Power Play – GSI Commerce and the NHL; Sign Multiyear Extension to E-Commerce Agreement
KING OF PRUSSIA, Pa. – Sept. 14, 2007 – GSI Commerce Inc. (Nasdaq: GSIC), a leading provider of e-commerce solutions, and the National Hockey League (NHL), today announced a multiyear extension to their e-commerce agreement through 2014. With the long-term agreement, GSI continues to supply the NHL’s online store (http://shop.nhl.com ) with e-commerce technology, order processing, customization, fulfillment, customer care, and additionally, through GSI’s marketing services agency, gsi interactiveSM, search engine marketing, e-mail and catalog services.
“Since launching our new online store with GSI in January 2005, we have seen significant increases of merchandise sales on the site,” said Brian Jennings, NHL executive vice president of product marketing. “GSI’s expertise in the online world of licensed products, merchandising and marketing has allowed us to provide a high-quality online shopping experience to our loyal fans. We look forward to continuing to grow this successful partnership.”
“We are pleased to extend our relationship with the NHL and believe this will further deepen the collaborative relationship we’ve established with the league,” said Scott Hardy, GSI executive vice president of business management. “We expect to continue to explore opportunities with the NHL to drive further growth of their online business.”
For the upcoming season, all 30 NHL teams will be wearing the new Rbk EDGE Uniform System, developed by Reebok in partnership with the NHL. To meet expectations that NHL fans will want to wear their favorite team’s new jersey this season, GSI will offer the new jerseys on Shop.NHL.com with the option for fans to customize those jerseys with any name and number combination.
As part of its multichannel initiatives with the league, GSI is scheduled to publish and mail the NHL’s catalog for the upcoming season. Last year, GSI added alternative payments, gift cards and upgraded e-mail capabilities to the Shop.NHL.com site.
In addition to the NHL, GSI has agreements to manage the Web stores for all the major professional sports leagues in the United States including Major League Baseball, the NFL, the NBA and NASCAR.
About GSI Commerce
GSI Commerce® is a leading provider of e-commerce solutions that enable retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. We provide solutions for our partners through our integrated e-commerce platform, which is comprised of four components: technology, customer care, fulfillment and marketing services. We provide e-commerce solutions for more than 80 partners.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made in this release, other than statements of historical fact, are forward-looking statements. Actual results might differ materially from what is expressed or implied by these forward-looking statements. Additional information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
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