "Internet-Based Online Comparison Shopping System and Method of Interactive Purchase and Sale of Products."
Net32’s technology patent embodies a number of ground breaking new methodologies including a unique method of fully integrating product offerings from multiple competing vendors into a single proprietary database. This, in turn, enables search results that allow price comparison across all vendors instantly. An order can be comprised of products from many vendors and executed with a single mouse click.
Donna Cassidy, President of Net32, stated "We believe that our technology is fundamentally superior to currently prevailing comparison shopping business models, including those based on lead generation. Serious inefficiencies, complexities, and inaccuracies are inherent in harvesting vendor product and pricing information from remote websites, and with redirecting customers to other sites to complete orders. "We provide a compelling advantage by taking care of ALL vendor and customer needs in a single fully integrated marketplace."
Cassidy said "Issuance of this comparison shopping patent secures our technology, further enhances our leadership position in the electronic procurement marketplace, opens up a myriad of licensing opportunities, and bolsters our plans to build out additional vertical marketplaces that use our advanced technology. Additionally, our patented technology will underpin further development of intelligent tools that are unmatched in online comparison shopping, bringing exceptional value to businesses seeking to maximize savings and profits purchasing within their industries worldwide." 25.09.2006, Net32
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