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GSI Commerce and GNC Corporation Extend E-Commerce Agreement Through 2017
Posted by: gurufocus (IP Logged)
Date: December 16, 2008 08:02AM

Press Release: GSI Commerce and GNC Corporation Extend E-Commerce Agreement Through 2017 General Communication Inc. is a diversified telecommunications provider with a leading position in facilities-based long distance service in the state of Alaska and as a result of recent acquisitions has become Alaska's leading cable television service provider. The Company seeks to become the first significant provider in Alaska of an integrated package of telecommunications and cable television services. General Communication Inc. has a market cap of $389.3 million; its shares were traded at around $7.23 with a P/E ratio of 38 and P/S ratio of 0.75. General Communication Inc. had an annual average earning growth of 14.6% over the past 10 years. GuruFocus rated General Communication Inc. the business predictability rank of 4-star. More on GNCMA: Gurus buys and sells of GNCMA 10-year financial history of GNCMA. Insider buys/sells of GNCMA.

Press Release:

Marketing Services Added and gsi interactive Named as Digital Marketing Agency of Record

KING OF PRUSSIA and PITTSBURGH, Pa., Dec. 16 /PRNewswire-FirstCall/ -- GSI Commerce Inc. (Nasdaq: GSIC), a leading provider of e-commerce and multichannel solutions, today announced a multiyear extension and expansion of its e-commerce agreement with General Nutrition Corporation (GNC), the largest global specialty retailer of nutritional supplements. Under the agreement, which runs through 2017, GSI will continue to provide GNC's online store (www.gnc.com) with e-commerce technology, order management and customer care operations.

"Since partnering with GSI, our online business has become an important channel for both product sales and information," said Beth Kaplan, president and chief merchandising and marketing officer for GNC. "We are excited about extending our e-commerce agreement with GSI and expanding our relationship to include interactive marketing services."

In addition to e-commerce services, the agreement names GSI's digital agency, gsi interactive(SM), as GNC's digital agency of record and adds a full complement of marketing services that include site usability testing, paid search marketing, comparison shopping engines, affiliate marketing, display advertising, emerging media, and e-mail services powered by e-Dialog, GSI's e-mail marketing subsidiary.

"We are very happy that GNC will continue to build its online business with GSI as its e-commerce partner," said Scott Hardy, executive vice president of business management for GSI. "This long-term, multiyear, and expanded agreement speaks to the success of the relationship and to the opportunity in front of us for continued growth."

GNC launched its online store on GSI's e-commerce platform in the fourth quarter of 2005. Online sales have since become an important channel for GNC as well as a valuable extension of its brand.

About GNC

GNC, headquartered in Pittsburgh, Pa., is the largest global specialty retailer of nutritional products, including vitamin, mineral, herbal and other specialty supplements and sports nutrition, diet and energy products. GNC has more than 5,000 retail locations throughout the United States (including 950 franchise and 1,550 Rite Aid stores-within-a-store) and franchise operations in 44 international markets. The company -- which is dedicated to helping consumers Live Well -- also offers products and product information online at [www.gnc.com] .

About GSI Commerce

GSI Commerce(R) (www.gsicommerce.com ) is a leading provider of services that enable e-commerce, multichannel retailing and interactive marketing for large, business-to-consumer (b2c) enterprises in the U.S. and internationally. We deliver customized e-commerce solutions through an e-commerce platform, which is comprised of technology, fulfillment and customer care. We offer each of the platform's components on a modular basis, or as part of an integrated, end-to-end solution. We also offer a full suite of interactive marketing services through two divisions, gsi interactive(SM) and e-Dialog Inc.

(www.e-dialog.com).

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements made in this release, other than statements of historical fact, are forward- looking statements. Actual results might differ materially from what is expressed or implied by these forward- looking statements. Additional information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.

Contact:
    GSI Commerce, Inc. Corporate Marketing
    610.491.7474
    Fax: 610.265.2866
    news@gsicommerce.com
Source: PRNewsWire More on GNCMA: Gurus buys and sells of GNCMA 10-year financial history of GNCMA. Insider buys/sells of GNCMA.


Stocks Discussed: GNCMA, GSIC,
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