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Hanley Wood and ServiceMagic Partner to Provide the Homebuilding and Remodeling Industry’s Most Efficient Means for Contractors to Get Profitable Leads
WASHINGTON – December 15, 2004 – Hanley Wood e-Media announced today a partnership with ServiceMagic®, Inc., the nation’s leading online marketplace connecting homeowners to building contractors. The partnership will enable Hanley Wood’s audience of 400,000 building professionals to take advantage of ServiceMagic’s supply of over 125,000 monthly homeowner service requests and its lead matching platform.
“The combination of Hanley Wood and ServiceMagic creates a win/win for contractors and homeowners,” said Mitch Rouda, president of Hanley Wood e-Media. “For homeowners, ServiceMagic has developed a proven service used to find pre-screened and customer-rated contractors right when they need them. Building pros, similarly, are discovering that the Internet is the best place to find high quality, active, and profitable jobs.”
“This service puts the contractor in control by enabling selection of projects best suited to their expertise,” said Michael Beaudoin, co-CEO of ServiceMagic. “Contractor members receive and pay for only those leads that fit their job preferences based on specific work type and location selections. Traditional referrals and marketing channels oftentimes result in projects they are not interested in or are outside their area of expertise.”
A recent report by the Kelsey Group, a Princeton, N.J.-based research firm found that 27% of online searches conducted by U.S. consumers are aimed at finding local services or businesses. In addition, according to HIRI, in 2004 over 5 million people searched online for professional tradesmen to perform work in their homes.
SERVICE NAMES
The names of the co-branded services are:
· BUILDER Leads... powered by ServiceMagic (www.builderonlineleads.com)
· Remodeling Leads... powered by ServiceMagic (www.remodelingonlineleads.com)
· JLC Leads... powered by ServiceMagic (www.jlconlineleads.com)
· Replacement Contractor Leads... powered by ServiceMagic
(www.replacementcontractorleads.com)
· Residential Architect Leads... powered by ServiceMagic (www.residentialarchitectleads.com)
· Custom Home Leads... powered by ServiceMagic (www.customhomeonlineleads.com)
· Pool & Spa Leads... powered by ServiceMagic (www.poolandspanewsleads.com)
ABOUT HANLEY WOOD
Hanley Wood, LLC, is the premier media company serving the housing and construction industry. Through five operating divisions, the company produces award-winning magazines and Web sites, marquee trade shows and events, rich data and custom marketing solutions. The company also is North America’s leading publisher of home plans. Hanley Wood e-Media (Washington, D.C.), offers the construction industry’s foremost collection of Web sites, including Builder Online, Remodeling Online, and ebuild, the comprehensive online guide to building products, as well as the largest collection of house plans online through eplans.com and dreamhomesource.com.
Founded in 1976, Hanley Wood is a $200 million company owned by VS&A Communications Partners III, LP, the private-equity affiliate of media industry merchant bank Veronis Suhler Stevenson.
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INC. 500 REVEALS AMERICA'S FASTEST GROWING PRIVATE COMPANIES
~ Golden-based, ServiceMagic, Inc., Ranks #60 on the 2004 Inc. 500
With Four/Five Year Average Annual Sales Growth of 422% ~
~ California and Washington, D.C. Claim Highest Number of
Businesses by State and City For Second Straight Year ~
~IT Services, Health, and Financial Services Lead the Pack~
New York, (October 20, 2004) – Inc. Magazine, the premier publication for small and medium-sized businesses, today released its 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country. Golden-based, ServiceMagic, Inc. (www.servicemagic.com) the nation’s leading online marketplace connecting consumers with prescreened and customer-rated home service professionals, ranks #60 on the list, with four/five year average annual sales growth of 422%. The Inc. 500 Special Issue will appear on newsstands October 26 and will be on display until December 21, 2004.
The companies that made this list have thrived despite continued stagnation in the economy, posting an average year-over-year sales growth of 265%. Inc. 500 companies posted aggregate 2003 revenue of $12.6 billion, and 82% of them were profitable. And while the United States shed 410,000 jobs in 2003, Inc. 500 companies provided employment for more than 70,000 people.
