GSI Commerce To Develop and Operate Rockport Online Store
KING OF PRUSSIA, PENNSYLVANIA and CANTON, MASSACHUSETTS, February 12, 2003 - GSI COMMERCE, INC. (NASDAQ: GSIC), a leading outsource solution provider for e-commerce, announced today that it has entered into an agreement with Rockport Company, Inc. for GSI Commerce to operate the online retail store at rockport.com.
Rockport is a distinguished marketer of comfort footwear, apparel and accessories. Under the terms of the agreement, GSI Commerce will develop and operate the e-commerce store at rockport.com, including technology, fulfillment and customer service. The online store will offer Rockport branded shoes for men, women and children as well as accessories including shoe care products and handbags.
Commenting on the agreement, Rick Paterno, President of Rockport, said, “I am pleased to be working with GSI Commerce, a leader in e-commerce solutions to enhance the overall buying experience. We hope to continue increasing sales online.”
Michael Rubin, Chairman and Chief Executive Officer of GSI Commerce, related that, ”we are thrilled about operating the Rockport online store and look forward to growing the Rockport property for the benefit of the brand and its customers. We are also excited to expand our relationship with Rockport’s parent company, Reebok, through this deal. ”
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 Rockport Company, Inc.
The Rockport Company, Inc., a wholly owned subsidiary of Reebok International, Ltd., Canton, MA, designs, distributes and markets comfort footwear, apparel and accessories for men, women and kids worldwide. The Rockport Company, Inc. is located in Canton, Massachusetts.
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, the ability of the company to successfully launch new businesses and integrate acquisitions of other businesses 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:
GSI Commerce Contact:
Dawn Fryer
(610) 491-7013
fryerd@gsicommerce.com
Rockport Company, Inc. Contact:
Marci Lorber
(781) 401-5127
marci.lorber@rockport.com
