SAN FRANCISCO, July 9 /PRNewswire-FirstCall/ -- LookSmart (Nasdaq: LOOK, ASX: LOK), a global leader in search, today announced a multi-year agreement with Terra Lycos (Nasdaq: TRLY; Madrid Exchange: TRR), the largest global Internet network, for search distribution on Lycos, one of the top portals in the United States. As part of the agreement, LookSmart will provide its new high-relevance, high-value commercial search product to Lycos beginning late in the third quarter of 2003. LookSmart will become the primary provider of general Web search results for a large number of high-value commercial terms. In addition, Lycos will have the option to resell LookSmart's LookListings(TM) to thousands of Lycos InSite(TM) customers, Lycos's successful paid inclusion and paid placement search engine marketing platform. "We're pleased that Lycos has chosen to become the first client for our new high-value commercial search product," said Jason Kellerman, chief executive officer of LookSmart. "For many commercial searches, LookSmart provides industry leading relevance, thanks to our unique combination of technology and professional editorial content. In order to maintain and extend our leadership in paid inclusion, we've invested in building a distribution product around these 'optimized results sets,' and are now beginning to see dividends from our investment. We are very pleased to provide our advertising clients with access to Lycos' high quality users." "Lycos has a deep heritage in Search, and our continued investment in products, technology and partners is core to our strategy," said Tom Wilde, global manager of search services for Terra Lycos. "By integrating LookSmart's highly relevant commercial search listings into Lycos, we are demonstrating our commitment to providing the best search experience on the Internet." About LookSmart LookSmart is a leading provider of Internet search solutions and is the global leader in paid search inclusion. Combining award-winning technology, editorial expertise, and community-based initiatives, LookSmart provides users worldwide with highly relevant search results, while delivering targeted sales leads to online businesses. LookSmart search results are distributed through top portals and ISPs including Microsoft's MSN, About.com, Road Runner, Cox Interactive Media, InfoSpace, CNET and search services such as Inktomi. LookSmart is based in San Francisco, California, with offices in New York, Los Angeles, Detroit, Montreal, London, Tokyo, Melbourne and Sydney. For more information, visit www.LookSmart.com About Terra Lycos Terra Lycos is a global Internet group with a presence in 42 countries in 19 languages. The group, which is the result of Terra Networks S.A.'s acquisition of Lycos, Inc. in October 2000, operates some of the most popular Web sites in the United States, Europe, Asia and Latin America, and is the largest access provider in Spain and Latin America. The Terra Lycos network of sites includes Terra in 17 countries, Lycos in 25 countries, Angelfire.com, Atrea.com, Azeler.es, Direcciona.es, Educaterra.com, Emplaza.com, Gamesville.com, HotBot.com, Ifigenia.com, Invertia.com, Lycos Zone, Maptel.com, Matchmaker.com, Quote.com, RagingBull.com, Rumbo.com, Tripod.com, Uno-e.com and Wired News (Wired.com), and others. With headquarters in Barcelona and operating centers in Madrid, Boston and elsewhere, Terra Lycos is traded on the Madrid stock exchange (TRR) and the Nasdaq electronic market (TRLY). For more information, please visit our corporate Web site at http://www.terralycos.com. NOTE: Lycos(R) is a registered trademark of Carnegie Mellon University. All other product or service marks mentioned herein are those of Terra Networks, S.A., Lycos, Inc. or their respective owners. All rights reserved. Forward-Looking Statements This press release contains forward-looking statements based on our current expectations and projections about our industry, our products, and our management's beliefs and assumptions. Words such as "will," "expects," "intends," "plans," "believes," "may," and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties. Our actual results could differ from those expressed in these forward-looking statements for various reasons, such as the possibility that that unforeseen technical obstacles or low yield rates will delay or prevent the use of our search results by Lycos on the time frames indicated herein (or at all); the potential failure to establish an effective working relationship with Lycos and our other partners through the term of the agreement; the possibility that Lycos may elect not to resell LookListings to its customers in significant numbers; our potential inability to aggregate a large number of search queries from the Lycos sites and monetize those queries; and other risks outlined in our annual report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. CONTACT: editorial, Michael Prichinello of RLM Public Relations, Inc., +1-212-741-5106, ext. 14, or michael@rlmPR.com; or investors, Jennifer Jarman of the BlueShirt Group, +1-415-217-7722, or Jennifer@blueshirtgroup.com.
SOURCE LookSmart, Ltd.