Networld Exchange Announces Integration of Government Contracts With Vendor Community

September 17, 2007; 04:21 AM

CARLSBAD, Calif., Sept. 17 /PRNewswire/ -- Networld Exchange (Networld) announces the launch of the Networld Government Acquisition Portal (nGAP), for use by U.S. government agencies and Federal contractors.

Networld, a developer specializing in procurement systems for the federal government, sees the addition of nGAP as their next step in the creation of a comprehensive Enterprise solution for electronic government procurement. With its previously announced Open Contract System (OCS), Networld introduced a comprehensive multi-contract, multi-vendor contract management solution. By adding nGAP, Networld now connects OCS with a potentially unlimited number of contracts, government buyers, and Federal vendors, all connected by the Internet.

nGAP is an interactive forum where buyers and sellers can find contract vehicles, and each other, to increase and facilitate business. While nGAP is a standalone solution for fulfilling acquisition requirements, coupled with OCS it enables government buyers to integrate management of their own contracts with nGAP's growing list of contracts and vendors. This lets buyers find the best values, easily obtain multiple bids, and incorporate the results seamlessly into the OCS contract management solution where each purchase can be tracked and managed from Requisition to close-out.

Networld believes that both government and vendors can use this comprehensive solution to automate many procurement functions within their existing systems and procedures.

nGAP also supports government objectives for small business by providing a simple way for small disadvantaged businesses to participate, whether they already have contracts or not.

Electronic-Co, Inc., dba Networld Exchange, is a privately owned company in Carlsbad, California. We invite you to visit our corporate website at http://www.networldexchange.com to learn more about our company, our products and our contracts with the federal government.

SOURCE Electronic-Co, Inc.