Asian Trader Inc. Signs Strategic Alliance Agreement With Konover Property Trust

Furniture World Magazine

Asian-Trader.com, the world's first international integrated e-commerce trading platform, announced today that it has signed a strategic alliance with Konover Property Trust Inc., a publicly-traded (NYSE: KPT), self-administered real estate investment trust (REIT) engaged in the development, acquisition, leasing, management and marketing of shopping centers. Under the terms of the agreement, Konover and Asian-Trader.com will focus on the development of technological and e-commerce initiatives that will have far-reaching effects on both the retailing and manufacturing industries. Additionally, Konover and Asian-Trader.com will work together to bring the Asian-Trader.com platform to Konover's enormous retail tenant base, thereby providing them with a new and efficient source for procuring their inventory. "Our partnership with Asian-Trader.com will allow us offer value-added services to our tenant base," said C. Cammack Morton, President and CEO of Konover Property Trust. "The relationship with Asian-Trader.com helps us to pursue exciting new technological and e-commerce initiatives that will directly benefit our retail tenants." "We are proud to have formed a strategic alliance with such a high-quality, forward-thinking organization as Konover Property Trust," said David Kim, Head of Asian-Trader.com's US operations. "This partnership will prove fruitful not only for both companies, but the retailing industry as well. Mr. Morton's position as a member of the Internet Task Force of the International Council of Shopping Centers (ICSC) and Konover's prominence in the retail REIT industry, will prove instrumental as we jointly strive to achieve exciting new advances in the evolution of the retailing industry with the Internet."This agreement is the latest Asian-Trader.com has signed in the past few months, adding yet another key strategic partner to Asian-Trader's growing roster of OEM manufacturers, organizations and retailers/resellers. For more information go to www.Asian-Trader.com.