The Two Companies Also Extend Their Multiyear E-Commerce Partnership in the U.S.
KING OF PRUSSIA, Pa., July 2, 2007 – GSI Commerce Inc. (Nasdaq: GSIC), a leading provider of e-commerce solutions, announced today that it has expanded the scope of its current relationship with iRobot Corp. (Nasdaq: IRBT) to include European e-commerce operations. GSI will provide a Web technology platform solution to service the international e-commerce opportunities for iRobot Corp. as the company establishes a direct-to-consumer business in Europe during 2008. GSI also announced the extension to their multiyear, e-commerce agreement with iRobot for the United States, which provides the Burlington, Mass.-based, robotics manufacturer with its domestic online solution that includes e-commerce technology, fulfillment, and customer care for the company’s line of consumer home robots. Additionally, gsi interactive sm, the company’s interactive marketing services agency, provides design services for iRobot’s U.S. online store.
iRobot is scheduled to launch three European Web stores in 2008. The launch of the European online stores will establish iRobot’s direct-to-consumer business overseas.
GSI’s U.S. solution for iRobot (www.irobot.com), which featured a complete site redesign and full integration with GSI’s customer care and fulfillment services, replaced the company’s existing domestic online store in the first quarter of 2006.
“The e-commerce partnership we established with GSI has helped us to grow our direct-to-consumer business here in the U.S.,” said Sandra B. Lawrence, president and general manager of iRobot’s Home Robots division. “Now, with GSI as our partner for international e-commerce, we look forward to similar success with our direct-to-consumer channel in Europe.”
“E-commerce in Europe is currently as big as e-commerce in the U.S. and is projected to grow more quickly. GSI simplifies entry into the market and allows its partners to tap into substantial incremental growth potential,” said Steve Davis, president of GSI Commerce Solutions International S.L. “We are happy to join iRobot in its plans to build a meaningful, direct-to-consumer business in Europe.”
iRobot’s Home Robots group designs, develops and delivers innovative, reliable and autonomous robots that vacuum and mop floors and clean workshops, garages and pools. iRobot’s robots are designed to find better ways to tackle dull, dirty and dangerous tasks.
About GSI Commerce ®
GSI Commerce is a leading provider of e-commerce solutions that enable retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. We provide solutions for our partners through our integrated e-commerce platform, which is comprised of three components: technology, logistics and customer care, and marketing services. We provide e-commerce solutions for more than 60 partners.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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,” “opportunity,” “continue,” “project,” “forecast,” “confident,” “prospects,” “schedule” 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. 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, extension or termination of its relationships with strategic partners, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology, confidential and proprietary information, 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 SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
GSI Commerce, Inc.