LYCOS ANNOUNCES THE CONSOLIDATION OF ITS GLOBAL BRAND RIGHTS
Termination of License Agreements with Lycos Europe Announced
WALTHAM, Mass. - June 11, 2009 - LYCOS, Inc. (www.lycos.com), a leading Search and Internet portal and subsidiary of Daum Communications in Korea, today announced that it has reached agreement with Lycos Europe to regain use of its Trademarks and Brands for Lycos and Hotbot within the European territory. Prior to this agreement, Lycos Europe had an exclusive license to use those Trademarks and Brands within Europe dating back to 1997, when it was formed as part of a joint venture.
"Lycos and Lycos Europe have been operating independently to provide search services to consumers world-wide for many years, sometimes causing confusion in the marketplace. For a variety of reasons, it made sense at this time to consolidate Lycos' collective assets and branding, especially in Europe, which is an important part of the global market," said Jungwook Lim, Chief Executive Officer. "Lycos continues to have a loyal user base and we expect this consolidation to help revitalize and strengthen our search businesses within Europe."
"Over the next several weeks Lycos will be re-launching the provision of search services within the European territory," said Edward Noel, General Manager of Search and Business Development. "Locally targeted content verticals will gradually be rolled out and we will be taking steps to enhance our users' search experience."
Lycos thrives today as one of the oldest surviving Internet brands and search services. Through acquisitions over the years, Lycos has added other established brands including Hotbot, Tripod, Angelfire, Gamesville and WhoWhere to its network of products and services and today serves over 30 million users a month.
About Lycos, Inc.
Lycos is one of the original and most widely known Internet brands in the world, evolving from one of the first search engines on the web, into a comprehensive network of social media web sites that foster online communities.>Lycos has been a pioneer in intelligent spidering search technology, combining its proprietary technology with other best in class search services to provide a powerful and relevant search experience for its users.
Times change, and Lycos has changed with them, evolving into digital media power house with two major divisions
Lycos, is a network of easy to use community and social sites. Lycos's award-winning products and services include tools for blogging, web publishing and hosting, online games, e-mail, and search. The Lycos Network of sites and services include Lycos.com, Tripod, Angelfire, HotBot, Gamesville, WhoWhere, and Lycos Mail. Integrated, these sites help in bringing people together to interact, conduct commerce, have fun, and experience the best the Internet has to offer, is in our DNA. We offer 40 Local Sites in 120 Languages with a community spanning across 177 Countries. Lycos consistently averages 12 - 15 million monthly unique visitors in the U.S.
Lycos employs over 500 people working out of 24 offices worldwide, including the US, Argentina, Brazil, Chile, Uruguay, Mexico, the UK, France, Germany, Italy, Ukraine, Sweden, Serbia, Israel, China, Thailand, Panama, India, Emirates, Russia and Australia, and with representatives or partners in Spain, South Africa, and The Netherlands.www.lycos.com
US PR Department
This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behavior of financial and digital marketing industry, and fluctuations in exchange rates; from future integration of businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.