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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