Quotesmith.com Named as Insurance Content Provider by Fidelity Investments Affiliate Insurance.com
Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 3/2/2000
Quotesmith.com Named as Insurance Content Provider by Fidelity Investments(R) Affiliate Insurance.com(SM)
DARIEN, Ill., March 2 /PRNewswire/ -- Quotesmith.com, Inc. (Nasdaq: QUOT), the only place on earth where you can get instant insurance quotes from more than 300 leading companies, announced today that it has been named to provide its instant term life insurance quote technology and customer care services for Insurance.com(SM), an affiliate of Fidelity Investments(R). Terms of this agreement were not disclosed.
Today's announcement coincides with the formal launch of Insurance.com and its life stage planning model which empowers self-directed consumers to create and manage their insurance portfolios. Quotesmith.com has been named by Insurance.com to provide instant term life insurance policy quotations from Quotesmith's database of 130 leading life insurance companies.
Insurance.com offers its resources to both Fidelity Investments' 15 million customers and to the general public.
"We're delighted to have been named by Insurance.com as a technology and customer service partner. Insurance.com, backed by the world's largest mutual fund company and owner of the most desirable Internet insurance address, is destined to become a leading insurance marketplace. The Insurance.com site is fast, easy to understand, informative and unbiased," said Quotesmith.com chairman and CEO Robert Bland.
Lou Geremia, Insurance.com president commented, "We chose Quotesmith.com to be our term life insurance quote and customer service provider because of the depth of their databases and their longstanding experience in making the life insurance purchase as frictionless as possible."
Quotesmith.com provides insurance shoppers with instant quotes from more than 300 leading companies across several lines of insurance. Quotesmith.com boasts the industry's most unbiased and technologically advanced customer service capabilities, staffing its call centers with salaried, insurance- experienced representatives who assist customers from quote to policy delivery. Quotesmith.com completed a $63 million initial public offering in August 1999. The company's shares trade on the Nasdaq Exchange under the symbol "QUOT."
Insurance.com is the objective, online marketplace that informs and empowers consumers to select the most appropriate insurance products for their needs from a variety of companies. The company's mission is to offer consumers an unbiased, content rich, life event-driven online insurance resource. Formed by Fidelity Investments in June 1999, Insurance.com Insurance Agency LLC upholds the same values of trust, responsibility, and service upon which Fidelity was founded. Insurance.com offers its resources and products to Fidelity's 15 million customers as well as the general public. For more information, visit insurance.com .
Forward Looking Statements
This announcement may contain forward-looking statements that involve risks, assumptions and uncertainties pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. This announcement may also contain forward-looking statements about events and circumstances that have not yet occurred and may not occur.
Expressions of future goals and similar expressions including, without limitation, "may," "will," "believes," "should," "could," "hope," "expects," "expected," "does not currently expect," "anticipates," "predicts," "potential" and "forecast," reflecting something other than historical fact, are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements.
Investors should be aware that actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Reported Web site activity and/or quotes are not necessarily indicative of any present or future revenue.
The Company will not necessarily update the information in this press release if any forward-looking statement later turns out to be inaccurate. Potential risks and uncertainties include, among others, Quotesmith.com's limited e-commerce operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, the evolving nature of its business model, the increasingly competitive online commerce environment, dependence on continuing growth of online commerce and risks associated with capacity constraints and the management of growth. More information about potential factors that could affect the company' s financial results is included in the company's final prospectus dated August 3, 1999, as filed with the United States Securities and Exchange Commission.
This communication appears as a matter of information only and is not an insurance solicitation. Accordingly, no employee of Quotesmith.com, Inc. is recommending or endorsing any specific insurance company, coverage or policy type within this communication. Some insurance companies appear at Quotesmith.com for purely informational purposes only and pay no compensation to Quotesmith.com and some insurers pay commissions or fees to Quotesmith.com based upon premium volume or traffic activity produced by Quotesmith.com. Quotesmith.com is not an agent for all insurers shown at www.quotesmith.com. Quote availability by state of residence or any other factor is subject to change without notice.
Quotesmith.com is a service mark of Quotesmith.com, Inc. All other names are trademarks of their respective owners. Published by South Dakota agent #333509159, California agent #0827712 and #OA13858, UT #90093. California and Utah dba Quotesmith.com Insurance Services. SOURCE Quotesmith.com, Inc.
CONTACT: Mark Johnson of The Financial Relations Board, e-mail, firstname.lastname@example.org, 312-640-6793; Erica Steinig of Brodeur Worldwide, e-mail, email@example.com, 617-587-20918