Further demonstrating the resilience of this year’s Inc. 500 crop is the fact that 102 of this year’s honorees started in 1999—meaning that they weathered the start-up costs of the overcapitalized boom and thrived during the impending bust that was one of the toughest periods for young companies in recent memory.
"The best thing you can say about this year's crop of Inc. 500 entrepreneurs is that they didn’t buy into the hype," said Inc. editor-in-chief John Koten. "When people were practically giving away funding in the late 1990s, these companies didn’t overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity."
The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. With approximately 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Eighty-five companies (17%) on this year’s Inc. 500 say they plan to go public at some point. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.
California is the state with the most Inc. 500 companies (67). Florida is second, with 39 firms on the list, followed by Virginia (31), Texas (28), and New York (25). Like last year, Utah has the highest number of Inc. 500 companies per capita in the U.S with 6.8 per million residents—a distant second is Virginia with 3.9 per million residents.
For the second year in a row, Washington, D.C., is the top metropolitan area on the Inc. 500 with 29 companies, although it suffered a drop-off from last year, when it had 41. Boston is second, with 19 companies, followed by New York City (17), Miami (15), and Atlanta (14).
This year’s Inc. 500 is the first to reflect the tremendous start-up costs prevalent in the late 1990s economic boom. Of the Inc. 500 founders, 36% had start-up capital of less than $20,000, compared with 48% last year—and 21% reported needing more than $300,000 to get going, compared with only 14% last year. Just 7% of Inc. 500 CEOs reported using formal venture capital to start their company, compared with 2% last year, while 62% depended entirely on private equity.
Some 85% of Inc. 500 CEOs have an estimated net worth of over $1 million, with 39% pulling down an annual compensation of between $100,000 and $250,000. Also of note is that only 8% of Inc. 500 company founders are women.
Entrepreneurs leading IT Services, Financial Services, Health, and Advertising and Marketing are poised to do the most hiring over the next year. The industries with the strongest showing on this year’s list are IT Services, Health, Financial Services, and Business Services (based on number of companies in the sector).
Vesta, a seller of prepaid phone cards, had the highest 2003 revenue, $469 million, among Inc. 500 companies.
To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
Beginning November 1, the full Inc. 500 list will be available online at www.inc.com with full year subscription for $19.95 or alone for $9.95. The fee allows users to search 2004 company profiles by industry and offers online-only premium information about this year's Inc. 500. From October 20–31, only 50 of the Inc. 500 will available for viewing at www.inc.com. Copies of the Inc. 500 issue will be available on newsstands nationwide beginning October 26 and can also be ordered at 1-800-290-5460 or INC@reprintbuyer.com.
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small to medium-size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.
Inc 500 Contacts:
Ryan Clancy
ryanc@rosengrouppr.com
212.255.8455 ext. 22 |
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Diane Stefani
diane@rosengrouppr.com
212.255.8455 ext. 27 |
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SERVICEMAGIC OFFERS NARI MEMEBRS ONILINE MARKETING RESOURCE
GOLDEN, CO (Oct. 7, 2004) - ServiceMagic, Inc, (www.servicemagic.com) the nation’s leading online marketplace connecting homeowners to prescreened home service professionals today announced a strategic relationship with the National Association of the Remodeling Industry (NARI). ServiceMagic has put forth a program to support NARI by becoming a national member and offering its program to the association members. Through the relationship, the two organizations will provide NARI members with a means to increase their revenue and profits by reaching the increasing number of consumers utilizing the Internet to find home service professionals.
ServiceMagic creates a connection between ready-to-buy consumers and its prescreened member businesses that are matched to consumer service requests. The company currently operates nationally, attracting over 2 million consumers to its Web site each month and facilitating more than 125,000 monthly service requests to its member businesses. To date, ServiceMagic has facilitated more than 3 million consumer requests for home services, representing an estimated $7.5 billion in consumer spending.
