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Public kept in dark over amusement park safety, says insure.com

Quotesmith.com, Inc. (ticker: QUOT, exchange: NASDAQ) News Release - 5/02/2002


Public kept in dark over amusement park safety, says insure.com

 

WEST HARTFORD, Conn., May 2/PRNewswire/ -- It's easier to find the safety information about your neighborhood playground than it is for the world's No. 1 vacation destination, Walt Disney World in Orlando, Fla., according to findings by insure.com, a wholly owned subsidiary of Quotesmith.com (Nasdaq SmallCap: QUOT).

If you are like millions of Americans planning a vacation to an amusement or theme park this year, you assume the park is safe. But in fact, all fixed-site amusement rides are exempt from federal safety oversight. And, for example, all of Florida's most popular parks, such as Disney World, Busch Gardens, Universal Orlando, and SeaWorld, are exempt even from state-mandated inspections.

In 2000 there were an estimated 10,580 emergency room-related injuries associated with both fixed-site and mobile amusement rides, so parents should use the same amount of caution when visiting a theme or amusement park as they would during a visit to a local playground.

While a total of 51 people died from amusement ride-related accidents from 1987 to 2000 (the latest figures available), six states don't have state-administered inspection programs for mobile rides and eight states don't have state inspection programs for fixed-site rides.

The insure.com article "Public Kept in the Dark Over Safety of Theme and Amusement Parks," located at http://www.insure.com/gen/themeparks.html, looks at this situation and offers tips for park-goers.

Insure.com's writers are available for media interviews on auto, home, health, and life insurance topics.

About insure.com and Quotesmith.com

Founded in 1984, Quotesmith.com owns and operates two comprehensive online consumer insurance information services, www.insure.com and www.quotesmith.com. Catering to self-directed insurance shoppers, Quotesmith.com provides a comprehensive array of comparative auto, life and health quotes, including news, information and decision-making tools that are not available from any other single source. Visitors to the company's Web sites are able to obtain instant quotes from more than 300 leading insurers, achieve maximum savings and have the freedom to buy from any company shown. Quotesmith.com generates revenues from the receipt of commissions, fees, content licensing and advertising revenues paid by participating insurers. Quotesmith.com also provides personalized insurance brokerage and policy placement services for its customers. Shares of Quotesmith.com trade on the Nasdaq SmallCap Market under the symbol "QUOT."

Insure.com (http://www.insure.com) produces extensive reports about consumer insurance issues. With insure.com's interactive tools, detailed feature stories, helpful tips, and popular reader forums, consumers can become savvy insurance shoppers.

Cautions about 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 also contains 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, "intend," "may," "plans," "will," "believe," "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. Quotesmith.com 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 ability to successfully launch and realize revenues from new products and services, potential business risks associated with generating revenues from the insure.com platform, 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 Quotesmith.com's financial results are included in Quotesmith.com's Annual Report on Form 10-K for the year ended December 31, 2000, and Quotesmith.com's Quarterly Reports on Form 10-Q for the periods ended March 31, 2001, June 30, 2001 and September 30, 2001 which are on file with the United States Securities and Exchange Commission. 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. Quote availability by state or any other factor is subject to change without notice. Quotesmith.com, insure.com, LTCompare and QuotesmithPro are service marks of Quotesmith.com, Inc. All other names are trademarks of their respective owners. Copyright 2002. All rights reserved. Insure.com, Inc.

 

CONTACT: Amy Danise of insure.com, (860) 233-2800, ext. 19, or adanise@insure.com.

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