BASE. .. BUYERS AND SELLERS EXCHANGE, combines advanced telecommunications, computer technology and accounting capability with commodity trading to create an auction of the future. This "Electronic Auction" is a market exchange system designed to connect buyers and sellers at different locations to one central auction. The central auction concept makes more fishavailable to more people at the same time, thereby marketing the products more efficiently and minimizing operational costs.This system promotes fair market value for your products. Offering of products in moderate sized lots is an opportunity for additional buyers to engage in the electronic auction.

..May I have an opening bid on scrod cod?"

BASE ... Shatters the old auction perceptions. with the push of a computer key, each person has the ability to purchase only as much product as needed or wanted on a daily basis. Anyone participating in the "Electronic Auction" will have easy access to view the product at various offloading facilities connected to BASE . The system was designed as a multi-location electronic marketplace. It connects distant buyers and sellers through sophisticated telecommunications to promote fair market value.


BASE...BUYERS AND SELLERS EXCHANGEconsists of a central computer server with database and software designed to integrate individual PC's with a modem to access the central computer via electronic connections. Each individual PC connected to the central server is considered a location within the system. Sales information for each transaction is easily accessible for accounting throughout the central computer. The system is designed to handle an unlimited number of buyers and sellers.



The system is centralized, handling buyer and sellers for all locations connected to BASE. Boats unload daily at designated offloading facilities. The products are immediately inventoried and entered into the central computer. All pertinent information with regard to buying and selling is included in this telecommunications system. For example, each location has the ability to access the central server for specific information including total landings by port, names of the vessels that landed, species and weight.



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The "Electronic Auction" is conducted by a professional auctioneer located at BASE . Products are auctioned according to total landings by port, names of the vessels that landed, species and weight. Every buyer and seller participating in that auction will access the central computer via the individual PC at their location. The accounting software within the electronic auction system tabulates the bids and selects the highest bidder. It will also handle invoicing for products purchased.

Each seller receives a check for products sold.
Each buyer receives an invoice for products
Buyers and sellers, connected to the electronic auction are charged a minimal handling fee.


Contact
50 Homer's Wharf
New Bedford MA 02740
PHONE: 1-508-2273
FAX: 508-994-7722