BELLEVUE, Wash., Sep 13, 2000 /PRNewswire via COMTEX/ -- InfoSpace, Inc.
(Nasdaq: INSP), a leading global provider of cross platform merchant and
consumer infrastructure services, today announced that the U.S. Securities and
Exchange Commission (SEC) has declared effective the registration statement
covering shares to be issued by InfoSpace in its acquisition of Go2Net, Inc.
(Nasdaq: GNET), clearing the way for final approval by the shareholders of both
companies on October 12.
(Photo: newscom.com )
Together, InfoSpace and Go2Net will create the industry's first leading
infrastructure services company to deliver an end-to-end integrated platform of
applications and technologies for today's rapidly converging media platforms
including narrowband and broadband PCs, TVs, PDAs, pagers, cellular phones and
other Web appliances. In addition, the combination of the two infrastructure
leaders will provide merchants with a comprehensive suite of applications to
take them through the entire lifecycle of a transaction on any device.
"We are extremely pleased to see our proposed acquisition of Go2Net advancing
rapidly towards a final close and we look forward to bringing the transaction
before our shareholders on October 12th," said Arun Sarin, CEO of InfoSpace. "We
are very excited about the overwhelming opportunities created by joining the two
companies which, as a combined entity, will offer what is truly the most
comprehensive suite of cross-platform infrastructure services available today."
About InfoSpace
InfoSpace is a leading global Internet information infrastructure services
company. InfoSpace provides commerce, information and communication
infrastructure services to wireless devices, merchants and Web sites.
InfoSpace's affiliates include a network of wireless and other non-PC devices
including PCs, cellular phones, pagers, screen telephones, television set-top
boxes, online kiosks, and personal digital assistants. These include
relationships with AT&T Wireless, Intel, Ericsson, Nokia, Mitsui and Acer
America. InfoSpace's affiliate network also consists of more 3,100 Web sites
that include AOL, Microsoft, Disney's GO Network, NBC's Snap, Lycos, DoubleClick
and ABC LocalNet, among others.
InfoSpace's recent announcement that they have entered into an agreement
providing for the acquisition of Go2Net positions the company to tap the market
for broadband wired (DSL and cable) and broadband wireless (2.5G and 3G)
services such as interactive gaming, television and other entertainment
services. In addition, the announcement brings full back end payment processing
to InfoSpace's existing commerce services, allowing InfoSpace to offer
everything a merchant needs to conduct the entire lifecycle of a transaction,
one of the key drivers of mobile commerce adoption.
NOTE: This release contains forward-looking statements relating to the
development of the Company's products and services and future operating results
that are subject to certain risks and uncertainties that could cause actual
results to differ materially from those projected. The words "believe,"
"expect," "intend," "anticipate," variations of such words, and similar
expressions identify forward-looking statements, but their absence does not mean
that the statement is not forward-looking. These statements are not guarantees
of future performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict. Factors that could affect the
Company's actual results include the progress and costs of the development of
our products and services and the timing of market acceptance of those products
and services. A more detailed description of certain factors that could affect
actual results include, but are not limited to, those discussed in InfoSpace's
Annual Report on Form 10-K, in the section entitled "Factors Affecting
InfoSpace's Operating Results, Business Prospects and Market Price of Stock Risk
Factors." Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this release.
InfoSpace undertakes no obligation to update publicly any forward-looking
statements to reflect new information, events or circumstances after the date of
this release or to reflect the occurrence of unanticipated events.
SOURCE InfoSpace, Inc. |
