Accumedia Convergence Platform Selected for GR8RIDE.com
Accumedia Convergence Platform Selected for GR8RIDE.com
Primedia's Auto Enthusiast Portal to Utilize ACP to Satisfy Diverse Performance, Scalability and Flexibility Requirements BOULDER, Colo., July 17 Primedia's GR8RIDE.com, the leading automotive enthusiast portal, today announced it has selected Accumedia, a leading provider of Web publishing and e-business solutions to develop and manage its Web operations. By utilizing the Accumedia Convergence Platform(TM) (ACP), GR8RIDE will have a high-performance system to address its ambitious online business plans, which will significantly expand the portal's commerce-based initiatives, including marketplace, event and affiliate marketing, as well as advertising, sponsorship and promotional activities. GR8RIDE represents the second Primedia property to work with Accumedia in recent months, along with the Wedding Network/ModernBride.com family of Web sites, and strengthens the recently announced strategic relationship between the two companies. The GR8RIDE portal provides one-stop shopping for auto enthusiasts through up-to-date product information and reviews, how-to advice, community services and access to products from many leading brands and retailers. The ACP enterprise content management capabilities will enable GR8RIDE to easily and cost effectively redeploy content from Primedia's 29 auto enthusiast magazines across its portal. The ACP also will allow GR8RIDE to customize the user experience throughout the content and retail areas of the site while providing significant improvements in back-end administration. With the ACP, many types of users including editorial, sales, marketing, and supplier and commerce partners can perform a variety of functions -- from managing content delivery to administering promotional and advertising campaigns. "We are very impressed with Accumedia's functionality and the associated economic proposition, which we anticipate will reduce our overall Web operations costs by 55 to 70 percent," said George Vrabeek, CEO of GR8RIDE. "The managed ACP provides an affordable, high-performance system that gives us the flexibility to pursue a variety of Web-based revenue and promotional opportunities. No other supplier could meet our functional requirements and still address our aggressive deployment schedule." The ACP is a hosted platform that allows Web publishers to focus on their core competencies -- customers and content -- while Accumedia manages the complex Web application technology and hosting infrastructure. The ACP delivers a complete integration of best-in-breed site design, Web content management, digital asset management, content relevance and content delivery capability. It was developed exclusively to meet the unique needs of companies who must lower their Web operations costs, while maintaining the flexibility to easily and quickly modify their online business objectives and provide the fresh and relevant content that readers demand. "Already the premier auto enthusiast portal, GR8RIDE is looking to further increase its market leadership. With the Accumedia Convergence Platform, it will be able to provide a more compelling online experience for its customers and create a more profitable business for both GR8RIDE and its affiliates," said Ed Williams, CEO of Accumedia. "Our unique Software-on-Demand functionality will support GR8RIDE's online revenue objectives, while providing the flexibility to respond to future Web-based opportunities." The revised GR8RIDE.com site is expected to launch in August 2001. ABOUT ACCUMEDIA Accumedia, based in Boulder, Colo. and founded in 1999, is the leader of managed Web publishing and e-business solutions for the publishing, media and entertainment industries. The innovative Accumedia Convergence Platform contains a fully integrated suite of hosted software applications for design, extended content management, personalization, commerce and multi-platform delivery. The ACP, enhanced by Accumedia's professional services group, dramatically cuts operational and content management costs while supporting new revenue streams. For more information, contact the company at 720/565-2260 or visit its Web site at http://www.accumedia.com. ABOUT GR8RIDE GR8RIDE.com is the one-stop-shop where auto enthusiasts can receive up-to-date product information, how-to advice, consumer product reviews and access to industry-leading products and services from the brands and retailers consumers trust. GR8RIDE demonstrates PRIMEDIA Inc.'s commitment to its new media vision by presenting rich media content backed by the interactivity of the Web. In addition, GR8RIDE has capitalized on the power of PRIMEDIA Inc.'s print brands and market domination to build a successful e-commerce business and better service Internet-ready niche communities. ABOUT PRIMEDIA PRIMEDIA is the new tradition in media. With 2000 sales of $1.7 billion from a unique combination of traditional and new media properties, it is the leading targeted content and integrated marketing solution in both the consumer and business-to-business sectors. The Company is the #1 special interest magazine publisher in the U.S., with more than 230 titles such as Seventeen, New York, Fly Fisherman, American Baby, Telephony, American Demographics; the #1 producer and distributor of specialty video with 18 satellite and digital video product lines, including, Channel One Network; and the #1 news and information group on the Internet, with over 1,000 special interest web sites led by About.com. PRIMEDIA's stock symbol is: NYSE: PRM. More information about the Company can be found at http://www.primedia.com. For further information, please contact: Cary Tengler of Accumedia, 720/565-2283, c.tengler@accumedia.com; or Terri Douglas of Catapult PR-IR, 303/581-7760, tdouglas@catapultpr-ir.com, for Accumedia.