GSI Commerce Wins CIO 100 Award
KING OF PRUSSIA, Pa., Aug. 16, 2004 – GSI Commerce Inc. (Nasdaq: GSIC) announced today it has won a 2004 CIO 100 award sponsored by CIO magazine. The annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology.
Agility was the theme of this year’s awards and recognized those executives and organizations that responded quickly to changing business environments. Award winners were selected based on results that showed how their company used information technology to enable and support agility in their organization.
“With the economy rebounding, companies will seek out and capitalize on new opportunities as they emerge,” says Abbie Lundberg, editor-in-chief, CIO. “Those best positioned to succeed are the agile enterprises, able to move and change quickly; to create advantage in a world in flux. This year’s CIO 100 winners have all the hallmarks: agile operations, technology, staffing and governance models. We celebrate their achievements and expect to see great things from them in the years ahead.”
“At the core of GSI Commerce’s e-commerce platform is an integrated hub of proprietary and best-of-breed technology components that supports the online shopping, fulfillment and customer service demands of some of the largest online retail businesses in the United States. This recognition from CIO magazine is a tribute to our employees, who adapt daily to the new challenges presented by this business, and to our partners who demand continuing excellence from our solution,” said Joseph Seibert, senior vice president and chief information officer for GSI Commerce.
The 2004 CIO 100 Awards will be presented at The Broadmoor Hotel and Resort in Colorado Springs, Colo., on Aug. 24 during the sixth annual CIO 100 Symposium® and Awards Ceremony.
About the CIO 100
The recipients of this year’s CIO 100 award were selected through a three-step process. First, companies filled out an online application form detailing their agile practices in both business and IT. Next, teams of CIO magazine editors and writers reviewed the applications in depth, looking for unique practices and substantial results. Finally, the teams met for a day-long meeting to debate the merits of each nominee and vote on the final 100. To provide a vision of ever-changing business trends, the focus of the CIO 100 changes annually. Complete coverage of the 2004 CIO 100 Awards is featured in the Aug. 15 issue of CIO magazine and at www.cio.com.
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 and development, 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.
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,” 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 and the timing of its establishment or extension of its relationships with strategic partners, 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:
Greg Ryan
Director, Corporate Communications
tel: 610-491-7294
fax: 610-265-2866
.(JavaScript must be enabled to view this email address)
Barry Baum
Dan Klores Communications
tel: 212-981-5237
fax: 212-981-5437
.(JavaScript must be enabled to view this email address)
