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Hanover Direct and InfoSpace Form Strategic Alliance Hanover Direct, Inc. (AMEX: HNV) and InfoSpace, Inc. (NASDAQ: INSP) today announced that they have entered into an agreement that will further enhance Hanover’s online presence and the services offered by InfoSpace to its users. InfoSpace will offer and promote proprietary merchandise from each of the 13 online brands in the Hanover Brands, Inc. portfolio, such as Domestications, The Company Store, Silhouettes, International Male and Improvements, across InfoSpace’s extensive affiliate client network of wireless devices and Web sites. InfoSpace and Keystone Internet Services, Inc. will also be working together to drive new merchants to use InfoSpace’s commerce services and to offer InfoSpace’s current network of more than 300,000 merchants the fulfillment and logistics services provided by Keystone. "InfoSpace is an undisputed leader in providing the most unique and comprehensive suite of merchant services that are offered to the millions of users that will purchase goods through wireless devices or on Web sites," stated Rakesh K. Kaul, President and CEO of Hanover Direct, Inc. "Through Keystone Internet Services, InfoSpace will now be able to offer proven, reliable fulfillment and logistics services to its current partners and brand name manufacturers who are looking to harness the power and potential of the Internet." This agreement will allow us to offer some of the most sought after merchandise in the industry from Hanover’s popular brands,” said Naveen Jain, Chairman and CEO of InfoSpace, Inc. “Our single-click shopping will make it easy for our users to purchase the brand name products directly from their cellular phones or their PCs. InfoSpace is the leading provider of information and commerce infrastructure services to wireless devices, merchants and Web sites. It seamlessly integrates products and merchandising to be offered through its single-click shopping both on wireless devices and the Internet. Hanover Brands, Inc. consists of 13 distinct brands each offering proprietary merchandise and products. Each brand is fully web enabled incorporating the state-of-the-art in online shopping and e-care and occupies the top space in its respective category. Hanover’s unique business model, which strategically integrates print, telephone and the Internet, affords the strongest foundation in today’s emerging world of e-commerce. Keystone, launched in 1998, provides easy-to-install, e-commerce marketing and operational solutions to companies wanting to enter into this channel of distribution. Its unique, multi-channel, multi-brand systems platform has the versatility and flexibility to handle a wide range of product categories in a 24/7 service mode. Its roster currently includes: Beauty.com; Oxygen Media; Fogdog Sports; The National Geographic Society; United Retail Group; Mercata, Inc.; KBkids.com; and The Dress Barn, Inc. Keystone is also the third party fulfillment services vendor Excite exclusively promotes to others wanting to participate in its shopping channel.
About InfoSpace, Inc.
About Hanover Direct, Inc.
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CONTACT:
Hanover Direct, Inc.
Porter, LeVay & Rose, Inc., Investor Relations
AGG International, Public Relations |
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