NEW YORK--(BUSINESS WIRE)--Oct. 6, 1999--MapQuest.com
(Nasdaq:MQST), a leader in online destination information, announced
today that InfoSpace.com (Nasdaq:INSP), a leading Internet information
infrastructure company, has selected MapQuest.com to be the exclusive
provider of mapping and driving directions for InfoSpace.com and its
affiliate network that consists of more than 1,800 Web sites.
Beginning in 4th Quarter of 1999, InfoSpace.com will add
MapQuest.com's online maps and driving directions to its Web site and
its content services for its affiliate network. InfoSpace.com's
affiliate network consists of over 1,800 Web sites reaching 86 percent
of all Internet users. MapQuest's services will be integrated with
content such as Yellow Pages and White Pages, classified
advertisements, weather forecasts, real time stock quotes and
horoscopes.
"We're delighted to add InfoSpace to our premier list of business
partners," said Mike Mulligan, chairman and chief executive officer of
MapQuest.com. "The fact that InfoSpace.com selected MapQuest.com
technology to provide accurate, reliable directions to both its
visitors and its affiliates reaffirms our strategy to be the leading
provider of destination information on the Web. Through this agreement
we will have the opportunity to extend the distribution of our content
through one of the largest distribution networks on the Internet."
"InfoSpace.com provides its users with comprehensive, integrated
real-world information," said Naveen Jain, chairman and CEO,
InfoSpace.com. "Agreements like this strengthen our ability to deliver
compelling content solutions to both our visitors and our affiliates."
About MapQuest.com
MapQuest.com, Inc. is a leader in destination information
solutions and digital mapping services. The company launched its
popular Web site (www.MapQuest.com) on February 5, 1996. Today,
MapQuest.com receives more than 3.9 million unique visitors monthly1
to its consumer Web site. MapQuest.com also licenses its technology to
over 700 business partners. Through these licensing agreements
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's
diverse network of more than 700 business partners includes: Yahoo
(Nasdaq: YHOO), Lycos (Nasdaq: LCOS), Infoseek (Nasdaq: SEEK), Excite
@Home (Nasdaq: ATHM), AOL Digital City (NYSE: AOL), CitySearch
(Nasdaq: TMCS), Travelocity (NYSE: TSG), Bank of America (NYSE: BAC),
Kinko's, Blockbuster, and Dayton Hudson (NYSE: DH). In July of 1999,
over 12.7 million Internet users accessed MapQuest.com maps and
directions, equating to a 20.2% reach of the entire web audience.(1)
In addition to Web-enabled mapping services, MapQuest.com also
provides high-quality maps and geographic content in digital form for
a variety of vertical industries including publishing, travel, hotels,
real estate and retailers. MapQuest.com is listed on the NASDAQ; the
ticker symbol is MQST.
About InfoSpace.com, Inc.
InfoSpace.com is a leading Internet information infrastructure
company. InfoSpace.com provides enabling technologies and Internet
services for Web sites and Internet appliances. InfoSpace.com's
affiliate network consists of more than 1,800 Web sites. The Company's
affiliates include AOL, Microsoft, Disney/InfoSeek's GO Network, NBC's
Snap, Lycos, go2net Inc., DoubleClick, Dow Jones (The Wall Street
Journal Interactive Edition) and ABC LocalNet, among others. In
addition, the Company provides services to a network of Internet
access devices including PCs, cellular phones, pages, screen
telephones, television set-top boxes, online kiosks, and personal
digital assistants. These include relationships with Acer America,
AT&T Wireless, Nokia, Nextel, Sprint, Mitsui, Lucent, and @Home.
This press release includes certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995 concerning each company's business, operations and financial
condition. Such forward-looking statements are subject to various
known and unknown risks and uncertainties and each company cautions
you that any forward-looking information provided by or on behalf of
such company 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 such company'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) such company'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 each company's Securities and Exchange
Commission filings. All such forward-looking statements are current
only as of the date on which such statements were made. Neither
company undertakes 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.
(1) Media Metrix, July 1999
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CONTACT: For MapQuest:
Deb Fienberg, MapQuest
212/904-0405
or
Michael Gold, Brodeur Porter Novelli
203/399-8224
or
For InfoSpace.com:
Anne Taylor, Text 100 Public Relations
206/381-3791, x 141
or
Joni Hanson, InfoSpace.com
425/602-0600, x 552 |
