Toshiba Selects InfoSpace Merchant Services and Commerce Platform to Power Expanding Small Business Network
BELLEVUE, Wash., Feb. 8 /PRNewswire/ -- InfoSpace (Nasdaq: INSP - news), a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms, today announced that Toshiba, the world's leading vendor for portable computers, has selected InfoSpace's merchant services technology platform to power its Internet hosting and commerce services for its customer network of hundreds of thousands of small- and medium-sized businesses.
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The new service from the Computer Systems Group (CSG) of Toshiba America Information Systems, Inc. (TAIS), will feature InfoSpace's Web hosting and commerce platform, and is scheduled to launch in the first quarter of 2001.
``InfoSpace is thrilled about the opportunity to extend the distribution of our merchant services platform to Toshiba, a bonafide global leader in the technology sector,'' said Prakash Kondepudi, InfoSpace executive vice president, merchant services. ``We look forward to collaborating with Toshiba to provide its growing base of small and medium-sized business customers with access to our best-of-breed merchant commerce services platform, which will empower these businesses to effectively establish and leverage their presence on the Internet.''
InfoSpace Integrated Hosting and Commerce Services
InfoSpace will provide Toshiba's customers with its Web hosting platform which enables small businesses to create and publish their Web sites to the Internet. The hosting service includes disc space on secure servers, valuable statistical information, flexible site management tools, and customer support. Furthermore, the service includes the HyperMart Web storefront and shopping cart creation tools which enable small business to build a customized, professional-looking commerce Web site. Payment services, including a merchant account and payment gateway powered by InfoSpace's payment processing platform, are conveniently integrated into the service, helping merchants set up shop and process transactions on the Internet quickly and easily.
About Toshiba America Information Systems, Inc.
Toshiba continues to be the world's leading vendor for portable computers with 13.9 percent market share worldwide during the third quarter of 2000, according to International Data Corp. The company offers portable, desktop, and server computing solutions for business customers under the Toshiba brand name. For more information call 800-TOSHIBA or visit the company's Web site at www.computers.toshiba.com. Dealer referrals and brochures are located at www.buy.toshiba.com.
Headquartered in Irvine, Calif., with annual sales of approximately $2.5 billion, Toshiba America Information Systems (TAIS), Inc. is comprised of six divisions, organized into two business groups, which manufacture, market and service a wide range of business and information-oriented products in the United States and Latin America. Products include portable and desktop computers, PC servers and storage subsystems; voice-mail systems; digital business telephone systems; interactive voice-response systems; network systems and digital cameras. TAIS is an independent operating company owned by Toshiba America Inc., a subsidiary of the $52 billion Toshiba Corp., the eighth-largest computer and electronics company and the world's 26th largest industrial corporation in terms of sales. Toshiba Corp. is a world leader in high-technology products with more than 300 major subsidiaries and affiliates worldwide.
About InfoSpace Merchant Services
The InfoSpace Merchant Services product suite enables merchants to leverage the wired and wireless Internet to establish a Web presence, promote their businesses, and succeed in conducting commerce through exposure to millions of participating consumers worldwide throughout the InfoSpace network.
About InfoSpace, Inc.
InfoSpace is a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms. The company provides commerce, information, and communication infrastructure services to wireless devices, merchants, and Web sites. InfoSpace's partners encompass a global network of wireless, PC, and non-PC devices, including cellular phones, pagers, screen telephones, television set-top boxes, online kiosks and personal digital assistants. InfoSpace has relationships with AT&T Wireless, Cingular Wireless, Intel, Virgin Mobile, Verizon Wireless, Hasbro, National Discount Brokers, and Bloomberg LLC, among others. InfoSpace's affiliate network also consists of more than 3,200 Web sites that include AOL, Microsoft, Disney's GO Network, NBC's Snap, Lycos and ABC LocalNet. InfoSpace is also positioned to tap the market for broadband wired (DSL and cable) and broadband wireless (2.5G and 3G) services, such as interactive gaming, television and other entertainment services. In addition, the company recently added back-end payment processing to InfoSpace's existing commerce services, allowing InfoSpace to offer everything a merchant needs to conduct the entire life cycle of a transaction, one of the key drivers of mobile commerce adoption.
This release contains forward-looking statements relating to the development of the Company's products and services and future operating results, including statements regarding the Company's agreement with Toshiba that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words ``believe,'' ``expect,'' ``intend,'' ``anticipate,'' variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace.com's Annual Report on Form 10-K, in the section entitled ``Factors Affecting InfoSpace.com's Operating Results, Business Prospects and Market Price of Stock.'' Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace.com undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
CONTACT: Katie Deines of Text 100 Public Relations, 206-267-2020, or katied@text100.com, for InfoSpace.
SOURCE: InfoSpace
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