SOURCE: Global Connexus

October 28, 2008 08:00 ET

Oulu, Finland Plans World's First Center of Expertise for Web Commerce

Learn More About Oulu at "Tomorrow's Wireless World," November 18th at the San Jose Hilton Hotel Featuring a Keynote From Intel Chairman of the Board Craig Barrett

SAN JOSE, CA--(Marketwire - October 28, 2008) - Working in cooperation with Oulu Innovation, Global Connexus today announced that plans are well underway to set up the world's first Web Commerce Center of expertise in Oulu, Finland. The new center will provide companies seeking new Internet business models the resources to develop faster and more efficient Web stores; simplify electronic purchases; reduce the need for working capital; increase ecommerce volumes, and develop a higher standard of customer service.

The Technical Services Department of the City of Oulu has zoned an area in Oulu for industrial and business development. Itella Corporation has announced plans to build a modern sorting facility scheduled to be fully operational in summer 2009. Palmberg-Rakennus Ltd is developing other facilities to provide state-of-the-art logistics.

"This is the time to focus on web commerce as consumers continue to seek virtual shopping and easy electronic purchases," said Samuli Romppainen, former vice president of Erätukku and current web commerce consultant. "A Web Commerce Center in Oulu will bring substantial benefits to companies looking for the opportunity to provide their customers the speed and convenience of Internet shopping."

Web commerce is the fastest growing type of consumer trade in Europe with consumers purchases largely focused in leisure time products, home electronics and interior decoration. In recent years, web commerce has grown at a rate of 20 to 30 percent in Finland against an annual overall retail trade growth of some five percent. However, over 30 percent of the web purchases made by Finns go to web stores abroad.

Web commerce is changing and advancing rapidly as new business models, opportunities and challenges evolve along with the development of the Internet. In the near future, technology enabling virtual worlds and mobile web stores will take a more visible role. Companies making use of Oulu's Web Commerce Center will keep abreast of these new developments and benefit from efficient logistics, digital marketing resources and customer information management and analysis tools, the keys to success in modern web commerce.

The project's partners are the Technical Services Department of the City of Oulu, Oulu Innovation/Invest in Oulu, Oulu Regional Business Agency, Itella Corporation, Palmberg-Rakennus Ltd, University of Oulu, and the Technical Research Centre of Finland VTT.

To learn more about the Web Commerce Center and the newly established Innovation Partnership program launched by the City of Oulu and the City of San Jose, Mayor Matti Pennanen of Oulu, Finland invites you to attend "Tomorrow's Wireless World" on November 18th at San Jose Hilton hotel from 9:30 a.m. - 2:00 p.m. For tickets to this special event featuring a luncheon keynote address from Intel Chairman of the Board Craig Barrett, please contact Victor Vurpillat, Global Connexus at victor@globalconnexus.com.

About Oulu

Oulu is a technology hub of Europe. In this time of digital revolution, Oulu has firmly established itself as one of the world's most significant centers in wireless communication development. Oulu offers a vibrant mix of business, research, and education that continually inspires new companies and products towards success in the world market. Oulu is a great place to develop competence and build success, as demonstrated with more than 800 hi-tech businesses operating in the region, including Nokia, Nokia Siemens Networks, Polar, F-Secure, Wipro and Flextronics. In addition to top-level international business, Oulu is home to many world-class education and research institutions. For more information please visit http://www.businessoulu.com/.

About Oulu Innovation

Oulu Innovation is a non-profit organization that promotes the competitiveness of cutting-edge business expertise in the Oulu region as well as increases the region's attractiveness as an operating environment for skills and business development. The Oulu innovation strategy, Oulu Regional Centre of Expertise program and Invest in Oulu are the most important operations managed by the company. For more information please visit http://www.businessoulu.com/.

About Global Connexus

Global Connexus is an exceptionally well-qualified management consulting firm located in the heart of California's Silicon Valley. The mission of Global Connexus is to deliver a range of business consulting and launch services in North America, Asia and Europe for Finnish companies from the Oulu region of Finland. Global Connexus works closely and in cooperation with the City of Oulu and The Oulu Innovation program. For more information please visit www.globalconnexus.com.

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