Verizon Wireless Chooses ScreamingMedia As Pipeline for Content For vtext.com, New Nationwide Text Messaging Service
Technology Integration Enables ScreamingMedia to Bring Third-Party Text Messaging Content to Verizon Wireless Subscribers
November 19, 2001
NEW YORK, NY and BEDMINSTER, NJ
ScreamingMedia (NASDAQ: SCRM) and Verizon Wireless announce an agreement to provide Verizon Wireless' digital Mobile MessengerSM customers with access to current information, powered by ScreamingMedia. Through a technology integration, ScreamingMedia is providing filtered third-party content and data to Verizon Wireless' text messaging service Web site, vtext.com, which was launched on November 15, 2001 and available to new and existing customers.
Through www.vtext.com, Verizon Wireless customers can sign up to have information alerts from select providers, such as Red Herring and NYSE, sent to their wireless phone. For a nominal charge of $.02 each, customers can receive alerts on a wide array of subjects including national and international news; business, finance and technology news; and updates on entertainment, sports, travel, health and wellness and more in an SMS-ready format, custom-filtered to their needs.
ScreamingMedia has integrated its SiteWareTM software application into Verizon Wireless' platform where it aggregates and filters SMS-ready third-party content from ScreamingMedia's global digital content network. ScreamingMedia will deliver and integrate all the data to Verizon Wireless' vtext.com service. Additionally, ScreamingMedia's flexible filtering and publishing technology can easily scale to meet the changing needs of Verizon Wireless and its customers.
"Verizon Wireless' vtext.com offers our customers a quick, customizable solution with immediate access to content from top name providers," said Gary Schulman, Verizon Wireless' president of wireless data and Internet services. "Our requirements for quality content, flexible technology and vendor responsiveness were met by ScreamingMedia, a single-source vendor."
"Being chosen to power text messaging content for the nation's largest wireless service provider further solidifies our position as a leading provider of content and technology solutions to the mobile services arena," said Steve Spencer, chief technology officer of ScreamingMedia. "The market for text messaging on the Verizon Wireless network is poised to explode and our customizable solutions and services are a perfect fit for the Verizon Wireless service requirements."
ScreamingMedia (Nasdaq: SCRM) provides complete content solutions for all enterprise platforms. Powered by its state-of-the-art technology platform, ScreamingMedia offers its clients robust content and technology services to meet all their business needs. ScreamingMedia's technology powers the aggregation, integration and distribution of content into Websites, Intranets, Wireless solutions, iTV, and virtually any other platform. ScreamingMedia specializes in turn-key and custom applications for information-intensive industries, such as finance, healthcare, technology, publishing and consumer-focused businesses. Serving the United States, Europe and Latin America, ScreamingMedia is headquartered in New York City and has offices in San Francisco, London, Paris and Sydney, Australia through an exclusive agreement with BecomeMedia. For more information, visit ScreamingMedia's website at www.screamingmedia.com.
The release contains information about future expectations and plans of ScreamingMedia's management and prospects of ScreamingMedia's business that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the timely development and market acceptance of new and updated products, our ability to expand our infrastructure (including personnel and computer systems) and the effect of competition. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Readers are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission. ScreamingMedia undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
About Verizon Wireless
Verizon Wireless is the largest wireless communications provider in the U.S. with more than 28.7 million wireless voice and data customers. The coast-to-coast wireless provider was formed by the combination of the U.S. wireless businesses of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD), including Bell Atlantic Mobile, AirTouch Cellular and GTE Wireless. Verizon Wireless has a footprint covering more than 90 percent of the U.S. population, 49 of the top 50 and 97 of the top 100 U.S. markets. The company, headquartered in Bedminster, NJ, is 40,000 employees strong. Reporters and editors can find more information about the company on the Web at http://www.verizonwireless.com.