|iWon and Office Depot, Inc. Launch Double Your Winnings At OfficeDepot.com Program|
iWon and OfficeDepot.com Team up to Offer Users the Chance to win $20,000 a Day, $2 Million a Month and $20 Million on Tax Day
(Irvington, NY & Delray Beach, FL, October 30, 2000) – Leading destination portal, iWon, (www.iWon.com), one of the fastest growing sites in Internet history, and Office Depot, Inc., (NYSE: ODP), the world's largest seller of office products, today announced they have entered into an agreement for the Double Your Winnings at OfficeDepot.com on iWon promotion.
Every day, users will have the opportunity to double their cash prize winnings from iWon - $10,000 every day turns into $20,000, 30 $1,000 prizes every week turn into 30 $2,000 prizes, $1 million every month turns into $2 million, and $10 million on Tax Day turns into $20 million. Through this program, if the winner has purchased anything on OfficeDepot.com within the 30-days prior to the iWon drawing, the company will automatically double the prize.
Additionally, Office Depot will provide iWon users with four monthly bonus prizes during the course of the year, including a $10,000 Office Depot shopping spree.
“We are pleased to add Office Depot to iWon’s ‘Double Your Winnings’ program,” said Bill Daugherty, Founder and co-CEO of iWon. “We believe this program to be an effective way of rewarding both loyal iWon users and Office Depot customers for doing what they have been doing anyway.”
“Office Depot is pleased to be a part of iWon’s Double Your Winnings program. I know our customers will appreciate the opportunity to double their awards while loyal iWon users will find Office Depot a great resource for their business products and services. Both our customers will be winners,” said Monica Luechtefeld, Office Depot’s Executive Vice President of Merchandising.
Launched in October 1999, iWon is the 5th most trafficked site on the Internet (Nielsen//NetRatings, September 2000). Additionally, iWon ranks as the most loyal site on the Web, placing number one in repeat visitation (Media Metrix, September 2000). iWon has also been voted #1 in user site and feature 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 $28 million in cash prizes.
About Office Depot
As of June 24, 2000, the Company operated 855 office supply superstores in the United States and Canada, in addition to a national business-to-business delivery network supported by 30 delivery centers, more than 60 local sales offices and seven regional call centers. Furthermore, the Company owned and operated 27 office supply stores in France and seven stores in Japan; had mail order and delivery operations in 14 countries outside of the United States and Canada; and under joint venture and licensing agreements, had 89 additional stores operating under the Office Depot name in six other foreign countries. The Company also operates an award-winning U.S. Office Depot brand Internet Web site at www.officedepot.com where customers can access Office Depot’s low competitive prices seven days a week, twenty-four hours a day, and it operates Viking brand Web sites at www.vikingop.com in the United States, www.viking-direct.co.uk in the United Kingdom, www.viking.de in Germany, www.vikingdirect.nl in The Netherlands, www.vikingop.it in Italy; www.vikingop.co.jp and www.officedepot.co.jp in Japan. Office Depot’s common stock is traded on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index.