"With more and more consumers going online to find local contractors, it's essential that our members have additional exposure to reach customers," said Don Vossburg, director of national membership and business development for NARI. “The Internet is proving to be a cost-effective alternative to use for reaching potential customers and ServiceMagic is an established, proven online tool that we believe will be extremely useful to our members in helping them grow their business."
NARI’s 6,800 members are full service contractors, design-build firms, manufacturers, suppliers, distributors, subcontractors, lenders and other related professionals who work in the remodeling field. Upon acceptance into the ServiceMagic network, member businesses begin receiving targeted customer leads in their area. Unlike traditional marketing such as the yellow pages, ServiceMagic members can target certain types of work that they find most profitable and specific locations in which they like to work. For more information on becoming a member, NARI members can visit http://www.servicemagic.com/ext/381065.
About NARI
The National Association of the Remodeling Industry (NARI) is the only trade association dedicated solely to the remodeling industry. With more than 6,800 members nationwide, the Association -- based in Des Plaines, Illinois, -- is "The Voice of the Remodeling Industry"TM. For NARI membership information visit www.RemodelToday.com, or contact the national headquarters office at 800-611-NARI.
Contacts:
ServiceMagic
Elaine N. Schoch
(303) 963-8082
eschoch@servicemagic.com
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IAC COMPLETES ACQUISITION OF SERVICEMAGIC, INC.
NEW YORK - September 2, 2004 - IAC/InterActiveCorp (Nasdaq: IACI) today announced the successful completion of its acquisition of ServiceMagic, Inc., the nation's leading online home services marketplace, in a cash transaction. ServiceMagic will remain a separate brand within the IAC Local and Media Services Group, which consists of Citysearch, Entertainment Publications, Inc. (EPI), Evite, and TripAdvisor, Inc. and is led by Anne Busquet, CEO, IAC Local and Media Services.
About IAC/InterActiveCorp
IAC operates leading and diversified businesses in sectors being transformed by the internet, online and offline… our mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world.
IAC consists of IAC Travel, which includes Expedia, Hotels.com, Hotwire, Interval International and TV Travel Shop; HSN; Ticketmaster, which oversees ReserveAmerica; Match.com; LendingTree; Precision Response Corporation; IAC Local and Media Services, which includes Citysearch, Evite, Entertainment Publications, TripAdvisor and ServiceMagic; and IAC Interactive Development which includes ZeroDegrees.
http://www.iac.com
Contacts:
IAC Corporate Communications
Deborah Roth or Andrea Riggs
(212) 314-7251 or (212) 314-7280
IAC Investor Relations
Roger Clark or Lauren Porat
(212) 314-7400
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SERVICEMAGIC REPORTS RECORD NUMBER OF ONLINE HOME SERVICE REQUESTS
Home services marketplace also announces top 10 consumer service requests for the quarter
GOLDEN, Colo. (July 28, 2004) ServiceMagic, Inc. (www.servicemagic.com), the nation's leading online marketplace connecting consumers with prescreened and customer-rated residential contractors, real estate professionals and lenders, today reported an 84 percent increase in consumer service requests during the quarter ending June 30, 2004 as compared to the same quarter in 2003. The company facilitated more than half a million consumer service requests worth over $1.75 billion in consumer spending.
"We have seen a 32 percent increase in consumer demand quarter-over-quarter this year," said Rodney Rice, co-CEO of ServiceMagic. "The service we provide is helping a growing number of consumers who are turning to the Internet for information and assistance for their local home service needs."
ServiceMagic's Most Popular Online Service Requests in Q2 2004
During the last quarter ServiceMagic saw an increase in consumers looking for local service professionals to help them with outdoor tasks such as lawn and garden care and fence installation as well as preparing for summer recreation by adding swimming pools and decks. Additionally, consumers use of ServiceMagic's newest offering, ServiceMagic Lending, rose 33 percent quarter-over-quarter.
ServiceMagic has noted the following service needs as the most popular among consumers using the company to connect with local service professionals.
