HORSHAM, Pa., Oct. 23 /PRNewswire/ -- VerticalNet Markets, a strategic
business unit of VerticalNet, Inc. (Nasdaq: VERT), the Internet's leading
business-to-business e-commerce enabler, announced today that it has formed a
strategic relationship with Dell Computer Corporation (Nasdaq: DELL), to
distribute up to 35,000 VerticalNet(R) storefronts to DellHost's dedicated
server, high-end shared and e-commerce customers. The initial phase of the
program launches today.
Microsoft Corporation (Nasdaq: MSFT) will sponsor the initial 12 months
for each VerticalNet storefront distributed to qualified DellHost(TM)
customers, as a part of Microsoft's previously announced strategic alliance
with VerticalNet. A storefront is a company Internet marketing platform
within an industry-focused VerticalNet community, which is designed to enable
buyers to leave sales leads or purchase a seller's products or services
online.
Small to medium-size business-to-business DellHost customers can sign-up
for a prepaid VerticalNet storefront by logging on to DellHost's Web site
located at www.dellhost.com or by contacting a DellHost representative at
877-335-5467. Current DellHost customers can apply for a storefront online at
www.verticalnet.com/dellhost.
DellHost and VerticalNet have also entered into a marketing agreement,
under which, DellHost will be prominently featured within VerticalNet's
VertSolutions Zone, an online business resource center located in all 57
VerticalNet communities. The two companies will also work together on
advertising initiatives, customer marketing, co-branded links, and other
marketing programs.
"We're pleased to work with a world-class company like Dell," said Joseph
Galli, president and CEO of VerticalNet. "Our two companies share many
synergies, including the shared vision to make e-commerce a viable business
option for any company. We're fortunate that via ourrelationship with
Microsoft we're able to implement programs of this scale that mitigate the
risk and high cost for thousands of companies to bring their business online.
This relationship represents another example of how VerticalNet can scale the
distribution of storefronts through strategic alliances."
"Our goal is to make doing business online easier and more affordable for
small and medium-size businesses," said Tim Mattox, Vice President and General
Manager for DellHost. "VerticalNet's ability to help companies promote their
business in a targeted and easily deployable model will be a significant
benefit to DellHost customers."
VerticalNet Markets
VerticalNet Markets is committed to providing value to buyers and
suppliers by offering deep vertical relevance and leveraging horizontal
scalability. This Unit, comprised of VerticalNet's 57 vertical marketplaces
as well as VerticalNet's core horizontal services, will support commerce,
content and community in a hosted environment and will leverage the resources
of both VerticalNet Exchanges and VerticalNet Solutions to continually enhance
commerce solutions and services.
About VerticalNet, Inc.
VerticalNet, Inc. (www.verticalnet.com) provides end-to-end e-commerce
solutions targeted at distinct business segments through three Strategic
Business Units: VerticalNet Markets includes 57 industry-specific Web sites
designed as online vertical trading communities and provides hosted e-commerce
and community capabilities for corporate divisions and mid-size businesses;
VerticalNet Exchanges focuses on direct material open and spot markets;
VerticalNet Solutions builds digital marketplaces for global 2000 customers,
consortia and neutral Net market makers. VerticalNet International leverages
the Company's three strategic business units to create global Internet B2B
marketplaces, offering products and services internationally and partnering
with companies that have strong local presence and domainexpertise.
This announcement contains forward-looking statements that involve risks
and uncertainties, as well as statements that are preceded by, followed by or
include the words "believes," "plans," "intends," "will," "expects,"
"anticipates," or similar expressions. For such statements, the Companies
claim the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995. Actual
results may differ materially from the results predicted, and reported results
should not be considered as an indication of future performance. Factors that
could cause actual results to differ from those contained in the
forward-looking statements include those factors set forth in each Company's
most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q,
both of which have been filed with the SEC.
VerticalNet and NECX are registered trademarks and/or trademarks of Vert
Tech LLC in the United States and/or other countries.
SOURCE VerticalNet, Inc.
-0- 10/23/2000
/CONTACT: Media: Jessica Cassady, 215-315-3712 or
jcassady@verticalnet.com; or Donna Terp, 215-315-3710 or
dterp@verticalnet.com, or Investors: Muriel Lange, 215-315-3367 or
mlange@verticalnet.com, all of VerticalNet/
/Web site: dellhost.com /
/Web site: verticalnet.com /
/Web site: verticalnet.com /
(VERT MSFT DELL)
CO: VerticalNet, Inc.; VerticalNet Markets; Dell Computer Corporation;
Microsoft Corporation
ST: Pennsylvania
IN: CPR MLM
SU: JVN
FB
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