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Snap.com and XOOM.com Forge $75 Million Content and E-Commerce Relationships With HealthGate Data Corp.
Integrated Media Deal Secures Multiple Anchor Tenancies Within Snap.com's Health Channel and Features HealthGate(R) in Snap.com's NBC Television Promotional Campaign
SAN FRANCISCO, Nov. 4 /PRNewswire/ -- Snap.com and XOOM.com Inc. (Nasdaq: XMCM - news) -- key components of the proposed NBC Internet, Inc. (NBCi) -- today announced agreements valued at $75 million with HealthGate® Data Corp., making the company the primary provider of health content within Snap.com's Health Channel and affording HealthGate prominent placement in select Snap.com commercials slated to air on the NBC Television Network.
(Photo: newscom.com )
HealthGate ( healthgate.com ), a leading provider of Internet-based personal health and medical information, will serve as Snap.com's primary anchor tenant within seven major co-branded resource centers within the Snap.com Health Channel, with topics varying from diseases and conditions to men's health and medications.
Additionally, XOOM.com and HealthGate will offer co-branded direct e-commerce offers to HealthGate members, or those online users who sign up specifically for HealthGate content on Snap.com's Health Channel.
As part of the three-year agreements, HeathGate will be featured in select Snap.com on-air advertisements designed to promote the Snap/HealthGate co-branded areas on Snap.com.
''These agreements with Snap.com and XOOM.com will help grow HealthGate's awareness among both Internet users and TV viewers, alike,'' said Bill Reece, Chief Executive Officer and President of HealthGate Data Corp. ''Snap.com's connection with NBC has helped the portal to grow significantly in a short amount of time and is an excellent place to showcase HealthGate's top-notch content and services.''
''This $75 million deal demonstrates the value Snap.com and XOOM.com can bring to Internet companies looking to match quality content and services with a mass audience both on-air and online,'' said NBCi President and COO-Designate, Edmond Sanctis, current Chief Operating Officer of Snap.com. ''HealthGate's top-quality content will expand and enhance the breadth and depth of information currently offered on Snap.com, furthering Snap.com's commitment to bring our users and members the best of the Internet.''
''The type of user drawn to HealthGate's sophisticated content is a perfect consumer match for XOOM.com's highly-targeted direct e-commerce offers. XOOM.com is pleased to be working with such forward-looking partners as Snap.com and HealthGate,'' said NBCi Chief Executive Officer-designate, Chris Kitze, current Chairman of XOOM.com.
The Snap.com Internet portal is slated to be merged with several of NBC's Internet assets and XOOM.com, Inc., one of the fastest growing community-based sites on the Web and a leading direct e-commerce services company, to form NBCi, which will use Snap.com as its umbrella consumer brand, integrating portal, community and e-commerce services. NBCi will be one of the first publicly traded Internet companies combining these services in a strategic relationship with a major broadcast television network, subject to approval by the stockholders of XOOM.com.
About HealthGate Data Corp.®
HealthGate Data Corp. provides health and medical information over the World Wide Web, helping healthcare professionals, patients and health-conscious consumers make better informed healthcare decisions. To assist these users, HealthGate has aggregated and developed extensive content libraries, comprising over 300 different content sources with over 27 million different pages of health and medical information. HealthGate distributes its value-added content through its own Web sites, customized, co-branded CHOICE® Web sites developed for hospitals and other enterprises, third party Web sites to which content is syndicated, and its activePress web-enabling service used by print publishers. For more information, visit the HealthGate Web site at www.healthgate.com.
About Snap.com
Snap.com, the Internet portal service company from NBC and CNET (Nasdaq: CNET - news), operates the Snap.com flagship portal service ( snap.com ) and Snap.com For Higher-Speed Users ( speed.snap.com ), one of the first-ever rich media services of its kind. Snap.com's Internet portal services offer users powerful ways to organize and find anything on the Internet. Snap.com's Internet portal services feature content from over 100 leading Web publishers, and are distributed by more than 50 Internet Service Providers, telephone and communications companies, PC manufacturers and third-party marketers. At the heart of Snap.com's portal services is a directory of Web sites and over 500 resource centers, built by a team of editors and reviewers to ensure quality, freshness and usefulness. Users may either search the Snap directory by using keywords, or browse through the directory's 16 topic categories.
About XOOM.com, Inc.
XOOM.com, Inc. (www.xoom.com) offers consumers high-quality, free services over the Web, including homepage building, chat rooms, message boards, HTML email, online greeting cards, a Web page counter, clip art and downloadable software. XOOM.com has pioneered direct e-commerce on the Internet by targeting its members with product and service offers relevant to their needs and interests. To date, the company has attracted more than 10.5 million members. XOOM.com, which was founded in September 1996, is headquartered in San Francisco and has offices in New York City, Los Angeles and Paris, France.
This press release contains statements that are forward looking. These statements are based on XOOM.com and HealthGate Data Corp. (together, the companies) expectations of future results as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those listed from time to time in the companies' SEC reports, including but not limited to XOOM.com's Annual Report on Form 10-K for the year ended January 31, 1999 and December 31, 1998, respectively; XOOM.com's Quarterly Report on Form 10-Q for the period ended June 30, 1999; and the registration statement on Form S-4 filed by NBC Internet, Inc., as amended. Important factors that could cause the results to differ materially from those in any such forward-looking statements include: consumer spending and debt levels; interest rates, competitive pressure on sales and pricing; that e-commerce will not be successful; that other strategic alliances may not result succeed; XOOM.com's limited operating history; unpredictability of its quarter-to-quarter results; its unproven business model and dependence on members; risks associated with brand development; its reliance on advertising revenue; intense competition with other Web communities and businesses; the risks of infringement of intellectual property rights; risks associated with acquisitions; and reliance on strategic relationships.
NOTE: ''XOOM,'' ''XOOM.com'' and the ''X-in-circle'' logo are trademarks of XOOM.com, which may be registered in certain jurisdictions.
CONTACT: Robert Silverman, 212-664-2756, or robert.silverman@nbc.com, or Lauren Lum, 415-875-7979, or laurenl@snap.com, both for Snap.com; or Roger Maes of XOOM.com, 415-288-2568, or roger@xoom.com. |
