Amazon.com Invests in The Talk Market User-Generated TV Shopping Channel
Amazon.com Invests in The Talk Market User-Generated TV Shopping Channel
NEW YORK, June 9 /PRNewswire/ -- The Talk Market (http://www.talkmarket.com/), a user-generated TV Shopping Channel, announced today that it has received an equity investment from Amazon.com (NASDAQ:AMZN) .
(Photo: http://www.newscom.com/cgi-bin/prnh/20080609/NYM005 )
"The Talk Market is a user-generated TV shopping platform that allows businesses to create broadcast-quality product presentations and gives consumers an entertaining shopping experience," said Jeff Blackburn, Senior Vice President Business Development, Amazon.com. "We're excited by the early progress and pleased to support their efforts."
The Talk Market's patent-pending user-generated TV shopping channel platform enhances sellers' video presentations with dynamic graphic overlays, custom motion graphics and soundtracks. Integrated payment processing is provided by Amazon Web Services Flexible Payment Service (Amazon FPS). Using Amazon FPS, merchants at the Talk Market get free Amazon Payments Business accounts to process credit cards and tens of millions of Amazon customers can purchase anything on The Talk Market with the credit cards they have on file with Amazon.
"Both Amazon.com and The Talk Market prioritize giving customers a great shopping experience," said Matt Singer, CEO of The Talk Market, "and we are excited to have Amazon's support as we give many businesses their first opportunity to share their stories with personal, TV Shopping presentations, while giving consumers the opportunity to completely customize what TV shopping presentations they watch and when they watch them."
The terms of Amazon's investment are not disclosed. The transaction closed in May 2008.
About The Talk Market
The Talk Market (http://www.talkmarket.com/) is the TV shopping channel hosted by you. Sellers upload entertaining presentations enhanced by The Talk Market's broadcast quality TV production tools and customers program their own personalized shopping channel and click on any video to make a purchase. Talk Market Co-Founder and Summa Cum Laude Yale graduate Matt Singer began selling through QVC at age 24 and went on to sell over 500,000 Cds through the network. Singer has produced media projects with some of the world's top celebrities, including a pair of PBS TV specials narrated by George Clooney, a Christmas PBS TV special narrated by James Earl Jones, and music recordings with Paul McCartney, Billy Joel, and Ray Charles. Co-Founder and Harvard Business School Baker Scholar Amanda Eilian has spent her career in private equity, financing growth stage businesses. Eilian serves as an officer of Capitol Acquisition Corp.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, significant amount of indebtedness, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007, and subsequent filings.
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: The Talk Market
CONTACT: Fiona Aboud for The Talk Market, +1-917-721-1190,
faboud@talkmarket.com
Web site: http://www.talkmarket.com/
Profile: International Entertainment
posted by EntertainmentNews @ 4:15 AM
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