1. Find a real estate agent to buy a home
2. Find a mortgage lender
3. Hire a pro to clean house interior
4. Hire a pro to build or install an above-ground swimming pool
5. Hire a pro to build or install a concrete swimming pool
6. Hire a lawn care service
7. Hire a pro to build or replace a deck or porch
8. Hire a handyman
9. Hire a pro to build or install a fiberglass swimming pool
10. Hire a pro to install a wood fence
In July 2004, IAC/InterActiveCorp (NASDAQ: IACI) announced an agreement to acquire ServiceMagic; terms of the agreement were not disclosed. ServiceMagic will remain an independent brand within the IAC Local and Media Services Group. The transaction is expected to close in the third quarter of 2004. |
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IAC/INTERACTIVECORP ACQUIRES SERVICEMAGIC, INC.
Leading Home Services Marketplace Connects Consumers with Local Professionals; Will Join IAC Local and Media Services Group
NEW YORK - July 22, 2004 - IAC/InterActiveCorp (NASDAQ: IACI) today announced an agreement to acquire ServiceMagic, Inc., the nation's leading online home services marketplace, in a cash transaction. Terms of the agreement were not disclosed. ServiceMagic will remain an independent brand within the IAC Local and Media Services Group.
ServiceMagic, founded in 1999, connects homeowners with prescreened and customer-rated residential contractors, real estate professionals and lenders. Nearly 50,000 service professionals utilize ServiceMagic to find targeted leads for home building, remodeling, architectural services, roofing, fences, decks, painting, flooring, plumbing, landscaping and much more. Since its inception, ServiceMagic has facilitated more than 2.4 million consumer requests for home services, representing an estimated $8.4 billion in consumer spending nationwide.
Anne Busquet, CEO of IAC Local and Media Services, said, "The migration of local advertising from offline to online has tremendous growth potential and is applicable to hundreds of industries, but has been realized by only a few. ServiceMagic has created a highly scalable system that provides consumers convenience, confidence and choice in purchasing home-related services while driving down marketing costs for local service businesses via targeted advertising. The IAC Local and Media Services Group was formed to provide consumers with information, ratings, advice, connections and access wherever they are and wherever they are going so they can make well-informed decisions. We are pleased that ServiceMagic will join Citysearch, Evite, Entertainment Publications Inc. and TripAdvisor as part of our mission to efficiently connect merchants with the millions of consumers who want their services."
The company launched ServiceMagic Real Estate in mid-2002 in an effort to address the large and fragmented residential real estate market. In October 2003 the company launched ServiceMagic Lending, offering consumers convenient access to prescreened lenders for home mortgages, refinance loans and home equity loans. Upon closing of the acquisition, management of ServiceMagic's lending and real estate businesses will fall under the IAC Financial Services and Real Estate Group.
ServiceMagic co-CEO and co-founder Michael Beaudoin said, "We launched ServiceMagic with the belief that there was a better way to connect homeowners with quality, reputable service professionals. IAC's extensive consumer reach and merchant relationships give us the opportunity to significantly accelerate our mission to revolutionize how people buy and sell local services and to expand to the many other business arenas that can benefit from our efficient customer acquisition platform."
The transaction is expected to close in the third quarter of 2004.
About IAC/InterActiveCorp
IAC/InterActiveCorp (Nasdaq: IACI) is the world's leading multi-brand interactive commerce company. IAC consists of IAC Travel, which includes Expedia, Inc., Hotels.com, Hotwire, Interval International, and TV Travel Shop; HSN; Ticketmaster, which oversees ReserveAmerica; Match.com; LendingTree; Precision Response Corporation; IAC Local and Media Services, which includes Citysearch, Evite, Entertainment Publications, Inc. and TripAdvisor, Inc.; and IAC Interactive Development which includes ZeroDegrees.
iac.com
Safe Harbor Statement Under The Private Securities Litigation Reform Act Of 1995
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements relating to IAC's anticipated financial performance, business prospects, new developments and similar matters, and/or statements preceded by, followed by or that include the words "believes," "could," "expects," "anticipates," "estimates," "intends," "plans," "projects," "seeks," or similar expressions. These forward-looking statements are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual results may differ materially from those suggested by the forward-looking statements due to a variety of factors, including changes in business, political, and economic conditions due to the threat of future terrorist activity, actions and initiatives by current and potential competitors, the effect of current and future legislation or regulation, the ability to expand our reach into international markets, and certain other additional factors described in IAC's filings with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on IAC's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. IAC is not under any obligation and does not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.
