CIDCO Partners With RadioShack to Provide MailStation, Giving Consumers Affordable E-Mail Without a PC.Business/Hi-Tech Editors MORGAN HILL, Calif.--(BUSINESS WIRE)--June 19, 2000 Distribution Agreement With "America's Favorite And Most Trusted" Consumer Electronics Store Brings The MailStation Internet Appliance Also called "information appliance," "smart appliance," and "Web appliance," it is a device specialized for accessing the Web and/or e-mail. Designed for ease of use, it plugs into a telephone jack or LAN connection for Internet hookup. To Over 3500 Stores Nationwide By August CIDCO CIDCO City and Industrial Development Corporation (Mumbai, India) Incorporated (Nasdaq:CDCO CDCO Curriculum Design, Content and Organization CDCO Classified Document Control Office ), a worldwide leader in telephony and Internet appliances, announced today that RadioShack, "America's favorite and most trusted consumer electronics store," will offer CIDCO's MailStation(TM) Internet appliance in more than 3,000 stores beginning in August retailing at $99.99. Special displays and advertising will be utilized to showcase the MailStation and attract customers to this new technology. This is the first phase in rollout plans for RadioShack to carry the MailStation in time for the back-to-school promotional season. This agreement points to the rapid acceptance of e-mail and Internet devices in the consumer electronics retail channel taking the availability of MailStation to over 8,500 locations within the third quarter. This effectively gives the MailStation product critical mass in retail availability with virtually every consumer electronics retailer already offering the product or quickly coming on board with it. "It is very exciting to have RadioShack as a retail partner since this agreement signifies another milestone in bringing our retail distribution strategy to fruition fru·i·tion n. 1. Realization of something desired or worked for; accomplishment: labor finally coming to fruition. 2. Enjoyment derived from use or possession. 3. ," said CIDCO Executive Vice President of Sales and Marketing Bill Sole. "MailStation's broad availability in over 8,500 retail outlets retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → in the third quarter positions us well for continued growth during the peak buying seasons of Back to School and Holiday. Our partnership with RadioShack further illustrates MailStation's strength and leadership in the Internet appliance category." The MailStation Internet appliance offers access to e-mail without the hassle, expense, or technology know-how it takes to use a personal computer. The MailStation is designed to sit anywhere in the home. It comes ready to use out of the package; just plug it into a standard phone jack and power it up and you're ready to send and receive email from family and friends. The consumer can check for incoming messages as frequently as desired by simply pushing the button marked Get E-Mail. Also, CIDCO provides MailStation users with a varied selection of Yahoo! branded content Branded Content, also known as Branded entertainment and Advertainment, is a relatively new form of advertising medium that blurs conventional distinctions between what constitutes advertising and what constitutes entertainment. such as local weather reports, prime time TV listings, top headline and business news, stock updates, horoscopes and more. Consumers can choose up to five Yahoo! content selections, which are updated daily when consumers access their MailStation. Due to its portability, the MailStation does not confine one to being an at-home-only user but allows them to compose and read e-mail on the road, in the backyard, or from any other location. The MailStation provides a go-anywhere capability, allowing anyone around the world to compose e-mail from any location. About CIDCO Incorporated CIDCO Incorporated (Nasdaq:CDCO), founded in 1988, is a worldwide leader in telephony products, services and appliances that empower consumers to communicate simply and easily over advanced telephony networks and the Internet. Through its alliances with many of the world's leading telephone companies, CIDCO develops advanced network appliances (1) A specialized device for use on a network. For example, Web servers, cache servers and file servers can be implemented as general-purpose computers with the appropriate software or as network appliances, which are computers dedicated to a single function and cannot do anything such as network feature telephones, Caller ID A telephone company service that sends the caller's telephone number between the first and second ring of the call. If the calling number is not blocked, the calling number is displayed on the handset or base station of the called party. devices, voice mail navigation appliances and Internet appliances that enable consumers to maximize the value of telephony networks and Internet services. CIDCO introduced its first Internet appliance in 1998 for a world moving into the developing Internet appliance era and is extending this vision to devices that will make e-mail and other information services See Information Systems. readily available to consumers that don't have access to or require traditional computers. The company is headquartered in Morgan Hill, California Morgan Hill (IPA: /ˈmɔrgɨn ˈhɪl/) is a city located in the southern part of Santa Clara County, California, USA. at the south end of Silicon Valley. For additional information, visit www.cidco.com or call 408/779-1162. MailStation and CIDCO are trademarks of CIDCO Incorporated. All other trademarks are the property of their respective owners. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995 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. or predictions. These statements represent our judgment as of this date and are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed in such forward-looking statements. Potential risks and uncertainties include, without limitation, those associated with economic conditions both domestic and international in the internet and internet appliance industry, failure to successfully implement the national retail distribution channel as planed above and a brand marketing campaign, failure to obtain subscriber growth, competitive factors, lower than expected consumer product acceptance, technological and business difficulties, government regulations and delays or other problems with product development. These and other factors are discussed in more depth in CIDCO, Inc. filings with the SEC, copies of which may be accessed through the SEC's World Wide Web site at http://www.sec.gov. |
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