Answers.com Launches E-Commerce Elements
June 24 2005 - 10:00AM
PR Newswire (US)
Answers.com Launches E-Commerce Elements Shopping.com Provides
Product Information and Price Comparisons for Hundreds of Thousands
of Items NEW YORK, June 24 /PRNewswire-FirstCall/ -- GuruNet
Corporation (AMEX: GRU), creators of the Answers.com answer-based
search engine, is pleased to announce the implementation of its
agreement with Shopping.com (NASDAQ:SHOP) to integrate the
company's extensive online product catalog into Answers.com.
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. To see this in action, visit http://www.answers.com/ and
type in iPod, chocolate, or bracelet. "This partnership represents
a significant step for us and a way to help our users combine
research with the purchase process." explained Jeff Cutler,
GuruNet's Chief Revenue Officer, "It offers an exceptional debut of
a new type of useful content, as well as diversification in our
revenue stream. We believe that the interactive nature of the
e-commerce elements supplements the more standard text ads that we
have been using in Answers.com thus far. We look forward to
developing this approach further with Shopping.com and other
complementary partners." About GuruNet GuruNet Corporation
(AMEX:GRU) operates Answers.com, a leading answer-based search
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, the ability to generate click-throughs
and revenues pursuant to the agreement between the parties, 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 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
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