Business Wire GOURMETMARKET.COM AND @HOME NETWORK TEAM TO CREATE A ONE-STOP-SHOP FOR HIGH-QUALITY CULINARY CONTENT AND E-COMMERCE CAPABILITIES BUSINESS EDITORS SAN FRANCISCO AND REDWOOD CITY, CALIF.--(BUSINESS
--------------------------------------------------------------------------------
SAN FRANCISCO and REDWOOD CITY, Calif.--(BUSINESS WIRE)--
May 24, 1999--
@Home Subscribers Can Look Up Recipes, Watch Culinary Video
Clips, and Purchase Premium Food, Wine, and Kitchenwares from the
World's Leading Manufacturers
GourmetMarket.com (OTC: BB.N:WINE), a leading Internet commerce
site for premium food, wine, and kitchenware products, and @Home
Network (NASDAQ:ATHM.O), the leading provider of high-speed Web
services and open access to the Internet via the cable infrastructure,
today announced a broadband content development and promotional
relationship that will give @Home users access to GourmetMarket.com's
library of culinary video clips, educational cooking articles, recipes
from around the world, and high-quality photographs. This relationship
further enhances @Home's strategy to team with top content providers
to deliver the most compelling broadband Internet experience for all
members of the family in multiple rooms in the home.
Under the terms of the agreement, GourmetMarket.com will be a
premier culinary content provider on @Home's LifeStyle channel as well
as on @Home's Shopping channel. GourmetMarket.com will provide @Home
with its wealth of culinary content and will work closely with @Home
to provide users with a one-stop shop for the best information on
premium food, wine, and kitchenware products online. @Home subscribers
will have "always-on," high speed access to GourmetMarket.com's
culinary content, which includes thousands of culinary video clips,
recipes, and pictures.
"This new partnership with @Home effectively secures
GourmetMarket.com's first broadband distribution partner and is
important in positioning GourmetMarket.com as a leader in the culinary
e-commerce market," said Chanan Steinhart, CEO, president and
co-founder, GourmetMarket.com. "Leveraging @Home's high-speed network
will be the first step for GourmetMarket.com to create a truly
compelling multimedia experience."
"Because consumers can't actually touch, smell or taste an online
product, they want to gather as much information as they can about a
product before making a purchase," said Charles Moldow, vice
president, @Media sales & marketing of @Home Network. "Our
relationship with GourmetMarket.com enables our customers to get top
product information from a well established merchant in a way that
allows them to get a much better feel for the products they are
interested in buying. Leveraging the power of broadband, our
subscribers can access high-quality video, audio, and photographs to
select expert-recommended products, retrieve recipes, and access
educational culinary information."
Users will be able to access GourmetMarket.com's recipe database
of both text and video clips of world-renowned chefs demonstrating
recipes. One significant advantage of using @Home's network
infrastructure to deliver video is that the viewer can select
particular steps or techniques of a recipe to watch and learn, placing
control in the hands of the user. They will also be able to read and
view photographs of educational articles on the history, culture and
production of regional specialties from around the world, including
wine, olive oil, coffee, ikebana (Japanese tea ceremony) and many
others.
@Home Network
Based in Redwood City, California, @Home Network (Nasdaq: ATHM.O)
distributes high-speed Internet and Web services to residences and
businesses using its own network architecture and a variety of
transport options including the cable industry's hybrid-fiber coaxial
infrastructure. The cable connection provides users significant
increases in speed over conventional Internet services and open access
to the Internet. Leveraging the "always on" attributes of cable, @Home
allows for unique multimedia applications that go beyond current Web
experiences. Individuals seeking additional information about
availability and subscription can refer to the @Home Network Web site
(www.home.net). Since its founding in 1995, @Home Network has reached
affiliate agreements with 21 leading cable companies worldwide,
including AT&T Broadband and Internet Services, Bresnan Communications
Company, Cablevision Systems Corp., CasTel N.V., Century
Communications, Charter Communications, Cogeco Cable Inc., Comcast
Corporation, Cox Communications, Garden State Cable, Insight
Communications, InterMedia Partners, Jones Intercable, Jupiter
Telecommunications, Lenfest Communications, Midcontinent Cable Co.,
Palet Kabelcom, Prime Cable, Rogers Cablesystems Limited, Shaw
Communications, and Videon CableSystems, Inc.
About GourmetMarket.com
GourmetMarket.com is a leading online culinary marketplace for
premium, hard-to-find food, wine and kitchenware products, as well as
a culinary resource, providing compelling and comprehensive culinary
content. GourmetMarket.com offers more than products for sale; it
offers credible, trustworthy advice and recommendations from
world-renowned experts about what to buy and why. GourmetMarket.com is
aggressively developing rich media content designed to greatly enhance
users' shopping experience. San Francisco-based GourmetMarket.com
(OTC: BB.N: WINE) is publicly held and currently has more than 150
business and co-marketing partnerships, including a number of leading
portals and culinary sites. For more information, visit
www.gourmetmarket.com.
@Home Network, @Home and the logo are trademarks of At Home
Corporation and may be registered in certain jurisdictions. Enliven
and the E logo are registered trademarks of At Home Corporation. All
other brands and product names are trademarks of their respective
companies.
This press release contains forward-looking information within
the meaning of Section 27A of the Securities Exchange Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject to
the safe harbors created by those sections. These forward-looking
statements concern the anticipated results of the integration of
GourmetMarket.com's services into the @Home service. Those results are
subject to a number of risks and uncertainties, including the
uncertainty of whether subscribers will find GourmetMarket.com's
services attractive or useful; whether the relationship with
GourmetMarket.com will directly influence subscribers' purchase
decisions; and whether the integration of GourmetMarket.com's services
into @Home service will generate revenues for the companies. Actual
results may differ materially due to a number of factors, including:
technological, operational, and financial challenges of developing an
integrated service that subscribers find useful and compelling; the
companies' ability to support this integrated service; the degree of
customer and industry acceptance and support for the service; and the
companies' ability to manage the service. The matters discussed in
this press release also involve risks and uncertainties described from
time to time in @Home's filings with the Securities and Exchange
Commission. In particular, see the risk factors described in @Home's
Form S-3 filed on April 9, 1999 and in its Form 10-K for the year
ended December 31, 1998 filed on February 19, 1999. @Home assumes no
obligation to update the forward-looking information contained in this
press release.
--30--ah/ny* jc
CONTACT: GourmetMarket.com
Media Contact:
Jeneane Crawford, 415/979-0990
or
GourmetMarket.com
Investor Contact:
C. Lawrence Rutstein, 561/470-6005
KEYWORD: CALIFORNIA
INTERNET KEYWORD: COMED COMPUTERS/ELECTRONICS
INTERACTIVE/MULTIMEDIA/INTERNET FOODS/BEVERAGES RETAIL
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
Copyright 1999, Business Wire
|
