OAKLAND, Calif., May 20 /PRNewswire-FirstCall/ -- Ask Jeeves, Inc., a
leading provider of information retrieval technologies, brands and Internet
advertising services, today announced the acquisition of Excite Italia B.V.,
the operator of Excite Europe, a network of pan-European portal properties,
from Tiscali, S.p.A. Ask Jeeves acquired the U.S.-operated Excite.com portal
in March 2004.
"This deal is a next step in Ask Jeeves' European expansion strategy,"
said Steve Berkowitz, CEO of Ask Jeeves, Inc. "Access to Excite's pan-European
operational infrastructure and market knowledge will accelerate our European
growth initiative and provide an instant revenue stream from additional users
The acquisition of Excite Europe will extend Ask Jeeves' ownership of the
Excite brand beyond the United States, giving the Company ownership of
Excite's Internet domains throughout Europe as well as control of existing
portal offerings in several major European markets including Spain, Italy,
France, UK, Germany, Austria and the Netherlands. The acquisition provides
immediate access to a wealth of resources in the European portal market in
will also have the ability to extend its leading search technology to Excite
Excite is a well-known name on the Internet, offering search and portal
services since 1995 and recognized for pioneering the customizable start page.
Excite will remain a separate brand under Ask Jeeves Inc., with operations
continuing out of Excite Europe's headquarters in Rome, Italy.
The financial terms of the acquisition were not disclosed.
Ask Jeeves does not expect the acquisition to have a material impact on
2005 revenues or earnings per share, and does not expect the acquisition to
affect Ask Jeeves' financial guidance as issued in connection with its first
quarter earnings announcement on April 27, 2005.
Cautionary Note regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning
of the Private Securities Litigation reform Act of 1995. These forward-looking
statements include all statements regarding the impact of Excite Europe on Ask
Jeeves' revenues, earnings per share and guidance, and all other statements
regarding future features, functionality and anticipated benefits of Ask
Jeeves product and service offerings. Actual results, developments or events
may differ materially from those referenced in forward-looking statements.
Factors that may cause actual results, developments or events to differ from
the related forward-looking statements are described in the risk factors
described in Ask Jeeves' Annual Report on Form 10-K for the year ended
December 31, 2004, subsequently filed Form 10-Qs and other public filings made
with the SEC, all of which are available without charge at www.sec.gov. Ask
Jeeves undertakes no obligation to update forward-looking statements for
future events, circumstances or developments.
About Ask Jeeves, Inc.
As the 6th largest global web property (ComScore Media Metrix, March
2005), Ask Jeeves Inc. delivers world-class information retrieval products
through a diverse portfolio of Web sites, portals and downloadable
applications. Ask Jeeves' search and search-based portal brands include: Ask
Jeeves (Ask.com, Ask.co.uk and es.Ask.com), the Ask Jeeves Japan joint venture
(Ask.jp), Ask Jeeves for Kids (AJKids.com), Bloglines (bloglines.com), Excite
(excite.com), iWon (iwon.com), My Way (myway.com) and Fun Web Products
(funwebproducts.com). Additionally, Ask Jeeves owns the differentiated search
technology Teoma, as well as natural language processing, portal and ad-
serving technologies. Ask Jeeves generates revenue from advertisers seeking to
reach the company's broad-based online audience. Founded in 1996, Ask Jeeves
has been a publicly traded company on the Nasdaq National Market since July
1999. Its headquarters are located in Oakland, California, with offices
throughout the United States, as well as in Europe and Asia. For more
information, visit http://www.Ask.com or call 510-985-7400.
NOTE: Ask Jeeves, AJinteractive, Ask.com, Teoma, My Way, My Search, My
Web Search, iWon, Excite and Bloglines are trademarks or registered trademarks
of Ask Jeeves, Inc.
SOURCE Ask Jeeves, Inc.