InfoSpace and Found Partner to Extend Merchants' Real-Time Product Availability Data and Multi-Channel Transaction Capability to Consumers Over Mobile Devices

Under agreement, InfoSpace mobile shopping and electronic promotions services

would integrate real-time product availability data from Found's ICaM

(Integrated Clicks and Mortar) Solution(TM) enabling new ways for merchants to

reach consumers via wireless/wireline devices



Apr 17, 2001, 01:00 ET from InfoSpace

    BELLEVUE, Wash. and SAN FRANCISCO, April 17 /PRNewswire/ --
 InfoSpace (Nasdaq: INSP), a leading global provider of cross-platform
 infrastructure products and services on wireless, broadband, and narrowband
 platforms, and Found, Inc., an e-infrastructure technology solution provider
 leveraging the Internet to create efficiencies for offline retailers and
 manufacturers throughout the supply chain, today announced an agreement to
 incorporate inventory information delivered by Found's ICaM (Integrated Clicks
 and Mortar) Solution(TM) with InfoSpace's mobile commerce services.  This
 integration would provide Found retailers with innovative new ways to increase
 customer traffic, drive sales and manage inventory by integrating their
 real-time product availability data with InfoSpace's mobile commerce services,
 which offer consumers the ability to comparison shop among and receive
 promotions for goods and services from almost any device.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000420/INFOLOGO )
     For consumers, these cutting edge services provide the ability to quickly
 and easily find products currently in stock at nearby retailers with the best
 price, confirm availability, pay for products and services and elect to pick
 them up at the merchant's physical storefront or have them shipped, all from
 the convenience of a mobile device.
     Jupiter Research recently found that the services consumers were most
 interested in using via mobile devices were those that allowed them to find
 local stores, check the availability of products and compare the prices for
 those products among both online and offline merchants.  Furthermore, Jupiter
 expects that by 2005, the Web will influence roughly 24% of all US consumer
 spending but that only 6% of this will be spent online, leaving 18% of all US
 consumer spending that will be influenced by the Web but that will be spent in
 traditional (offline) channels.
     "We always are looking for ways to add value to our retail customers'
 multi-channel strategy," said Richard Lawson, president and CEO of Found, Inc.
 "By partnering with InfoSpace, we are able to provide our customers with the
 ability to deliver inventory availability data in real-time to consumers over
 a wide range of devices, allowing them to give consumers the immediately
 gratifying shopping experience they are demanding."
     "InfoSpace is committed to leveraging our core technologies and
 established base of users to drive the adoption of mobile commerce by
 delivering innovative services that capitalize on the unique aspects of the
 mobile environment while providing consumers and merchants with practical
 solutions that deliver tangible benefits," said Naveen Jain, chief executive
 officer and chairman of InfoSpace.  "This announcement with Found represents
 another step forward in the implementation of our vision of being at the
 center of the powerful confluence of online and offline commerce."
 
     About Found, Inc.
     Found is an innovative e-infrastructure solution provider that utilizes
 the Internet to create dramatic efficiencies for offline retailers and
 manufacturers throughout the supply chain.  Found's ICaM (Integrated Clicks
 and Mortar) Solution(TM) helps traditional offline companies rapidly and cost-
 effectively allow their customers to search for, locate and purchase products
 online or offline from their regional distribution centers or local retail
 stores.  Found technology also provides offline partner companies the ability
 to more effectively monitor and react to geographically relevant real-time
 product movement within the supply chain.  Found is a privately held company
 based in San Francisco.  For more information, visit www.found.com.
 
