GSI Commerce Scores as the Leading e-Commerce Platform Choice Among the Top 300 U.S. Retail Web Sites
KING OF PRUSSIA, Pa., June 30, 2004 – GSI Commerce Inc. (Nasdaq: GSIC), today announced that its e-commerce platform was the leading choice among more of the Top 300 Web retailers in the United States than any other solution provider’s platform, according to research published in June by Internet Retailer Magazine in the 2004 edition of its “Top 300 Guide.”
Web sites were awarded the Top 300 ranking based on their 2003 U.S. sales volumes. Of the Top 300 retail Web sites ranked, 23 operated on GSI Commerce’s e-commerce platform for either all or part of 2003. An additional four of the Top 300 Web sites either have selected or have converted to the GSI Commerce e-commerce platform since the beginning of 2004.
GSI Commerce partners with retailers, branded manufacturers, entertainment companies and professional sports organizations to operate online retail stores and multi-channel sales solutions. GSI Commerce partner companies listed in the Top 300 include those involved in the retail industry’s apparel and footwear, beauty, consumer electronics, media and entertainment, general merchandise, home and sporting goods categories.
“We congratulate our partners who made this inaugural list. The research and rankings demonstrate we have an e-commerce platform that can support the requirements of the country’s leading online stores,” said Michael G. Rubin, chairman and chief executive officer of GSI Commerce.
According to Internet Retailer, the rankings are the culmination of six months of research conducted by the magazine. The resulting guide is the first effort of its kind regarding the online retail industry in the U.S., according to Internet Retailer. The magazine plans to make the rankings guide an annual event.
About GSI Commerce
GSI Commerce provides an e-commerce solution enabling retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. The company’s e-commerce solution includes Web site design, e-commerce technology, managed hosting, order fulfillment, customer service, merchandising and order management, online merchandising, customer relationship management, content development and online marketing. The company operates either all or a portion of the e-commerce businesses for approximately 45 partners.
About Internet Retailer
Published by Chicago-based Vertical Web Media LLC, Internet Retailer is a monthly national business magazine and Web site that serve 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. Internet Retailer’s 34,000 subscribers are senior executives primarily from retail chains, independent stores and catalogs. The magazine also publishes IRNewsLink, which is distributed twice-weekly to 27,000 opt-in subscribers. Internet Retailer’s Guide to the Top 300 online retailers ranks the largest e-retailers in the U.S. based on annual sales. It is available at InternetRetailer.com.
Forward-Looking Statements
All statements made in this release are or can be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” “should,” “guidance,” “potential,” “continue,” “project,” “forecast,” “confident,” “prospects,” 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 industries and markets in which GSI Commerce 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 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, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of GSI Commerce to attract and retain qualified personnel, the ability of GSI Commerce to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired 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:
Media & Investors:
Greg Ryan
Director, GSI Commerce Corp. Comm.
tel: 610-491-7294
fax: 610-265-2866
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Media:
Barry Baum
Dan Klores Communications
tel: 212-981-5237
fax: 212-981-5437
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