Shopping.com Teams with MSN Shopping to Provide Access to Millions of Products Online
Tuesday, August 02, 2005
BRISBANE, CA /PRNewswire-FirstCall via COMTEX/ - Shopping.com (Nasdaq: SHOP), a global leader in online comparison shopping, announced today that it has formed an alliance with MSN (Nasdaq: MSFT) to provide users of MSN Shopping with access to millions of products from thousands of online merchants. MSN chose Shopping.com because of the comprehensiveness of its merchant base, in particular, its relationship with smaller merchants necessary for MSN Shopping to offer coverage in a diverse range of categories.
"By adding Shopping.com's selection to the new MSN Shopping, we're providing our site's visitors with a richer online shopping experience," said Jim Barr, general manager of MSN Shopping. "One of the keys to creating a successful product search and comparison shopping service is offering the widest possible selection of merchants. Shopping.com brings us quality online retailers that our shoppers demand."
Shopping.com is providing MSN Shopping with access to merchants across its product categories, including consumer electronics, home and garden, media, sporting goods, clothing and jewelry. Although 80 percent of the world's top 300 retailers are part of the Shopping.com merchant network, that network and the offers it represents cover more than 10,000 merchants.
"Our strategic partners value the breadth and depth of our global shopping catalog," said Lorrie Norrington, president and CEO of Shopping.com. "In turn, our merchants benefit from the addition of millions of potential new customers who view their products online."
In June 2005, Shopping.com announced that it was being acquired by eBay. The acquisition is expected to close in the third quarter of 2005.
About Shopping.com
Shopping.com is a global leader in online comparison shopping, with sites in the U.S., the U.K. and France. With a average of more than 50 million worldwide unique visitors per month between January and June 2005 (Source: comScore Media Metrix), it is the third largest shopping destination on the Web. The company's mission is to help shoppers everywhere use the power of information to find, compare and buy anything.
Safe Harbor Statement
This release contains forward-looking statements, including statements regarding our future business opportunities and benefits to our merchants. These forward-looking statements are subject to risks and uncertainties, and actual results could differ materially due to many factors, including our ability to forecast consumer behavior and recognize or respond to emerging trends, competitive factors, the market acceptance of our new products and product enhancements, and other risks and uncertainties. Please consult the various reports and documents filed by Shopping.com with the U.S. Securities and Exchange Commission, including our annual and quarterly reports on Form 10-K and Forms 10-Q for factors that may affect the company's future financial results. All forward-looking statements are made as of the date hereof and Shopping.com does not undertake any responsibility to update or revise any forward-looking statement provided in this release.