InfoSpace Extends Relationship with Verizon Wireless to Power Core Mobile Infrastructure

BELLEVUE, Wash.--(BUSINESS WIRE)--InfoSpace, Inc. (NASDAQ:INSP), a leading developer of mobile platform services, and Verizon Wireless, operator of the nation’s most reliable wireless network, today announced an extended relationship in which InfoSpace will power core pieces of Verizon Wireless’ mobile infrastructure, including its enhanced Mobile Web 2.0^SM service, which allows customers to more easily access the latest news, tools and information. The combined offerings will provide mobile customers with faster, easier access to their favorite content and information, while increasing revenue opportunities for the leading wireless service provider.

“InfoSpace’s Mobile Services Platform allows us to bring our customers an excellent mobile Web-browsing experience and easy access to relevant content and information while on–the-go”

Today’s announcement extends InfoSpace’s multi-year relationship with Verizon Wireless and reflects the increasing momentum surrounding the company’s Mobile Services Platform. InfoSpace’s relationship with Verizon Wireless includes key components of the platform’s suite of services. InfoSpace provides hosting, infrastructure and subscription management capabilities from its platform to power Verizon Wireless’ Mobile Web 2.0 service, which offers subscribers an up-to-the-minute look at the latest news spanning weather, sports, entertainment and more.

“InfoSpace’s Mobile Services Platform allows us to bring our customers an excellent mobile Web-browsing experience and easy access to relevant content and information while on–the-go,” said Jesse Money, executive director of consumer multimedia data services for Verizon Wireless. “A key selling point for us was the flexibility of the platform that allowed us to tailor pieces to fit our needs for this deployment and we’re pleased to continue our long standing relationship with them.”

“Verizon Wireless is a valued partner for InfoSpace and we are excited to extend and expand our successful relationship,” said Steve Elfman, executive vice president of InfoSpace’s mobile business unit. “As part of our Mobile Services Platform, InfoSpace is committed to delivering customized mobile solutions for carriers and helping them generate new revenue streams, and we look forward to doing so with Verizon Wireless.”

About InfoSpace Mobile

InfoSpace Mobile is a leading developer of mobile technologies and infrastructure services that help mobile users quickly and easily discover and enjoy content and information on the go. InfoSpace’s mobile platform offers carrier partners a customizable, scalable solution for the programming and delivery of mobile content, helping build stronger brands and generate revenue. Mobile users benefit from the best-in-class local search experience of InfoSpace Find It! (www.infospacefindit.com), and InfoSpace’s easy-to-use mobile portal, search, messaging and storefront offerings. The company’s mobile products and services are available to over 200 million consumers through mobile operators such as AT&T Mobility, T-Mobile, Verizon Wireless, Sprint Nextel, and Virgin Mobile.

About Verizon Wireless

Verizon Wireless operates the nation’s most reliable wireless voice and data network, serving more than 59 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 65,000 employees nationwide. The company is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.

Cautionary note about forward-looking statements

This release contains forward-looking statements regarding InfoSpace’s extended relationship with Verizon Wireless, including powering core pieces of Verizon Wireless’ mobile infrastructure, including its enhanced Mobile Web 2.0SM service. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect InfoSpace's actual results include actual performance under our extended relationship with Verizon Wireless, the progress and costs of deployment of products and services, the scope and timing of user adoption and implementation and market acceptance of the application and features of InfoSpace’s mobile search technology. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q as filed from time to time, in the section entitled "Risk Factors." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.