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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