Gourmetmarket.com Signs Internet Content Distribution Agreement With Infospace.com
Business Wire - August 17, 1999 10:06
SAN FRANCISCO--(BUSINESS WIRE)--Aug. 17, 1999--
Agreement to Greatly Expand Distribution of GourmetMarket.com
Content
GourmetMarket.com (OTC: BB: WINE) - www.gourmetmarket.com - the leading online culinary marketplace for premium food, wine and cookware, has signed an Internet content distribution agreement with InfoSpace.com (NASDAQ: INSP), a leading Internet infrastructure company providing private label solutions for content, community and commerce. Under this agreement, GourmetMarket.com will extend its reach through InfoSpace.com's affiliate network, consisting of more than 1,800 Web sites.
"Our alliance with InfoSpace.com, a company that has an unduplicated reach of over 85% of all Internet users, is one of the fastest and smartest ways to reach and attract new customers," said Andrew Friedland, vice president, business development, at GourmetMarket.com. "The numbers are astounding."
GourmetMarket.com's alliance with InfoSpace.com, is expected to be implemented within the next few months. Under the agreement, InfoSpace.com will integrate GourmetMarket.com's culinary media content into its private label content services. This will provide distribution of GourmetMarket.com content to the users of InfoSpace.com's more than 1,800 affiliated Web sites, including AOL, MSN and Lycos. In addition, GourmetMarket.com will be featured in InfoSpace.com's Active Shopper private label shopping service.
"We are pleased to make GourmetMarket.com's extensive culinary content available to our millions of users. Combining our cutting-edge technology, specifically designed for Internet-based content services, with their expert and rich information, will add even more value to the real-world information integrated in our private label services we provide our affiliates," said Al Shelley, Director of Business Development at InfoSpace.com.
A leading purveyor of top-of-the-line, difficult-to-find food, wine and kitchenware, GourmetMarket.com's ever-increasing content selection includes streaming video, cooking advice from leading culinary figures, the history of many different countries' indigenous foods and a vast selection of recipes. The Company believes that building a relationship with InfoSpace.com will greatly expand GourmetMarket.com's customer base, considerably widening its distribution. Company principals believe it will also encourage customers to make longer and more frequent visits to the site.
About InfoSpace.com, Inc.
InfoSpace.com is a leading Internet infrastructure company. InfoSpace.com provides private label solutions for content, community and commerce. InfoSpace.com's affiliate network consists of more than 1,800 Web sites and Internet appliances. The Company's affiliates include AOL, Netscape, Infoseek, Microsoft, Lycos, go2net Inc.'s MetaCrawler, Dow Jones (The Wall Street Journal Interactive Edition), and ABC LocalNet. In addition, InfoSpace.com has agreements with a number of providers of Internet access devices including PCs by Acer America and The Pixel Company (for Packard Bell NEC), cellular phones by AT&T Wireless and UnWired Planet, pagers by WolfeTech (for Motorola), screen phones by InfoGear, Mitel, Mitsui and Lucent, television set-top boxes by American Interactive Media, @Home, Lucent, On Command, Planetweb and Source Media, online kiosks by King kiosk platform and Lexitech kiosk platform, and personal digital assistants by AT&T Wireless, InfoGear and Unwired Planet.
About GourmetMarket.com
GourmetMarket.com is a leading online culinary marketplace for premium, hard-to-find food, wine and kitchenware, as well as a culinary resource, providing some of the most comprehensive culinary content on the Internet today. GourmetMarket.com offers more than products for sale; it offers credible, trustworthy advice and recommendations from world-renowned experts about what to buy and why. San Francisco-based GourmetMarket.com (OTC:BB: WINE) is publicly held and currently has more than 150 business and co-marketing partnerships, including a number of leading portals and culinary sites, such as AOL, Yahoo! and Great Chefs(R)(R).
Statements about the company's future expectations, including future revenues and earnings, and all other statements in the press release other than historical facts, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results.
CONTACT: Media Contact:
Michele Keith
GourmetMarket.com
415.759.9898
or
Investor Contact:
C. Lawrence Rutstein
GourmetMarket.com
561.470.6005
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