Intellesale.com Announces Distribution Agreement With AltaVista
Wednesday May 3, 8:18 am Eastern Time
Company Press ReleaseAltaVista Free Internet Access to be Included with Intellesale Computers
LINCOLN PARK, N.J.--(BUSINESS WIRE)--May 3, 2000-- Intellesale.com Inc., a subsidiary of Applied Digital Solutions (Nasdaq: ADSX - news), today announced a distribution agreement with AltaVista Company, the premier search, media and commerce network at www.altavista.com. Under the terms of the agreement, institutions that purchase ten or more of Intellesale's high-quality, deeply discounted computers will now receive AltaVista's free unlimited Internet access software.
``Intellesale.com's domestic business plan targets institutions such as hotels and hospitals as an under-filled marketplace for discounted new and refurbished computers and related products,'' stated Marc Sherman, President and CEO of Intellesale. ``When institutions don't have an intranet or other internet access into each hotel or hospital room, being able to sell computers with free dial-up internet access is a true value-add. AltaVista's Free Access product is high quality and easy to use. Intellesale.com can now bring this service to over 3.6 million hotel rooms and a million hospital beds nationwide. This new relationship will further enhance our business-to-business sales, which comprised the bulk of our 1999 revenues and EBITDA.''
``Intellesale.com is an exciting new distribution channel for AltaVista Free Access,'' said Bill Keenan, director of AltaVista Free Access. ``Intellesale.com's robust inventory of new and refurbished computers and related products will be a strong platform for the continued expansion of AltaVista Free Access.''
About Intellesale.com, Inc.
Intellesale.com is the leading provider of open-box, overstock, off-lease, new and refurbished computer equipment and related products at deeply discounted prices. The Company sells products online through www.intellesale.com, and other Internet portals, such as C/Net, Amazon.com, Egghead.com, Inc., UBid, and Lycos. Additionally, the Company sells product through traditional distribution channels, including the Intellesale sales force and advertising via catalogs and other conventional media.
About Applied Digital Solutions, Inc.
Applied Digital Solutions is a leading-edge, single-source provider of e-business solutions. The company differentiates itself in the marketplace by enabling e-business through Computer Telephony Internet Integration (CTII)(TM). With five-year revenue growth (from 1994 to 1998) of 64,012%, Applied Digital Solutions was ranked as the fifth fastest-growing technology company by Deloitte & Touche in its 1999 Technology Fast 500 listing. For more information, visit the company's web site at adsx.com.
About AltaVista Company
AltaVista Company is the premier media and commerce network offering Internet users search, shopping and up-to-the-minute news, live video, content, and community resources. The company integrates unique technology, products and services to deliver relevant results faster for both individuals and businesses. AltaVista is building on its heritage of technology and innovative leadership, offering informative services including AltaVista Search, AltaVista Shopping.com, AltaVista Live! personalized portal, and AltaVista Free Internet Access combined with the microportal. AltaVista is a majority-owned operating company of CMGI, Inc. (Nasdaq: CMGI - news) in Andover, MA. AltaVista is headquartered in Palo Alto, CA.
This release contains forward-looking statements which address a variety of subjects including, for example, the expected benefits resulting from the agreement between Intellesale.com and AltaVista. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: AltaVista's products and technologies may not successfully interoperate with those of Intellesale.com; AltaVista may experience difficulties integrating technologies, operations and personnel of recent acquisitions, AltaVista's growth depends upon continued and increased demand for and market acceptance of AltaVista's web sites; and increased competition and technological changes in the markets in which AltaVista competes. For a detailed discussion of these and other cautionary statements, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's Annual Report on Form 10-K for the most recently ended fiscal year.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are `forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
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