Staples, Inc. (ticker: SPLS, exchange: NASDAQ Global Market (.O))
News Release -
MSN and Staples Form Alliance to Bring Technology to Customers
MSN Will Become Preferred Provider of Internet Access in Staples Stores
REDMOND, Wash., April 25 /PRNewswire/ -- The MSN(R) network of Internet
services, the leading consumer network in the world with 230 million unique
users, and Staples Inc. (Nasdaq: SPLS), the pioneer of the office superstore
industry, today announced a broad agreement designed to strategically align
Staples with MSN. As part of the agreement, MSN will become the preferred
provider of Internet access at Staples stores throughout the United States.
The alliance also encompasses Internet access promotion through joint in-store
and online marketing efforts, the promotion of Staples throughout MSN, and
back-end technology assistance.
(Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000822/MSFTLOGO )
Under the three-year agreement, MSN will become the preferred provider of
Internet access and Internet access devices, such as MSN Companion, at more
than 830 Staples stores across the United States. Staples.com will have
prominent placement across MSN properties, including becoming an anchor tenant
on MSN eShop. In addition, MSN will provide training tools to help Staples'
associates work with customers.
This agreement expands on the current relationship between MSN and
Staples, which is designed to bring MSN Internet Access promotions to Staples
customers. Currently, Staples offers consumers a year of MSN Internet Access
with the purchase of a qualifying PC.
"Working with Staples provides MSN with another outlet to reach even more
consumers and provide them with online content and services to be more
productive in their daily lives," said Yusuf Mehdi, vice president of MSN.
"We're excited to be taking our relationship with Staples to the next level,
fostering our mission to empower consumers through great software and services - any time, any place and on any device."
"We've selected MSN based on the superior online experience the company
offers today and its commitment to continually develop technology that
enhances the online experience," said Jonathan Magasanik, senior vice
president of merchandising at Staples. "This is very much a forward-looking
decision to offer MSN to Staples' customers."
The alliance allows two recognizable brands, MSN and Staples, to provide
the tools and connectivity solutions to help millions of customers get online
and make the most out of the Internet, and offers exciting incentives for
getting connected through MSN as well.
Staples is an $11 billion retailer of office supplies, furniture and
technology to consumers and businesses from home-based businesses to Fortune
500 companies in the United States, Canada, the United Kingdom, Germany, the
Netherlands and Portugal. Headquartered outside Boston, Staples invented the
office superstore concept and today is the largest operator of office
superstores in the world. The company has over 50,000 employees serving
customers through more than 1,300 office superstores, mail order catalogs,
e-commerce and a contract business. More information about the company is
available at http://www.staples.com/ .
Certain information contained in this news release constitutes
forward-looking statements for purposes of the safe harbor provisions of The
Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by such forward-looking statements as a result
of various important factors including risks related to Staples' ability to
compete in its highly competitive market, Staples' ability to continue to
successfully open new stores, Staples' quarterly operating results being
subject to significant fluctuation, Staples' stock price fluctuating based on
the expectations of professional securities analysts, the strain on operations
due to Staples' rapid growth which can affect operating results, the ability
of Staples' foreign operations and Staples.com to become profitable and the
ability of Staples to obtain adequate future financing. Additional information
concerning these factors is contained in Staples' Quarterly Report on Form
10-Q dated Dec. 11, 2000, which is on file with the Securities and Exchange
MSN gives consumers a new home on the Internet -- a central place where
they can get everything they need from the Web and make the most of their time
online. With more than 230 million visitors per month, the MSN integrated
network of content and services is the most popular destination on the
Internet. MSN is available in 33 markets and in 17 languages -- a broader
global presence than any other network. MSN takes advantage of the
Microsoft(R) .NET platform to offer leading services, any time, any place and
on any device, with an integrated and personalized user experience for
communications, search, shopping, personal finance and entertainment. MSN
Internet Access and the recently introduced MSN Explorer offer quick, personal
and exciting ways to get on to and take advantage of the Web. Best-of-breed
services include the MSN Hotmail(R) Web-based e-mail service, the world's
largest Web-based e-mail system; MSN Messenger Service, one of the
fastest-growing instant messaging services on the Web; MSN Search, the
second most popular online search service; MSN Mobile, the customizable
wireless information service; the award-winning MSN MoneyCentral(TM) online
personal finance guide; MSN eShop, the one-stop online shopping resource; and
MSN Custom Web Sites, the easy way to share information on the Web. MSN is
located on the Web at http://www.msn.com/ .
Founded in 1975, Microsoft (Nasdaq: MSFT) is the worldwide leader in
software, services and Internet technologies for personal and business
computing. The company offers a wide range of products and services designed
to empower people through great software -- any time, any place and on any
NOTE: Microsoft, MSN, Hotmail and MoneyCentral are either registered
trademarks or trademarks of Microsoft Corp. in the United States and/or other
The names of actual companies and products mentioned herein may be the
trademarks of their respective owners.
SOURCE Microsoft Corp.
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