GSI Commerce Ranks as a Top Choice Among Internet Retailer’s Top 500 Online Retailers; Company Named as Leading Provider for Web Hosting
KING OF PRUSSIA, Pa., Oct. 2, 2006 –GSI Commerce Inc., (Nasdaq: GSIC) ranked as the leading provider or the runner-up in six of 16 e-commerce applications and services categories based on use among the Top 500 online retailers, according to research published recently by Internet Retailer Magazine.
GSI Commerce tied as the leading provider for Web hosting, a category in which GSI Commerce provides the service to 14 of the Top 500 online retailers, according to information compiled from the magazine’s annual “Top 500 Guide.” GSI Commerce is also listed as runner-up in the content management, e-commerce platform, fulfillment, order management and site design categories. GSI Commerce is the only application or services provider listed more than three times as either the leader or the runner-up across any of the 16 categories.
“The fact that we are among the leading providers in six e-commerce categories based on use by some of the largest and most respected online retailers in the country highlights the comprehensive and robust nature of our e-commerce platform and the expertise of our organization,” said Michael G. Rubin, chairman and chief executive officer of GSI Commerce.
GSI Commerce partners with approximately 60 retailers, branded manufacturers, entertainment companies and professional sports organizations to operate online retail stores, and direct-to-consumer multichannel sales solutions. GSI Commerce partner companies span eight U.S. online general merchandise categories including apparel; consumer electronics, home, sporting goods, health and beauty; music and video, jewelry and luxury goods and toys.
E-commerce application and service providers were listed by Internet Retailer as either the leading or the runner-up provider based on the number of Top 500 online retailers using the vendor’s application or service. Internet Retailer is a monthly national business magazine and Web site that serves the retailing community. Internet Retailer focuses on the Internet’s vital role in a wide array of retailing activities, including Web merchandising, supply chain management and multi-channel integration. The full article is available at www.internetretailer.com/article.asp?id=19740.
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 three components: technology, logistics and customer care and marketing services. We provide e-commerce solutions for approximately 60 partners.
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,” “confident,” “prospects,” “schedule” 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. 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 financial markets and the industries in which GSI Commerce and its partners operate, changes affecting the Internet and e-commerce, the ability of GSI Commerce to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment, extension or termination of its relationships with strategic partners, including the early termination of an agreement with a significant partner, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology, confidential and proprietary information, and product and service offerings, the ability of GSI Commerce to execute operationally and attract and retain qualified personnel, the ability of GSI Commerce to successfully integrate its acquisitions of other businesses, if any, the performance of any acquired businesses and the impact of SFAS 123(R). 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 SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
Contact:
Greg Ryan
Director of Corporate Communication
tel: 610-491-7294
fax: 610-265-2866
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