Verizon Wireless and Ticketmaster Online-Citysearch Announce Alliance to Offer Mobile Web Customers Convenient Access to Online Tickets, Local Content and Transactions
Pasadena, CA and Bedminster, NJ — Ticketmaster Online-Citysearch, Inc. (NASDAQ: TMCS) the leading local online network, and Verizon Wireless, the largest wireless communications provider in the United States, today announced an alliance to offer Verizon Wireless Mobile Web customers access to relevant local information, transactions and ticketmaster.com tickets via their wireless handset. The alliance with Verizon Wireless provides the opportunity for Ticketmaster Online-Citysearch to offer Local Intelligence™, TMCS' unique combination of local information and editorial recommendations with related transactions capability, to Verizon Wireless' customer base of 25 million.
Verizon Wireless today launched its nationwide Mobile Web service, which combines the convenience and mobility of wireless communications with popular content from the World Wide Web. The Mobile Web service, which runs on Verizon Wireless' robust and reliable, coast-to-coast CDMA network, gives users access to the Web-based information they want via their wireless handset.
Wireless access to local information recommended by TMCS' award-winning content team with integrated transaction functionality will enable Verizon Wireless Mobile Web customers to help make the most of their free time. For example, Verizon Wireless Mobile Web customers will soon be able to use their Web-enabled wireless phone as a convenient information resource to quickly and easily plan their time and gain access to events at thousands of locations nationwide. In addition to searching, selecting and purchasing tickets for a variety of ticketmaster.com and citysearch.com arts, family, music and sporting events, TMCS' Local Intelligence™ will soon offer Verizon Wireless Mobile Web customers other transaction functionality, including restaurant reservations.
"We have an ideal platform for expanding the utility of wireless to include applications such as purchasing tickets and making reservations. Through ticketmaster.com and our network of citysearch.com guides, we help people seek out preferred local activities and events and then provide them the opportunity to act on these choices," said Paul LaFontaine, Vice President of Corporate Development at Ticketmaster Online-Citysearch. "Since we already develop and offer access to original content and transactions via the Internet, it is a natural move for us to be able to offer these applications via Web-enabled mobile phones and other wireless devices."
"This agreement represents our commitment to introduce a complete range of customized information services for our Mobile Web customers. Ticketmaster Online-Citysearch adds real value to the service, driving users to rely on their mobile phone as an indispensable source of information that follows them anywhere," said Marc Lefar, Verizon Wireless' staff vice president, e-Business, Wireless Internet and Data Services. "Mobile Web users have the ability to completely customize their wireless Internet experience based on their personal interests and needs, so if accessing local information and having the ability to make related transactions, such as purchasing an event ticket, are critical to a user, they can easily configure their service to make those capabilities prominent on their handset."
This announcement makes Verizon Wireless the first wireless carrier to join the TMCS Local Intelligence™ Mobile Alliance Program. They join TMCS' growing list of industry partners including AvantGo, Ericsson (NASDAQ: ERICY), NeoPoint, Nokia (NYSE: NOK), OmniSky, Palm Computing (NASDAQ: PALM), and Phone.com (NASDAQ: PHCM).
About Verizon Wireless
Verizon Wireless is the largest wireless communications provider in the U.S. with more than 25 million wireless voice and data customers and nearly 4 million paging customers. The new coast-to-coast wireless provider was formed by the combination of the U.S. wireless businesses of Bell Atlantic Corp. (NYSE:BEL), Vodafone AirTouch Plc (LSE:VOD; NYSE:VOD), and GTE Corp. (NYSE:GTE). The new company includes the assets of Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless, PrimeCo Personal Communications and AirTouch Paging. The new company has a footprint covering nearly 90 percent of the U.S. population, 49 of the top 50 and 96 of the top 100 U.S. markets.
Verizon Wireless, headquartered in New York City and Bedminster, NJ, is 30,000 employees strong. Reporters and editors can find more information about the company in its Media Center on the Web at: http://www.verizonwireless.com/mediacenter.
About Ticketmaster Online-CitySearch, Inc.
Ticketmaster Online-CitySearch (Nasdaq:TMCS) is the leading local network enabling people to get the most out of their city. Operating in cities worldwide, TMCS helps people find and plan what they want to do, and then take action, with local transactions functionality such as buying event tickets, making reservations, or meeting the right people to do things with -- anytime, anywhere, on multiple devices. This integrated family of sites includesticketmaster.com, the world's number one online ticketing company; citysearch.com, the leading local network; and match.com, the premier online matchmaking service. Located in Pasadena, California, TMCS is majority owned by USA Networks, Inc. (Nasdaq: USAI) and has equity investments in Active.com, FairMarket.com, and foodline.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements about Ticketmaster Online-CitySearch, Inc. (the "Company"), including those concerning its future product plans. These forward-looking statements involve risks and uncertainties. The Company's actual results could differ materially from these statements. Among the risks and uncertainties that could adversely affect the Company's actual results are: the limited operating history and early development stage of the Company; the absence of history of Ticketmaster Online as an independent company; the Company's lack of profitability and anticipation of continued losses; the Company's dependence on its relationship with Ticketmaster Corporation; control of the Company by USA Networks, Inc.; the potential for conflicts of interest; the fact that the license agreement between USA Networks, Ticketmaster Corporation and the Company is subject to certain limitations that are contained therein; possible future sales of the Company's securities by USA Networks, Inc.; company integration risks; the Company's dependence on increased ticket sales; the Company's future capital needs and the uncertainty of additional financing; the unpredictability and potential fluctuations in future revenues and operating results. Investors are encouraged to read the risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
Ticketmaster Online-CitySearch is the owner or licensee of its name and logo trademarks and service marks. All other trademarks and trade names are the property of their respective owners.
For More Information: Ticketmaster Online-CitySearch corporate headquarters is located at 790 East Colorado Boulevard - Suite 200, Pasadena, California, 91101; +1-626-405-0050; fax +1-626-405-9929; email@example.com####