More Consumers Choose to Online Comparison Shop This Holiday Season; DealTime Traffic More Than Doubles Over Last Year.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 28, 2001 DealTime(R), the leading online shopping search engine, is experiencing a sharp increase in its traffic and merchant referrals as the holiday shopping season heats up. During the three days after Thanksgiving Thanksgiving annual U.S. holiday celebrating harvest and yearly blessings; originated with Pilgrims (1621). [Am. Culture: EB, IX: 922] See : America Thanksgiving national holiday with luxurious dinner as chief ritual. [Am. Pop. , visitors to DealTime increased by 166% over the same period last year, and DealTime traffic directed to its extensive merchant network tripled. Consumers are relying more and more on comparison-shopping sites to help them find products quickly and easily. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a consumer survey fielded by Jupiter Jupiter, in Roman religion and mythology Jupiter, in Roman religion and mythology, the supreme god, also called Jove. Originally a sky deity associated with rain and agriculture, he developed into the great father god, prime protector of the state, Media Metrix, 30 percent of holiday shoppers indicate that they will visit a price comparison site this holiday season. Shoppers turn to DealTime.com and the network of sites it powers, including www.altavista (AltaVista Company, Palo Alto, CA, www.altavista.com) The first search engine to index every word on a page and provide a retrieval system to extract relevant information. Developed by Digital's Research Labs in Palo Alto in 1995, the AltaVista search engine is available in more than 25 .dealtime.com, www.lycos.dealtime.com and www.aol.dealtime.com to compare models, brands, and prices on millions of products in dozens of product and service categories from hundreds of merchants across the Web. Dan Ciporin, 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 DealTime comments on DealTime's continued success: "We believe our success is due to three factors: 1) The increasing reliance by consumers on comparison-shopping sites to help them find products quickly and easily; 2) Our efforts to make our search engine available to shoppers at search engines and portals throughout the Web, including our recent deals with AltaVista, Lycos, and iWon; and 3) The improvements in the speed and relevance of our shopping search engine so that when a consumer conducts a search, in a matter of seconds, the search engine sifts through millions of deals to find the best options." Digital cameras are the most popular products people are searching for on DealTime this holiday season. The top 3 digital cameras and the average price consumers selected for each camera are as follows:
Top 3 Digital Camera Searches Average Price Selected
-- Nikon Coolpix 995 $567.48
-- Canon Powershot G2 $655.65
-- Olympus Camedia C-700 $423.88
About DealTime DealTime is the world's leading online shopping search engine, reaching millions of shoppers worldwide every month. Through its Web sites, dealtime.com(R) and dealtime.co.uk and other network sites (including AltaVista, AOL and Lycos), shoppers compare products, prices and stores across the Web. For merchants and manufacturers, DealTime delivers qualified, in-market buyers and lower customer-acquisition costs. For traffic aggregators (1) An organization that combines traffic such as telephone calls or data services from a variety of companies or individuals to obtain a bulk rate. Hotels, hospitals and payphone providers are examples. See also content aggregator. , portals and other partner sites, DealTime provides a powerful search engine and superior shopping tools that enable them to more easily monetize Monetize 1. To convert into money. 2. To convert from securities into currency that can be used to purchase goods and services. Notes: For example, you'll often hear Internet marketers talk about "monetizing website visitors. their traffic. For consumers, DealTime supplies product information and an easy way to find the right product at the best price. DealTime Ltd. is a multi-national private company, venture-backed by key strategic and financial partners including Bertelsmann, AOL TimeWarner, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. , Nomura International, Singapore Telecom, and others. DealTime, DealTime.com and the DealTime logo are registered trademarks of DealTime Ltd. |
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