     About InfoSpace
     InfoSpace is a leading global provider of cross-platform merchant and
 consumer infrastructure services on wireless, broadband, and narrowband
 platforms.  The Company provides commerce, information, and communication
 infrastructure services to wireless devices, merchants, and Web sites.
 InfoSpace's partners encompass a global network of wireless, PC, and non-PC
 devices, including cellular phones, pagers, screen telephones, television
 set-top boxes, online kiosks and personal digital assistants. InfoSpace has
 relationships with Verizon Wireless, AT&T Wireless, Cingular Wireless, Intel,
 Virgin Mobile, Hasbro, National Discount Brokers, and Bloomberg, among others.
 InfoSpace's affiliate network also consists of more than 3,200 Web sites that
 include AOL, Microsoft, NBCi, Lycos, and ABC LocalNet.  InfoSpace is also
 positioned to tap the market for broadband wired (DSL and cable) and broadband
 wireless (2.5G and 3G) services, such as interactive gaming, television and
 other entertainment services.  In addition, the Company recently added
 back-end payment processing to InfoSpace's existing commerce services,
 allowing InfoSpace to offer everything a merchant needs to conduct the entire
 lifecycle of a transaction, one of the key drivers of mobile commerce
 adoption.
 
     Contact Information:
 
     Adam Whinston                  Coleman Smith
     InfoSpace                      Alexander Ogilvy Public Relations for Found
     425-201-8946                   404-881-2397
     adam.whinston@infospace.com    csmith@alexanderogilvy.com
 
     This release contains forward-looking statements relating to the
 development of InfoSpace's products and services and future operating results,
 including statements regarding InfoSpace's agreement with Found, Inc., that
 are subject to certain risks and uncertainties that could cause actual results
 to differ materially from those projected.  The words "believe," "expect,"
 "intend," "anticipate," variations of such words, and similar expressions
 identify forward-looking statements, but their absence does not mean that the
 statement is not forward-looking.  These statements are not guarantees of
 future performance and are subject to certain risks, uncertainties and
 assumptions that are difficult to predict.  Factors that could affect
 InfoSpace's actual results include the progress and costs of the development
 of our products and services and the timing of market acceptance of those
 products and services.  A more detailed description of certain factors that
 could affect actual results include, but are not limited to, those discussed
 in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors
 Affecting Our Operating Results, Business Prospects and Market Price of
 Stock."  Readers are cautioned not to place undue reliance on these
 forward-looking statements, which speak only as of the date of this release.
 InfoSpace undertakes no obligation to update publicly any forward-looking
 statements to reflect new information, events or circumstances after the date
 of this release or to reflect the occurrence of unanticipated events.
 
 

SOURCE InfoSpace
    BELLEVUE, Wash. and SAN FRANCISCO, April 17 /PRNewswire/ --
 InfoSpace (Nasdaq: INSP), a leading global provider of cross-platform
 infrastructure products and services on wireless, broadband, and narrowband
 platforms, and Found, Inc., an e-infrastructure technology solution provider
 leveraging the Internet to create efficiencies for offline retailers and
 manufacturers throughout the supply chain, today announced an agreement to
 incorporate inventory information delivered by Found's ICaM (Integrated Clicks
 and Mortar) Solution(TM) with InfoSpace's mobile commerce services.  This
 integration would provide Found retailers with innovative new ways to increase
 customer traffic, drive sales and manage inventory by integrating their
 real-time product availability data with InfoSpace's mobile commerce services,
 which offer consumers the ability to comparison shop among and receive
 promotions for goods and services from almost any device.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000420/INFOLOGO )
     For consumers, these cutting edge services provide the ability to quickly
 and easily find products currently in stock at nearby retailers with the best
 price, confirm availability, pay for products and services and elect to pick
 them up at the merchant's physical storefront or have them shipped, all from
 the convenience of a mobile device.
     Jupiter Research recently found that the services consumers were most
 interested in using via mobile devices were those that allowed them to find
 local stores, check the availability of products and compare the prices for
 those products among both online and offline merchants.  Furthermore, Jupiter
 expects that by 2005, the Web will influence roughly 24% of all US consumer
 spending but that only 6% of this will be spent online, leaving 18% of all US
 consumer spending that will be influenced by the Web but that will be spent in
 traditional (offline) channels.
     "We always are looking for ways to add value to our retail customers'
 multi-channel strategy," said Richard Lawson, president and CEO of Found, Inc.
 "By partnering with InfoSpace, we are able to provide our customers with the
 ability to deliver inventory availability data in real-time to consumers over
 a wide range of devices, allowing them to give consumers the immediately
 gratifying shopping experience they are demanding."
     "InfoSpace is committed to leveraging our core technologies and
 established base of users to drive the adoption of mobile commerce by
 delivering innovative services that capitalize on the unique aspects of the
 mobile environment while providing consumers and merchants with practical
 solutions that deliver tangible benefits," said Naveen Jain, chief executive
 officer and chairman of InfoSpace.  "This announcement with Found represents
 another step forward in the implementation of our vision of being at the
 center of the powerful confluence of online and offline commerce."
 
