as you most all know I trade INSP often, it has been very profitable .. the low float causes quick moves both up and down ...
Jan 10 ends their "quiet" period. I would expect it to test it's high's again, in the 50's
Worth a watch again today
I took position at 33 5/8, near yesterday's close
Company Press Release
SOURCE: InfoSpace.com, Inc.
InfoSpace.com Announces Agreements With e-Commerce Vendors for Deals Valued In The Millions InfoSpace.com Provides e-Commerce Vendors with a One-Point Access to Millions of Internet Users through its Relationship with AOL, MSN, Netscape and 1500 Other Web Sites
REDMOND, Wash., Jan. 5 /PRNewswire/ -- InfoSpace.com, Inc. (Nasdaq: INSP - news) announced today merchant partner agreements with GiftTree and FurnitureFind.com, proving that it is becoming a valuable place for e-commerce vendors to promote their wares. These agreements allow retailers to integrate their products into InfoSpace.com's content and services, reaching the extensive InfoSpace.com network of more than 1500 web sties. InfoSpace.com can be seen at infospace.com.
For the e-commerce vendors, InfoSpace.com's unique syndication model delivers an effective way to reach the massive audience that relies on InfoSpace.com services every day. But the e-commerce vendor isn't the only one to benefit from InfoSpace.com's contextually relevant directory and e-commerce services. For the consumer, InfoSpace.com offers white pages and yellow pages that are fully integrated with e-commerce capabilities. A user looking up a friend in the white pages can find their address and phone number and send flowers,
cards or other gifts to that person. Another user looking in the yellow pages for toys or bookstores near them will be offered the ability to purchase those products online.
''InfoSpace.com is creating innovative ways for consumers and retailers to connect,'' said Naveen Jain, CEO of InfoSpace.com. ''A single relationship with InfoSpace.com allows us to reach millions of users from America Online, Microsoft Network, Netscape, Wall Street Journal, and 1,500 other websites.''
FurnitureFind.com, the world's leading online furniture retailer, considers InfoSpace.com one of the cornerstones of its advertising program. ''The diversity of the InfoSpace.com network is one of the most appealing aspects of our relationship with InfoSpace.com,'' said FurnitureFind.com's CEO, Jeffery Antisdel. ''It greatly improves our ability to reach our target audience.''
InfoSpace.com's tightly integrates its e-commerce capabilities with other content areas, providing yet another benefit to the retailers such as GiftTree, a national wire service for gift basket merchants.
''The level of integration is amazing,'' said Craig Bowen, CEO of GiftTree. ''Not only will consumers be able to find GiftTree products in the online shopping section, but InfoSpace.com makes it possible to request our service in other content areas, as well. InfoSpace.com's consumer reach can't be compared to anyone else.''
About InfoSpace.com, Inc.
InfoSpace.com is the leading aggregator and integrator of unique content solutions for syndication to a broad network of private label affiliates, including existing and emerging Internet portals, destination sites and suppliers of PCs and other Internet access devices, such as cellular phones, pagers, screen phones, television set-top boxes, online kiosks, and personal digital assistants.
The Company's Internet affiliates include AOL, Netscape, Microsoft, Lycos, go2net Inc.'s MetaCrawler, Playboy, Dow Jones (The Wall Street Journal Interactive Edition), ABC LocalNet and CBS's affiliated TV stations. In addition, the Company has development agreements with a number of providers of Internet access devices including PCs by Acer America, Gateway 2000 and Pixel (for Packard Bell NEC), cellular phones by AT&T Wireless and UnWired Planet, pagers by WolfeTech (for Motorola), screen phones by InfoGear, Mitel, Mitsui and Lucent,
television set-top boxes by American Interactive Media, @Home, @World, Lucent, On Command, Planetweb and Source Media, online kiosks by King kiosk platform and Lexitech kiosk platform, and personal digital assistants by AT&T Wireless, InfoGear and UnWired Planet.
About Gift Tree
GiftTree is the leading Gift Basket wire service and provides total gift solutions for individuals and corporations.
GiftTree specializes in unique gift baskets delivered quickly using a network of local boutiques and gift basket retailers. GiftTree is also a leading online provider of flowers, fruit baskets, gourmet foods and gift certificates.
GiftTree is owned and operated by Gift Services, Inc. of Vancouver, Washington. Orders can be placed online at www.gifttree.com or by calling 800-931-3620.
About FurnitureFind.com
FurnitureFind.com is the world's leading online source name brand furniture offered with deep discounts, free basic delivery, low interest rate financing options and nationwide service after the sale. FurnitureFind.com is located at furniturefind.com.
This announcement contains forward looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, history of losses and expectation of future losses, uncertainty of market acceptance, and substantial competition. For
additional information about these and other potential factors that could affect the Company's business and financial results, see ''Risk Factors'' in the final prospectus for InfoSpace.com's initial public offering filed with the Securities and Exchange Commission on December 15, 1998.
CONTACT: Joni Gregory of InfoSpace.com, Inc., 425-882-1602, or jgregory@infospace.com; or Ann Marie Sly of Elgin DDB, 206-287-7136, or asly@elgin.com. |
