Bit o news on one of INSP's investments.
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DealTime Teams with Altura to Provide Shoppers With Greater Gift-Giving Variety This Holiday Season; CatalogCity.com Joins the DealTime Network
Business Wire - December 02, 2002 10:55
NEW YORK & MONTEREY, Calif.--(BUSINESS WIRE)--Dec. 2, 2002--DealTime(R) (www.dealtime.com), the leading shopping search engine, and Altura International, on behalf of its flagship shopping portal, CatalogCity.com (www.catalogcity.com), have reached an agreement that dramatically increases the range of gift ideas, products, pricing options and merchants available to consumers through the DealTime Network.
Under the terms of the deal, CatalogCity.com merchants' sites, including such top brands as Hammacher Schlemmer, Fisher Price, Harry and David, Oreck, and J. Jill, will now be accessible and highly visible in the DealTime Network, which includes DealTime.com, Shopping.com, AltaVista, Lycos, Excite Network and Earthlink. The alliance expands DealTime's merchant base by 420 merchants, while providing CatalogCity.com's merchant partners with access to the industry's most targeted and cost-effective means of customer acquisition.
"This is a win-win deal for consumers and online merchants alike," said Iggy Fanlo, DealTime's President and Chief Operating Officer. "CatalogCity.com merchants will provide DealTime users across the Web with additional gift ideas and offerings through the gift-giving season and beyond. In return, those merchants will gain access to millions of highly qualified buyers."
"Altura is always seeking opportunities to bring our merchants' products to new customers," added Lee Lorenzen, Altura's Founder and CEO. "DealTime's network of top-tier search and portal partners is a perfect complement to our existing reach, and the service offers the highest online conversion rates and delivers the industry's greatest revenue-per-referral."(a) (a): According to custom research conducted by comScore Networks and
Nielsen//NetRatings.
About Altura International
Founded in September 1997, and partially funded by Bill Gates, Yahoo! (NASDAQ:YHOO), InfoSpace (NASDAQ:INSP), and Amazon.com (NASDAQ:AMZN), Altura International builds and manages custom e-commerce shopping solutions for the largest Web portals, Fortune 500 companies, and major merchants in the mail order and online catalog businesses. Altura has deployed over 50 shopping sites for leading companies such as Yahoo! and MasterCard, among others. Through CatalogCity.com, Altura's flagship shopping portal, consumers are provided easy access to the world's best products and merchants. Building on the strengths of its Altura Merchant Operating System (AMOS) technology and its customer acquisition agreements with hundreds of top name brand merchants, Altura has established itself as the leading developer of e-commerce shopping solutions. Additionally, as the only multi-vendor, multi-lingual and multi-currency e-commerce shopping engine, AMOS fully supports global shopping access as well. Altura-powered malls are located at the most heavily trafficked Internet intersections and are designed to deliver the most satisfying remote shopping experiences for customers around the world. Altura International is a privately held company and is headquartered in Monterey, CA. More information can be found by visiting the company's Web sites at www.altura.com and www.catalogcity.com.
About DealTime
DealTime is the world's leading online shopping search engine, reaching millions of shoppers worldwide every month. Through its Web sites, dealtime.com(R), dealtime.co.uk and other network sites (including AltaVista, Lycos, Excite Network and EarthLink), shoppers compare products, prices and stores across the Web. For merchants and manufacturers, DealTime delivers qualified, in-market buyers and lower customer-acquisition costs. For traffic aggregators, portals and other partner sites, DealTime provides a powerful search engine and superior shopping tools that enable them to more easily monetize their traffic. For consumers, DealTime supplies product information and an easy way to find the right product at the best price. DealTime Ltd. is a multi-national private company, venture-backed by key strategic and financial partners including Bertelsmann, AOL TimeWarner, Bank of America, Bain Capital, Singapore Telecom and others.
Note to Editors: DealTime, DealTime.com and the DealTime logo are registered trademarks of DealTime Ltd.
CONTACT: The Blueshirt Group
(for DealTime)
Krista Thomas, 415/217-4964
krista@blueshirtgroup.com
or
Altura International, Monterey
Greg Marshall, 841/647-6006
gregm@altura.com |
