|Amazon.com Establishes Relationship With Intuit's Personal Finance Website and Select Desktop Software|
SEATTLE, WA (July 21, 1998)--Amazon.com, Inc., (NASDAQ: AMZN) today announced a multi-year, multi-million dollar agreement naming Amazon.com as Quicken.com's exclusive bookseller in the United States, and the preferred provider of books in the United Kingdom and Germany. Under the terms of the agreement, Amazon.com will receive extensive placements on Quicken.com sites and provide book-related editorial content, search capabilities and promotions. Amazon.com will also be promoted on the desktop within select Quicken software, Intuit's leading personal finance software.
"Amazon.com's agreement with Intuit will provide Quicken.com users with the winning combination of Quicken.com's revolutionary personal and small business finance and tax preparation solutions and Amazon.com's content-rich catalog of finance-related books, on topics such as tax planning, financial management and personal investing," said David Risher, Amazon.com Senior Vice President of Marketing and Product Development.
"Our relationship with Amazon.com creates a great opportunity for us to continue Quicken.com's quest to provide everything consumers need to help them manage their personal finances," said Brooks Fisher, Intuit's Vice President and General Manager of Community and Marketspaces. "Quicken.com users will not only have access to Amazon.com's vast collection of books and services but also to Amazon.com's Personal Finance Selected Bestsellers list."
Amazon.com also confirmed an agreement with PC manufacturer Compaq Computer Corporation. Under the terms of the agreement Amazon.com is now included in new shipments of Compaq Presario personal computers.
These announcements follow on the heels of Amazon.com's alliance with Internet music service, Spinner.com to prominently feature a "Buy This CD at Amazon.com" link throughout its popular audio player products site.
About Intuit Inc
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, Amazon.com's limited operating history, the unpredictability of its future revenues, and risks associated with capacity constraints, management of growth, and new business opportunities. More information about factors that potentially could affect Amazon.com's financial results is included in the company's Annual Report on Form 10-K for the year ended December 31, 1997, and quarterly report on Form 10-Q for the quarter ended March 31, 1998, both filed with the Securities and Exchange Commission.
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