SinnerSchrader AG

ots Ad hoc-Service: SinnerSchrader AG SinnerSchrader takes stake in first European eShipping company

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    Hamburg (ots Ad hoc-Service) -    

    Virtual courier and express service LetMeShip starts today/ Second step in venture strategy

    The eCommerce service company SinnerSchrader has taken a stake in the Internet company LetMeShip. The Hamburg start-up combines the services of big international shipping companies like UPS, DHL, TNT and FedEx, in similar fashion to the American companies iShip and Smartship. For the first time customers are able to search for the shipper which can provide the best terms and most effective service for their requirements. All at Starting this summer LetMeShip will start as a business-to-business platform where complete shipping orders can be made. Preparations are also under way to establish subsidaries in other key markets in Europe.

    By participating in LetMeShip, SinnerSchrader Aktiengesellschaft has made another important step in its venture strategy. As eCommerce is booming, more and more Internet shops require a strong and reliable partner to handle their online orders quickly. The fast growing number of eCommerce transactions will also see a rising demand for shipping services. SinnerSchrader holds a stake in the new company's capital. The Hamburg-based eCommerce service provider will contribute its know-how in strategic consulting, implementation and marketing of eCommerce solutions. Like in the first joint venture with the flower distributor Blume 2000, SinnerSchrader works as a catalyst and will support LetMeShip building up a new value-added chain by using the Internet. LetMeShip will help to bring together companies and express services in a faster way. The service is intended mainly for smaller and midsized companies as well as online shops and auction sites.

    The market is huge: In Europe alone this target group generates DM 14 billion worth of express shipments. Already today, LetMeShip provides higher transparency for services and prices in the market. LetMeShip also offers the opportunity to track the status of a shipment at any particular moment. In the future customers will be able to use this service to complete the whole transaction via the Internet. They can select the shipper by best price or delivery time. LetMeShip will not only compare prices and services, it will also offer tools to overcome administrative and technical problems and will help to track shipments of serveral service providers.

    Information on SinnerSchrader at:


    Investor Relations Hero Warrings

    Tel: 040 39 88 55 0 Fax: 040 39 88 55 33

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