VIENNA, Va., Feb. 13 /PRNewswire-FirstCall/ -- Convera Corporation (Nasdaq: CNVR) -- http://www.convera.com -- a leading provider of vertical search services for publishers, today announced its agreement with Advanstar Communications Inc., a leading worldwide media company, to develop a vertical search application for the pharmaceutical industry incorporating multiple existing Web sites.
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Under a corporate-wide agreement to develop vertical search sites, Advanstar is also to develop sites in the veterinary, dental and off-road domains and in 2007 launched http://www.search-autoparts.com -- an Advanstar property for the auto aftermarket industry.
"We are very pleased with both customer and advertiser response to our initial site launch," said Michael Alic, vice president of Electronic Media at Advanstar. "Convera's hosted service provides us with a single, end-to-end search platform covering our Web sites and the best of the rest of the Web via leading edge technology at a low cost of ownership."
About Convera(R)
Convera is the leading provider of search and advertising as a service for trade publishers and manages the vertical search sites of a growing number of specialist publishers around the world. Convera enables publishers to generate additional revenue by creating customized search applications for specialist audiences under their own brand.
Convera site search, vertical search and lead generation applications can combine publisher proprietary content with an editorially vetted best of the Web for specific professional audiences, providing an authoritative and comprehensive search experience. Many of the world's largest publishers are working with Convera to accelerate their e-publishing strategies, meet growing online revenue goals and build loyal online professional communities.
About Advanstar
Advanstar Communications Inc. (http://www.advanstar.com) is a leading worldwide media company providing integrated marketing solutions for the Fashion & Licensing, Life Sciences and Powersports industries. Advanstar serves business professionals and consumers in these industries with its portfolio of 91 events, 67 publications and directories, 150 electronic publications and Web sites, as well as educational and direct marketing products and services. Market leading brands and a commitment to delivering innovative, quality products and services enable Advanstar to "Connect Our Customers With Theirs." Advanstar has roughly 1,000 employees and currently operates from multiple offices in North America and Europe.
This release, including any statements from Convera personnel, contains statements about Convera's future expectations, performance, plans, and prospects, as well as assumptions about future events. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions and trends; the ability to continue funding operating losses; fluctuations in operating results including impacts from reduced corporate IT spending and lengthier sales cycles; continued success in technological advances and development; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's reports to the Securities and Exchange Commission. Actual results may differ materially from our expectations as the result of these and other important factors relating to Convera's business and product development efforts, which are further described in Convera's filings with the SEC. These filings can be obtained from the SEC's website located at http://www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements. Convera(R) and the Convera design logo are trademarks of Convera in the United States and other countries.
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