other witnesses included executives from stamps.com, impact systems and logistics inc.his is an hour and 40 minutes. >> good morning. the committee will come to order. as is traditional within the oversight committee, would like to start by reading our mission statement. we exist to secure to fundamental principles. first, americans have a right to know if the money washington takes is well spent and second, americans deserve an effective government that works for them. art duty is to protect these rights. our solemn response ability is to uphold the government accountable to taxpayers because taxpayers have a right to know what they get from the government. we worked tirelessly in partnership with citizen watchdogs to deliver facts to the american people and a genuine reform to the federal property. as the mission of the oversight reform committee. at this point i would like to recognize myself for an opening statement, which is in a different book. the stats suggest one is not always fair. today we will examine reason that is by a number of private sector companies in

bobby harris is the founder, president and ceo of blue grace logistics, a third party logistics provider. was awarded an inc 50020th fastest growing privately held company. congratulations. that's a big honor. not an honor, you guy desire the work. congratulations. >> thank you. >> let's talk about social media. we talk a lot about it on business to consumer. but i'm a business and i want to talk to another business. what rule does social he'dia have? >> it allows people supporting your brand to engage the other businesses that you're working with. so you are able to talk to them on a day-to-day basis. allows them to know everybody in your company, allows them to not know just your brand but the people behind the brand. >> give me an example. let's make this concrete. give me an example of a company that might do this. >> there's say a large shipping company and they push out a lot of products every day with your company. maybe they have 200 employees, and maybe five of those people are the economic buyers. but at the same time they are usually -- those five are usually engaging two to three people in your

inc. is chief legalrg officer of stamps.com. mr. patrick eidemiller is director of technology at amtech systems. mr. todd everett is chief operating officers of new logistics incorporated. the witnesses will be sworn in before they testify. please rise and raise your right hand. you solemnly swear or affirm that the testimony you are about to give will be the truth, the whole truth, nothing but the truth -? all witnesses answer in the affirmative. be seated.nd you may a housekeeping matter -- it is my understanding that the house will have votes around 10:40. that'll be a long series of votes. so i want to get everything covered by 10:40 so you do not have to sit around for over an hour while we go vote. an i might be able to make earlier flight back to texas. it would be a win-win if you abided by the timer here that gives you five minutes for your testimony. we will then ask questions. your entire written testimony is a part of the record and is available for this committee and others to review. so we will start with mr. cochrane, you are recognized for five minutes. >> good morning, chairman farenthold. thank you for calling this hearing. i name is jame