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Technology Stocks : Switchboard, Inc. (SWBD)

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To: Glenn Petersen who wrote ()1/18/2000 8:39:00 AM
From: Glenn Petersen  Read Replies (1) of 29
 
Switchboard partners with Intuit:

biz.yahoo.com

Tuesday January 18, 8:02 am Eastern Time

Company Press Release

Switchboard and Intuit Partner to Extend Site Builder Program

Switchboard To Add Small Business Web Sites to Its Local Merchant Network

WESTBORO, Mass.--(BUSINESS WIRE)--Jan. 18, 2000--Switchboard Incorporated, the popular Internet directory subsidiary of Banyan Worldwide (NASDAQ:BNYN - news), and Intuit Inc., the leader in e-finance (NASDAQ:INTU - news), today announced a strategic relationship that will add Intuit's Site Builder web sites to Switchboard's local merchant network.

Terms of the relationship also call for Switchboard to provide additional content and services to Site Builder customers in the future.

Switchboard will promote each site on its award-winning CBS Switchboard.com Internet property through integrated links within the Switchboard© Yellow Pages, offering added services like What's Nearbysm, which helps users find additional merchants in an area where they are looking, as well as maps and driving directions to consumers looking for Site Builder businesses.

``There is tremendous synergy in the goals of both Intuit and Switchboard in helping local merchants succeed on the Internet,' said Scott Cook, Intuit executive committee chairman and founder. ``Switchboard's ability to help consumers seek out and visit our customer's web sites through CBS Switchboard.com provides tremendous value in helping complete our Site Builder offerings.'

``Intuit has a longstanding history of success in the small business marketplace and we look forward to providing our Internet expertise to help expand their Site Builder initiative,' said Dean Polnerow, President of Switchboard Incorporated. ``Intuit's customer base is a strong addition to our local merchant network focused on providing consumers with the most comprehensive resource on the Web for finding local business information.'

About Switchboard Incorporated

Switchboard Incorporated is a leading Internet-based local merchant network interconnecting consumers, merchants and national advertisers. Its flagship Web site, CBS Switchboard.com (www.switchboard.com) is viewed more than 50 million times each month by consumers searching for specific products and services and the merchants that provide them.

Switchboard offers a rich suite of online services including yellow and white pages, E-mail and Web site directories, and interactive maps and driving directions. CBS Switchboard has won numerous awards since its launch, including capturing two positions in Yahoo Internet Life's July '99 list of The 10 Supremely Useful Sites on the Web.

Headquartered in Westboro, Mass., Switchboard Incorporated is a majority held subsidiary of Banyan Worldwide (NASDAQ:BNYN - news), with a minority ownership stake held by CBS Corporation (NYSE:CBS - news). Switchboard is a registered trademark of Switchboard Incorporated. ``CBS' and the CBS ``eye' device are registered trademarks of CBS Broadcasting Inc.

About Intuit

Intuit Inc. (NASDAQ:INTU - news) is the leader in e-finance, including financial software and Web-based financial services for consumers and small businesses. Intuit develops and markets QuickBooks©, the most popular small business accounting software; Quicken©, the leading personal finance software; and TurboTax©, the best-selling tax preparation software.

An innovator in delivering Web-based financial tools, Intuit is the leading provider of online tax preparation and filing and online mortgages. Intuit is also breaking new ground as a leader in online bill presentment and payment, and in the delivery of its QuickBooks Internet Gateway platform of connected e-services for small businesses.
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Contact:

Switchboard Incorporated Inc., Westboro
Elaine Haney, Director, Product Marketing, 508/898-1746
ehaney@switchboard.com
or
Intuit
Lorraine Bolster, Public Relations, 650/944-6529
lorraine_bolster@intuit.com
or
Michele Cerza, 650/596-2
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