CarsDirect.com Signs Pact to Become the Preferred Auto Merchant on Inktomi Shopping Platform; Agreement Brings Online Car Buying to Leading Web Portals.SHERMAN OAKS, Calif.--(BUSINESS WIRE)--Sept. 28, 1999-- CarsDirect.com, the first Internet car company, today announced that it has signed a first-of-its-kind automotive agreement with Inktomi Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :INKT INKT Inktomi, Inc. (stock abbreviation, AMEX) INKT I Never Knew That ), developer of Internet infrastructure including the Internet's major search engine and shopping platforms. Inktomi provides the infrastructure that powers search and shopping guides for many top portal sites. The agreement, which establishes CarsDirect.com as the premier car merchant in the automotive category of the Inktomi Shopping Engine, enables Internet users to take advantage of CarsDirect.com's award-winning service in the context of their favorite portals and navigation tools. CarsDirect.com is the first nationwide online source that enables consumers to research, price, select, finance, place an order and take delivery of a new vechicle. "Our contract with Inktomi anchors CarsDirect.com on some of the most valuable, highly trafficked real estate on the Internet," said Scott Painter, 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. , CarsDirect.com. "Online shoppers now have one-click access to our selection of more than 2,500 makes and models. That's exactly the kind of convenience we were created to deliver." Inktomi's Shopping Engine will enable Web visitors to make informed car-buying decisions by combining premium content and product offerings such as CarsDirect.com with complementary products and buying information from across the Web. About CarsDirect.com CarsDirect.com (http://www.carsdirect.com) is a revolutionary new Internet See Web 2.0 and Internet2. company that lets consumers complete the vehicle purchase transaction online. With CarsDirect.com, shoppers can research, price, design, 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 -- online. CarsDirect.com was recently named the top car-buying site on the Internet by Gomez Advisors of Lincoln, Mass. 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. Its investors include 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. , Foundation Capital, idealab! Capital Partners, 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 L.P., and Primedia Ventures, among others. |
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