Stamps.com Delivers New Shipping Tool in Time for the Holidays
New Version 3.0 Eliminates the Need for Special Forms or Labels and Helps Consumers and Businesses Save Money
SANTA MONICA, Calif, — December 3, 2002 – Stamps.com (Nasdaq: STMP) announced today that it has launched a new version of its software with enhanced shipping functionality, in time for the busy holiday shipping season. The new Stamps.com Version 3.0 promises to make sending packages a simple and convenient process for holiday shippers by allowing them to print complete shipping labels with postage using only regular 8 ½” x 11” paper, thus eliminating the need for special labels. Customers can also add electronic Delivery Confirmation or Signature Confirmation to the shipping label without the need for special forms, and at a discount to regular U.S. Postal Service retail rates.
“The new shipping tool adds significant new capabilities to the Stamps.com service and enables us to more comprehensively meet the needs of a range of users, from infrequent consumer shippers to daily business shippers,” said Ken McBride, CEO of Stamps.com. “Customers will find the new shipping functionality to be both a time and a money saving solution during this holiday season and year-round.”
The new Shipping Label tool provides additional capabilities and potential cost savings to Stamps.com customers, including the following:
- Add electronic Delivery Confirmation to any type of package for a savings of $0.42-0.45 per package over retail price at the post office;
- Add electronic Delivery Confirmation to any Priority Mail® package for free;
- Add electronic Signature Confirmation to any package for a savings of $0.50 per package over retail price at the post office; and
- Check the delivery status of a package with a single click, eliminating the need to key in a long tracking number.
Stamps.com Version 3.0 is available for immediate download at sdcmainprod.wpengine.com and is provided at no cost to current customers as a software upgrade. The introduction of the Shipping Label tool follows on the heels of the company’s successful launch of NetStamps on July 17, 2002. With NetStamps, Stamps.com customers can print postage onto labels that can be used as easily as regular stamps.
The addition of both NetStamps and Shipping Labels this year has dramatically increased the value and convenience of the Stamps.com service and represents important milestones in the company’s product transformation plan. The launch of the Shipping Labels functionality also supports the company’s broader strategy of integrating its postage solution into partners’ products and services.
Stamps.com (Nasdaq: STMP) is a leading provider of Internet-based postage services. Stamps.com enables customers to print U.S. Postal Service-approved postage with just a PC, printer and Internet connection. The company targets its services to small businesses, home offices, and individuals, and currently has partnerships with companies including Auctionwatch, Comp USA, Earthlink, HP, Microsoft, NCR, Office Depot, PayPal and the U.S. Postal Service.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties. Important factors, including the company’s ability to complete its products and obtain regulatory approval, which could cause actual results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities and Exchange Commission made from time to time by Stamps.com, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2001, its subsequent Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. Stamps.com undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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