FedEx, Walgreens and Cendant Select MapQuest.com Technology and Services
Business Editors/High Tech Writers
NEW YORK--(BUSINESS WIRE)--Aug. 3, 1999--
Fortune 500 Companies Continue to Choose MapQuest.com's Quality,
Reliability and Flexibility in Mapping Services--
MapQuest.com, Inc. (NASDAQ: MQST), a leader in advanced mapping
systems, today announced the commencement of new partnership
agreements with FedEx, Walgreens and Cendant. These leading businesses
will incorporate MapQuest.com's mapping technology into their Web
sites, corporate Intranets or enterprise networks.
"We are proud to announce these new additions to our long list of
Fortune 500 business customers," commented Mike Mulligan, president
and CEO of MapQuest.com. "These companies all recognize the importance
of the Internet to support and augment their ongoing operations. Our
customers are turning to MapQuest.com solutions to add value to their
online and offline strategies"
Federal Express
Federal Express Corp. (NYSE: FDX), the world's largest express
transportation company, has licensed MapQuest.com's software to guide
the planning of package deliveries and pick-ups. The new web-based
Intranet application is replacing FedEx's older standalone mapping and
driving directions system designed to improve package delivery service
to FedEx customers.
Walgreens
Walgreens selected MapQuest.com's Web-enabled mapping content to
direct traffic from its Web site to its retail locations.
MapQuest.com's technology will help Walgreens' customers throughout
the United States locate the closest store and obtain door-to-door
driving directions via the Walgreens' Web site.
Cendant
Cendant Corporation is a global provider of consumer and business
services and is the world's leading franchisor of hotels, rental car
agencies, tax preparation services and real estate brokerage offices.
MapQuest.com currently provides the mapping and driving direction
technology for Cendant's real estate, lodging and rental car divisions
for such prominent brands as Century 21, Coldwell Banker, Avis, Howard
Johnson's, Days Inn and many others.
About MapQuest.com
MapQuest.com, Inc. is a leader in advanced mapping systems. The
Company launched its popular Web site (www.mapquest.com) on February
5, 1996. Today, MapQuest.com is receiving more than 3.7 million unique
visitors monthly(1) to its consumer Web site. As part of their
business-to-business services, MapQuest.com helps businesses integrate
maps and driving directions into their Internet, intranet and call
center applications for improved marketing and customer service
functions. MapQuest.com has developed a diverse network of more than
500 business partners, including: Yahoo (YHOO), Lycos (LCOS), Infoseek
(SEEK), Excite (XCIT), AOL Digital City (AOL), CitySearch (TMCS),
Travelocity (TSG), Bank of America (BAC), MasterCard, Kinko's,
Blockbuster, and Dayton Hudson (DH).
In addition to Web-enabled mapping services, MapQuest.com also
provides high-quality print maps to leading brands of reference books,
travel guides and textbooks. It also provides the underlying mapping
and driving direction technology and components to a variety of
vertical industries, such as corporate travel, hotels, real estate and
retailers.
MapQuest.com is listed on the Nasdaq; the ticker symbol is MQST.
MapQuest.com has included in this press release certain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 concerning MapQuest.com's
business, operations and financial condition. Such forward-looking
statements are subject to various known and unknown risks and
uncertainties and MapQuest.com cautions you that any forward-looking
information provided by or on behalf of MapQuest.com is not a
guarantee of future performance. Actual results could differ
materially from those anticipated in such forward-looking statements
due to a number of factors, including (i) the volatile and competitive
nature of the Internet industry, (ii) changes in domestic and foreign
economic and market conditions, (iii) the effect of federal, state and
foreign regulation on MapQuest.com's business, (iv) the development of
competitive Web sites and businesses; (v) MapQuest.com's relative mix
of Internet and traditional and digital mapping businesses, (vi)
MapQuest.com's ability to protect its intellectual property rights and
(vii) the effect of any future acquisitions. Investors are also
directed to consider the other risks and uncertainties discussed in
MapQuest.com's Securities and Exchange Commission filings. All such
forward-looking statements are current only as of the date on which
such statements were made. MapQuest.com does not undertake any
obligation to publicly update any forward-looking statement to reflect
events or circumstances after the date on which any such statement is
made or to reflect the occurrence of unanticipated events.
"MapQuest.com is a privately owned company backed by Trident
Capital, L.P., Highland Capital Partners and Weston Presidio Capital.
(1) Media Metrix, June 1999
--30--eb/sf*
CONTACT: MapQuest.com
Jeff Wolf, 212/904-0400
HYPERLINK mailto:Rpalmer@mapquest.com
jwolf@mapquest.com
or
Wilson McHenry Company
Marta Levison, 650/356-5226
mlevison@wmc.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET
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Aug-03-1999 14:33 GMT
Symbols:
US;MQST DE;MPQ
Source BW Business Wire |
