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Aug 26, 2015 7:39 EST

Neobits, Inc.: a leading business-to-business (“B2B”) cloud platform powering an eCommerce marketplace that connects suppliers and wholesalers with global business buyers

iCrowdNewswire - Aug 26, 2015

Neobits, Inc.

Neobits, Inc. Logo

 

Neobits is a leading business-to-business (“B2B”) cloud platform powering an eCommerce marketplace that connects suppliers and wholesalers with global business buyers. The Company provides businesses the selection and efficiency of consumer eCommerce, while bringing global reach to niche suppliers and wholesalers.

The Company’s proprietary platform offers business customers the internet’s largest virtual business-centric catalog, powered by an optimization engine that matches orders with suppliers and fulfillment partners. Neobits integrates leading B2B supplier and manufacturer inventory onto a cloud platform, providing content and catalog management, multi-channel online distribution and business intelligence for efficient fulfillment. The Neobits decision engine ensures lowest price, assured availability and efficient delivery, enabling customers to confidently make purchase decisions without the hassle of manual, one-to-many supplier comparison-shopping.

Neobits has an online catalog of over 5 million products from over 10,000 manufacturers across 25,000 categories. Through its extensive, carefully developed network of over 120 suppliers the Company has instant access to over $100 billion worth of inventory in hundreds of stocking warehouses nationwide.

The product breadth and selection offered by the Company has attracted a global customer base consisting of large corporations, small-medium businesses and government agencies. The Company, with de-minimums marketing spend, has served over 40,000 customers.

Neobits generates transactional revenues from the sale of products through its online marketplace and has been growing revenues 45% annually from 2012 through 2015. 30% of the revenues are generated from repeat customer orders. The gross margin on average are approximately 22% and the business is profitable with positive cash flows.

 

Products / Services

B2B Ecommerce Marketplace

Neobits has an online catalog of over 5 million products from over 10,000 manufacturers across 25,000 categories. Through its extensive, carefully developed network of over 120 suppliers the Company has instant access to over $100 billion worth of inventory in hundreds of stocking warehouses nationwide.

The Company’s proprietary platform offers business customers the internet’s largest virtual business-centric catalog, powered by an optimization engine that matches orders with suppliers and fulfillment partners. Neobits integrates leading B2B supplier and manufacturer inventory onto a cloud platform, providing content and catalog management, multi-channel online distribution and business intelligence for efficient fulfillment. The Neobits decision engine ensures lowest price, assured availability and efficient delivery, enabling customers to confidently make purchase decisions without the hassle of manual, one-to-many supplier comparison-shopping.

 

Contact Information:

Arvind Goel

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