Monday March 15, 9:06 am Eastern Time
Company Press Release
Corporations Embrace ComputerLiteracy.com's FindITnow Intranet Bookstore Program
Business-to-Business E-Commerce Solution Gains Momentum
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 15, 1999--In a groundswell of customer approval, ComputerLiteracy.com (Nasdaq:CMPL - news), today announced it has added more than 60 new customer accounts representing a potential audience in excess of 500,000 individuals since the launch of its business-to-business e-commerce initiative, the FindITnow corporate intranet bookstore program. ComputerLiteracy.com, the leading Internet retailer of books, training materials and documentation for professionals, launched the FindITnow program last November, addressing the massive demand for business-to-business e-commerce solutions, which is projected to exceed $1 trillion by the year 2003, according to Forrester Research.
The FindITnow intranet bookstore program has hit the market at a time many organizations are seeking to reduce costs by moving to online purchasing models. Since last November, ComputerLiteracy.com has created and launched custom FindITnow sites for industry leaders, global corporations and Fortune 1000 firms including 3Com (Nasdaq:COMS - news), Adobe (Nasdaq:ADBE - news), Bank of America, Compaq (NYSE:CPQ - news), KLA-Tencor (Nasdaq:KLAC - news), Netscape (Nasdaq:NSCP - news), Network Associates (Nasdaq:NETA - news), Oracle (Nasdaq:ORCL - news), Philips (NYSE:PHR - news), SAS Institute Inc., Seagate (NYSE:SEG - news), Siemens Information and Communication Networks, Unwired Planet, Verifone, Xerox PARC and others.
ComputerLiteracy.com's commitment to customer service and integration with all systems makes FindITnow an easy and seamless addition to any corporate network. Each co-branded FindITnow bookstore is custom-designed to address the specific needs of professionals within the organization. The site can be accessed by all employees from the corporate network.
Sally Peters, technical services supervisor for Xerox PARC, said, ''ComputerLiteracy.com's FindITnow program allows us to offer our employees a convenient resource for technical information at a great discount, keeping us within the parameters of our internal guidelines and budget.''
''ComputerLiteracy.com is quick to respond to any question or challenge we throw at them,'' said Cynthia Hill, manager of SunLibrary at Sun Microsystems, Inc. ''ComputerLiteracy.com has custom-designed our storefront to feature the most frequently used resources required by our technical professionals and created an elegant system whereby we can track and approve employee orders.''
Jane Bomberger, librarian for Inprise Corporation, said, ''ComputerLiteracy.com is a technical librarian's dream come true -- quick turnaround time, extraordinary sales staff, excellent customer service, and valuable added content. There's no comparison with other online bookstores.''
3Com corporate purchasing representative Ululani Pomroy said, ''One of the main reasons 3Com has chosen ComputerLiteracy.com as its preferred supplier is the customer service that we receive. Employees feel very comfortable calling up the customer service team, and they get quick responses. Other reasons include shipping discounts and fast delivery of the products.''
Jim Dickson, buyer for SAS Institute Inc. said, ''ComputerLiteracy.com shows its commitment to customer service by offering a site that is attractive, accurate, and easy to use.''
About FindITnow
Introduced last fall, ComputerLiteracy.com's FindITnow intranet bookstore program allows businesses to provide customized professional bookstores within their corporate networks, providing every employee with a quick, easy way to find and order technical and business resources specific to individual needs. In addition, the FindITnow program integrates with existing business processes to give organizations control over procurement. The program offers personalized service by a designated ComputerLiteracy.com account manager and unique expertise in professional, technical and business books, training materials and documentation. Significant cost savings can be obtained through FindITnow by leveraging the corporate discount program, the corporate intranet and existing processes.
About ComputerLiteracy.com
Computer Literacy, Inc. is the leading online retailer of information resources singularly focused on professionals. Best-known for its expertise in the technology industry, Computer Literacy delivers the broadest, most comprehensive selection of professional books and resources to organizations in the business and finance, engineering, science, mathematics and technical fields. The company offers discounts of up to 40 percent on books and resources, and all in-stock orders placed by 4 PM PST ship the same business day. Visit Computer Literacy on the Web at www.computerliteracy.com.
This announcement may contain forward-looking statements that involve risks and uncertainties including, among others, ComputerLiteracy.com's limited operating history, anticipated losses, the unpredictability of its future revenues, competition, risks associated with system development and operation risks, management of potential growth, and risks of new business areas, international expansion, business combinations, and strategic alliances. Actual results could differ materially from those discussed. More information about factors that potentially could affect ComputerLiteracy.com's financial results is included in the Company's filings with the Securities and Exchange Commission, including its Registration Statement filed on Form SB-2 on November 19, 1998, as amended. All forward looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements.
Note to Editors: All company and product names may be trademarks of the respective companies with which they are associated.
Contact:
A&R Partners Amy Nemechek, 650/363-0982 ext. 3930 anemechek@arpartners.com
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