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Ebates Named a Top 10 Leading Shopping Portal By Internet Retailer

Posted on: Wednesday, 10 August 2005, 09:00 CDT

Ebates (www.ebates.com), an online shopping portal that gives consumers cash back every time they shop online, announced today it has been ranked among the top 10 leading shopping portals by Internet Retailer, the definitive source for coverage of the booming online retailing sector.

Based on total daily visitors, as reported by comScore Networks Inc., Ebates ranked 7th behind such online juggernauts as eBay (Nasdaq:EBAY), Yahoo Shopping (Nasdaq:YHOO) and MSN Shopping (Nasdaq:MSFT) -- and ahead of AOL Shopping (NYSE:TWX), PriceGrabber, Froogle, 247Malls.com and MySimon.com. The listing appeared in a chart in the publication's Top 400 Guide, which ranks and examines America's largest online retailers.

According to Internet Retailer's Mark Brohan, who compiled the Top 400 Guide: "Today, with more than a third of all households making at least one online purchase each year -- a figure Forrester Research Inc. predicts will increase to almost 40 percent by 2009 -- Internet retailing has clearly come of age and remains the U.S. retailing industry's fastest-growing sales channel."

Ebates.com is a free, easy-to-use online shopping portal that gives consumers cash back every time they shop at more than 800 name-brand stores, including seven out of Internet Retailer's top 10 retailers overall -- Dell (Nasdaq:DELL), Office Depot (NYSE:ODP), Staples (Nasdaq:SPLS), HP Shopping (NYSE:HPQ), Sears (Nasdaq:SHLD), Sony (NYSE:SNE) and Best Buy (NYSE:BBY). Members save an average of 5 percent on every purchase at participating online stores, and up to 25 percent at some stores.

"We're thrilled to achieve this Top-10 ranking without extensive high-profile marketing," said Alessandro Isolani, Ebates co-founder and CEO, "because it proves what we've always maintained -- that the cash-back model works, and that it supports a profitable and scalable business model. Simply by staying true to our core mission we've been able to dramatically grow our member base and sales every year since we opened for business in 1999."

"Internet Retailer's analysis shows that more and more consumers are buying online every year," he said, "and it's increasingly clear that what they're looking for is the best possible deal, and Ebates.com is the place to find it. Unlike most of the other Top-10 shopping portals, we offer online shoppers an unbeatable deal when they're ready to buy -- cash back on all their purchases. That's why we consistently see users buy through Ebates even after doing research or comparing prices elsewhere."

Supplementing its guarantee of cash back with every purchase, Ebates employs a full-time staff of professionals to sniff out the best coupons, deals and sales, which the site presents when customers click to their favorite stores. Ebates adds up each shopper's savings and then, four times a year, mails each member a check.

Ebates invented the concept of giving cash back on everything users buy online when the company launched in 1999, and it continues to lead the industry as the largest cash-back site of its kind, with more members and retail partners than most of its competitors combined.

In addition, Ebates powers some of the biggest names in rebate shopping. The company creates discount shopping centers for non-merchant websites that want to capitalize on their traffic with a new revenue stream. Websites earn big money while boosting customer loyalty and retention.

Statistics compiled for the Internet Retailer Top 400 Guide reveal that the top 400 retailers in 2004 generated combined web sales of in excess of $51 billion and accounted for more than 58 percent of all U.S. Internet sales.

About Ebates

Ebates (www.ebates.com) is an Internet Retailer Top 10 online shopping portal that gives consumers cash back every time they shop online at more than 800 name-brand stores. Members save an average of 4 percent on every online purchase at any of the participating stores -- even up to 25 percent at some stores -- totaling millions of dollars in cash back from Ebates every month. Ebates invented the online cash-back shopping portal concept when it launched in 1999, and it continues to lead the industry with more members, more retail partners and more cash for its users.

Source: Business Wire

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