Dominion Information Services and InfoSpace Announce Five-Year Strategic Alliance.Business Editors BURNABY, B.C. & BELLEVUE, Wash.--(BUSINESS WIRE)--Oct. 31, 2001 InfoSpace expands its relationship with Verizon Information Services through its Canadian online directory service, SuperPages.ca Dominion Information Services See Information Systems. Inc., Canada's second largest directory publisher and creator of online directory service SuperPages.ca(R), today announced a strategic five-year relationship with InfoSpace, Inc. (Nasdaq:INSP INSP Inspection INSP Inspector INSP Inspect INSP Inspirational Network INSP Institut des Nanosciences de Paris (French) INSP International Nuclear Safety Program INSP International Network on Strategic Philanthropy ), a provider of wireless and Internet software and application services See ASP and Web services. . Dominion is owned by U.S.-based Verizon Information Services, the world's largest directory publisher. Verizon Information Services and InfoSpace announced a similar U.S. agreement in April of this year. As a result of the alliance, SuperPages.ca's directory listings and future merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or will be integrated into InfoSpace's leading technology platform and offered across its broad Web network. InfoSpace's network of Web sites in Canada includes MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). .ca, 411.ca, CyberSurf and others. The result is a significant increase in exposure and potential value for Dominion customers. In addition, InfoSpace plans to begin offering SuperPages.ca products, bringing additional value to merchants in Canada and allowing its business partners to further maximize their online presence, promote their business and enable electronic commerce. "Today's announcement represents a dramatic shift in Canada's online directory services industry by bringing together the unique strengths of two market leaders," said Scott Laver, vice president and general manager of Dominion Information Services. "By partnering with InfoSpace, we are able to develop a new sales channel and reach more potential customers and Internet users." "Our platform and application services enable merchants to leverage the wired and wireless Internet. Today's announcement with Dominion further expands our relationship with Verizon beyond U.S. borders to Canada. We look forward to working with Dominion to help make their merchants successful," said Naveen Jain BIO Naveen Jain is a founder and CEO at Intelius, headquartered in Bellevue, Washington. Intelius was started in Janurary 2003 with a mission to empower consumers with online information for personal protection and intelligent decisions. , 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 InfoSpace, Inc. "Within this alliance, Dominion and InfoSpace will create a comprehensive offering for merchants in the Canadian market, providing them with the opportunity to maximize their online presence and reach the greatest number of potential buyers." SuperPages.ca is scheduled to go live on InfoSpace and its Canadian affiliates in the first quarter of 2002. About Dominion Information Services Inc. Based in Burnaby, British Columbia “Burnaby” redirects here. For persons sharing this surname, see Burnaby (surname). Burnaby, British Columbia, Canada, is the city immediately east of Vancouver. , Dominion Information Services Inc. is a subsidiary of Verizon Information Services and Canada's second-largest directory information services provider. With approximately 118 different directory titles, Dominion offers print and Web-based advertising solutions for small- and medium-sized businesses in Canada. For more than 70 years, Dominion Information Services has been the official publisher of white pages and classified directories for TELUS TELUS Telemetric Universal Sensor (formerly BC TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom ) in British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , and since 1967, Les Annuaires du Quebec has been the official publisher for QuebecTel. Dominion Information Services Inc. employs more than 800 people located in Burnaby, Victoria and Kelowna, Calgary and Edmonton, Toronto, and Rimouski, Quebec Rimouski is a Canadian city (ville) on the center part of Bas-Saint-Laurent region in eastern Quebec, located on the south shore of the Saint Lawrence River at the mouth of the Rimouski River, and km ( mi) north-east of Quebec City. , and distributes nearly 11 million copies of its print directories. About InfoSpace, Inc. InfoSpace, Inc. (Nasdaq:INSP) provides an integrated technology platform and suite of applications that enable partners to deliver consumer and commerce services across the Internet to any device over current and next-generation wireless, broadband and narrowband networks. The Company's array of products includes consumer services, such as communication, entertainment, gaming and speech applications, as well as commerce services, including payments and shopping. Together, the InfoSpace platform and applications comprise a highly flexible and scalable end-to-end solution that can be rapidly deployed under a partner's brand. InfoSpace's partners and affiliates include leading companies worldwide, such as Verizon, AT&T Wireless, Cingular Wireless, ALLTEL, Virgin Mobile, Charles Schwab, Intel, Lucent, Nortel, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Microsoft, Lycos, National Discount Brokers and Bloomberg, among others. This release contains forward-looking statements relating to the development of InfoSpace's products and services and future operating results, including statements regarding the Company's strategic alliance with Dominion Information Services and SuperPages.ca, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. within the Company's respective business areas, the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , in the section entitled "Factors Affecting InfoSpace's Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. |
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