[2] Egreetings Network and TimeDance Announce Partnership; Egreetings.com Visitors Can Send Free Invitations and Plan Activities All at One Site.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Jan. 18, 2000 Egreetings Network, Inc. (Nasdaq:EGRT), a leading provider of online greetings greetings interj an expression of friendly salutation and gifts, and TimeDance Inc., a top provider of online invitation and activity-planning services, today announced a two-year strategic partnership. Through this relationship, consumers will have a convenient one-stop source for organizing, announcing and managing their events at www.egreetings.com using TimeDance-powered services. The two-year agreement includes a minimum $2.5 million commitment by TimeDance in exchange for substantial promotional and traffic commitments from Egreetings.com. "We are excited to offer TimeDance's activity planning service to the millions of Egreetings members who are turning to us for their event planning Event planning is the process of planning a festival, ceremony, competition, party, or convention. Event planning includes budgeting, establishing date and alternate date (rain date), selecting and reserving the event site, acquiring permits, and coordinating transportation and communication needs," said Gordon M. Tucker, Egreetings CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "By deeply integrating their event-planning capabilities with Egreetings' library of more than 5000 free digital greetings and our new Gift Center, we can offer our members a singularly sin·gu·lar adj. 1. Being only one; individual. 2. Being the only one of a kind; unique. 3. Being beyond what is ordinary or usual; remarkable. 4. Deviating from the usual or expected; odd. convenient way to organize their events and communications. We selected TimeDance over its competitors because of its impressive combination of great user experience, scalability and partner integration capabilities." TimeDance's easy-to-use service includes graphical invitations, RSVP (ReSerVation Protocol) A communications protocol that signals a router to reserve bandwidth for real time transmission. RSVP is designed to clear a path for audio and video traffic, eliminating annoying skips and hesitations. tracking, message boards, maps and even weather information all geared toward making activity planning fun and hassle-free. "We're thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to partner with Egreetings Network which is the largest independent provider of online greetings," said Mark Lazar, Chief Executive Officer of TimeDance. "The Egreetings.com site offers us the opportunity to introduce our invitation and activity planning services to millions of Egreetings.com users who already like to send creative digital mail. We're proud that Egreetings recognized our market leadership in selecting us as their partner in the emerging online activity planning market." Once the new service is launched at Egreetings.com, visitors will be able to plan their parties, send invitations and track RSVP's all on one site. The TimeDance service--like all of the greetings available at Egreetings.com-- will be completely free of charge. About Egreetings Network, Inc. Egreetings offers consumers a simple and convenient way to find and send appropriate greetings and gifts. The Egreetings.com Web site contains over 5000 digital greetings incorporating rich media elements such as graphics, animations and music that consumers can personalize per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. and send for free. Egreetings.com also offers a Gift Center with a wide variety of gifts and digital gift certificates for every occasion. Egreetings Network, Inc. is a Nasdaq-listed company under the symbol EGRT. About TimeDance Inc. TimeDance is the leading provider of online invitations and activity planning services. http://www.timedance.com launched in June 1999 and is changing the way Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f plan parties, weekend getaways, business meetings, and other activities. TimeDance offers an intuitive user interface featuring hundreds of exciting graphical invitation styles. The service provides a variety of easy-to-use tools for managing get-togethers: RSVP tracking, a private message board, integrated maps with directions and weather forecasts, plus scheduling tools to collect guest preferences and identify the best event time. These fun and useful features make TimeDance the complete activity planning service for consumers. Major investors include two of the Internet's top venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , Institutional Venture Partners and Mayfield Fund Mayfield Fund is a venture capital firm located on Sand Hill Road in Menlo Park, California, home to many of Silicon Valley's leading venture capital firms. Mayfield was founded in 1969 by Tommy Davis, one of the first venture capitalists. . TimeDance is a privately held Silicon Valley startup based in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. . This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. These statements may differ materially from actual future events or results. Among the important risk factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks associated with the timing and implementation of the Egreetings/TimeDance service, including technological developments required for effective implementation, the risks of substantial competition in the digital greetings and activity-planning market, the failure of the Egreetings/TimeDance service to gain market acceptance, as well as the risk factors detailed from time to time in the company's periodic reports and registration statements which are filed with the Securities and Exchange Commission. Note to Editors: E-greetings is a registered trademark and Egreetings is a trademark of Egreetings Network, Inc. |
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