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IAC/InterActiveCorp Launches Gifts.com

Monday, March 21, 2005 - 05:01

IAC/InterActiveCorp (NASDAQ: IACI) announced today it has launched Gifts.com (http://www.gifts.com/), the first online gift shopping resource dedicated to helping people find the perfect gift for any occasion. Gifts.com uses the power of the Internet to make it easier than ever before to give everyone gifts they will love ... gifts that are tailored to their interests, hobbies and personalities. Gifts.com also has one of the Internet's most comprehensive collections of interactive, personalized services that help consumers organize themselves so they can plan for and remember all gift giving occasions.

For the first time, consumers can create their own go-to hub for year-round gift giving supported by Gifts.com's proprietary gift finding technology. Gifts.com features an exceptional collection of organizational tools to assist with the gifting process, including: the ability to save profiles of loved ones and business colleagues, personalized gifting event calendars, auto email reminders and wish lists. Through a unique combination of Gifts.com editorial sourcing and personality-based gift finding technology, consumers can access relevant, unbiased product ideas to find the perfect gift for anyone. Gift ideas, sourced by Gifts.com's panel of experts, range from popular to unique and include personalized and experiential gift choices.

"Gift giving can be a daunting process for both the avid and challenged gifter," said William Lynch, President and CEO of Gifts.com. "Our goal is simply to turn gift giving into an easier, more pleasurable experience for consumers." Added Lynch, "We believe Gifts.com will generate significant incremental demand for our merchant partners by exposing their quality merchandise to an audience eager for gift ideas and ready to make a purchase."

To ensure an ever-changing array of both popular and unexpected gift choices, Gifts.com anticipates signing agreements with hundreds of tier-one merchant partners and has already begun working with Sharper Image, Orvis, Vermont Teddy Bear, Mrs. Fields, Lake Champlain Chocolates, Macys.com, SpaFinder, and J&R Music World, among many others.

Gifts.com is the latest company from IAC's Interactive Development unit, the mandate of which is to explore a broad range of ideas for new online businesses and to commercially launch the very best of them. Gifts.com senior management includes a seasoned team of ecommerce leaders, including: William Lynch, CEO, formerly Vice President and General Manager, Web Marketing and eCommerce for Palm Inc; Leigh Zarelli, Vice President, Product Management and Strategy, formerly Senior Director, Interactive Development at IAC/InterActiveCorp, and Sasha Norkin, Vice President, Business Development, formerly Director, Global Direct Business Development and Marketing at palmOne. Gifts.com is headquartered in Los Angeles, California.

About Gifts.com

Gifts.com is a premier gift shopping hub, offering consumers a suite of interactive, personalized services that enable them to be better, more organized gift givers. Gifts.com combines editorial sourcing with its proprietary personality-based gift finder to deliver the most relevant and unbiased gift options available, ranging from popular and trendy to unique and unexpected. Gifts.com is an operating business of IAC/InterActiveCorp (NASDAQ: IACI).

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. To view a full list of the companies of IAC please visit our website at http://iac.com/.

CONTACTS:

   For Gifts.com:
   mPRm Public Relations
   Elana Altshuler
   323/933-3399 x258
   ealtshuler@mprm.com

   For IAC:
   IAC Corporate Communications
   Andrea Riggs 212/314-7280
   Deborah Roth 212/314-7254

   IAC Investor Relations
   212/314-7400
   Roger Clark
   Lauren Porat

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20031105/NYW076LOGO )

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20031105/NYW076LOGO
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PRN Photo Desk, photodesk@prnewswire.com

SOURCE: IAC/InterActiveCorp

CONTACT: For Gifts.com: Elana Altshuler of mPRm Public Relations,
+1-323-933-3399, ext. 258, ealtshuler@mprm.com; or for IAC: Andrea Riggs,
+1-212-314-7280, or Deborah Roth, +1-212-314-7254, both of IAC Corporate
Communications; or Roger Clark or Lauren Porat, both of IAC Investor
Relations, +1-212-314-7400

Web site: http://www.iac.com/

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