ClickTheButton Signs Agreement to Acquire BuyWiz; Company Plans to Expand in US and Israel.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 16, 2000 ClickTheButton.com, who last year became the first company to provide Internet shoppers with unbiased price comparisons at the point-of-sale, today announced that it has acquired BuyWiz, Inc., maker of the web's first universal shopping cart. The acquisition significantly expands ClickTheButton's development team and core technology base. &uot;We are a partner-driven organization,&uot; said Cheyenne Ehrlich, Chairman 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 ClickTheButton.com. &uot;What our partners are saying is that there is a huge market for a single application that can manage all of a consumer's online shopping in one place. In order to serve our partners, we purchased BuyWiz, who is clearly the first-mover in that space.&uot; The BuyWiz universal shopping cart has been available in a beta form since its launch in August, 1999. The beta has been removed from the site in order to accelerate the development schedule for the new shopping product. &uot;The goal of the public beta was to position us to find the right partner to land BuyWiz on millions of desktops,&uot; said Shlomo Toboul, who became CEO of BuyWiz last year. &uot;After the acquisition, the focus is now on bringing a product to market through our partner and theirs.&uot; Toboul will continue to provide services to the company during a transition period, both directly and via Runway runway: see airport. , Ltd., an incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the of Israeli start-up companies start-up company A new business. . About ClickTheButton ClickTheButton.com, Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The Company provides free software that allows shoppers to quickly compare prices while browsing at leading online stores. To get ClickTheButton's free software for Windows and Macintosh, visit http://www.ClickTheButton.com/. Download takes approximately 30 seconds on a 56K connection. |
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