CHICAGO,
IL – April 4, 2002 – uBid, a leading retail auction and e-commerce marketplace
and majority-owned company of CMGI, Inc. (NASDAQ: CMGI), and The Excite Network
(iWon and Excite), the 8th most trafficked site on the Internet on a
daily basis1, today announced an agreement that integrates all of
uBid’s item listings and categories into the popular Excite and iWon Auctions
destinations.
Under the terms of the agreement, uBid becomes the exclusive
provider of online auctions on behalf of Excite and iWon, allowing their
millions of users the opportunity to bid on relevant auction listings without leaving the Excite or iWon sites,
while actual purchases are transacted through uBid. The co-branded sites offer bidders a variety
of name brand merchandise and product specials. The agreement comprises content integration, sponsorship and
advertising, incorporating uBid's brand and links throughout both the Excite
and iWon Web portals.
“Excite and iWon can now provide
their audience with an exciting, leading-edge auction technology format
featuring brand name merchandise,” said Tim Takesue, acting chief executive
officer of uBid. “As two of the Web’s
leading sites, iWon and Excite will help generate traffic and exposure for the
millions of items available on uBid.
This agreement, coupled with recently announced relationships with other
leading Internet properties, underscores our great product offering as well as
our ability to fulfill needs for other businesses to offer competitive,
full-service auction capabilities.”
In December 2001, uBid became the premier provider of
content and products for the MSN Auctions Channel and expanded its relationship
with MSN’s eShop Merchant Program, to include a permanent anchor position in
computing, electronics, travel, sports and outdoors, home and garden and
collectibles. In addition, uBid announced similar agreements last year with
About, Inc., the 5th largest Web Property according to Jupiter Media
Metrix and AltaVista.
Visitors can simply click on the
Auctions tab on Excite or iWon to gain entry to uBid’s online auction
marketplace, where for a $9 starting bid a customer can stake a claim to
thousands of brand name products daily, ranging from consumer electronics to
travel and events.
uBid, a
majority-owned operating company of CMGI, Inc., is a leading retail auction and
e-commerce marketplace that offers consumers and businesses three ways to buy
and sell. The company’s Internet auctions feature a rotating selection of more
than 12,000 products daily in 16 different product categories, providing
consumers and small to mid-sized businesses with the opportunity to purchase a
wide range of brand name merchandise, often at greatly reduced prices, through
live-action bidding. Product categories include computers; computer peripherals; computer components;
home office; housewares; sports and hobbies; jewelry and gifts; accessories;
off-lease computers; consumer electronics; digital cameras and video; apparel
and linens; home improvement; travel and events; collectibles; and everything
else. In addition to uBid’s own auction listings or uBid
Direct, uBid features uBid Preferred Partner auctions in which consumers will
find products listed by uBid-approved businesses and backed by uBid or brand
warranties. Users can also buy or sell
products through uBid’s Consumer Exchange, in which consumers list their items
for auction with no listing fee.
With more
than 3 million registered users, uBid is committed to providing its customers
with the highest quality auction experience on the Internet and offers supplier
warranties on most consumer products. uBid also meets Better Business Bureau
Online standards, which gives customers the confidence and security to bid
safely online. For more information, visit the company’s Web site at www.ubid.com.
uBid and
uBid.com are trademarks of uBid, Inc.
All other products and services mentioned may be trademarks or service
marks of their respective owners.
1Jupiter Media Metrix Inc. – Media Metrix U.S. Top 50 Web and Digital
Media Properties at Home and at Worked Combined in the U.S. February 2002
Measurement Period
CONTACT:
Denise Mancini
Manager, Public Relations
773-272-4562