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Recent publications and industry news seems to indicate that the computer world and e-commerce firms are finally catching up to the foresight of DE Technologies, Inc. founders, Mr. Ed Pool and Mr. Doug Mauer. Several years ago the two founders set off on a journey to digitize the international business transaction so that companies or individuals located across political boundaries could use the Internet to buy and sell directly to one another . The task was quite difficult considering all of the variables and data bases that would be necessary to calculate not only the landed prices but VAT taxes, import duties or other local taxes so the buyer could have a true transaction price. (See Example)
The successful building of such a system would be a first in the history of human commerce. Direct commerce between parties of great distances and global pedigrees had always occurred previously by the utilization of distribution service firms, exporters, importers or combinations of them. Direct Internet sales will eventually provide a highly efficient means to market goods and services at a producer's maximum profitability while affording the buyer the least amount of cost.
The final product that delivered this powerful technology was designated BOES™ or "Borderless Order Entry Systems" and the founders promptly filed for intellectual property protection with the United States Patent and Trademark Office. It is the position of the founders that only BOES™ technology should become the foundation cornerstone for any digital system that engages in global commerce and that the inventors should be able to enforce the protection of the system's capabilities and royalty/licensing fees via the patent laws of the United States Government.
This is indeed significant technology that offers enormous financial rewards and whose time has finally arrived. We encourage all organizations who are involved in building global e-commerce systems or producers who wish to direct sell to businesses or consumers to contact us to negotiate licensing and system management fees.
We invite you to read the following documents which pertain to the BOES™ technology:
(The following files are in Adobe PDF format - Get Adobe® Acrobat® Reader® here)
Information Technology and International Trade Position Paper (298k) - This paper summarizes the requirements for international trade and outlines how BOES™ significantly streamlines international transactions through a standard digitized mechanism for trade.
BOES™ Patentability Paper (144k)- The purpose of this position paper is to explain, first, that the BOES™ technology falls within the scope of inventions that are protected by U.S. patent laws, and, second, that the BOES™ invention deserves such protection.
Security and International Trade Position Paper (123kb) - This paper examines how the patent recently awarded to DE Technologies for BOES™ can help the U.S. government meet its security goals by enabling the creation of a standard e-commerce solution for international trade.
In 1998 for the United States Foreign Commercial Service contracted with DE Technologies to create a model tool to aid in their efforts to help the SMEs bring their goods and services to export. The tool was a success but has yet to implement in the government sector. Utilizing BOES™ concepts, the Electronic Commerce Backbone System (ECBS™) is a new service that brings to the commercial sector enhancements based on the "model" project.
ECBS™ is an Internet/Intranet based international transaction system that allows small and medium sized enterprises (SMEs) to automatically export goods and services without the need for prior exporting experience. ECBS™ digitizes the integrated export transaction thereby eliminating the need for: independent freight forwarding systems, export and import brokers, international consultants, and multi level distribution systems. ECBS™ reduces the costs of ocean and air freight services, banking services, and human resources.
SMEs become members by paying a small membership fee which affords them access to the system. The transactional fees are less than 1%. This capability will allow thousands SMEs to compete effectively in the Import/Export business with "The Big Guys" as the barriers to entry will be lowered tremendously.
ECBS™ technology features allow buyers/sellers to:
- Purchase products in the currency of the destination country.
- View product descriptions in the language of the destination country.
- View digital still or motion video displays of sellers products.
- View auto calculation and price displays for Free Alongside Ship (FAS), Cost Insurance and Freight (CIF) and Delivered Duty Paid (DDP). Features apply to air, land and sea modes of transportation.
- Ensure direct payment of goods via standard electronic methods (phase 1) and via electronic documentary credits (phase2).
Benefits to U.S. companies include:
- Electronic preparation, filing and forwarding of export documentation utilizing Harmonized Tariff Schedule scheduling information.
- Consolidation and leveraging of system freight volumes to reduce carriage charges.
- Establishment of merchant account numbers for Internet based card not present transactions. (For credit card direct consumer sales, phase 1) where necessary, and letters of credit implementation where appropriate (B2B transactions).
- Digitalization of product photographic representations in either still or video formats.
- Reduction in banking charges for documentary credit (phase 2) and credit card transactions.
- Low cost marketing for U.S. exporters to test product acceptability in foreign markets.
- Accelerated new product market introduction.
- Increased profitability by eliminating complex intermediary transaction steps and minimization of multi-tier distribution channels.
- Increased efficiency in transaction orders and payment settlement.
- Single site URL location for participating U.S. exporter products and services.
- Increased market exposure via traditional advertising venues created by the pooling of client resources.
ECBS™ is a fully automated system which offers a virtually hands free exporting mechanism. ECBS™ system administrators provide the liaison with a merchant bank to establish merchant account numbers for qualifying participants. Clients are required to fill out forms for review by a merchant banking operation to establish credit worthiness. Clients will provide boxed (ready for export) product shipping dimensions in order for the auto calculating freight database to compute international shipping charges. ECBS™ system administrators will work one on one with clients to establish other shipping variables such as container loads, full, less than full or reefer loads. Clients will also provide a text product description 200 words or less plus a high quality digital or still photographic product representation. In the event digital images are unavailable, system administrators can provide a scanning service at a nominal fee.
There is complete B2B transactional ability in this system as well.
Technology Reviews and Demonstration Sites: http://www.detechnologies.com/boes
Copyright © 2005 DE Technologies, Inc.