CyberShop Partners With Inktomi
JERSEY CITY, N.J.--(BUSINESS WIRE)--April 16, 1999--
Products to be made available to millions through 20 leading portal and destination sites
CyberShop(R) International, Inc. (Nasdaq: CYSP), a leading online retailer, today announced that it has entered into a marketing agreement with Inktomi Corp. (Nasdaq: INKT), developer of scalable Internet infrastructure software, to incorporate its products into the Inktomi Shopping Engine. The Inktomi Shopping Engine will be incorporated into 20 leading portal and destination sites across the Web providing shoppers with fast search access to over two million products.
Under the terms of the agreement, CyberShop will feature items from both its main website, www.cybershop.com, as well as from its electronics.net site, www.electronics.net, the "Biggest Electronics Store Everywhere". This agreement will allow shoppers to have easy access to CyberShop's designer and brand name product, in a variety of categories, at deep discounts of up to 80% off original prices every day, auctions, daily and weekly features, and promotional offerings. Additionally shoppers will have easy access to electronics.net's largest selection of consumer electronics and appliances on the Internet, best price guarantee, top brands and "Monday Madness" specials.
"The Inktomi Shopping Engine is a terrific tool that will help users compare and purchase products on the Web," said Jeff Tauber, CyberShop Chairman and CEO. "The wide distribution for their engine ensures that our products will be seen by millions of potential customers every day."
This agreement follows the Company's recent announcements of a merchandising strategy targeting the flourishing outlet store and off-price categories and of the Company's entry into the online auction arena both on its own site and in partnership with Amazon (Nasdaq: AMZN) Auctions.com. CyberShop now offers designer and brand name product, in a variety of categories, including the addition of men's, women's, and children's apparel, at deep discounts of up to 80% off original prices every day. The Company continues to offer a range of other merchandise including housewares, electronics, toys, luggage, home office, jewelry and watches. The Company sells brand name, first-quality, end-of-season and excess merchandise from brands such as: August Silk, BCBG, Bisou Bisou, Braun, Calvin Klein, Carole Little, Cartier, Cusinart, Dansk, DeLonghi, DKNY, Dolce and Gabbana, Elisabeth, Fendi, Fila, Fubu, Jones NY, Krups, Laundry, Liz Claiborne, Movado, Polo Ralph Lauren, Pooh, Sharp, Tag Heuer, Versace, and XOXO.
Inktomi has now forged agreements with 20 leading portal and destination sites to provide the underlying infrastructure for their online shopping offerings. New partners include FreeServers, FreeYellow.Com, Global DataTel (OTC BB: GDIS), NetGift Registry and Time Inc. New Media. These add to existing partnerships with Infoseek (Nasdaq: SEEK), operator of GO Network, CNET (Nasdaq: CNET) and NBC's Snap, GeoCities (Nasdaq: GCTY), and CNNfn among others. In addition, over 350 of the Web's most prominent merchants have signed on to offer products through the Inktomi Shopping Engine. The current database of over two million products spans 14 categories and merchant partners include barnesandnoble.com (NYSE: BKS), Beyond.com (Nasdaq: BYND), Egghead.com (Nasdaq: EGGS), Outpost.com (Nasdaq: COOL), Reel.com, REI.com and Sports Superstore Online.
This agreement with Inktomi marks the eighth significant strategic relationship CyberShop has established in the last year. In addition to its relationship with Inktomi, CyberShop also has existing marketing agreements with Yahoo! (Nasdaq: YHOO), America Online (NYSE: AOL), Excite (Nasdaq: XCIT), Microsoft's (Nasdaq: MSFT) MSN Shopping, Amazon's Auctions.com and "Shop The Web" properties, Go2Net Inc. (Nasdaq: GNET) and E*Trade's (Nasdaq: EGRP) Shopping Center.
About CyberShop
CyberShop, a leading online retailer, operates three online stores. CyberShop can be found on the World Wide Web at www.cybershop.com, on America Online in their Shopping channel or by using keyword 'cybershop', and in Yahoo! Shopping. electronics.net, CyberShop's joint venture with Tops Appliance City (Nasdaq: TOPS), can be found on the World Wide Web at www.electronics.net. The Company has existing strategic marketing agreements with key portals such as America Online (NYSE: AOL), Excite (Nasdaq: XCIT), Microsoft's (Nasdaq: MSFT) MSN Shopping, Yahoo!(R) Shopping (Nasdaq: YHOO), Amazon's Auctions.com and "Shop The Web" properties and E*Trade's (Nasdaq: EGRP) Shopping Center.
Certain statements contained in this press release are, or may be considered to be, forward-looking statements that involve risks and uncertainties. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements. The forward-looking statements contained herein represent the Company's judgment as of the date hereof. The Company expressly disclaims any intent or obligation to update these forward-looking statements.
About Inktomi
Based in San Mateo, Calif., Inktomi (pronounced INK tuh me), develops and markets scalable software designed for the world's largest Internet infrastructure and media companies. Inktomi's products include the world's largest search engines, online comparison shopping solutions and carrier-class network cache software. Inktomi works with leading companies including America Online, @Home Network, CNET, GeoCities, Intel, RealNetworks, Sun Microsystems, and Yahoo!. The company has offices in North America, Europe, and Asia. For more information, visit www.inktomi.com. |
