Here's one new claim...increased guidance...
InfoSpace Increases Guidance For First Quarter 2002; Increase Attributed in Part to Better Than Expected Results From Its Merchant Business
BELLEVUE, Wash., Mar 18, 2002 (BUSINESS WIRE) -- InfoSpace, Inc. (Nasdaq:INSP), a provider of wireless and Internet software and application services, announced that it is increasing guidance for the first quarter of 2002 and now expects revenues to be $31 million with a pro forma net loss per share of ($0.02) to ($0.03).
This is an increase from the Company's initial first quarter 2002 forecasts of revenues of $28 million and a pro forma net loss per share of ($0.03) to ($0.04). InfoSpace attributes this increase in part to better than expected results from its merchant business.
About InfoSpace, Inc.
InfoSpace, Inc. (Nasdaq:INSP) provides wireless and Internet software and application services. The Company develops software technologies that enable customers to efficiently offer a broad array of network-based services under their own brand to any device.
This release contains forward-looking statements relating to the development of InfoSpace, Inc.'s products and services and future operating results, including statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect InfoSpace's actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors Affecting Our Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
CONTACT: InfoSpace, Inc.
Joni Hanson, 425/201-6100
jhanson@infospace.com
or
Nicole Knowles, 425/201-8930
nknowles@infospace.com
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