Kafus Industries Ltd in $100 Million E-Commerce Deal

29 March 2000

After a year of preliminary planning, and in a deal worth up to $100 million in fee revenues, NetCompliance, Inc and Kafus Industries Ltd announced the recent signing of a development agreement for the creation and management of a revolutionary new global electronic B2B e-commerce site. The project is a direct extension of Kafus' corporate mission of promoting the use of sustainability in global business and government procurement. Kafus ( activities include the production of natural fiber composites to replace glass reinforced plastics in automobiles and other key industries, as well as the production of siding and flooring materials from fiber and cement.

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