Thursday January 27, 12:13 pm Eastern Time
Company Press Release
HOUSTON, Jan. 27 /PRNewswire/ -- International Energy
Partners, L.L.C., a Houston-based energy brokerage firm, announced
today the launch of it's NRGLine.com website, the world's
first third-party digital web-based trading system for refined
oil products. CYNET Interactive, the Internet division of
CYNET, Inc. (OTC Bulletin Board: CYNE
- news),
was contracted to design and develop the site in collaboration
with oil industry specialist, Steve Leahy. ``This highly interactive
website comes in response to our clients' quest for faster,
cheaper and more reliable ways to make money trading petroleum
and its related products,'' said Leahy, Managing Partner of
International Energy Partners. ``NRGLine.com is not meant
to replace, but rather to complement our existing conventional
brokering to provide our clients and their management access
to the benefits of leading edge technology.'' The company
plans a unique strategy utilizing its traditional brokerage
staff as built-in support for the system. ``Our brokers will
not have access to the system beyond ''read-only`` status.
The power and ability to point, click and trade lies exclusively
with the trader-users,'' Leahy said.
The system is powered by the ADC2000TM
trading system, a state-of-the-art, highly efficient and secure
trading based software developed by Tom Ren, Vice President
and Director of CYNET Interactive. To meet the challenges
of a volatile oil market, the system has built-in features
including product regrades, EFP's, location sorting, timed
and instant cancellation of postings. CYNET's messaging system
will add the ability to instantly confirm trades and send
faxes and e-mails as business is concluded. CYNET Chairman
and CEO, Vincent Beale, Sr. remarked, ``This project allows
us to showcase our talents by integrating our advanced communications
solutions in the development of leading-edge web-based portal
technologies to meet the increasing demands in business-to-business
e-commerce applications.''
A single-point source for Internet communications, CYNET,
Inc. is a provider of highly advanced customer-driven technology,
including customizable and scalable e-business Web sites,
Web site hosting and development, wireless communications
solutions, high-priority Internet, voice and fax messaging,
plus a full-service marketing and graphic design department.
Every product and service offered is specifically designed
to provide solutions to clients' communications and Internet
business needs.
International Energy Partners, L.L.C. and CYNET, Inc. plan
a joint venture to provide all major OTC commodities markets
with online trading systems similar to NRGLine.com which sources
say will grow to be a trillion-dollar market.
| Steve Leahy |
Natalie Gonzalez |
| Managing Partner |
Public Relations Manager |
| International Energy Partners, L.L.C. |
CYNET, Inc. |
| 713-680-2400 |
800-964-2963 |
| Fax: 713-682-1391 |
HyperMail Fax: 281.664.4110 |
| stevel@nrgline.com |
ngonzalez@cynetinc.com
|
SOURCE: CYNET, Inc. and International Energy Partners, L.L.C.
|