Valley Media Announces Fulfillment Deal With Shopping.com
WOODLAND, Calif., Sep 30, 1999 (BUSINESS WIRE) -- Valley Media, Inc.
(Nasdaq: VMIX), a recognized leader in the full-line distribution of
music and video entertainment products, today announced details on a
recently signed fulfillment agreement with Shopping.com, an
AltaVista(TM) company. Under the terms of the agreement, Valley is now
Shopping.com's primary direct-to-consumer fulfillment supplier for
pre-recorded audio, video, and DVD. This is a two-year agreement that
took effect on August 25th, 1999.
"We're very excited about this new arrangement with Shopping.com," said
Ken Alterwitz, Valley's Senior Vice President of Sales & Marketing. "As
their primary supplier, we expect to meet a very high percentage of
their customers' product demands. Our deep selection of over 270,000
items will prove invaluable in this effort. Additionally, Shopping.com
will be leveraging our audiofile(TM) database to enhance their on-line
information offerings. This is a premiere new media account for Valley
and we're very pleased to be working with Shopping.com," added
Alterwitz.
As an Internet fulfillment account, Shopping.com is serviced by
i.FILL(sm), Valley's e-commerce sales division.
"Valley Media's expertise has helped to enable Shopping.com to provide
a more satisfying on-line shopping experience," said Mike Rubin, Vice
President and General Manager for AltaVista E-commerce. "Our Books,
Music and Movies Superstore is redefining the way customers shop on the
Internet."
About Valley Media:
Valley Media (Nasdaq: VMIX) is a recognized leader in Internet
fulfillment and the full-line distribution of music, video, DVD
product, video games, independent distribution, publications and
proprietary database products. Valley Media operates facilities in
seven states with primary distribution facilities in Louisville, KY,
and Woodland, CA, where its corporate headquarters are located.
Additional information regarding Valley Media is available at
valley-media.com.
About AltaVista and Shopping.com:
AltaVista Company is the premier online media and commerce network.
The company integrates unique Internet technology and services to
deliver relevant results faster for both individuals and Web-based
businesses. By combining distinctive AltaVista brand services with
'Best of the Web' partnerships, the AltaVista Network creates the most
satisfying Internet experience. AltaVista is building on its heritage
of technology and innovation leadership, offering award-winning
services including: My AltaVista, AltaVista Finance, FreeAccess, the
AltaVista MicroPortal, AltaVista Search, AltaVista Local Portal
Services, and AltaVista's Shopping.com. For more information, visit
AltaVista at altavista.com. AltaVista is a majority-owned
subsidiary of CMGI Inc. (Nasdaq: CMGI).
AltaVista and Zip2 are registered with the U.S. Patent and Trademark
Office, Shopping.com and Homebase are trademarks of AltaVista Company
or its affiliates. Product names mentioned herein may be trademarks
and/or registered trademarks of their respective companies.
This press release may contain forward-looking statements made pursuant
to the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These statements are identified by words such as
"will," "expects," "anticipates," "plans," or "intends" and by other
descriptions of future circumstances or conditions. Actual results may
differ materially from those projected in these forward-looking
statements. Factors that could affect Valley Media's actual results
include, without limitation, risks and uncertainties related to the
following factors: intense competition, customers' ability or
preference to buy product direct, facilities and systems integration
upgrades, new electronic delivery technologies and copyright or royalty
disputes. More information about these and other factors that could
negatively affect Valley Media's financial performance and the value of
its common stock is contained in Valley Media's filings with the
Securities and Exchange Commission, including its Annual Report on Form
10-K. Readers of the 10-K should pay particular attention to the
sections entitled "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and "Factors Affecting Operating
Results."
Copyright (C) 1999 Business Wire. All rights reserved. |