     About Found, Inc.
     Found is an innovative e-infrastructure solution provider that utilizes
 the Internet to create dramatic efficiencies for offline retailers and
 manufacturers throughout the supply chain.  Found's ICaM (Integrated Clicks
 and Mortar) Solution(TM) helps traditional offline companies rapidly and cost-
 effectively allow their customers to search for, locate and purchase products
 online or offline from their regional distribution centers or local retail
 stores.  Found technology also provides offline partner companies the ability
 to more effectively monitor and react to geographically relevant real-time
 product movement within the supply chain.  Found is a privately held company
 based in San Francisco.  For more information, visit www.found.com.
 
     About InfoSpace
     InfoSpace is a leading global provider of cross-platform merchant and
 consumer infrastructure services on wireless, broadband, and narrowband
 platforms.  The Company provides commerce, information, and communication
 infrastructure services to wireless devices, merchants, and Web sites.
 InfoSpace's partners encompass a global network of wireless, PC, and non-PC
 devices, including cellular phones, pagers, screen telephones, television
 set-top boxes, online kiosks and personal digital assistants. InfoSpace has
 relationships with Verizon Wireless, AT&T Wireless, Cingular Wireless, Intel,
 Virgin Mobile, Hasbro, National Discount Brokers, and Bloomberg, among others.
 InfoSpace's affiliate network also consists of more than 3,200 Web sites that
 include AOL, Microsoft, NBCi, Lycos, and ABC LocalNet.  InfoSpace is also
 positioned to tap the market for broadband wired (DSL and cable) and broadband
 wireless (2.5G and 3G) services, such as interactive gaming, television and
 other entertainment services.  In addition, the Company recently added
 back-end payment processing to InfoSpace's existing commerce services,
 allowing InfoSpace to offer everything a merchant needs to conduct the entire
 lifecycle of a transaction, one of the key drivers of mobile commerce
 adoption.
 
     Contact Information:
 
     Adam Whinston                  Coleman Smith
     InfoSpace                      Alexander Ogilvy Public Relations for Found
     425-201-8946                   404-881-2397
     adam.whinston@infospace.com    csmith@alexanderogilvy.com
 
     This release contains forward-looking statements relating to the
 development of InfoSpace's products and services and future operating results,
 including statements regarding InfoSpace's agreement with Found, Inc., that
 are subject to certain risks and uncertainties that could cause actual results
 to differ materially from those projected.  The words "believe," "expect,"
 "intend," "anticipate," variations of such words, and similar expressions
 identify forward-looking statements, but their absence does not mean that the
 statement is not forward-looking.  These statements are not guarantees of
 future performance and are subject to certain risks, uncertainties and
 assumptions that are difficult to predict.  Factors that could affect
 InfoSpace's actual results include the progress and costs of the development
 of our products and services and the timing of market acceptance of those
 products and services.  A more detailed description of certain factors that
 could affect actual results include, but are not limited to, those discussed
 in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors
 Affecting Our Operating Results, Business Prospects and Market Price of
 Stock."  Readers are cautioned not to place undue reliance on these
 forward-looking statements, which speak only as of the date of this release.
 InfoSpace undertakes no obligation to update publicly any forward-looking
 statements to reflect new information, events or circumstances after the date
 of this release or to reflect the occurrence of unanticipated events.
 
 SOURCE  InfoSpace