Egreetings Network Signs Exclusive Distribution Agreement With USA.NET.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--March 13, 2000 Egreetings Network, Inc., (Nasdaq:EGRT), a leading provider of e-cards and gifts, has signed an exclusive distribution and marketing agreement with USA.NET, the world's largest email outsourcer, to promote the Egreetings.com(R) Web site and its e-cards and e-commerce services through USA.NET's award-winning consumer offering, Net@ddress (www.netaddress.com). "Egreetings.com continues to execute on its strategy of increasing traffic and commerce on our site through mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" distribution alliances," said Egreetings 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. Gordon M. Tucker. "USA.NET is the leading email provider and we believe that our compelling content and innovative gift solutions combined with their distribution power will significantly extend the reach and adoption of our services. E-cards is a major, growing category on the Web and this alliance more tightly aligns us with our target market." The agreement includes advertising on the Net@ddress Web site and implementation on Net@ddress of easy navigational and text links to Egreetings.com, making Egreetings.com a convenient click away for all of their email users. "We are committed to providing our Net@ddress customers with the industry's best value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. ," said John Street, chairman of USA.NET. "This new partnership with Egreetings.com offers our Net@ddress customers a strong new service to meet their communications and gift-giving needs." About Egreetings Network, Inc. Egreetings offers consumers and businesses a convenient and creative way to express themselves online through e-cards, gifts and invitations. The Egreetings.com Web site includes over 7000 free online cards for all occasions and sentiments which feature rich graphics, animations and music that consumers can personalize per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. to make their messages memorable and unique. Egreetings.com also offers a wide variety of gifts and digital gift certificates, making it easy for consumers to find and send a thoughtful gift along with their online card. The Egreetings Invites service allows visitors to easily manage personal and business events online. Egreetings Network, Inc. is a Nasdaq-listed company under the symbol EGRT. E-greetings is a registered trademark and Egreetings is a trademark of Egreetings Network, Inc. About USA.NET Net@ddress Net@ddress offers millions of subscribers a Web-based e-mail See Internet e-mail service and HTML e-mail. service that's accessible from anywhere in the world via an Internet connected computer. It also provides users with a permanent email address See Internet address. that doesn't change, regardless of how often they change 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. , employment or schools. Net@ddress offers a full set of email features, including 30 MB of storage and additional security, as well as fee-based premium services, like Paging, Virus Scan virus scan Informatics A computer program that can ID code–geek speak for computer program subroutines–often found in computer viruses. See Computer virus. and Extra Storage. Net@ddress is USA.NET's private-label consumer offering. USA.NET pioneered Web-based email Web-based email or webmail is a term referring to an e-mail service intended to be primarily accessed via a web browser, as opposed to through an application such as Microsoft Outlook or Outlook Express, Mozilla's Thunderbird or Apple's Mail. with the launch of Net@ddress in 1996, and today USA.NET manages more than 15 million mailboxes on behalf of its corporate, service provider and individual customers. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. These statements may differ materially from actual future events or results. Among the important risk factors that could cause such differences are the risks associated with the integration of the Egreetings.com and USA.net Websites, the effect of current and future competition in the online card and gift-giving businesses, the acceptance of online cards as a means of communication and commerce, as well as the risk factors detailed from time to time in the company's periodic reports and registration statements which are filed with the Securities and Exchange Commission. |
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