SOURCE: ChannelAdvisor Corporation

June 06, 2005 08:30 ET

ChannelAdvisor Announces New Functionality for Merchant Software

Latest Functionality Allows Top SMB Merchants to Distribute Products to Several New Channels

RESEARCH TRIANGLE PARK, NC -- (MARKET WIRE) -- June 6, 2005 -- ChannelAdvisor, the leading provider of channel management solutions (CMS), today announced new functionality to its self-service marketplace management software, ChannelAdvisor Merchant, designed to give top SMB Merchants an automated way to manage and grow sales on eBay (NASDAQ: EBAY) and other online marketplaces. The new release provides a comprehensive solution that allows merchants to distribute products to several new channels including Froogle (NASDAQ: GOOG), Yahoo! Shopping (NASDAQ: YHOO), Shopping.com (NASDAQ: SHOP), NextTag, Shopzilla and Smarter.com. In addition, a variety of ChannelAdvisor Store and international features were included in this release.

ChannelAdvisor Merchant is an on-demand platform, offering online channel management solutions to help companies increase sales and productivity. Merchant enables top SMB merchants to leverage the power of the software platform used by the leading Enterprise sellers like Sears, Best Buy and IBM.

Key enhancements in this release include:

Shopping Channels -- This feature provides a comprehensive solution that solves the challenges of managing multiple comparison shopping engines and allows merchants to quickly and easily direct products from a ChannelAdvisor Store to several comparison shopping engines including Froogle, Yahoo! Shopping, Shopping.com, Smarter and NextTag.

Promotions Manager -- This new feature provides the means for a merchant to convert a potential buyer into a motivated buyer allowing the seller to offer a discount to buyers either on merchandise or shipping amounts. By utilizing the Promotion feature a merchant can increase sales by encouraging repeat purchases.

International Features -- Support for the Value Added Tax (VAT) in Europe and GST in Australia enables international merchants to collect inclusive or exclusive Value Added Tax on items sold, and to optionally collect VAT on shipping cost. Other international enhancements include translating invoices/packing slips, additional translations for valid payment types; customization of checkout fields based on country, offers metric weight measurements in both the metric and English systems and support of Switch/Maestro, Solo and Delta credit cards at checkout. These features will improve the buyer experience in the United Kingdom, Australia, Germany, Spain and France.

Shipping Enhancements -- Includes shipping integration with USPS via Endicia and improved FedEx Shipping Reports.

"We are very excited about ChannelAdvisor's Shopping Channels feature and are looking forward to taking our business to the next level and growing our sales across multiple shopping sites with this new feature," says Marc Ducey, President of GolfEtail. "ChannelAdvisor's automated software is the best in the industry. We have been very happy with the functionality and customer support that we have received and look forward to working together in the future."

These new features and enhancements build on ChannelAdvisor Merchant's core platform tailored for top SMB merchants selling on multiple online channels. If you would like to learn more about ChannelAdvisor Merchant please visit us at eBay Live at Booth # 1217 or visit us at http://www.channeladvisor.com/ebaylive/.

ChannelAdvisor will be delivering one-on-one demos and highlighting these new features of Merchant at eBay Live but only a few spots remain. To sign-up for a live demo at eBay Live visit http://www.channeladvisor.com/ebaylive/register.asp.

"ChannelAdvisor strives to offer the most functional software platform for the top online SMB merchants," says Scot Wingo, CEO and President of ChannelAdvisor. "We will continue to innovate as we deliver the most reliable, scalable and available solution in the industry."

About ChannelAdvisor Corporation

ChannelAdvisor provides technology and services that enable industry-leading companies, small businesses and individuals to use online marketplaces to acquire customers and maximize inventory yield throughout the product lifecycle. Our solutions combine best practices, innovative software applications and integration technology to dramatically accelerate marketplace performance. ChannelAdvisor's clients and strategic alliances include IBM, Best Buy, Sears, Motorola, eBay, Overstock.com, and Yahoo!. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with an office in London and Germany. For more information, visit http://www.channeladvisor.com/.

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