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Tuesday July 6, 4:00 pm Eastern Time
Company Press Release
SOURCE: EBWorld.com
EBWorld.com Secures Partnership with CNET to Drive Online Sales
WEST CHESTER, Pa., July 6 /PRNewswire/ -- Let the games begin. EBWorld.com, the Internet division of Electronics Boutique (Nasdaq: ELBO - news), has signed an agreement with CNET'S Gamecenter.com (http://www.gamecenter.com) as the primary sponsor of the portal's ''Sneak Peeks'' section. EBWorld.com (http://www.ebworld.com), as a ''preferred partner,'' has secured the rights to all banner advertising opportunities in the new release video game-focused section and has secured a significant advertising presence on the ''Video Games'' section.
The online retailer EBWorld.com, which offers video and PC games as well as office, educational and children's software, quadrupled e-commerce sales to more than $1.5 million during the first quarter of 1999 and is on track to eclipse $16 million by the end of the year.
''Part of our strategy is to leverage both the Electronics Boutique brand and our incomparable fulfillment abilities to establish marketing and distribution partnerships with key online organizations,'' says Seth Levy, president of EBWorld.com and CIO of Electronics Boutique. ''CNET is a well-respected Internet pioneer and we're confident this relationship will drive a tremendous number of customers to EBWorld.''
CNET, Inc. (Nasdaq: CNET - news) is at the leading edge of media companies, producing a branded Internet network and television programming for both targeted and general audiences. Online and on television, CNET is the leading authority on computers, the Internet and digital technologies. CNET's network serves millions of users each day. CNET television programming airs on USA Network, the Sci-Fi Channel and in national syndication, as well in 40 foreign countries. CNET effectively owns 40 percent of Snap.com, a search and navigation service for all Internet users, co-owned by NBC. CNET also owns 2.3 million shares of Vignette Corporation, a manufacturer of premier Web publishing software, and approximately 750,000 shares of Beyond.com, the world's leading online software reseller.
Electronics Boutique is the leading specialty retailer of video and computer games and also sells video game hardware, PC productivity software and accessories operating more than 600 stores worldwide.
SOURCE: EBWorld.com
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