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NeweggBusiness Gets GSA Schedule Contract

Los Angeles-based online technology retailer Newegg reports this morning that its B2B subsidiary, NeweggBusiness, has been awarded a General Services Administration (GSA) Schedule contract. The company said the contract will enable it to grow its revenues from agencies of the U.S. government. GSA Schedules enable government agencies to bypass drawn out competitive bidding and contract negotiations for a pre-approved list of products, where pricing and terms have already been vetted and negotiated.