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InfoSpace Mobile To Host Verizon Wireless' New Mobile Web 2.0; Relationship Allows for New Content, Services and Better User Interfaces for Mobile Users
BELLEVUE, Wash. --(Business Wire)-- July 1, 2004 -- InfoSpace Mobile(TM), a leading provider of mobile content, data infrastructure, tools and applications and a business of InfoSpace, Inc. (Nasdaq:INSP) today announced an agreement to host and provide the infrastructure and subscription management capabilities for the new Mobile Web 2.0(SM) offering created and offered by Verizon Wireless, the country's leading wireless service provider.
Verizon Wireless' implementation of the Mobile Web WAP 2.0 portal, hosted by InfoSpace Mobile(TM), brings to mobile devices a rich intuitive user experience. The flexible solution allows users to personalize their mobile experience and provides Verizon Wireless with the capability to offer segmented offerings to their customers.
Additionally, the Mobile Web 2.0 offering provides Verizon Wireless with the ability to easily manage content providers, and generate additional revenue for both content providers and Verizon Wireless through the introduction of premium subscription offerings. In order to create a seamless customer experience, InfoSpace Mobile will manage the subscription management process for all premium content offerings on behalf of Verizon Wireless.
"Verizon Wireless is committed to delivering great information services and value to our customers and is constantly looking for ways to improve upon the wireless experience. Our new Mobile Web 2.0 offering does just that," said Jim Straight, vice president of wireless Internet and multimedia services for Verizon Wireless. "We teamed up with InfoSpace Mobile to help us deliver on our Mobile Web 2.0 vision because they have a solid technology platform to build and manage these new capabilities."
"The Mobile Web 2.0 relationship continues our long-standing relationship with Verizon Wireless and demonstrates our joint commitment to reliable and personalized information services," said Kendra VanderMeulen, executive vice president of InfoSpace Mobile. "Working with Verizon on Mobile Web 2.0 allows us to participate in advancing that cause."
About Verizon Wireless
Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 40 million customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To receive broadcast-quality video footage of Verizon Wireless operations, log onto www.thenewsmarket.com/verizonwireless.
About InfoSpace Mobile(TM)
Infospace Mobile(TM) is a leading provider and publisher of mobile content and applications that make it possible for media companies and content brands to reach a wide audience of wireless subscribers with compelling content and marketing promotions. InfoSpace Mobile's rich catalog of entertainment, information and personalization applications is designed to accelerate widespread adoption of mobile data applications by consumers. These applications and services can be managed and delivered through InfoSpace Mobile's platform that provides carrier-grade solutions harmonized across all leading mobile technologies, networks and devices. InfoSpace Mobile's customers include wireless operators, device manufacturers, retailers and entertainment companies.
InfoSpace Mobile is a division of InfoSpace, Inc (Nasdaq:INSP). More information about InfoSpace Mobile can be found at www.infospacemobile.com. More information about InfoSpace Inc. can be found at www.infospaceinc.com.
This release contains forward-looking statements regarding InfoSpace's wireless business including its agreement and relationship with Verizon Wireless. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. 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 InfoSpace's actual results include future performance of InfoSpace Mobile's platform and its adoption by wireless carriers and other customers, including Verizon Wireless and its Mobile Web offering . A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's most recent quarterly Report on Form 10-Q, in the section entitled "Factors Affecting Our 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 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.
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