11th Jun 2007 13:00
InfoSpace, Inc. (NASDAQ:INSP), a leading developer of mobileplatform services, and Verizon Wireless, operator of the nation's mostreliable wireless network, today announced an extended relationship inwhich InfoSpace will power core pieces of Verizon Wireless' mobileinfrastructure, including its enhanced Mobile Web 2.0(SM) service,which allows customers to more easily access the latest news, toolsand information. The combined offerings will provide mobile customerswith faster, easier access to their favorite content and information,while increasing revenue opportunities for the leading wirelessservice provider. £ Today's announcement extends InfoSpace's multi-year relationshipwith Verizon Wireless and reflects the increasing momentum surroundingthe company's Mobile Services Platform. InfoSpace's relationship withVerizon Wireless includes key components of the platform's suite ofservices. InfoSpace provides hosting, infrastructure and subscriptionmanagement capabilities from its platform to power Verizon Wireless'Mobile Web 2.0 service, which offers subscribers an up-to-the-minutelook at the latest news spanning weather, sports, entertainment andmore. £ "InfoSpace's Mobile Services Platform allows us to bring ourcustomers an excellent mobile Web-browsing experience and easy accessto relevant content and information while on-the-go," said JesseMoney, executive director of consumer multimedia data services forVerizon Wireless. "A key selling point for us was the flexibility ofthe platform that allowed us to tailor pieces to fit our needs forthis deployment and we're pleased to continue our long standingrelationship with them." £ "Verizon Wireless is a valued partner for InfoSpace and we areexcited to extend and expand our successful relationship," said SteveElfman, executive vice president of InfoSpace's mobile business unit."As part of our Mobile Services Platform, InfoSpace is committed todelivering customized mobile solutions for carriers and helping themgenerate new revenue streams, and we look forward to doing so withVerizon Wireless." £ About InfoSpace Mobile £ InfoSpace Mobile is a leading developer of mobile technologies andinfrastructure services that help mobile users quickly and easilydiscover and enjoy content and information on the go. InfoSpace'smobile platform offers carrier partners a customizable, scalablesolution for the programming and delivery of mobile content, helpingbuild stronger brands and generate revenue. Mobile users benefit fromthe best-in-class local search experience of InfoSpace Find It!(www.infospacefindit.com), and InfoSpace's easy-to-use mobile portal,search, messaging and storefront offerings. The company's mobileproducts and services are available to over 200 million consumersthrough mobile operators such as AT&T Mobility, T-Mobile, VerizonWireless, Sprint Nextel, and Virgin Mobile. £ About Verizon Wireless £ Verizon Wireless operates the nation's most reliable wirelessvoice and data network, serving more than 59 million customers. Thelargest US wireless company and largest wireless data provider, basedon revenues, Verizon Wireless is headquartered in Basking Ridge, N.J.,with 65,000 employees nationwide. The company is a joint venture ofVerizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD).Find more information on the Web at www.verizonwireless.com. Topreview and request broadcast-quality video footage andhigh-resolution stills of Verizon Wireless operations, log on to theVerizon Wireless Multimedia Library atwww.verizonwireless.com/multimedia. £ Cautionary note about forward-looking statements £ This release contains forward-looking statements regardingInfoSpace's extended relationship with Verizon Wireless, includingpowering core pieces of Verizon Wireless' mobile infrastructure,including its enhanced Mobile Web 2.0SM service. These forward-lookingstatements are subject to certain risks and uncertainties that couldcause actual results to differ materially from those projected. Thesestatements are not guarantees of future performance and are subject tocertain risks, uncertainties and assumptions that are difficult topredict. Factors that could affect InfoSpace's actual results includeactual performance under our extended relationship with VerizonWireless, the progress and costs of deployment of products andservices, the scope and timing of user adoption and implementation andmarket acceptance of the application and features of InfoSpace'smobile search technology. A more detailed description of certainfactors that could affect actual results include, but are not limitedto, those discussed in InfoSpace's most recent Annual Report on Form10-K and quarterly reports on Form 10-Q as filed from time to time, inthe section entitled "Risk Factors." Readers are cautioned not toplace undue reliance on these forward-looking statements, which speakonly as of the date of this release. InfoSpace undertakes noobligation to update publicly any forward-looking statements toreflect new information, events or circumstances after the date ofthis release or to reflect the occurrence of unanticipated events. 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