Buy.com and United Commerce Service -UCS- Announce Strategic Alliance With UGO Networks Inc.Business Editors & High-Tech Writers ALISO VIEJO, Calif.,--(BUSINESS WIRE)--Oct. 14, 2002 Leading Online Network for 18-34-Year-Old Men Now Offers 1.5 Million Computer, Gaming and Entertainment Products Through Buy.com Buy.com and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. United Commerce Service Inc. (UCS (Universal Character Set) An ISO/IEC format for coding character sets. ISO/IEC 10646 was synchronized with Unicode; however, Unicode adds additional constraints, and compliance with 10646 does not guarantee compatibility with Unicode. See Unicode. ), offering e-commerce solutions to companies providing Internet, wireless and interactive TV applications, today announced a strategic marketing alliance with UGO UGO Underground Online (gaming website) Networks Inc., the leading online entertainment network for 18 to 34-year-old men. UCS, which created the online retail solutions technology powering Buy.com, will provide a co-branded Buy.com Store for UGO visitors, offering more than 1.5 million SKUs in 10 categories including top-branded computers, software, electronics, wireless, music, videos, DVDs, games, books and magazines. Under the terms of the agreement, UCS will manage Buy.com's inventory, fulfillment, site content, customer service, Web site hosting and e-mail marketing Email marketing is a form of direct marketing which uses electronic mail as a means of communicating commercial or fundraising messages to an audience. In its broadest sense, every email sent to a potential or current customer could be considered email marketing. for the co-branded site. Through UCS's proprietary, Web-based reporting interface, UGO will also be supplied with real-time sales, click-thrus and conversion rates. UGO (pronounced "Yu-Gee-Oh") is dedicated to the diversions young men obsess ob·sess v. ob·sessed, ob·sess·ing, ob·sess·es v.tr. To preoccupy the mind of excessively. v.intr. over: games, girls, movies, TV, music, sports, technology and animation. Offering a unique perspective on pop culture, UGO's content attracts an audience of 18 to 34-year-old men who have embraced the Internet and rely on it for their information, communication and amusement. UGO reaches one in 10 men on the Web with approximately 10 million monthly unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. . Consistently placing among the Top 50 Internet Properties according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Media Metrix, UGO is a force in the male focused online entertainment category. "UGO, Buy.com and UCS are the perfect partnership," said Sherman Atkinson, president of UCS. "We will offer UGO site visitors the latest name-brand products in all the categories that matter most to males ages 18 to 34, with a wide selection and more competitive prices than any other store in the world. Buy.com products, coupled with the UCS technology and the UGO audience, are a powerful combination." "By providing UGO site visitors with their own store in which to buy the latest electronics, computers and entertainment products, we feel we have greatly increased the value of our users' experience," said J Moses, president and 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. of UGO Networks. "Whether it's the hottest game, the latest DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. or top electronics gadget (1) Slang for any hardware device, typically small. Synonymous with "gizmo." (2) A mini application that resides on a computer desktop or personal home page, typically found in the Windows environment. they're looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. , it will be here in the UGO/Buy.com store." One of the original pioneers in the development of online retailing solutions, UCS has set a new standard for e-commerce transactions and created one of the most powerful engines on the market, capable of handling hundreds of thousands of transactions daily. UCS is creator of the proprietary technology powering Buy.com, the second largest pure-play online retailer in the world. UCS offers fully hosted e-commerce solutions for content providers, information portals, wireless service providers and niche e-tailers looking to extend their product offering. Through a "virtual private label" or "co-brand" model, the solution allows companies to leverage their brand and current customers via their own storefront, while at the same time taking advantage of immediate "plug-and-play" e-commerce capabilities that the engine offers. "Our C3 Internet solution is ideal for Web sites looking to expand their current offering by adding an e-commerce capability," said Keith Allen, general manager of UCS. "Our strategic partners provide the content and the audience, UCS runs the store, and we both share in the revenue. Plus, it provides for a more enjoyable user experience. It's a win-win for everyone." In addition to the turnkey "commerce in a box" solution, UCS offers site development, hosting, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , content management, fulfillment, reconciliation, customer service and merchandising services. About UGO Networks Founded in 1997, UGO Networks is an online entertainment network with channels dedicated to the diversions young men obsess over -- games, movies, TV, music, sports, technology, animation, and girls. Offering a unique perspective on pop culture, UGO's content attracts an audience of 18 to 34-year-old men who have embraced the Internet and rely on it for their information, communication and amusement. Reaching one in 10 men on the Web, UGO is a force in the male focused online entertainment category. The company has headquarters in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and can be reached at www.ugo.com. About United Commerce Service Founded in January of 2002, UCS is privately held and funded by ThinkTank founder, Scott Blum. The company develops and operates a cross platform capable, fully hosted e-commerce solution for content providers, information portals and wireless service providers. With the combined talent of experienced e-commerce professionals, UCS's goal is to become the premier outsource e-commerce provider. For more information, visit the company's Web site at www.unitedcommerce.com |
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