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Wednesday December 2, 8:29 am Eastern Time
Company Press Release
SOURCE: Open Market, Inc.
Open Market to Provide Cablevision With Internet Commerce Software
BURLINGTON, Mass., Dec. 2 /PRNewswire/ -- Open Market, Inc. (Nasdaq:
OMKT - news), a leading provider of Internet commerce and information
publishing software, today announced that Cablevision, a leading
telecommunications and entertainment company, will use Open Market's
award- winning Internet commerce software, Transact™, to create a
centralized Internet commerce infrastructure for its numerous business
lines.
''Cablevision is committed to help its customers maximize the advantages
of broadband internet access,'' said David Wicks, vice president of New
Media. ''Using Open Market's Transact to commerce-enable the varied
businesses in our broad portfolio of entertainment and retail
properties, provides opportunities for Cablevision and our customers.''
''Cablevision is a significant new customer for Open Market because they
will be taking complete advantage of the networked marketplace to find
and keep new customers,'' said Gary Eichhorn, president and CEO of Open
Market. ''Their plans are innovative and exciting, and we will work very
closely with them to help them achieve success as they roll out their
new offerings.''
Open Market's Transact offers powerful functionality such as complete
order management, online customer service, security, authentication,
record- keeping, flexible purchasing and payment models, and secure
transaction processing, including tax and shipping charges.
About Cablevision
Cablevision Systems Corp. is one of the nation's leading
telecommunications and entertainment companies, with a portfolio of
operations that span state-of-the-art, high-speed multimedia delivery,
subscription cable television services, championship professional sports
teams, and national television program networks. Headquartered in
Woodbury, NY, Cablevision serves more than 3.4 million cable customers
primarily in three core media markets: New York, Boston, and Cleveland.
About Open Market
Founded in 1994 Open Market, Inc. (Nasdaq: OMKT - news) is the
market-share leader in Internet commerce software. Open Market's
high-performance application software products and professional services
allow its customers to engage in business-to-consumer and
business-to-business Internet commerce, information commerce, and
commercial publishing. Among Open Market's distinguished roster of
global customers are 7 of the 15 top domains on the Web, including Time
Warner's Pathfinder.com, major industrials such as Ingram Micro and
Acer, more than 700 publishers including the top 10 commercial
publishers, and 11 of 14 of the world's top national telephone
companies. The company, headquartered in Burlington, Massachusetts, with
offices in Japan, Canada, the UK, France, Germany, The Netherlands,
Italy, and Australia can be reached by calling 1.888.OPEN.MKT or by
visiting openmarket.com.
This news release contains forward-looking statements that involve a
number of risks and uncertainties. Among the important factors that
could cause actual results to differ materially from those indicated by
such forward-looking statements are the company's limited operating
history, delays in product development, development of the Internet
market, changes in product pricing policies, competitive pressures, and
the risk factors detailed from time to time in the company's periodic
reports and registration statements filed with the Securities and
Exchange Commission.
Open Market, Transact, and We ARE Internet Commerce are trademarks or
registered trademarks of Open Market, Inc. in the United States and
other countries. All other names are used for identification purposes
only and may be trademarks of their respective owners.
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