|Amazon.com Issues Statement Regarding Barnes & Noble-AOL Commerce Agreement|
SEATTLE, WA (December 18, 1997)-- Amazon.com (Nasdaq: AMZN) said today that the Barnes & Noble/America Online commerce agreement has no effect on Amazon.com's existing position as an exclusive bookseller on America Online.
Amazon.com announced a three-year exclusive bookseller agreement with AOL in July of this year. Under the terms of the agreement, Amazon.com is the exclusive bookseller on AOL.com and AOL's NetFind search engine. In addition, Amazon.com has multi-year exclusive and premier bookseller relationships with 5 of the top 6 sites on the World Wide Web: AOL.com, Yahoo!, Netscape, GeoCities, and Excite.
"Amazon.com is and continues to be one of AOL's strongest partners," said Bob Pittman, president and chief executive officer of AOL Networks. "With the impressive results Amazon.com continues to garner, we feel very strongly about this partnership and are looking forward to working together with Amazon.com in the future and to build on this relationship," continued Pittman.
"Of all the online bookstores, Amazon.com has the biggest selection, is the easiest to use, and offers the lowest prices," said Jeff Bezos, founder and CEO of Amazon.com. "Amazon.com is providing the best possible online experience for book buyers and is the clear leader in online bookselling with a PC Meter (Media Metrix) reach of 5.9% compared to its nearest competitor's 1.5%."
Amazon.com Inc., Earth's Biggest Bookstore, is the leading online retailer of books and is the premier bookseller on AOL.com, Yahoo!, Netscape, Excite, the AltaVista Search Service, @Home Network, and the Prodigy Shopping Network.
Amazon.com offers a catalog of 2.5 million titles, easy-to-use search and browse features, e-mail services, personalized shopping services, secure Web-based credit card payment, and direct shipping to customers. Amazon.com has virtually unlimited online shelf space and offers customers a vast selection through an efficient search-and-retrieval interface, as well as streamlined ordering through 1-Click(SM) technology.
Amazon.com is headquartered at 1516 Second Avenue, Seattle, WA 98101. Internet address: http://www.amazon.com. Telephone: 206-622-2335.
This announcement contains forward-looking statements that involve risks and uncertainties, and actual results may differ materially from predicted results. Potential risks and uncertainties include, among others, Amazon.com's limited operating history, the unpredictability of its future revenues, and risks associated with capacity constraints and management of growth. More information about factors that potentially could affect Amazon.com's financial results is included in the company's final prospectus, dated May 15, 1997, as well as the company's Form 10Q for the third quarter ended September 30, 1997, both filed with the Securities and Exchange Commission.
Amazon.com, Earth's Biggest Bookstore, and 1-Click are service marks of Amazon.com Inc. All other names are trademarks and/or registered trademarks of their respective owners.