InPhonic Continues to Amass Industry-leading Clients
CNET and eCost Select InPhonic for their New Wireless Shopping and Content Services
Washington, D.C. – January 27, 2005 – InPhonic, Inc. (NASDAQ: INPC), a leading online retailer of wireless phones and service plans, today announced that it has entered into an agreement with CNET (www.cnet.com), the trusted, unbiased resource for people interested in enhancing their life with personal technology, and a separate agreement with eCost (www.ecost.com), a subsidiary of PC Mall, Inc. and a leading multi-category, online retailer to promote and provide access to its wireless products, content and services through their new online wireless stores.
For CNET and eCost, the InPhonic-powered online wireless store and comparison shopping services will provide customers with a secure e-commerce platform that helps them find the calling plans and wireless phones that best solve their particular usage needs, and allows them to purchase their selected phone packages with a click of their mouse or keyboard. The CNET wireless site will also include comparison shopping tools that allow current mobile phone users to analyze their existing plans using a simple, step-by-step process, and makes it simple for customers to review alternative plans with different monthly rates and/or better features. For eCost, the new online wireless store bolsters its broad multi-category product offering, and adds a key and long-awaited product category. In addition to InPhonicâ€™s broad selection of wireless devices and cellular accessories, eCOST will now be able to offer its customers access to wireless service plans from Americaâ€™s leading wireless carriers through InPhonicâ€™s e-commerce platform. Collectively, InPhonicâ€™s wireless carrier partners service over 99% of Americaâ€™s population.
â€œInPhonic opens the year with increasing market momentum signing these large online distribution deals,â€ said David A. Steinberg, Chairman and CEO, InPhonic. â€œOur ability to add industry-leading clients reflects our reputation and strength in the marketplace, and the value of the InPhonic e-commerce platform.â€
Headquartered in Washington, D.C., InPhonic, Inc. (NASDAQ: INPC) is a leading online retailer of wireless services and products. InPhonic sells these services and devices, and provides world-class customer service through websites that it creates and manages for online businesses, national retailers, member-based organizations and associations under their own brands. InPhonic also operates Wirefly, a leading mobile phones and wireless plans comparison site that was awarded â€œBest of the Webâ€ by Forbes magazine in 2004. Today, InPhonic owns and operates Liberty Wireless, a leading MVNO and can deliver a full range of mobility solutions to enterprise clients through its Mobile Virtual Network Enablement (MVNE) platform. In 2004, InPhonic was selected #1 company of the year on the Inc. 500 – Inc. Magazineâ€™s list of the fastest-growing privately held companies in the United States. More recently, InPhonic was named T-Mobileâ€™s Internet Partner of the Year for 2004. For more information on the company, its products and services, visit the InPhonic Corporate Web site at www.inphonic.com.
"Safe Harbor" Statement - Under the Private Securities Litigation Reform Act of 1995, this press release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual operating results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by the Company. This press release and statements are current as of the date of the individual announcements and the Company undertakes no obligation to publicly release any revisions to any forward-looking statement to reflect events or circumstances after the date thereof or to reflect the occurrence of unanticipated events.