VSTY partners with Sallie Mae. Nice pop today...whoops, forgot, not public yet.
biz.yahoo.com
Thursday December 23, 10:29 am Eastern Time
Company Press Release
SOURCE: VarsityBooks.com
VarsityBooks.com and Sallie Mae Form Partnership to Provide Cost Savings to College Students and Graduates
Leading Web Destination for America's College Students Named Sallie Mae's Exclusive Book Provider
WASHINGTON, Dec. 23 /PRNewswire/ -- VarsityBooks.com, a leading online retailer of new college textbooks and the most-visited Web site for the college market according to Student Monitor, today announced a partnership with Sallie Mae, the nation's largest source of funding and servicing for education loans. Through this partnership, VarsityBooks.com will provide Sallie Mae's customers with discounts and savings on textbooks and general interest books, extending VarsityBooks.com's reach to millions of potential customers.
VarsityBooks.com will have a co-branded page on its Web site for Sallie Mae customers to locate and purchase their desired books. Sallie Mae will include VarsityBooks.com coupons and savings messages in mailings, emails, and other communications to its student loan borrowers. VarsityBooks.com will also be the exclusive book supplier in the Sallie Mae Mall (www.salliemae.com), the company's new online retail feature, which will provide its borrowers and Web site visitors with discounts on a variety of items. The Sallie Mae Mall is scheduled to launch in early 2000.
``VarsityBooks.com helps to reduce the cost of higher education for college students across the country,' said Eric Kuhn, VarsityBooks.com's president and chief executive officer. ``We are excited about providing Sallie Mae customers -- students and graduates alike -- with savings on their books and access to additional scholarship programs, job services, and communications tools.'
``Sallie Mae is committed to making college affordable and accessible for students nationwide,' said Paul Carey, executive vice president, Sallie Mae. ``Our partnership with VarsityBooks will provide our customers with a convenient, cost-effective means for purchasing books. They will find it a welcome addition to the many online services we already offer.'
VarsityBooks.com, headquartered in Washington, D.C., offers students discounts of up to 40% on new textbooks. VarsityBooks.com recently announced new services in the areas of scholarships, job and career opportunities and communications tools. The company offers a flat-rate shipping fee on all orders, regardless of size, and guarantees delivery within one to three business days.
About Sallie Mae
Sallie Mae, founded 26 years ago, provides funds for education loans, primarily federally guaranteed student loans originated under the Federal Family Education Loan Program (FFELP). The company currently owns and manages student loans for 5.3 million borrowers. Through its specialized subsidiaries and divisions, Sallie Mae also provides an array of consumer credit loans, including those for life-long learning and K-12 education, and business and technical outsourcing services for colleges and universities nationwide. More information about Sallie Mae is available at salliemae.com. SLM Holding Corp. and its subsidiaries other than the Student Loan Marketing Association, are not sponsored by or agencies of the United States.
ABOUT VARSITYBOOKS.COM
VarsityBooks.com, the most visited Web site in the college market according to Student Monitor, is a leading online retailer to college students. The company's services include selling new college textbooks, providing job and scholarship opportunities, and marketing goods and services to the nation's 15 million college students. VarsityBooks.com has sold books to students at over 2,400 colleges and universities nationwide. VarsityBooks.com's carefully selected and trained network of approximately 1,350 student representatives promotes its products and brand on college campuses, enabling VarsityBooks.com to reach students on a peer-to-peer basis. Media Metrix, the leader in Internet and Digital Media measurement, measured VarsityBooks.com as having over 645,000 unique visits in August and over 450,000 unique visits in September-making it the most visited college-oriented Web site* for two months in a row during the fall ``back-to-school' season.
``Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding VarsityBooks.com's business that are not historical facts are ``Forward-looking statements' that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ``Risk Factors' in the company's prospectus.
--CONTACT: Jodi Gershoni, VarsityBooks.com, 202/667-3400, jodi@varsitybooks.com
--Karen Fadden, Cunningham Communications, 617/494-8202, kfadden@ccipr.com
--Denise Rossitto, Sallie Mae, 703/810-7156, denise.a.rossitto@slma.com
* College-oriented Web site has been defined by VarsityBooks.com.
SOURCE: VarsityBooks.com |
