GSI Commerce Enters E-Commerce Agreement with Turner Sports Interactive to Operate Nascar Online Store
GSI COMMERCE, INC. (NASDAQ: GSIC), a leading outsource solution for e-commerce, and Turner Sports Interactive, an AOL Time Warner company that is the exclusive producer of NASCAR.com, the official site of NASCAR, announced today an agreement for GSI Commerce to operate the e-commerce store at Nascar.com.
GSI Commerce will operate all facets of the e-commerce store including technology, customer service, fulfillment and merchandising. The store was launched on the GSI Commerce platform early this week and offers Nascar fans a broad assortment of licensed Nascar products including die-cast model cars, collectibles and apparel.
Drew Reifenberger, EVP and General Manager of Turner Sports Interactive, remarked, “The NASCAR.com store is an established and growing business with a heritage of serving the most die hard NASCAR fans. We are excited to work with GSI and continue the evolution of this successful e-commerce site.”
Chairman and chief executive officer of GSI Commerce, Michael Rubin, commented, “We are thrilled to take over the operation of the NASCAR.com store and to work with Turner Sports Interactive on growing the overall NASCAR.com property. The large and loyal NASCAR fan base represents an excellent target audience, and we look forward to serving them with a great online shopping experience.”
About GSI Commerce
GSI Commerce is a leading outsource solution provider for e-commerce. The company develops and operates e-commerce businesses for retailers, branded manufacturers, media companies, television networks and professional sports organizations. The GSI Commerce platform includes Web site design and development, e-commerce technology, customer service, fulfillment, merchandising, content development and management, and online and database marketing. GSI Commerce, Inc. was formerly named Global Sports, Inc.
About Turner Sports Interactive
Turner Sports Interactive, an AOL Time Warner Company, acquired all of NASCAR’s interactive rights in October 2000 and became the exclusive producer of NASCAR.com, the official site of NASCAR, in January 2001. At that time and then again in February 2002 NASCAR.com redesigned and improved the site to make it the destination where the NASCAR fan can receive the most current NASCAR news and notes from all of the drivers, teams, and tracks; video and in-car audio; official up-to-the-minute point standings; and exclusive driver chats and merchandise.
Forward-Looking Statements
All statements made in this release, other than statements of historical fact, are forward-looking statements. The words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “will”, “would”, “should”, “guidance”, “potential”, “continue”, “project”, “forecast” and similar expressions typically are used to identify forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of GSI Commerce and the industry and markets in which the company operates. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward- looking statements. Factors which may affect GSI Commerce’s business, financial condition and operating results include the effects of changes in the economy, consumer spending, the stock market and the industries in which GSI Commerce operates, changes affecting the Internet, e-commerce and direct response marketing, the ability of the company to maintain relationships with strategic partners and suppliers, the ability of the company to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of the company to attract and retain qualified personnel and the ability of the company to successfully launch new businesses and integrate acquisitions of other businesses. More 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 Securities and Exchange Commission. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements, except as otherwise specifically stated by GSI Commerce.
Contact:
GSI Commerce Contact:
Dawn Fryer
(610)491-7013
fryerd@gsicommerce.com
Turner Sports Interactive Contact:
Jeff Pomeroy
(404)827-4786
