Staples, Inc. (ticker: SPLS, exchange: NASDAQ Global Market (.O))
News Release -
Staples.com Expands Services Offering to Empower Small Business; LiveCapital, RecoverDebt, MyCorporation, ebDirect, and Verizon Help Small Businesses Do Business
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Nov. 6, 2000--Building on its
strategy to provide small businesses with a single resource to grow
their business, Staples.com today announced five new services that
help customers obtain funding, collect debts, incorporate their
businesses, select health insurance and sign up for DSL services.
Adding to the more than 35 Staples.com hand-selected service
providers, the five new providers of these services include
LiveCapital, RecoverDebt, MyCorporation, ebDirect and Verizon Online
are now available at www.staples.com/bizservices.
"We do the homework for our small business customers by
researching the best providers in each service category and by
aggregating them in one place," said J.B. Lyon, vice president of
business services for Staples.com. "These new providers help our
customers concentrate on growing their business, not searching for
financing solutions, benefits or telecommunications services.
Staples.com makes it easier to run a business and we stand behind each
service we offer."
Staples' team of business experts identifies important, everyday
services for small businesses and then performs extensive due
diligence on potential providers, from a thorough evaluation of their
services to an assessment of their financial backing and management
team. In addition, extensive content, decision-making tools,
side-by-side comparisons and expert content make Staples.com a
convenient place to research and purchase business services.
Staples.com offers more than 65 types of services through its approved
providers and a quote request service with access to thousands of
pre-qualified vendors. The new Staples.com business services include:
LiveCapital provides companies serving the small business
market with secure real-time financing and credit solutions.
Its services provide small business customers with access to
instant credit. A customer can complete one short application,
have that application immediately evaluated, and instantly
secure multiple financing offers from members of the
LiveCapital Financing Network(TM), a diverse collection of
over 70 leading lenders and lessors who together offer loans,
lines of credit, trade credit, equipment leases, credit cards
RecoverDebt offers creditors of all sizes access to leading
debt collection tools, including fee-based services, such as
notification letters and letter series, and contingency-based
collections. RecoverDebt.com works with the world's leading
debt-collection agencies to provide customers with affordable,
easy-to-use and fully trackable debt-collection services.
Legal and Insurance
MyCorporation offers customers a variety of convenient and
value-driven services to help them get their businesses off
the ground, including Incorporation, Limited Liability Company
formation, free Online Trademark Search, Comprehensive
Trademark Search, Trademark Registration Application
Preparation, free Trademark and Domain Monitoring services.
ebDirect, a Web-enabled employee benefits services provider,
offers customers a full range of group and individual benefits
choices from leading health care, vision, dental, disability
and life carriers. Service features include comparative
quotes, customer service with local expertise, dedicated
account managers, and an online benefits administration
Technology & Communication
Verizon Online provides Staples.com customers with low cost,
high speed, instant access to the Internet through Verizon
Online DSL service. There are no service connection fees and
the first 30 days of service are free.
Staples.com, a division of Staples Inc. (NASDAQ:SPLS), is an
award-winning business-to-business electronic marketplace offering a
comprehensive solution for the office needs of business customers.
Staples.com currently provides an electronic marketplace where small,
mid-sized and large businesses can procure office products and
business services and obtain business information and expert content.
Staples.com includes the operations of Staples Inc.'s e-commerce
sites: Staples.com, Quill.com and StaplesLink.com, as well as its
Canadian e-commerce business.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Staples, Inc.'s business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For
a discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's Annual Report or Form
10-Q for the most recently ended quarter.
||Doug Russell/ Kimberly Baker