Sportsline.com and GSI Commerce Team Up on MVP.com Store
SportsLine.com, Inc. (NASDAQ:SPLN), a leading Internet sports media company and publisher of CBS SportsLine.com (http://cbs.sportsline.com), and GSI Commerce, Inc. (NASDAQ:GSIC), a leading outsource solution provider for e-commerce, have combined forces to produce SportsLine.com’s sporting goods e-commerce area, located at MVP.com. Separately, SportsLine.com is announcing the mutual termination of its agreement with USA Interactive (NASDAQ: USAI) under which USA’s Electronic Commerce Solutions (ECS) has operated MVP.com.
GSI Commerce will develop and operate all facets of the MVP.com store, including a revised design, customer service, order processing and fulfillment, while SportsLine.com will oversee merchandising and marketing. The store will feature a broad selection of sporting goods, licensed merchandise and memorabilia.
“GSI has a proven platform and the broadest assortment of sporting goods products on the Internet and SportsLine.com has demonstrated its ability to drive users to the store and convert them to purchasers in areas where there is a solid assortment of products,” said Andrew Sturner, president of corporate and business development for SportsLine.com. “We anticipate that the combination should result in a more robust business long-term.”
Michael G. Rubin, chairman and chief executive officer of GSI Commerce, Inc. said, “We are pleased to be selected by SportsLine.com to re-design and operate the MVP.com site. SportsLine.com has created one of the best sports content sites on the Internet, and we look forward to utilizing our e-commerce solution to help them grow the MVP.com store.”
ECS will continue to operate MVP.com, until it is re-launched in late July or early August with a new design consistent with other stores operated by GSI Commerce.
About SportsLine.com, Inc.
SportsLine.com (Nasdaq:SPLN) is the leading edge of media companies providing Internet sports content, community and e-commerce. As the publisher of CBS SportsLine.com and the official Web sites of the NFL and the PGA TOUR, the Company serves as one of the most comprehensive sports information sources available, containing an unmatched breadth and depth of multimedia sports news, information, entertainment and merchandise. SportsLine.com also has strategic relationships with Major League Baseball and the NBA, and serves as a primary sports content provider for America Online.
SportsLine.com’s Forward-Looking Statements
Note: This press release contains forward-looking statements, which involve risks and uncertainties. SportsLine.com’s actual results could differ materially from those anticipated in these forward-looking statements. Factors that might cause or contribute to such differences include, among others, competitive pressures, dependence on advertising revenues, which are difficult to forecast, the growth rate of the Internet, constantly changing technology and market acceptance of the company’s products and services. Investors are also directed to consider the other risks and uncertainties discussed in SportsLine.com’s Securities and Exchange Commission filings, including those discussed under the caption “Risk Factors That May Affect Future Results” in SportsLine.com’s latest Annual Report on Form 10-K. SportsLine.com undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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 Global Sports, Inc.
GSI Commerce’s 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.
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Contact:
For GSI Commerce, Inc.
Patricia Henderson
(610) 491-7013
hendersonp@gsicommerce.com
For SportsLine.com, Inc.
(954) 489-4000
Larry Wahl—ext. 7225
Alex Riethmiller - ext. 7535
www.sportsline
