SEATTLE, Oct 2, 2000 /PRNewswire via COMTEX/ -- Go2Net, Inc. (Nasdaq: GNET chart, msgs), one of the Internet's
leading providers of Internet applications and infrastructure technologies for both narrowband and broadband
devices, today announced the introduction of the HyperMart Marketplace, a venue providing powerful online
purchasing and selling opportunities for its base of more than one million member businesses. Private label and
co-branded versions of the HyperMart Marketplace will also be distributed for use by third parties.
The new HyperMart Marketplace provides companies with a forum for building and growing their online
business through purchasing, selling and auction platforms, including the leading "reverse marketplace,"
powered by imandi.com.
The HyperMart Marketplace includes three categories, enabling small businesses to purchase or sell products
and services in a customized environment to suit their needs:
-- Reverse Marketplace "Request for Quote" Tab:
The 'Request for Quote' service features the leading reverse marketplace, providing free quotes for goods and
services from local and national sources in 300 merchant categories. HyperMart businesses can now list their
services and products through the "Request for Quote" feature to help drive leads to their online businesses.
Consumers then detail their needs for everything from Web page design to legal services, and affiliated
merchants can compete to deliver products and services tailored to meet the customer's specifications.
HyperMart's "Request for Quote" service is powered by imandi.com, the leading Web-based provider of high
quality sales leads, helping merchants to utilize the Web to grow their business.
-- Business Auctions Tab:
HyperMart businesses can list their products -- and even liquidate excess inventory -- by selling items through
HyperMart Business Auctions. The free auction service features multiple categories, including: Business
equipment and machines; electronics; office furniture and supplies; travel; restaurants and hospitality; services,
and more.
-- Business Shopping "Buy Now" Tab:
HyperMart members have access to great deals under the "Buy Now" tab on computers products, telecom
equipment and office supplies. Products are provided by national retailers: Zones.com, Hello Direct, and Online
Office Supplies, respectively.
About The HyperMart Network
Go2Net's HyperMart is the leading free Web hosting and e-business services network for small businesses, with
more than one million members. HyperMart features free Web hosting for businesses on secure servers; turnkey
e-commerce and transaction processing solutions; online resource centers; a marketplace; and unparalleled
customer support, 24 hours a day, seven days a week. The HyperMart Network includes three free Web hosting
properties serving varying sectors of the small business market: HyperMart (http://www.hypermart.net/),
Virtual Avenue (http://www.virtualave.net/) and FreeYellow (http://www.freeyellow.com/).
About Go2Net, Inc.
Go2Net (http://www.go2net.com/) is one of the Internet's leading providers of Internet applications and
infrastructure technologies for both narrowband and broadband devices. Go2Net licenses its applications and
technologies to strategic partners such as Hasbro, National Discount Brokers, Allegiance Telecom and Digeo
Broadband, a joint venture among Go2Net, Charter Communications and Vulcan Ventures. The company's
HyperMart Network offers small business hosting and e-commerce solutions to more than one million members
worldwide, while Go2Net's Authorize.Net payment-processing platform enables more than 80,000 merchants to
securely process transactions online. The Go2Net Network features MetaCrawler, Silicon Investor, the HyperMart
Network, PlaySite, Dogpile, and 100Hot.
On July 26, 2000, Go2Net signed a definitive agreement to merge with InfoSpace (Nasdaq: INSP chart, msgs), a
leading global provider of cross-platform merchant and consumer infrastructure services.
This announcement contains forward-looking statements that involve risks and uncertainties, including those
relating to the company's ability to grow its user and advertiser base. Actual results may differ materially from
the results predicted and reported results should not be considered as an indication of future performance. The
potential risks and uncertainties include, among others, the company's limited operating history, the
competitive environment in which the company competes, the early stage of the Web as an advertising and
electronic commerce medium, the company's dependence on advertising, sponsorship and commerce revenues,
the company's dependence on strategic relationships to drive traffic to its Web sites, consumer acceptance of
the company's new products and services, the company's ability to develop and integrate new technologies and
services into its existing services and into new platforms, such as broadband, and the increased use of the Web
for commerce. More information about the potential factors that could affect the company's business and
financial results is included in the company's Annual Report on Form 10-K for the year ended September 30,
1999, and the Quarterly Reports on Form 10-Q for the quarters ended December 31, 1999, March 31, 2000, and
June 30, 2000, which are on file with the Securities and Exchange Commission.
CONTACT: Karen Hynes, Public Relations Manager, The HyperMart Network of Go2Net, Inc., 206-357-4456, or
karenh@go2net.com. |