Contacts:
IAC Corporate Communications
Deborah Roth or Andrea Riggs
(212) 314-7251
IAC Investor Relations
Roger Clark or Lauren Porat
(212) 314-7400
LendingTree Corporate Communications
Mindy Neubauer
(704) 944-8541
ServiceMagic Corporate Communications
Elaine Schoch
(303) 963-8028
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SERVICEMAGIC ENTERS SECOND YEAR OF PROFITABILITY
WITH ACCELERATING GROWTH
Home services marketplace announces top 10 online service requests
for the quarter
GOLDEN, Colo. (April 27, 2004) - ServiceMagic, Inc. (www.servicemagic.com), the nation's leading online marketplace connecting homeowners with prescreened and customer-rated residential contractors, real estate professionals and lenders, today announced record revenues, profits and service requests in the quarter ended March 31, 2004. The company exceeded 150,000 consumer service requests during the month of March alone, worth an estimated $575 million in requested consumer service needs.
"Our growth has continued to exceed expectations. March was a record month for us in terms of consumer requests, Web site traffic, revenue and profit," said Rodney Rice, co-CEO of ServiceMagic.
To date, ServiceMagic has facilitated more than 2.4 million consumer requests for home services, representing an estimated $8.4 billion in consumer spending nationwide. The company has accelerated its growth in the last 12 months and grown its member base to include nearly 50,000 member businesses. As a result of this growth, the company has hired more than 50 employees during the first quarter with plans to add nearly 100 more throughout the remainder of the year.
SERVICEMAGIC'S MOST POPULAR ONLINE SERVICE REQUESTS DURING Q1
The company has noted the following service needs as the most popular among consumers using ServiceMagic to connect with local service professionals.
- Buy a Home
- Clean House Interior
- Build or Install an In-Ground Swimming Pool
- Build an Addition to a Home
- Build a Modular Home
- Install a Wood Fence
- Build a Custom Home
- Build or Replace a Deck or Porch
- Hire a Handyman
- Hire an Architect to Design a Project
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SERVICEMAGIC TO PROVIDE HOME IMPROVEMENT CONTRACTOR
SERVICES ON MSN HOUSE AND HOME
ServiceMagic Now Exclusive Provider of Contractors on One of the
Internet's Top Sites
GOLDEN, Colo. (March 16, 2004) - ServiceMagic.com, the nation's leading online marketplace connecting homeowners to prescreened and customer-rated local service professionals, today announced a strategic relationship with MSN establishing ServiceMagic as its exclusive provider of home improvement contractor services on the MSN House and Home Web site.
"This alliance provides us with a new significant channel for our services," said Rodney Rice, co-founder of ServiceMagic. "MSN House and Home visitors make up a large and very attractive homeowner demographic for our contractor customers. We expect this relationship to add significant traffic to our customer base," added Rice.
"MSN is constantly looking for opportunities to provide consumers with the most useful online experience, and as such we're thrilled to be working with ServiceMagic to connect our customers with the best home improvement professionals to fit their needs," said Christine Andrews, MSN product manager. "Together we believe our relationship will make MSN a top destination for anyone looking for home improvement resources."
The MSN network is one of the most visited destinations on the Internet, providing ServiceMagic access to more than 350 million visitors per month. ServiceMagic is the Internet's leading lead source for home improvement contractors, providing more than 100,000 leads per month at a fraction of the cost of traditional advertising. More than 45,000 service professionals currently utilize ServiceMagic to find targeted leads for home building, remodeling, architectural services, roofing, fences, decks, painting, flooring, plumbing, landscaping, HVAC and much more.
Other product and service names mentioned herein are the trademarks of their respective owners.
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© Copyright 1999-2008, ServiceMagic, Inc. All Rights Reserved.
