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[mySimon LOGO]
FOR IMMEDIATE RELEASE
mySIMON, INC. TO CONTEST FINDING IN SIMON PROPERTY GROUP TRADEMARK SUIT
SANTA CLARA, CA - AUGUST 31, 2000 - mySimon, inc. (www.mySimon.com), the leading
online comparison shopping site, today announced that it disagreed with an
Indianapolis jury's finding that the company infringed on a trademark. The
company believes the finding was not supported by the facts or the law and plans
to contest it.
The jury verdict, which was rendered in federal district court in Indianapolis
today, found that the "mySimon" mark infringes the mark of Simon Property Group,
an Indianapolis-based real estate development and management company. The jury
awarded Simon Property Group damages in the amount of $26.8 million.
"We were obviously very surprised and disappointed by the finding and believe
that it was not supported by either the law or the facts. We plan to challenge
the finding," said Josh Goldman, CEO of mySimon, inc.
The judge presiding over the case has not yet entered judgment on the jury's
verdict, nor has he ruled on Simon Property Group's request that mySimon
relinquish its name.
ABOUT mySIMON, INC.
mySimon (www.mySimon.com) is the premier Internet e-commerce hub focused on
comparison-shopping. mySimon's easy-to-use Web shopping service, powered by
Virtual Learning Agent (VLA) technology, helps consumers find the best values
for almost anything sold online. mySimon searches millions of products at
thousands of stores online and has received the honor of being highlighted as
the only Forbes' Favorite in the comparison shopping category in the 2000 Forbes
Magazine's Best of the Web issue. mySimon is a member of CNET Networks, Inc.
(NASDAQ: CNET).
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MEDIA CONTACT: Blaise Simpson, CNET Networks, Inc., 415 364-8447,
[email protected]
