Cupertino, Calif. and SUNNYVALE, Calif., July 14, 1999 - Symantec Corporation (Nasdaq: "SYMC") today announced a new online U.S. software shop created and managed by Internet superstore Beyond.comä (Nasdaq: "BYND") - the first in a worldwide chain of stores that Symantec plans to roll out over the next four months.
Located at http://www.symantecstore.com, the online software store has been designed based on customer feedback and features Symantec's full range of products available by packaged delivery or via digital download, round-the-clock telephone and online support, and a 60-day, money-back guarantee on all products.
"This worldwide initiative is designed to establish a more seamless relationship between Symantec and its customers," said Pamela Roberts, Symantec's senior director of electronic business. "Working with Beyond.com further integrates the channel into our e-business strategy and provides an enhanced user experience for our customers."
The new online store features areas that are dedicated to specific customers such as the small business, power and Macintosh users. Symantec and Beyond.com have designed the U.S. shop so that it is easy for customers to navigate and find the information they need to make optimal software purchase decisions. In time, Symantec plans to launch international online software shops, also created and managed by Beyond.com, which will be multi-lingual and will let customers purchase Symantec products in multiple, local currencies.
"As a leading software reseller on the Internet, Beyond.com has a proven track record in creating and operating online stores successfully giving customers an easy Internet shopping experience," said Mark Breier, president and chief executive officer at Beyond.com. "We now handle online software orders for four of the top eight software publishers as determined by Soft·letter and operate commercial websites on behalf of several e-commerce partners, including Compaq and 3Com Corporation."
Beyond.com sells commercial, off-the-shelf software to the government, enterprise, corporate and consumer markets, offering its customers a better place to buy software. Visitors to the company's online store http://www.beyond.com enjoy a comprehensive selection of software backed by customer service and competitive pricing. Beyond.com offers more than 1.6 million software and other digital products, including software stock-keeping units (SKUs) for online purchase from such major publishers as Adobe Systems Inc., IBM/Lotus Corp., Microsoft Corp., Sun Microsystems Inc. and Symantec Corp; hardware; computing devices; and digital images in different file formats, including jpeg, gif and mpf through a strategic marketing alliance with IMSI. The company has established strategic marketing alliances with America Online Inc., Excite@Home, CNET Inc., Compaq Computer Corp., Microsoft Corp., Netscape Communications Corp., XOOM.com Inc., Yahoo! Inc. and ZDNet. Additionally, Beyond.com offers software publishers, hardware manufacturers and systems OEMs e-commerce solutions including publishers transaction processing, physical and electronic order fulfillment, customer support, site design consultation, marketing support and reporting. The company has applied for federal registration of the marks BEYOND.COM and BEYOND DOT COM. Beyond.com Corporation trades on the Nasdaq National Market under the symbol ("BYND"). More information on the company can be found in the company's filings with the Securities and Exchange Commission ("SEC").
Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include statements relating to the timing of the opening of Symantec's U.S. and international online software shops, as well as anticipated features of such shops. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in such forward-looking statements, including the risk that the online shops may not open within the expected time frame. Additional information concerning those and other factors is contained in the "Risk Factors" section of the Symantec's annual report on Form 10-K for the fiscal year ended April 2, 1999 and in Beyond.com's filings with the Securities and Exchange Commission.
Symantec is the world leader in utility software for business and personal computing. Symantec products and solutions help make users productive and keep their computers safe and reliable anywhere and anytime. Symantec offers a broad range of solutions and is acclaimed as a leader in both customer satisfaction and product brand recognition. Symantec is traded on Nasdaq under the symbol SYMC. More information on the company and its products can be obtained at www.symantec.com.
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