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Internet web-building firm Scepia from the Eliezer Fishman group, has announced that it has signed an agreement together with project management firm NetSense to establish an e-marketplace for financial products for the German DePfa Bank.

According to the terms of the contract, the project will be carried out in stages. The first stage calls for the establishment and development of an e-marketplace for financial products in emerging markets. The project will then be implemented over time in the bank's overseas branches.

Scepia sources say that the project's first stage is worth $250,000, but that the entire deal is valued at over $1 million. The project will be carried out jointly by the two companies, with NetSense managing the project, and Scepia handling the project's development and design.

DePfa is a leading European bank. Its shares are traded on the Frankfurt Stock Exchange at a company valuation of 2.65 billion Euros.