CarsDirect.com Named Exclusive New Car Buying Service for Cendant's Move.com.Automotive Writers New Relocation, Real Estate and Home-Related Services Portal To Feature Auto Channel Powered by CarsDirect.com LOS ANGELES--(AutomotiveWire)--Feb. 21, 2000 CarsDirect.com, the leading automotive e-tailer, today announced it has been selected as a premier partner and the exclusive new car buying service on move.com, the recently launched relocation, real estate and home-related services Internet portal from Cendant Corporation (NYSE NYSE See: New York Stock Exchange :CD). CarsDirect.com will be the exclusive car-buying service in move.com's new automotive category and will also be included in the portal's shopping area. The CarsDirect.com/move.com co-branded area launched on February 4. Move.com is designed to provide a wide variety of related services to consumers purchasing or renting a new home, from the time they begin searching through the move-in and living process. In a related opportunity to bring new audiences to CarsDirect.com, links within Cendant-operated Rent Net will direct visitors to move.com's Auto Channel, promoting CarsDirect.com to both home buyers and renters. The agreement also calls for CarsDirect.com banner ads A graphic image used on Web sites to advertise a product or service. Banner ads come in numerous sizes, but are often rectangles 460 pixels wide by 60 pixels high. Also 460 x 55 and 392 x 72 sizes are commonly used. to be posted on move.com as well as other Cendant real estate-related sites, including ERA.com. century21.com, coldwellbanker.com and Rent Net. Banners will be supplemented with a variety of direct marketing opportunities for CarsDirect.com. "Buying a house and buying a car rank as the two most significant purchases people make," said Bob Brisco, chief executive officer, CarsDirect.com. "That's why bringing the convenience and economy of CarsDirect.com to the highly motivated audience that move.com serves makes so much sense. This partnership is one more way we're working to make car buying more accessible and affordable for more people." "For consumers, there's tremendous value in having home-buying and car-buying services side-by-side on a single site, which makes our relationship with CarsDirect.com such a natural," said Sarah Nolan, chief executive officer of move.com. "With so many things to worry about during the home buying or renting process, consumers will appreciate the ability to quickly and enjoyably buy or lease a new car online through move.com's newest partner." About Move.com Move.com is Cendant's relocation, real estate and home-related services portal. It integrates and enhances the offline and online efforts of Cendant's residential real estate brands -- Century 21(R), Coldwell Banker(R) and ERA(R) -- Rent Net, Senior Housing Net and its real estate business units (Cendant Mobility, Cendant Mortgage, National Home Connections and Welcome Wagon/GETKO). Move.com draws upon the capabilities and existing infrastructure of Cendant's lines of business and assists customers with virtually everything they need before, during and after their move. Move.com also draws upon the success of Rent Net's online apartment guide business model. Move.com has headquarters in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . About Cendant Corporation Cendant Corp. (NYSE:CD) is a global provider of real estate, travel and direct marketing related consumer and business services. The company's core competencies include building franchise systems, providing outsourcing solutions and direct marketing. As a franchisor, Cendant is among the world's leading franchisors of real estate brokerage offices, hotels, rental car agencies and tax preparation services Tax preparation services Firm that prepare tax returns for a fee. . The company's real estate-related operations also includes Move.com, Cendant's residential real estate services portal on the Internet. As a provider of outsourcing solutions, Cendant is a major provider of mortgage services to consumers, the global leader in employee relocation and the world's largest vacation exchange service. In direct marketing, Cendant provides access to insurance, travel, shopping, auto and other services primarily to customers of its affinity partners. Other business units include NCP (1) (Network Control Program) See SNA and network control program. (2) (NetWare Core Protocol) The file sharing protocol used in a NetWare network. , the UK's largest private car park operator and Wizcom, an information technology services provider. With 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 , the company has approximately 30,000 employees and operates in more than 100 countries. More information about Cendant, its companies, brands and current SEC filings may be obtained by visiting the company's Web site at www.Cendant.com or by calling 877-4INFO-CD (877-446-3623). About CarsDirect.com CarsDirect.com (http://www.carsdirect.com) is a new Internet See Web 2.0 and Internet2. company that lets consumers complete the vehicle purchase transaction. With CarsDirect.com, shoppers can research, price, customize, order and finance a new car or truck over the Web -- selecting from among 2,500 makes and models by every major manufacturer. Unlike referral services, which point people to a dealer to accomplish the transaction, CarsDirect.com takes the customer from inquiry through financing right up to delivery. Based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CarsDirect.com is an idealab! company. The company is also funded by idealab! Capital Partners, Primedia Ventures, Foundation Capital, MSD (MicroSoft Diagnostics) A utility that accompanied Windows 3.1 and DOS 6 that reported on the internal configuration of the PC. A variety of information on disks, video, drivers, IRQs and port addresses was provided. Capital LP, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Morgan Stanley
LLC - Logical Link Control , Oracle Corp., Liberty Digital, TMCT TMCT Trailer Mounted Communications Tower Ventures, East Peak Partners LP, Hikari Tsushin and Soros Private Equity Partners LLC. |
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