Verizon Information Services and InfoSpace Announce Five-Year Strategic Alliance

Apr 30, 2001, 01:00 ET from Verizon Information Services

    PONTE VEDRA BEACH, Fla., April 30 /PRNewswire/ -- Verizon Information
 Services, the world's largest directory publisher and creator of Verizon
 SuperPages.com(SM) service, today announced a strategic five-year relationship
 with InfoSpace, Inc. (Nasdaq: INSP), a leading global provider of
 cross-platform infrastructure services on wireless, broadband and narrowband
 platforms.
     As a result of this alliance, SuperPages.com's Yellow Pages and other
 merchant services will be integrated into InfoSpace's leading technology
 platform and distributed across its broad Web affiliate network, greatly
 increasing the exposure and value to Verizon customers. In addition, InfoSpace
 will begin offering SuperPages.com products, bringing additional value to
 millions of merchants nationwide and allowing its business partners to further
 maximize their online presence, promote their business and enable electronic
 commerce.
     "Today's announcement represents a dramatic shift in the online services
 industry by bringing together the unique strengths of two market leaders,"
 said Patrick Marshall, group vice president - marketing for Verizon
 Information Services.  "By working with InfoSpace, we are able to develop a
 new sales channel and reach millions of potential customers and Internet
 users."
     "We are focused on providing the best underlying technology platform for
 merchants, and today's announced partnership with Verizon is a testament to
 those efforts," said Naveen Jain, chairman and CEO of InfoSpace, Inc. "Under
 this relationship, Verizon and InfoSpace will help to create the most
 comprehensive offering for merchants in the market today."
     Verizon made the announcement today at Simba Information's Inside the
 Yellow Pages Conference, where Marshall delivered the keynote address.
     SuperPages.com is scheduled to go live on InfoSpace and its affiliates in
 July.
 
     About InfoSpace, Inc.
     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.
 
     About Verizon Information Services and SuperPages.com
     Verizon Information Services is a world leading print and online directory
 publisher and a content provider for communications products and services.
 The largest directory publisher in the world, Verizon has annual revenues of
 more than $4.1 billion and employs more than 11,000 people.
     Verizon Information Services also produces and markets SuperPages.com, the
 Internet's preeminent online directory and shopping resource. SuperPages.com
 has received up to 7.7 million visits and 3.4 million unique visitors per
 month, and is the Yellow Pages provider on Excite, Lycos, Ask Jeeves, AOL
 Service, AOL.com, Digital City, HotBot, and BigFoot.
     Based in the Dallas area, Verizon Information Services is a unit of
 Verizon Communications Inc. (NYSE:   VZ), which was formed by the merger of Bell
 Atlantic and GTE. Verizon is one of the world's leading providers of
 communications services. For more information on Verizon, visit
 http://www.verizon.com.
 
     This release contains forward-looking statements relating to the
 development of the company's products and services and future operating
 results, including statements regarding the Company's strategic alliance with
 Verizon Information Services and SuperPages.com, 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 the Company's actual results
 include growth rates within the Company's respective business areas, 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 InfoSpace's 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.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X17163244
 
 

SOURCE Verizon Information Services
    PONTE VEDRA BEACH, Fla., April 30 /PRNewswire/ -- Verizon Information
 Services, the world's largest directory publisher and creator of Verizon
 SuperPages.com(SM) service, today announced a strategic five-year relationship
 with InfoSpace, Inc. (Nasdaq: INSP), a leading global provider of
 cross-platform infrastructure services on wireless, broadband and narrowband
 platforms.
     As a result of this alliance, SuperPages.com's Yellow Pages and other
 merchant services will be integrated into InfoSpace's leading technology
 platform and distributed across its broad Web affiliate network, greatly
 increasing the exposure and value to Verizon customers. In addition, InfoSpace
 will begin offering SuperPages.com products, bringing additional value to
 millions of merchants nationwide and allowing its business partners to further
 maximize their online presence, promote their business and enable electronic
 commerce.
     "Today's announcement represents a dramatic shift in the online services
 industry by bringing together the unique strengths of two market leaders,"
 said Patrick Marshall, group vice president - marketing for Verizon
 Information Services.  "By working with InfoSpace, we are able to develop a
 new sales channel and reach millions of potential customers and Internet
 users."
     "We are focused on providing the best underlying technology platform for
 merchants, and today's announced partnership with Verizon is a testament to
 those efforts," said Naveen Jain, chairman and CEO of InfoSpace, Inc. "Under
 this relationship, Verizon and InfoSpace will help to create the most
 comprehensive offering for merchants in the market today."
     Verizon made the announcement today at Simba Information's Inside the
 Yellow Pages Conference, where Marshall delivered the keynote address.
     SuperPages.com is scheduled to go live on InfoSpace and its affiliates in
 July.
 
     About InfoSpace, Inc.
     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.
 
     About Verizon Information Services and SuperPages.com
     Verizon Information Services is a world leading print and online directory
 publisher and a content provider for communications products and services.
 The largest directory publisher in the world, Verizon has annual revenues of
 more than $4.1 billion and employs more than 11,000 people.
     Verizon Information Services also produces and markets SuperPages.com, the
 Internet's preeminent online directory and shopping resource. SuperPages.com
 has received up to 7.7 million visits and 3.4 million unique visitors per
 month, and is the Yellow Pages provider on Excite, Lycos, Ask Jeeves, AOL
 Service, AOL.com, Digital City, HotBot, and BigFoot.
     Based in the Dallas area, Verizon Information Services is a unit of
 Verizon Communications Inc. (NYSE:   VZ), which was formed by the merger of Bell
 Atlantic and GTE. Verizon is one of the world's leading providers of
 communications services. For more information on Verizon, visit
 http://www.verizon.com.
 
     This release contains forward-looking statements relating to the
 development of the company's products and services and future operating
 results, including statements regarding the Company's strategic alliance with
 Verizon Information Services and SuperPages.com, 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 the Company's actual results
 include growth rates within the Company's respective business areas, 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 InfoSpace's 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.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X17163244
 
 SOURCE  Verizon Information Services

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