SOURCE: HarvestINFO

June 06, 2005 11:26 ET

PowerOne Media and HarvestINFO Announce Marketplace and Classifieds Agreement

Companies Partner to Offer Best-in-Breed Marketplace and Classified Marketplace Solution to Newspaper Industry

EAST GREENBUSH, NY -- (MARKET WIRE) -- June 6, 2005 -- PowerOne Media announced today that it will be exiting the Integrated Marketplace and C² Classifieds markets to focus on its core businesses, including recruitment, automotive, publishing and national advertising. PowerOne has tapped HarvestINFO and its Marketplace Local™ platform as the single preferred replacement solution for classifieds/marketplace customers.

"Our first priority is a smooth and effective transition for our customers. We want them to know there will be no disruption of service and we will support them in every way to help migrate their sites," said J. Markham Green, Chairman of PowerOne Media, "We feel very good about selecting HarvestINFO as our only recommended replacement. The Marketplace Local™ platform is the premiere online shopping portal in the market and HarvestINFO is a trusted vendor that has served the newspaper industry for almost 10 years. We have worked out a migration plan with HarvestINFO to ensure a seamless and timely transition for all our customers."

"We are truly excited about the opportunity to serve PowerOne's marketplace and classified clients. We have already worked out a complete migration plan with PowerOne to ensure that the migration process is both immediate and seamless for our customers. The Marketplace Local platform will offer additional value-added features and functionalities that will be viewed favorably by our customers, the online advertisers, as well as the online user community," said Scott Bailey, CEO/Founder of HarvestINFO.

Mr. Green reiterated that PowerOne is fully committed to its core businesses -- recruitment, automotive, publishing and national advertising. "Given the unique challenges in the marketplace today," said Mr. Green, "we feel it's in the best interests of our customers to focus our resources where we have the leading market solutions combined with where we see the best opportunities for growth. We are more committed than ever to Zwire!, CareerSite, Center for American Jobs and CarCast."

"The investment in HarvestINFO continues more aggressively than ever before to meet current and future customer growth and capacity requirements. The adoption of our Marketplace Local portal has lead to dramatic increases in page views, unique visitors and incremental online revenue gains for the specific newspaper sites. We have a real passion for technology at HarvestINFO and we will continue to push the envelope with our new products and drive the online successes of our customers. These additional investments and enhanced product features enable us to be the preferred provider to the industry," said Scott Bailey, CEO/Founder of HarvestINFO.

About HarvestINFO

HarvestINFO was founded in 1996 and is located in Mason, Ohio. Today HarvestINFO serves over 400 newspapers worldwide, representing over 50 publishers. HarvestINFO provides newspapers with the #1 local/regional shopping solution for all advertisement types. To learn more about turning your website into the ultimate Shopping Channel in your market, visit www.harvestinfo.com or call Mike Galamb, Vice President of Sales at 513.701.3000 ext. 248.

About PowerOne Media

PowerOne Media, L.L.C. is the parent company of PowerOne Media, Inc. and CareerSite, Inc. Through these two subsidiaries, PowerOne Media offers online solutions for newspapers, hosting the largest online newspaper network in the United States. PowerOne Media products serve the areas of recruitment, automotive, online publishing, display ads, special sections, local search and targeted advertising. PowerOne Media serves over 1,000 newspapers nationwide and offers national advertisers access to a network of locally branded web sites that allow them to target nationally, regionally or locally within a broad range of content channels. For additional company and product information, please visit www.poweronemedia.com, or contact Patrick Burns at pburns@poweronemedia.com.

Contact Information

  • Contact:
    Mike Galamb
    Vice President of Sales
    HarvestINFO
    513.701.3000 ext. 248.

    Patrick Burns
    PowerOne Media
    pburns@poweronemedia.com