Proxicom and Giggo.com Launch New & Innovative Auto Financing Web Site
19 May 1999
Proxicom and Giggo.com Launch New & Innovative Auto Financing Web Site
RESTON, Va.--May 19, 1999--Proxicom, Inc. , a leading Internet consulting and development company, and Giggo.com announced the launch of the first online auto financing portal that focuses on simplifying the car buying process. Giggo.com provides customers with a comprehensive information program, an easy, direct loan process and competitive interest rates. Giggo.com is a fast, friendly and easy-to-use financing site - consumers can now obtain direct financing and excellent customer service from their desktops."Much like Giggo.com, Proxicom has consistently shown a commitment to providing excellent customer service," said Jeff Danford, Director of Giggo.com. "Proxicom was intimately involved in developing our e-commerce strategy because it has a deep understanding of our business objectives and how to apply them to this new service offering. Killen and Associates predicts that 40% of all new auto loan originations will be done online by the year 2005. We believe that Giggo.com is well positioned to target this growth and plan to be handling some 100,000 applications per month by the year 2001."
Proxicom provided the e-commerce strategy, systems integration and creative design services for Giggo.com, which included an appealing and easy-to-navigate user interface. "Since the project's inception, we have enjoyed our partnership with Giggo.com in developing the original business model and executing the Web site," said Karl Lewis, Vice President of Proxicom's Strategic Consulting Practice. "Internet consumers and customers looking for alternative ways of financing their vehicle want fast, simple service. Giggo.com is a one-stop shop for customers to do everything from financing to getting tips on vehicle prices."
Giggo.com has partnered with third party financial information providers IntelliChoice, BankRate Monitor, icredit, CarFax and FinanCenter's CalcBuilder. Giggo.com is exploring other partnerships with several leading financial lending institutions to build its reach of consumers with more variety of financial services at the best available rates. Giggo.com is currently available in most states and will be accessible nationwide by the end of the year.
Giggo.com is part of debis Financial Services, a division of the global services provider, debis AG. For more information, access Giggo.com at http://www.giggo.com.
Proxicom, Inc. (www.proxicom.com) is a leading provider of Internet solutions to Global 1000 companies. Proxicom focuses exclusively on the Internet and has successfully completed more than 600 engagements since 1994. Its Internet solutions include business-to-consumer electronic commerce Internet sites, business-to-business electronic commerce Extranets and company specific Intranets. These solutions adhere to an exclusive methodology, the Proxicom Process, which integrates strategy, technology and creative design expertise to help clients exploit the Internet's full potential. Proxicom sells, delivers and builds its expertise through industry practices made up of Energy & Telecom, Financial Services, Retail & Manufacturing and Service Industries.
Proxicom has led efforts for companies such as Mercedes-Benz Credit Corporation, Hoffmann-La Roche, Inc., Aramco Services Company, Cox Interactive Media, Marriott International, Schlumberger N.V., Kemper Insurance Companies and more. Based in Reston, VA, Proxicom employs more than 450 professionals with offices in San Francisco, Sausalito and Sacramento, CA as well as New York City, Chicago, Houston and Munich, Germany.
Proxicom is a registered trademark of Proxicom, Inc. All other product, service and company names are trademarks, registered trademarks or service marks of their respective owners.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Statements in this release regarding Proxicom, 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 in this release, see the "Risk Factors" section in the company's prospectus dated April 19, 1999.