An e-marketplace for buyers and sellers of electronic components began its launch process recently. ProcurePoint.com management describes the site as a secure, Web-based marketplace designed for professional purchasers buying for multiple, future deliveries. They say the site will be launched in several phases over the next few months, and that it targets small and midsize contract electronic manufacturers who purchase electronic components from franchised distributors. "Buyers like the fact that we use only authorized distributors and preserve the manufacturers warranty, unlike distressed inventory sold by auction-based exchanges," says Timothy X. Cronin, ProcurePoint's chairman of the board.