CGLD,XOOM news
:XOOM.com Adopts Cybergold's Payment System for Online Transactions
SAN FRANCISCO and OAKLAND, Calif., Sept. 30 /PRNewswire/ -- XOOM.com, Inc. (Nasdaq: XMCM), a leading direct e-commerce company, and Cybergold, Inc. (Nasdaq: CGLD), home of the online Earn & Spend Community(TM) (www.cybergold.com), today announced that Cybergold's proprietary payment system will enable XOOM.com's more than 10.2 million members to buy and sell high quality digital content from the XOOM.com Web site ( xoom.com ).
XOOM.com will implement Cybergold's payments system on its Media Sharehouse ( mediasharehouse.com ), a free online service that allows XOOM.com members to store, share and showcase any type of digital media file, including MP3 audio files, games and streaming video clips. Cybergold's payments system will enable XOOM.com members to buy and sell digital content directly from Media Sharehouse using Cybergold's online payment technology.
XOOM.com members will receive Cybergold "Earn and Spend" rewards when purchasing products from the XOOM.com Web site. "Earn and Spend" rewards are actual cash that can be used to purchase digital content, services and products such as software, music, credit reports and publications.
"We are thrilled to have the opportunity to offer Cybergold's Earn and Spend capabilities to XOOM.com's 10.2 million members," said Cybergold founder and CEO Nat Goldhaber. "XOOM.com's approach to content and e-commerce is one of the Internet's great success stories -- their rapid growth is nothing short of remarkable."
"Cybergold's payment technology is enabling us to enhance our e-commerce capabilities and provides our members with new purchasing options," said Jody Sherman, vice president of business development of XOOM.com. "We are always looking to provide our members with more ways to easily buy products from our Web site."
About Cybergold, Inc.
Cybergold is a leading provider of Internet-based direct marketing and advertising solutions, including incentive programs which reward consumers with cash for their attention or specific response to ads and promotions. Cybergold's business revolves around its Earn & Spend Community(TM), where its over 3 million members can use the incentive money they earn to buy digital content, services and products. The company's pay-for-performance service offers advertisers and online merchants lower, more predictable customer acquisition costs. Cybergold consistently ranks among the 100 most visited Web sites, according to PC Data Online. Cybergold's partnerships include: Visa USA, MBNA, AOL, EarthLink, E*TRADE, Quintel and Autobytel. It counts Intel among its corporate investors. Headquartered in Oakland, California, Cybergold also has offices in Dallas, New York, and Washington D.C. Cybergold's stock is publicly traded on the NASDAQ under the symbol CGLD. For more information, visit www.cybergold.com.
About XOOM.com, Inc.
XOOM.com, Inc. ( xoom.com ) offers consumers high-quality, free services over the Web, including homepage building, chat rooms, message boards, HTML email, online greeting cards, a Web page counter, clip art and downloadable software. 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 10.2 million members. XOOM.com, which was founded in September 1996, is headquartered in San Francisco and has offices in New York City, Los Angeles and Paris, France.
XOOM.com, one of the fastest growing community-based sites on the Web and a leading direct e-commerce services company, is slated to be merged with several NBC Internet assets and Snap.com, Inc., the fastest-growing major Internet portal, to form one of the first publicly traded Internet companies combining these services in a strategic relationship with a major broadcast television network. The new company, to be called NBC Internet (NBCi), will use Snap.com as its umbrella consumer brand, integrating broadcast, portal and e-commerce services.
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 the Company's expectations of its 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 Company's Annual Report on Form 10-K for the year ended December 31, 1998; the Company's Quarterly Reports on Form 10-Q for the periods ended March 31, 1999 and June 30, 1999; and the registration statement on form S-4 filed by NBC Internet, Inc. 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 its quarter-to-quarter results; its unproven business model and dependence on members; risks associated with its international operations; its reliance on a network infrastructure; its dependence on vendors and suppliers; management of its growth and expansion; risks associated with brand development; its 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.
/CONTACT: Lisa Tarter of XOOM.com, 415-288-2652, or ltarter@xoom.com; or
Ted Price of Niehaus, Ryan, Wong Inc., 650-827-7016, or ted@nrwpr.com, for
Cybergold, Inc./
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 139295/
/Web site: cybergold.com
/Web site: xoom.com
(XMCM CGLD) |
