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Fast Search & Transfer ASA

PriceMinister to Improve Search Capabilites by Selecting Fast Technology

Oslo, Norway and Paris, France (ots/PRNewswire)

- Leading Enterprise Search Provider Enters the French Market by
Establishing Offices in France and Signing Agreement With
PriceMinister
Fast Search & Transfer(TM) (FAST(TM)), the leading developer of
enterprise search and real-time alerting technologies, has been
selected by Babelstore SA to deploy the FAST Enterprise Search
Platform (FAST ESP(TM)) for www.priceminster.com, one of the top
French online marketplaces. FAST has a worldwide customer base and
has expanded its offices to meet demand for its search solutions.
Accordingly, FAST recently established offices in Paris, France, and
PriceMinister is the now the first France-based client for the global
enterprise search company.
Babelstore SA owns the PriceMinister brand name and operates
www.priceminister.com. The PriceMinister website offers private and
professional users a marketplace to trade more than 15 million
products, including books, videos, electronics, clothes and cars.
Users also have the ability to make travel arrangements. Through its
role as third-party guarantor, PriceMinister offers a secure
peer-to-peer solution where the seller gets paid after the buyer
receives the product. The PriceMinister community includes over 3
million members, and is one of France's largest eCommerce websites in
terms of revenue and one of its largest online communities.
"We look forward to deploying FAST's search technology to
radically enhance our user's experience on PriceMinister," said
Pierre Kosiciusko-Morizet, co-founder and president of PriceMinister.
"We expect to see increased revenues as a direct result of this
implementation, as we will be able to offer more accurate search
results and deliver even better customer satisfaction."
"PriceMinister is FAST's initial client in France, and further
validates our view that the European search market is maturing.
Companies such as PriceMinister and Babelstore SA realize the true
benefits of implementing powerful search technology to accelerate
revenue growth and market share," said John M. Lervik, FAST's chief
executive officer.
"FAST looks forward to assisting PriceMinister and other companies
in the French marketplace. We offer global solutions delivered and
supported by our local staff here in Paris," Lervik concluded.
About FAST
FAST creates the real-time search and filter technology solutions
that are behind the scenes at the world's best known companies with
the most demanding search problems. FAST's flexible and scalable
integrated technology platform elevates the search capabilities of
enterprise customers and connects people to the relevant information
they seek regardless of medium. This drives revenues and reduces
total cost of ownership by effectively leveraging IT infrastructure.
FAST's powerful enterprise search technology solutions are used by
more than 2,000 global customers and partners, including America
Online (AOL), AT&T, Cardinal Health, CareerBuilder.com, Chordiant,
CIGNA, CNET, Dell, Factiva, Fidelity Investments, Findexa, IBM,
Knight Ridder, LexisNexis, Overture, Rakuten, Reed Elsevier, Reuters,
Sensis, Stellent, Tenet Healthcare, Thomas Industrial Networks,
T-Online, US Army, Virgilio (Telecom Italia), Vodafone, and Wanadoo.
FAST is headquartered in Norway and is publicly traded under the
ticker symbol 'FAST' on the Oslo Stock Exchange. The FAST Group
operates globally with presence in Europe, the United States, Asia
Pacific, Australia, South America, and the Middle East. For further
information about FAST, please visit www.fastsearch.com.
(c) 2005 Fast Search & Transfer ASA - Fast Search & Transfer,
FAST, FAST ESP, FAST Data Search, FAST Marketrac, FAST AdVisor, FAST
InStream, FAST ImPulse, FAST mSearch, FAST ProPublish and the FAST
four-colored logo are trademarks of Fast Search & Transfer ASA. All
rights reserved. FAST disclaims any proprietary interest in the marks
and names of others. All other trademarks mentioned in this document
are the property of their respective owners.

Contact:

For more information from FAST Search & Transfer, please contact:
Brian Greehan, +1-781-274-6061 x214, fast@sparksource.com. Carine
Zeier (Europe), +47-23-01-13-47, +47-48-01-13-47 (Mobile). Paul
Gillet (France), Tel: +33-01-40-16-18-50, gillet@elektron-presse.com

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