Answers.com Partners with Shopping.com
10 May 2005 - 10:30PM
PR Newswire (US)
Answers.com Partners with Shopping.com Content to be Enhanced by
Detailed Product Information and Price Comparisons NEW YORK, May 10
/PRNewswire-FirstCall/ -- GuruNet Corporation (AMEX: GRU), creators
of the Answers.com reference-based search engine, and Shopping.com
(NASDAQ:SHOP), a leading online comparison shopping site, are
pleased to announce an agreement to offer Answers.com users access
to the world's most detailed product catalog online. Whether site
visitors are seeking information on clothing, electronics, jewelry,
tools, books, or items in many other consumer product categories,
the new arrangement enables them to identify, research, compare,
and purchase products as part of their quest for answers. "The fact
that we'll be offering the combined services in one place should
create a whole new level of user benefit," explained Jeff Cutler,
Chief Revenue Officer of GuruNet. "We look forward to working with
Shopping.com and view this collaboration as the first of many such
exciting enhancements to Answers.com, bolstering our usable,
reliable content, and augmenting our revenue stream. We spent our
first quarter developing the Answers.com site, gaining recognition
in the industry, and building significant traffic; now we're ready
to leverage that success by increasing the monetization of the site
in new, efficient and creative ways." Under the agreement,
Answers.com will display product information from Shopping.com as a
supplement to its content library. For instance, looking up "LCD
Projector" on Answers.com will now provide - beyond the Answers.com
complete explanation about the device and its technology - detailed
information necessary for users to decide whether and where to buy
a product, including access to product descriptions, reviews, and
comparisons of merchant prices. Answers.com will receive a portion
of revenues generated when consumers click through to merchants'
sites. "Shopping.com is excited about our new partnership with
Answers.com, as it will allow us to provide even more consumers
with comprehensive, structured product and pricing information
while simultaneously helping to expand the reach and effectiveness
of our merchant community to Answers.com's users," said Iggy Fanlo,
president of worldwide field operations for Shopping.com. The
launch is scheduled for summer 2005. About GuruNet GuruNet
Corporation (AMEX:GRU) operates Answers.com, a leading reference
engine (http://www.answers.com/). Founded in 1999 by Bob
Rosenschein, GuruNet Corporation (http://www.gurunet.com/) provides
patented technology and software tools to access concise
information on demand. More information on GuruNet is available at
http://www.gurunet.com/. About Shopping.com Shopping.com Ltd. is a
leading online comparison shopping service. The Company gathers
product and merchant data from across the Internet, organizes and
structures it into a comprehensive catalog, and presents the
resulting information to consumers in a user-friendly interface.
Shopping.com was launched in 2003 as the new brand and corporate
identity of Dealtime.com, founded in 1997, and Epinions.com,
founded in 1999. Safe Harbor Statement This press release contains
forward-looking statements, including statements regarding
GuruNet's and Shopping.com's future business opportunities. These
forward-looking statements are subject to risks and uncertainties,
and actual results could differ materially due to many factors,
including each of GuruNet's and Shopping.com's ability to forecast
consumer behavior and recognize or respond to emerging trends,
competitive factors, the market acceptance of their new products
and product enhancements, and other risks and uncertainties. Please
consult the various reports and documents filed by each of GuruNet
and Shopping.com with the U.S. Securities and Exchange Commission
for factors that may affect each party's future financial results.
All forward-looking statements are made as of the date hereof and
neither GuruNet nor Shopping.com undertakes any responsibility to
update or revise any forward-looking statement provided in this
press release. GuruNet Contact: Jay Bailey, Director of
Communications, +1-866-576-0352; GuruNet Investor Relations: John
Baldissera, BPC Financial Marketing, +1-800-368-1217; Shopping.com
Contact: Lynn Brinton, VP of Corporate Communications,
+1-650-616-6532 DATASOURCE: GuruNet Corporation CONTACT: GuruNet
Contact: Jay Bailey, Director of Communications, +1-866-576-0352;
GuruNet Investor Relations: John Baldissera, BPC Financial
Marketing, +1-800-368-1217; Shopping.com Contact: Lynn Brinton, VP
of Corporate Communications, +1-650-616-6532
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