EXHIBIT 10.20
NEWSEDGE AGREEMENT
DATED MAY 27, 2000
May 25, 2000
Xx. Xxxx Xxxxx
Vice President Corporate Development
xxxxxxxxxxxxxxxx.xxx
000 Xxxxxxx Xxxxxx Xxxxx # 000
Xxxxxxx Xxxxx, XX 00000
Dear Xxxx,
Based on our discussions, NewsEdge is pleased to present xxxxxxxxxxxxxxxx.xxx
with the following eTopics-TM- proposal for an Internet news solution. Outlined
below is a description of the service and pricing.
The proposal is based on the following assumptions:
1. NewsEdge will provide eTopics-TM- to xxxxxxxxxxxxxxxx.xxx for use on a
designated xxxxxxxxxxxxxxxx.xxx site: xxxx://xxx.xxxxxxxxxxxxxxxx.xxx
2. xxxxxxxxxxxxxxxx.xxx will purchase eTopics-TM- with unlimited end-user access
to the designated site.
3. xxxxxxxxxxxxxxxx.xxx has decided to host their service and will receive an
SGML feed from NewsEdge. NewsEdge will FTP the SGML feed to a secure FTP
site. xxxxxxxxxxxxxxxx.xxx will be given an id/password to the FTP site
allowing them to pull their SGML feed to their server. The FTP feed is
delivered daily between 5am & 7am EST.
COMPANY OVERVIEW
NewsEdge Corporation is the world's largest independent news integrator and the
leader in global news and current awareness solutions for business. The
company's mission is to make news valuable for business. NewsEdge provides
clients at nearly 1,200 organizations with a powerful combination of customized,
authoritative content; cutting-edge technology; editorial, value-added
capabilities; and unparalleled client support and consulting services. NewsEdge
helps business people find the most important, relevant stories from an
overwhelming volume of daily news and enables them to act on the most current
information possible.
PRODUCT OVERVIEW
eTopics-TM- is an automated means to updating your web page each business day
with the most current news that is uniquely relevant to your visitors. The
service takes advantage of NewsEdge's vast experience in news delivery and
NewsEdge's editorial expertise to completely news-enable your web site.
Simply select from the NewsEdge library of 1,300 industry-focused eTopics-TM-.
The selection should meet the needs and interest of your audience. Each selected
topic will be fully integrated into your web page providing your audience with
the day's top stories in headline and brief format. A viewer can get a quick
overview using the headlines and briefs, or can delve deeper by clicking on the
headline to access the underlying full-text article.
Each day, by 8:00 AM EST, your site is stocked with fresh content from over 250
worldwide information sources. NewsEdge brings you the hottest, most important
industry news, logically organized for quick and easy use. We spend each night
reviewing over 20,000 news articles. Through the use of technology and human
expertise, we carefully review and evaluate the news to deliver only the news
that is relevant to the interests of your audience.
[LOGO]
PRICING STRUCTURE
The price of the eTopics-TM-` is based on the number of industry-specific topics
that are integrated into your web site. The annual price includes full
implementation of the service and provides full access to all the news for your
audience.
Item # ordered Price
---- --------- -----
eTopics-TM- 15 $15,000*
* ONE-TIME SETUP FEE OF $1000 IS INCLUDED.
ETOPICS-TM- BENEFITS
- Fresh, relevant industry news that is focused on the interests of your
visitors.
- Headlines and briefs of the day's top stories with complete
access to all the articles in full text.
- Aggregation of news from 250 premium news sources.
- News is automatically updated on your web site by 8:00 AM EST.
- Choose from over 1,300 industry-specific topics, enabling you to focus the
news on highly granular subjects that specifically relate to your audience.
- Seamless integration of news on your web site. We will maintain your look
and feel, while enhancing the content offered.
- Adds stickiness to your site and enables you to draw end users of specific
communities to view the latest information about their specific interests.
ACCEPTANCE:
Your signature on this letter will confirm xxxxxxxxxxxxxxxx.xxx's subscription
to the NewsEdge eTopics-TM- service. Please sign and date a copy of this
agreement and return it to me as approval of the terms and conditions outlined
above.
---------------------
Signature
---------------------
Name/Title
---------------------
Date
Regards,
Xxxxxxxx Xxxxxx
Regional Manager
eMedia Services
415.836.0673 - W
415.269.0912 - C
415.836.0670 - F
xxxxxxxx.xxxxxx@xxxxxxxx.xxx
