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E-Markets, Inc. Proudly Announces New Patent
CONTACT:
Dondi Smith
E-Markets, Inc
dondi.smith@e-markets.com
515-956-9327
BERTHOUD, CO -- April 16, 2007 E-Markets, Inc. the leading provider of software solutions and services to the agriculture industry announced today, that it was issued a Method and Apparatus for Pricing a Commodity, U.S. patent on April 3, 2007.
The Patent allows for the use of web browsers and electronic databases to create pricing on commodity contracts for more than 2 pricing periods. E-Markets' DRC Pricing tool was derived from this patent, a product which eliminates the market tracking and price accounting involved in grain marketing programs. According to E-Markets, Inc. President and CEO Scott Cavey, "This patent has been in the making since 1998 and is far overdue; it provides confirmation on a product that E-Markets, Inc. has provided for the past 6 years."
DRC Pricing Tools enable grain elevators to expand business and increase their customers' profits. Using the DRC pricing tool, elevators can help customers take the guesswork and emotion out of grain pricing by developing a marketing strategy tailored to individual needs.
The patented technology showcases E-Markets, Inc. continuous strive to improve software solutions for the agriculture industry. DRC Sales Manager Ed Reese is elated about the patent that's been in progress for the past 6 years. "The DRC pricing tools are the first Web Based Application available to the Ag Industry that establishes the opportunity for Producers and Originators to establish a contract and provide the transparency of details to both Buyer and Seller. DRC's were truly an innovation when first introduced and continue to be so."
For more information on the Patent, DRC Pricing Tools or E-Markets, Inc. please contact Dondi Smith at (515) 956-9327 or via email at dondi.smith@e-markets.com.
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E-Markets, Inc. is a pioneer in delivering e-commerce solutions to the agriculture and food industries. The company introduced the industry's first online grain production contracting system in 1997, the first internet-based agricultural input ordering system in 1998, the first internet-based risk management tool for the grain industry in 2000, and most recently, an internet-based Attribute E-Xchange trading management tool. E-Markets' applications eliminate barriers between buyers and sellers; enable information sharing across the agri-food value chain; and streamline back office processes resulting in significant returns for its customers. Several thousand grain elevators, ag-retailers, seed companies and grain processors throughout the United States are using E-Markets' tools.
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