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National Australia Bank's new economy business incubator and accelerator O2-e Limited has, through a wholly-owned subsidiary, entered into an agreement with Concert, the global joint venture between AT&T and BT, to provide electronic procurement services to SME and corporate entities, focussing initially on Australia and the UK. The platform for the on-line e-procurement service is software developed by Commerce One (C1), a leading provider of e-procurement and e-commerce solutions, and will be hosted by Concert. Accessing the C1 solution through this hosted environment eliminates the need for business to develop and manage their own e-procurement technology and infrastructure. This e-procurement offering has been successfully trialed and tested and will be launched into the market before the end of this calendar year. This is the second major e-commerce partnership entered into by O2-e this year following the alliance with the application service provider Peakhour announced in September. This e-procurement offering highlights the National's commitment to providing innovative solutions that enable it's business customers to participate in and profit from the new economy. About National Australia Bank For further information contact: Julie McBeth 0418 992 485 or Majella Allen 0414 440 305. About O2-e Limited The National established O2-e in June 2000 to facilitate the National Group's participation in profit opportunities flowing from e-commerce and the Internet. In doing so, it is intended to develop a basis for future earnings growth. For further information contact: For further information contact: David Rose (03) 9909 8931 or 0411 045 659 David_Rose@O2-e.com. About Concert For further information visit www.concert.com or contact: Darcy Hausselman, Tel: (852) 2972 25635263. darcy.hausselman@ap.att.com
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