CHICAGO, Oct. 30, 2003 (PRIMEZONE) -- CoolSavings, Inc., an online direct marketing and media company, has been named by The International Academy of Digital Arts & Sciences as a finalist in The 1st Annual Webby Business Awards.
The award nomination came as a result of CoolSavings' work in the areas of Sales Lead Generation and Increased Sales. Using its Lead Generation service, CoolSavings enables companies to efficiently obtain qualified sales leads and build their opt-in customer database to fuel their CRM initiatives. Since its launch in 1999, CoolSavings' Lead Generation service has generated more than 50 million permission-based leads on behalf of the company's advertisers.
The Webby Business Awards honor companies that excel at using the Web as a mature tool to achieve critical business goals. The Academy has presented the annual Webby Awards honoring consumer Web sites and individual achievement in technology and creativity for eight years. It launched the Webby Business Awards last fall as a separate awards program aimed at recognizing the best business practices online. The Academy will announce the Webby Business Awards winners on Nov. 18
"We are honored to be recognized by the Academy as a company who is using Internet applications to promote best business practices," said Matthew Moog, President and CEO of CoolSavings. "The Internet has become an integral part of the business world, and The Webby Awards showcase innovators who have harnessed the power of the Internet to maximize their business potential."
CoolSavings was also recently named to the 2003 Deloitte Technology Fast 500 list as one of the fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1998-2002. CoolSavings, Inc. grew 2,206 percent during this period, and was ranked 162nd.
About CoolSavings
CoolSavings is an online direct marketing and media company that provides smarter solutions to help marketers reach their target consumers. Combining a broad distribution network, sophisticated analytics and proprietary technology, CoolSavings enables a wide variety of advertisers to identify and engage their best customers using highly targeted services such as printable couponing, lead generation, e-mail, category newsletters, direct mail and product sampling. CoolSavings' popular consumer savings destination, coolsavings.com, is ranked the No. 1 coupon site on the Internet by Nielsen NetRatings (see Note). CoolSavings' consumer database contains nearly 12 million users who have been active in the last 12 months.
NOTE: Neilson/NetRatings, September 2003.
CoolSavings is a registered trademark of CoolSavings, Inc. Other product and company names herein may be trademarks of their respective owners.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release regarding CoolSavings' business that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the statements under "Business Outlook" and other statements regarding the Company's expectations, beliefs, hopes, intentions or strategies. Where possible, such forward-looking statements have been identified by use of words such as "target," "forecast," "budget," "believe," "expects" and similar expressions. Known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in this press release, may cause CoolSavings' actual results and performance to differ materially from the future results and performance expressed in, or implied by, such forward-looking statements. Among these risks are the Company's ability to obtain additional debt and/or equity financing, the uncertainties related to CoolSavings' unproven business model in a rapidly evolving marketplace, and CoolSavings' ability to protect its patents, trademarks and propriety rights. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by CoolSavings, For further discussion of some of the risks, uncertainties and other factors which could cause actual results to differ from those expressed in, or implied by, the forward-looking statements, see "Risk Factors" in CoolSavings' Form 10-K, as filed with the SEC. CoolSavings undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or developments or changed circumstances.