*****NGWY NEWS*******
XOOM.com Launches Free Electronic Storefront Service for Small Business Owners
XOOM.com Member Stores Allows Users to Build and Promote Their Own Online
Store for Free
SAN FRANCISCO, May 12 /PRNewswire/ -- XOOM.com, Inc. (Nasdaq: XMCM), a
leading direct e-commerce company, today announced the launch of XOOM.com
Member Stores, a free service that allows small business owners to build and
promote their own online stores. The service includes EasyStoreBuilder, a
Web-based application that allows participants to quickly and easily create an
online store, as well as the opportunity to promote their store in the
XOOM.com Member Stores shopping area. XOOM.com partnered with Netgateway Inc.
(OTC Bulletin Board: NGWY), a full service e-commerce provider, to create,
host and manage the electronic storefront service.
XOOM.com members can use EasyStoreBuilder ( xoom.com ) to
create a free online store with up to three different products. It also
includes technical support and instructions on how to establish an
Internet-ready credit card merchant account. Members may elect to upgrade to
a larger storefront for a monthly fee starting at $89.95. Once a store is
built, owners can then promote their store within the shopping area of
XOOM.com Member Stores ( xoommemberstores.com ).
"Unlike our Affiliate Network, which allows home page builders to earn
commissions on XOOM.com sales, XOOM.com Member Stores empowers small business
owners to sell their own products online, whether they already have a Web site
or not," said Stuart Illian, Vice President of Channel Development for
XOOM.com. "Since we have one of the most popular sites on the Web, we can
also help drive traffic to participant's stores via the XOOM.com Member Stores
shopping area."
XOOM.com will promote the service to its more than 7.5 million members and
its visitors. The program provides both an opportunity for small businesses to
quickly and easily participate in the emerging e-commerce marketplace and a
shopping destination for XOOM.com members.
About XOOM.com, Inc.
XOOM.com, Inc. (www.XOOM.com) offers consumers high-quality, free services
over the Web, including homepage building, chat rooms, message boards, HTML
E-mail, online greeting cards, clip art and downloadable software utilities.
XOOM.com has pioneered direct e-commerce on the Internet by targeting its
members with product and service offers relevant to their needs and interests.
To date, the company has attracted more than 7.5 million members, and
according to the March 1999 rankings from Media Metrix, was the 13th most
visited site on the entire Web. XOOM.com, which was founded in September
1996, is headquartered in San Francisco and has offices in New York City and
Paris, France.
NOTE: "XOOM," "XOOM.com" and the "X-in-circle" logo are trademarks of
XOOM.com, which may be registered in certain jurisdictions.
This press release contains statements that are forward looking. These
statements are based on our expectations of XOOM.com's future results as of
the date of this press release. Actual results may differ materially from
those projected because of a number of risks and uncertainties, including
those listed from time to time in XOOM.com's SEC reports including but not
limited to the report on Form 10-K for the year ended December 31, 1998 and
the registration statement on Form S-1. Important factors that could cause
the results to differ materially from those in any such forward-looking
statements include: XOOM.com's limited operating history; unpredictability of
the Company's quarter-to-quarter results; the Company's unproven business
model and dependence on members; risks associated with our international
operations; the Company's reliance on the Company's network infrastructure;
the Company's dependence on vendors and suppliers; management of the Company's
growth and expansion; risks associated with brand development; the Company's
reliance on advertising revenue; intense competition with other Web
communities and businesses; the risks of infringement of intellectual property
rights; risks associated with acquisitions; and reliance on strategic
relationships.
SOURCE XOOM.com, Inc.
-0- 05/12/99
/CONTACT: Roger Maes of XOOM.com, 415-288-2568, or roger@XOOM.com/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 139295/
/Web site: xoommemberstores.com
/Web site: xoom.com
(XMCM NGWY)
CO: XOOM.com, Inc.; Netgateway Inc.
ST: California, New York, France
IN: CPR MLM REA
SU: PDT
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