iWon.com Restructures Ad Sales
iWon Launches National Sales Force; Also Enters Into DoubleClick Network Contract
(Irvington, NY September 11, 2000) - Internet portal iWon (www.iwon.com), one of the fastest growing websites in the history of the Internet, today announced the launch of its national advertising sales force and the extension of its partnership with DoubleClick Inc, the leading global Internet advertising solutions company.
To lead the iWon national sales team, iWon has hired Evan Sternschein, a 19-year ad sales veteran as Executive Vice President of Sales. Sternschein most recently was Executive Vice President of National Sales at ESPN/ABC Sports where he was responsible for more than $2 billion in annual revenue.
Under Sternschein's leadership, iWon has built a sales force of more than 50 sales executives and intends to add an additional 30 by the end of the year. Leading the team reporting to Evan will be, Harold Morgenstern, Vice President of National Sales and Mike Newman, Vice President of Integrated Partnerships.
iWon has also opened sales offices in New York City, Los Angeles, San Francisco, and Chicago, with Atlanta, Dallas, and Detroit soon to follow.
"There are very few times in life when you are afforded the opportunity to lead the sales effort on behalf of a truly extraordinary product," commented Sternschein. "I think the advertising community will be very pleased with what we have to offer."
iWon also announced today that it is entering into a sales contract with DoubleClick, the industry's leading global Internet advertising solutions company. Under the new agreement, iWon will join the DoubleClick Network, a premium collection of over 1,300 of the most highly trafficked and branded sites on the Web. The new contract, which takes effect October 6, will extend for the next two years.
"We are pleased to announce the new two year contract with iWon," said Beth-Ann Eason, VP Group Publisher, DoubleClick Network. "We have been working together since the first day of their launch and look forward to continued success."
"We believe we have the best of both worlds for our current and prospective advertising partners," said Bill Daugherty, Founder and co-CEO, iWon. "Evan is a proven leader and is assembling a world-class national sales force. DoubleClick is an industry leader with an extraordinary network of sites of which iWon is proud to be a part. We couldn't be happier with this arrangement."
About iWon
Launched only 11 months ago, iWon currently attracts one out of every nine people who visit the Web from work, and one out of every ten people who visit the web from home (Media Metrix, July). iWon is also ranked #1 in site and feature user satisfaction among the leading search engines and portal sites (NPD Search and Portal Tracking Study). iWon provides users with world-class content and functionality from leading partners such as Associated Press, CBS, Inktomi, CBS MarketWatch, Standard & Poor's Comstock, Reuters, TheStreet.com, Travelocity, and WeatherNews Inc.
As an added incentive, iWon gives away to users $10,000 every day, 30 prizes of $1,000 every week, $1 million every month and $10 million on Tax Day. By simply using the site to search the Web, check email, go shopping, read the news, or perform other regular Internet activities, iWon users earn entries with practically every click. Through the 3-tiered "Refer-A-Friend" program, iWon users will also earn cash prizes, up to $1 million, if someone in their referral network wins a Daily, Weekly, Monthly or Annual prize. To date iWon has given away more than $25 million in cash prizes. For details and official rules, visit www.iwon.com.
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