CUC International to Include Classifieds2000 Content on netMarket Service.STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 13, 1997--CUC International Inc. (NYSE NYSE See: New York Stock Exchange :CU) today announced a strategic alliance with Classifieds2000 (http://www.classifieds2000.com), a leading provider of comprehensive classified advertising on the Internet. Classifieds2000, based in Sunnyvale, CA, will provide CUC's netMarket users with access to its classified advertisements. netMarket is CUC's membership-based, consumer site that spans most major areas of consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. . This announcement follows closely on CUC's October 3, 1997 acquisition of Hebdo Mag International Inc., a leading international publisher and distributor of classified advertising information. Under the terms of the agreement, Classifieds2000 will provide CUC's netMarket members with access to its extensive listings of general merchandise, which include audio/video equipment, baby items, books and magazines, camping equipment, collectibles, stereo equipment and sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport . In addition, Classifieds2000 will create a customized version of their service within the netMarket site, which will mirror netMarket's look and feel. "Following our recent acquisition of Hebdo Mag, our alliance with Classifieds2000 demonstrates CUC's commitment to building a strong presence in interactive classifieds," said Scot Melland, vice president of business development at CUC International. "Classified advertisements generate a high volume of consumer traffic, which provides a great channel to market our netMarket service." "CUC CUC Cuban Convertible Peso (ISO currency code) CUC Columbia Union College (Takoma Park, MD, USA) CUC Canadian Unitarian Council CUC Canadian Ultimate Championships is a strong and natural strategic partner for us," said Sani El-Fishawy, 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 Classifieds2000. "The alliance brings our extensive private party merchandise listings to an even wider audience of motivated Web users and further extends the power of the Classified2000 network." Classifieds2000 Inc. is the leading network of comprehensive classified advertising content and distribution on the Internet. Through its standalone Web site, Classifieds2000.com, and the extensive Classifieds2000 Network, the company offers free, easy-to-use, database-driven classified advertising to Web users. With more than one million listings and more than $500 million in goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. advertised weekly, Classifieds2000 is one of the largest private-party to private-party marketplaces on the Internet. Launched in fall 1995, Classifieds2000 is a closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. , privately backed firm based in the Silicon Valley. The Classifieds2000 Network distributes an extensive database of classified advertising listings in multiple categories to leading Web publishing partners, including major search sites Excite, Lycos, InfoSeek and WebCrawler; top Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. AT&T WorldNet, Concentric Network Corp., MindSpring Enterprises Inc., Netcom On-Line Communication Services Inc. and WebTV; and popular destination sites including GeoCities. In addition to original classified advertising content generated by the Classifieds2000 Network, Classifieds2000 aggregates and distributes commercial classifieds listings on behalf of leading category sponsors throughout the Network. CUC International is the leading membership-based, consumer services company that currently provides approximately 71 million consumers access to travel, shopping, auto, dining financial and other services worldwide through its more than 20 membership programs including netMarket, Travelers Advantage, Entertainment, AutoVantage and other brands. In May 1997, CUC announced a definitive agreement to merge with HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. Inc., a leading franchiser of brand-name hotels, residential real estate and car rental operations with such well-known brands as Days Inn, Resort Condominiums International Resort Condominiums International (RCI) is a subsidiary of the firm Wyndham Worldwide (previously Cendant). Founded in 1974, RCI has grown to become one of the larger brokers of timeshare trades. , Ramada ra·ma·da n. Southwestern U.S. 1. a. An open or semienclosed shelter roofed with brush or branches, designed especially to provide shade. b. An open porch or breezeway. 2. , Coldwell Banker and Century 21. The merger is expected to close this fall. CONTACT: Niehaus Ryan Group for CUC International Inc. Alison Bowman, 650/827-7016 alison@nrgpr.com or Waggener Edstrom for Classifieds2000 Therese Wells or Telle Zeiler, 425/637-9097 theresew@wagged.com or tellez@wagged.com |
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