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Infospace and MSNBC Enter Agreement to Deliver an Array of Streaming Video News Through Infospace's Broadband Platform

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Infospace and MSNBC Enter Agreement to Deliver an Array of Streaming Video News Through Infospace's Broadband Platform InfoSpace and MSNBC Enter Agreement to Deliver an Array of Streaming Video News Through InfoSpace's Broadband Platform Alliance adds compelling video news to InfoSpace's broadband platform and provides widespread distribution opportunities for MSNBC BELLEVUE, Wash.--(BUSINESS WIRE)--March 6, 2001--InfoSpace, Inc. (Nasdaq:INSP), a leading global provider of cross- platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms, today announced a strategic broadband alliance with MSNBC.com, (http://www.msnbc.com), the number-one Internet news site. Under the agreement, MSNBC's video news services will be integrated within InfoSpace's broadband platform to enable the delivery of a robust suite of applications and services to InfoSpace's customers. "Today's agreement pairs two companies (InfoSpace and MSNBC.com) poised to succeed in the broadband space," said Michael Riccio, InfoSpace executive vice president, broadband. "MSNBC.com is a proven leader and pioneer in breaking news and original journalism on the Internet, and we look forward to providing MSNBC's compelling news and information to an extensive broadband audience." "We are very excited to strike this strategic alliance with InfoSpace," said John Nicol, general manager of MSNBC.com. "The company's high-speed, broadband services and applications are a strategic fit to delivering MSNBC's high-quality news and information to a substantial new audience." MSNBC.com's video news channels, integrated with InfoSpace's broadband platform, include business, health, living and travel, news, opinion, sports, technology, TV news and weather. They will also include original video news stories from MSNBC Cable, NBC Sports, Today, NBC Nightly News with Tom Brokaw, and Dateline NBC, among others. About MSNBC.COM MSNBC.com is the number one news site based on audience data tracked by the Internet measurement service Media Metrix™. As the leader in breaking news and original journalism on the Internet, MSNBC.com additionally delivers the best of NBC News, MSNBC Cable, CNBC and NBC Sports. MSNBC.com provides expanded content via partnerships with The Washington Post, Newsweek, The Wall Street Journal, ZDNet, MSN Money Central™, The Sporting News, Expedia™, E! Online, Pencil News, FEED magazine, SPACE.com, Science magazine, BET.com, inc.com, Inside.com, Internet Broadcasting Systems and Pioneer Newspapers. MSNBC.com's innovative distribution includes delivery of broadband content on HighSpeed.msnbc.com and for Qwest, Road Runner and Excite@Home. MSNBC.com wireless content distribution is delivered through agreements with MSN Mobile, i3 Mobile and Omnisky. In addition, MSNBC.com programs interactive content for MSNBC Cable and NBC News on WebTV Plus. MSNBC is a 24-hour cable and Internet joint venture of Microsoft (Nasdaq:MSFT) and NBC News (NYSE:GE). 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 AT&T Wireless, Cingular Wireless, Intel, Virgin Mobile, Verizon Wireless, 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, NBC's Snap, 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. 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 content licensing agreement with MSNBC.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. Contacts InfoSpace, Inc. Steve Stratz, 206/357-4104 or 425/709-8167, [email protected] or Trylon Communications, Inc. Michelle Quinell, 212/725-2295, ext. 16 [email protected] or MSNBC.com, Peter Dorogoff, 425/703-8456 [email protected].
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