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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
September 27, 1999
Date of Report
(Date of earliest event reported)
INFOSPACE.COM, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-25131 91-1718107
(Commission File No.) (IRS Employer Identification Number)
15375 N.E. 90th Street
Redmond, Washington 98052
(Address of Principal Executive Offices)
425-602-0600
(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events
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On September 27, 1999, InfoSpace.com, Inc. ("InfoSpace.com") announced that
it has reached a definitive agreement to acquire Union-Street.com, Inc., a
Washington corporation.
A copy of the press release is attached at Exhibit 99.1 to this Current
Report on Form 8-K.
Item 7. Exhibits
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(c) Exhibits
99.1 Press Release dated September 27, 1999, regarding
InfoSpace.com's announcement of the acquisition of Union-
Street.com, Inc., a Washington corporation.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 4, 1999 INFOSPACE.COM, INC.
By: /s/ Ellen B. Alben
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Senior Vice President, Legal and
Business Affairs and Secretary
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INDEX TO EXHIBITS
Exhibit
Number Description
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99.1 Press Release dated September 27, 1999, regarding InfoSpace.com's
announcement of the acquisition of Union-Street.com, Inc., a
Washington corporation.
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EXHIBIT 99.1
Press Release
September 27, 1999
InfoSpace.com to Acquire Union-Street.com
InfoSpace.com will now be able to offer affiliates a wider range of integrated
interactive business to business services, including private label e-mail, and
allow businesses to exploit direct marketing opportunities
REDMOND, Wash.--Sept. 27, 1999--InfoSpace.com (NASDAQ:INSP), a leading Internet
infrastructure company, today announced it has signed a definitive agreement to
acquire Seattle-based Union-Street.com. Union-Street.com provides portals,
destination sites and enterprise businesses with a powerful, scalable, and easy-
to-use suite of business to business services, such as private label e-mail,
address book, calendar, personal home pages, chat and message boards. These
interactive services help businesses increase traffic, strengthen the value of
their brand on the Web and create direct marketing opportunities.
Under the terms of the acquisition, which will be accounted for as a purchase,
InfoSpace.com will exchange 450,000 shares of its common stock for all of Union-
Street.com's outstanding shares, warrants and options. The acquisition is
expected to be completed in October, and is subject to customary conditions,
including Union-Street.com shareholder approval.
Online communities are redefining new direct marketing relationships between
companies and their customers. These networked online communities give
companies the ability to utilize personal interest information to better track,
target and measure direct marketing campaigns to gain more control over the
value of their users as potential purchasers.
"Web communities are the realization of how to build relationship marketing on
the Web," said Naveen Jain, Chairman and CEO, InfoSpace.com. "The addition of
these additional on-line business to business services, such as private label e-
mail services, will help our affiliates offer users more compelling reasons to
stay on their site longer and also target users for direct marketing
opportunities, increasing e-commerce and advertising revenues."
Union-Street.com currently has relationships to power the online communities of
many Web sites, including LivingHome.com. Union-Street.com is providing users
visiting sites in the new LivingHome Network (LHN) with free personal start
pages, forums, personal calendars, e-mail, a Web page creator and personal
contact manager. LivingHome.com's network includes LifeStagesHome.com,
VizualizeHome.com, PlansPlace.com, LazyHomeowner.com, and GetArtSmart.com.
LivingHome.com is rated one of the top ten or top five home content sites by
hundreds of search engines and was named by USAToday Weekend a favorite home
site this year and last.
Union-Street.com is also providing interactive online community solutions for
futilemind.net, a complete financial portal, Safeconnect, a family-oriented ISP
backed by Hallmark, and the gardening site etera.com.
Union-Street.com is a privately held company that was founded in 1998. The
company is headquartered in Seattle, Washington. Union-Street.com currently has
18 employees.
InfoSpace.com plans to consolidate operations at its headquarters in Redmond,
Washington.
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This release contains forward-looking statements relating to the planned
acquisition of Union-Street.com, the development of the Company's products and
services, the integration of the Company's products and services with those of
Union-Street.com and future operating results. These forward-looking statements
are subject to certain risks and uncertainties that could cause actual results
to differ materially from those projected. The words "believe," "expect,"
"intend," "anticipate," variations of such words, and similar expressions
identify forward-looking statements, but their absence does not mean that the
statement is not forward-looking. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions that
are difficult to predict. Factors that could affect the Company's actual
results include seasonality, the rate of adoption by advertisers of the Internet
as an advertising medium, the ability of the Company to successfully integrate
its products and services with those of Union-Street.com, market acceptance of
these products and services and competition. A more detailed description of
certain factors that could affect actual results include, but are not limited
to, those discussed in the Company's Annual Report on Form 10-K, in the section
entitled "Factors Affecting InfoSpace.com's Operating Results Business Prospects
And Market Price Of Stock." Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date of this
release. The Company undertakes no obligation to update publicly any forward-
looking statements to reflect new information, events or circumstances after the
date of this release or to reflect the occurrence of unanticipated events.
