Ask Jeeves (NASDAQ:ASKJ)
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Ask Jeeves and InfoSpace Enter Agreement to Support Excite.com
OAKLAND, Calif., May 20 /PRNewswire-FirstCall/ -- Ask Jeeves, Inc.(R)
(NASDAQ:ASKJ), a leading provider of information retrieval technologies, brands
and Internet advertising services, and InfoSpace, Inc. (NASDAQ:INSP), a leader
in private-label search, online directory and mobile entertainment and
information, today announced that they have entered into an agreement to
mutually support the search and portal functions at Excite.com. The agreement
is part of a comprehensive settlement of litigation involving the site. Under
the terms of the agreement, both Ask Jeeves and InfoSpace will share marketing
costs and revenue from the Excite.com Web search function.
"We look forward to working with InfoSpace to enhance the search experience on
Excite, now that our interests are aligned," said Steve Berkowitz, CEO of Ask
Jeeves, Inc. "Both companies are now in a position to benefit from growing
Excite usage and we expect this will translate into great benefits to Excite
users."
"We are pleased to be working with Ask Jeeves to promote search on Excite.
Leveraging the strengths of the portal and the search box makes sense for both
companies and will allow us to grow traffic and revenues," said Jim Voelker,
chairman and CEO of InfoSpace.
A property of Ask Jeeves, Inc., Excite is one of the top brands on the
Internet, with an aided awareness of more than 70% (Keynote, May 2004). Excite
features one of the Internet's most personalized portals, including a
customizable start page, useful search tools, a popular Webmail platform and
robust content and resources from over 100 leading providers.
Neither company expects this settlement to have a material financial impact.
Cautionary Note regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
the Private Securities Litigation reform Act of 1995. These forward-looking
statements include statements regarding the Excite portal, the agreement
between Ask Jeeves and InfoSpace regarding the Excite portal, and other
statements regarding future features, functionality and anticipated benefits of
the respective product and service offerings of Ask Jeeves and InfoSpace.
Forward-looking statements are not guarantees of future performance, and actual
results, developments or events may differ materially from those referenced in
forward-looking statements. Factors that may cause each of Ask Jeeves' and
InfoSpace's respective actual results, developments or events to differ from
the related forward-looking statements include actual performance under the
agreement by Ask Jeeves and InfoSpace, the progress made and the costs incurred
by each of the companies with respect to the development of their respective
products and services and the timing of market acceptance of those products and
services. A more detailed description of certain factors that could affect
each of Ask Jeeves' and InfoSpace's respective actual results include, but are
not limited to, those discussed in the risk factors described in Ask Jeeves'
Annual Report on Form 10-K for the year ended December 31, 2004 and InfoSpace's
Annual Report on Form 10-K for the year ended December 31, 2004, respectively,
and the respective subsequently filed Form 10-Qs and other public filings made
with the SEC, all of which are available without charge at http://www.sec.gov/.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Neither Ask
Jeeves nor InfoSpace undertakes any obligation to update forward-looking
statements to reflect future events, circumstances, information or
developments.
About Ask Jeeves, Inc.
As the 6th largest global web property (ComScore Media Metrix, March 2005), Ask
Jeeves Inc. delivers world-class information retrieval products through a
diverse portfolio of Web sites, portals and downloadable applications. Ask
Jeeves' search and search-based portal brands include: Ask Jeeves (Ask.com,
Ask.co.uk and es.Ask.com), the Ask Jeeves Japan joint venture (Ask.jp), Ask
Jeeves for Kids (AJKids.com), Bloglines (bloglines.com), Excite (excite.com),
iWon (iwon.com), My Way (myway.com) and Fun Web Products (funwebproducts.com).
Additionally, Ask Jeeves owns the differentiated search technology Teoma, as
well as natural language processing, portal and ad- serving technologies. Ask
Jeeves generates revenue from advertisers seeking to reach the company's
broad-based online audience. Founded in 1996, Ask Jeeves has been a publicly
traded company on the Nasdaq National Market since July 1999. Its headquarters
are located in Oakland, California, with offices throughout the United States,
as well as in Europe and Asia. For more information, visit http://www.ask.com/
or call 510-985-7400.
NOTE: Ask Jeeves, AJinteractive, Ask.com, Teoma, My Way, My Search, My Web
Search, iWon, Excite and Bloglines are trademarks or registered trademarks of
Ask Jeeves, Inc.
About InfoSpace
InfoSpace, Inc. is a leader in private-label search, online directory and
mobile entertainment. InfoSpace consists of two divisions -- Search &
Directory and Mobile. The Search and Directory division uses its unique
metasearch technology to power a portfolio of branded Web sites and provide
private-label search and online directory services. InfoSpace Mobile is a
global provider and publisher of wireless content, including ringtones, games,
graphics and more, as well as infrastructure solutions that help customers
build stronger brands and generate revenue. InfoSpace Mobile distributes its
applications through mobile operators, including Cingular Wireless, T-Mobile,
Verizon Wireless, Nextel, Sprint, Virgin Mobile, Vodafone, O2, Orange, 3, TIM
and Telefonica Moviles. More information can be found at
http://www.infospaceinc.com/.
DATASOURCE: Ask Jeeves, Inc.
CONTACT: Colby Zintl of Ask Jeeves, Inc., +1-510-985-7640, or
; or Darcy Cobb of Dotted Line Comm., +1-310-472-8600, or
, for Ask Jeeves, Inc.; or Amina Suchoski of
InfoSpace, Inc., +1-425-201-8681, or ; or Chris
Loncto of Access Communications, +1-917-522-3524, or , for
InfoSpace, Inc.
Web site: http://www.infospaceinc.com/
Web site: http://www.ask.com/