|January 3, 2005
GuruNet Launches Answers.com
|Ad-Driven Free Site Replaces Subscription-Based Service
|WESLEY HILLS, N.Y., Jan. 3 /PRNewswire-FirstCall/ -- GuruNet Corporation (Amex: GRU - News), a leading provider of integrated online reference information, today announced the release of Answers.com, a site-and-software combination providing instant reference answers rather than lists of search engine links. GuruNet Corporation, through its Answers.com site, plans to generate revenues from ads placed alongside its topic entries, rather than from the subscription fees it previously charged for the use of its premium service.
"Changing market conditions in the area of paid search have allowed us to share our products with a broader audience, and we're excited to open it up, for free, to broad usage," explained GuruNet CEO Bob Rosenschein. "Students, teachers, professionals and users of all ages will enjoy our streamlined interface. We expect to generate revenues as many search engines and content sites have done successfully, with ads and sponsored links."
The company will continue to develop and distribute its patented 1-click technology -- used in its newest version of its "1-Click Answers" software -- allowing users to click anywhere on the screen for instant facts about the word or phrase. GuruNet.com will remain the company's corporate site. Existing GuruNet subscribers will continue to be fully supported through their subscription periods, however, in conjunction with the launch of Answers.com, the Company announced that it would no longer offer new subscriptions to GuruNet.
Answers.com includes information on over a million topics, drawn from a database of over 100 reference sources. Most recently, GuruNet added content from Wikipedia, the expansive, collaborative encyclopedia written and maintained by thousands of contributors across the globe. This enhancement provides Answers.com with a new level of relevant, up-to-date information, for a complete package unavailable in other encyclopedias, glossaries and atlases.
In addition to its own customers, GuruNet currently supplies its reference content to Amazon.com's A9.com search engine and to Comet Systems.
GuruNet is a leading reference search engine. Founded in 1999 by Robert Rosenschein, GuruNet Corporation (www.gurunet.com) provides patented technology and software tools to access authoritative definitions and facts. Additional information for the media can be found at http://www.gurunet.com/about_press_kit.jsp.