TODY News
Friday April 16, 9:15 am Eastern Time
Company Press Release
Today.com Enters Affiliate Agreements With Autoweb.com, Beyond.com and Reel.com
Webware to Contain Instant Product Reselling
PHOENIX--(BUSINESS WIRE)--April 16, 1999--Today.com Inc. (OTC BB:TODY) Friday announced that it has entered into affiliate agreements with Autoweb.com (Nasdaq:AWEB), Beyond.com Corp.(TM) (Nasdaq:BYND) and Reel.com (Nasdaq:HLYW).
These agreements will enable Today.com to become a reseller of thousands of different products. Today.com anticipates building into WebWare the ability for WebWare-powered sites to instantly become resellers and to immediately generate revenue. These agreements will enable Today.com to position itself to provide a complete solution for portal creation.
WebWare is being developed by Today.com to be the Internet's first turnkey portal development software. These new agreements mean that WebWare will provide turnkey reseller programs for each of its clients' portals.
These partner-product reseller programs will be built into WebWare, allowing each WebWare client the opportunity -- with single-step access -- to become a reseller for Autoweb.com, Beyond.com, or Reel.com.
Today.com anticipates hundreds of WebWare clients will choose to be affiliates for these companies. In keeping with its Shared Success model, Today.com will retain a percentage of potential profits, as will WebWare clients.
Lars Nielson Jr., Today.com's vice president of sales and marketing, stated, ''This is very exciting for WebWare clients because these potentially lucrative affiliate opportunities are already pre-established through Today.com. These built-in benefits create additional revenue streams which are immediately available to both WebWare clients and Today.com.''
Nathan Gwilliam, Today.com's president and chief executive officer, added, ''Today.com is taking another major step toward our goal for WebWare to be a ''portal in a box,'' providing the Internet's only complete turnkey solution for developing portals.
''We expect to announce more of these partner-product reseller programs in the near future as part of building the most profitable reseller opportunity for our WebWare clients.''
Today.com Inc. is a Phoenix-based Internet software development company launching WebWare, the Internet's first complete software solution to create specialized Internet portals and next-generation corporate websites. WebWare will contain more than 100 integrated, fully compatible modules, becoming a turnkey, one-stop-solution for Web development.
Today.com's Shared Success marketing model makes the revolutionary WebWare technology affordable by reducing the up-front licensing fee and sharing in the portal's success.
This release may contain forward-looking statements, made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties which might cause the actual results to differ materially from those projected in any forward-looking statements.
Factors which could affect results include the development and introduction of competitive technologies, the market awareness and acceptance of the Today.com technologies, the overall market demand for internet services, the presence of technologically-inferior products and services which are priced or promoted to compete with Today.com services, the ability to attract and retain technical personnel, and the ability of the Company to protect its proprietary information.
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Contact:
Today.com Inc., Phoenix
Jeff Richards, 888/TODAY-COM
investor@today.com
www.today.com
or
HKT Investor Relations, Tempe
Investor Relations, 480/446-8640 or 480/731-9565
hktir@aol.com
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