AllBusiness.com Announces Alliance with Shopping.com
Comparison Shopping Platform Launched for Small Businesses
San Bruno, Calif. September 21, 2004 — AllBusiness.com, Inc. (www.AllBusiness.com), one of the leading sites on the Web for small businesses, announced today an alliance with Shopping.com. Through the alliance, a customized comparison shopping platform for small businesses has been implemented and incorporated into the AllBusiness.com Web site. The 25 million small businesses in the United States can now compare prices and features on millions of products on the AllBusiness.com site.
AllBusiness.com operates one of the premier sites on the Web for entrepreneurs and owners and operators of small businesses. The site has been recognized as one of the best on the Web by Forbes, Fortune, The Wall Street Journal, BusinessWeek and other publications. The site contains thousands of pages of valuable information, advice, forms, questions and answers, business directories, products, services, business guides, a platinum program, discounts, and more.
In connection with the Shopping.com alliance, AllBusiness has implemented a comprehensive section of its Web site allowing entrepreneurs and small businesses to do immediate comparison shopping, check prices, and analyze reviews of business products and services. The comparison engine on AllBusiness.com encompasses the following categories:
• Computers
• Computer accessories
• Printers and copiers
• Forms and Agreements
• Office machines
• Office supplies
• PDAs and mobile electronics
• Software
• Business services
• Cellular phones
“We are quite pleased to offer this high quality business shopping comparison feature to our users,” stated Michael Mimeles, Vice President of AllBusiness.com. The new feature is easily accessed under the “Shopping” tab at www.AllBusiness.com.
About AllBusiness.com
AllBusiness.com (www.AllBusiness.com) operates one of the premier sites on the Web for small businesses. The site was founded in 1999, and has received critical acclaim from The Wall Street Journal, Forbes, BusinessWeek, Business 2.0, Fortune, and other publications as one of the best business sites on the Web. The site provides quality information, products, services, and solutions to small and growing businesses. Through the AllBusiness Web site, entrepreneurs, businesses, consultants, and business professionals are able to access a comprehensive set of information, directories, tools, forms, and services to start and grow a business, solve business problems, raise capital, enhance sales and marketing, save money, obtain strategic advice, comparison shop, and leverage the business community. In March of 2000, the entity that owned the site was sold for $225 million to an affiliate of GE. In April of 2002, the site was purchased by a privately held company. In July 2004, VantagePoint Venture Partners announced a $10 million venture financing round into AllBusiness.com. For more information, visit www.AllBusiness.com.
About VantagePoint Venture Partners
VantagePoint Venture Partners, the primary investor in AllBusiness.com, is one of the nation`s most prominent venture firms with more than $2.5 billion in committed capital in four funds. The Firm is an active multi-stage investor providing funding and resources for all stages of a company’s lifecycle from seed round through late stage and privately negotiated investments in public companies. VantagePoint is based on a full-service ‘Partner-Team’ approach that provides entrepreneurs with a blend of technology, venture capital, operations, marketing, and corporate-finance expertise. The Firm is focused on technology investments in the CleanTech, Healthcare, Communications, Semiconductor and Components, and Software and Internet sectors. More information about VantagePoint is available at www.vpvp.com.
About Shopping.com
Shopping.com Ltd. is a leading online comparison shopping service. We help consumers make informed purchase decisions by enabling them to find the items they are looking for, compare products, prices and stores and buy from among thousands of online merchants. We gather product and merchant data from across the Internet, organize and structure it into a comprehensive catalog, and present the resulting information to consumers in a user-friendly interface at our flagship destination, www.shopping.com, and our consumer reviews website, www.epinions.com.
Contact:
Michael Mimeles
AllBusiness.com, Inc.
650-624-1516
mmimeles@allbusiness.com
Christine Hinton
VantagePoint Venture Partners
650-866-3100
chinton@vpvp.com
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