Intel's EyeOnMarket and InfoSpace Introduce Location-Based Sales and Promotions Service
December 20, 2000 08:30:00 AM ET
CHANDLER, Ariz., and BELLEVUE, Wash., Dec. 20 /PRNewswire/ -- EyeOnMarket, a leading provider of technology and services for retailers and manufacturers, and InfoSpace, Inc. INSP, a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms, today announced that EyeOnMarket has launched a local merchant sales and promotions channel for InfoSpace and its affiliate network of Web sites.
The two companies will drive location-based commerce services by presenting sales and promotional information for more than 100,000 products and services offered by local merchants and service providers nationwide to consumers through InfoSpace's affiliate network. InfoSpace will distribute local sales and promotions information through its affiliate network of more than 3,200 of the Internet's most popular destinations, many of which are accessible from both wireless and wireline devices.
By selecting the local sales and promotion channel at any one of InfoSpace's affiliates utilizing the service, users can receive information on local brick-and-mortar stores where their desired item is on sale or promotion. Consumers will be able to search a wide array of shopping categories, including electronics, groceries, office supplies, toys, home and garden products, pet supplies, auto parts, furniture, sporting goods, athletic equipment, apparel, as well as services, such as insurance and auto maintenance.
"The average consumer still wants to 'touch and feel' before they buy," said Ganesh Prasad, general manager of EyeOnMarket. "With InfoSpace's vast affiliate network in place, millions of consumers will have instant access to local stores that carry what they're looking for at the best price."
"With InfoSpace's affiliate network of 3,200 of the Web's most popular destinations, we're in a strong position to expose merchants to an extensive audience of consumers," said Chris Matty, InfoSpace's executive vice president of merchant services. "At the same time, consumers benefit from information about local merchants which enhances their shopping experience."
About EyeOnMarket
Based in Chandler, Ariz., EyeOnMarket empowers retailers and manufacturers to deliver a Universal Shopping Experience (USE) to their customers. In partnership with Internet portals, EyeOnMarket consumers can easily find and access featured product information, and the local retail stores and Web sites where they can purchase the item. EyeOnMarket is a venture of Intel Corporation's New Business Group INTC, which was formed to nurture and grow new market opportunities. For more information about the EyeOnMarket network and the company's customized approach to shopping, call (888) 465-6166 or e-mail sales@eyeonmarket.com.
About InfoSpace, Inc.
InfoSpace INSP is a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms. The company provides commerce, information, and communication infrastructure services to wireless devices, merchants, and Web sites. InfoSpace's partners encompass a global network of wireless, PC, and non-PC devices, including cellular phones, pagers, screen telephones, television set-top boxes, online kiosks and personal digital assistants. InfoSpace has relationships with AT&T Wireless, Cingular Wireless, Intel, Virgin Mobile, Verizon Wireless, Hasbro, National Discount Brokers, and Bloomberg LLC, among others. InfoSpace's affiliate network also consists of more than 3,200 Web sites that include AOL, Microsoft, Disney's GO Network, NBC's Snap, Lycos, and ABC LocalNet. InfoSpace is also positioned 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 company recently added 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.
This release contains forward-looking statements relating to the development of the Company's products and services and future operating results, including statements regarding the Company's agreement with EyeOnMarket, 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." 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.
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