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MapQuest.com to Provide Mapping Solutions for World's Largest Retailer
Wal-Mart Joins MapQuest's Network of More Than 180
Retailers, 1,000 Clients
NEW YORK--(BUSINESS WIRE)--Jan. 12, 2000--MapQuest.com, Inc.
(NASDAQ:MQST), a leader in online destination information, has been selected
to provide maps and directions for Wal-Mart's Web site. MapQuest.com will
also power its upcoming SAM'S Club.com Travel Site Booking Engine, a new
online travel service that will be available in 2000.
Under this agreement, Wal-Mart will utilize the MapQuest.com Enterprise
Server product, which houses the geo-coded database of mapping solutions. In
addition, SAM'S Club.com Travel Site Booking Engine will use
MapQuest.com's online mapping solutions.
"Today's most successful retailers are leveraging the Internet both to generate
revenues online and to drive foot traffic into their stores," said Mike Mulligan,
chairman and chief executive officer of MapQuest.com. "Working with the
world's largest retailer certainly solidifies our dominant position in the retail
segment. We have found our capabilities make us the solution of choice among
premier retailers, and in the past year alone, we have won more than thirty clients
from our key competitors."
Wal-Mart joins the more than 180 leading retailers who have partnered with
MapQuest to drive customers to their stores, including Sears, TJ Maxx,
Federated Department Stores, Borders, Walgreen and Blockbuster. Across all
categories, MapQuest recently surpassed 1,000 total customers licensing its
technology, including Fortune 500 and top 50 Media Metrix companies, such as
AOL, GTE, Citgo, Kinkos, Bank of America, Gannett, American Express, Best
Western, MasterCard International, InfoSpace, Yahoo! and Travelocity.
About MapQuest.com
MapQuest.com, Inc. is a leader in online destination information solutions and
digital mapping services. Also, MapQuest.com licenses its technology to more
than 1,000 business partners. Through these licensing agreements
MapQuest.com helps businesses integrate maps and driving directions into their
Internet, intranet and call center applications for improved marketing and
customer service functions.
MapQuest.com's diverse network of business partners includes: AOL
(NYSE: AOL), Lycos (Nasdaq: LCOS), InfoSpace (Nasdaq: INSP) Infoseek
(Nasdaq: SEEK), Excite @Home (Nasdaq: ATHM), Yahoo (Nasdaq:
YHOO), CitySearch (Nasdaq: TMCS), Travelocity (NYSE: TSG), Bank of
America (NYSE: BAC), Blockbuster, and Dayton Hudson (NYSE: DH).
This press release includes certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 concerning each
company's business, operations and financial condition. Such forward-looking
statements are subject to various known and unknown risks and uncertainties
and each company cautions you that any forward-looking information provided
by or on behalf of such company is not a guarantee of future performance.
Actual results could differ materially from those anticipated in such
forward-looking statements due to a number of factors, including (i) the volatile
and competitive nature of the Internet industry, (ii) changes in domestic and
foreign economic and market conditions, (iii) the effect of federal, state and
foreign regulation on such company's business, (iv) the development of
competitive Web sites and businesses; (v) MapQuest.com's relative mix of
Internet and traditional and digital mapping businesses, (vi) such company's
ability to protect its intellectual property rights and (vii) the effect of any future
acquisitions. Investors are also directed to consider the other risks and
uncertainties discussed in each company's Securities and Exchange Commission
filings. All such forward-looking statements are current only as of the date on
which such statements were made. Neither company undertakes any obligation
to publicly update any forward-looking statement to reflect events or
circumstances after the date on which any such statement is made or to reflect
the occurrence of unanticipated events.
CONTACT: MapQuest
Lisa Gebb, 212/904-0417
lgebb@mapquest.com
www.mapquest.com
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