Netpace Powers Mobile Commerce for Verizon Wireless With Premium Text Messaging Services
UNION CITY, Calif., May 17 /PRNewswire/ -- Netpace, a single source for mobile marketing solutions, is helping fuel the new U.S. text messaging generation, today announcing that it is providing premium text messaging services for Verizon Wireless, enabling brands to devise personal, timely, targeted marketing campaigns for consumers.
Netpace's ReadySet two-way messaging platform operates and manages premium text messaging programs that deliver valued content to cell phones and offer businesses new revenue-generating marketing programs. Premium text messaging campaigns can include a variety of offerings from sports alerts and radio song dedication requests, to the ability to purchase more exclusive products and services such as an autographed copy of a guest's book via a tag that appears during a television show segment.
"Due to the widespread take-up of SMS, 'premium SMS' is emerging as the next frontier of growth in messaging," said Naqi A. Jaffery, President, Telecom Trends International. "Because it allows users to make payments over the mobile phone, premium SMS is the key to making mobile phones a transaction medium."
According to an April 2004 study by Telecom Trends International, "Mobile Commerce Takes Off," 94.9 million mobile commerce users worldwide generated $6.86 billion in m-commerce revenue in 2003, with projected revenue expected to exceed $554.37 billion by 2008. The Cellular Telecommunications & Internet Association (CTIA) cites that 1.5 billion text messages were sent in the U.S. in June 2003 -- a 50% increase over the previous year.
"The projected climb of m-commerce combined with continued text messaging uptake in the U.S. foretells the tremendous opportunity for premium text messaging," said Vajih Khan, co-CEO, Netpace. "Americans are the best marketers in the world and with the technology now in place, premium text messaging is primed to take off in the U.S. With a higher response rate and a lower cost of customer acquisition than television and magazine ads, premium text messaging will drive mobile marketing toward the mainstream marketing communications channel."
Netpace, which currently processes and manages two-way text messaging for third-party vendors connecting to Verizon Wireless, enhanced its ReadySet platform with a direct connection to Verizon Wireless' back-end billing structure -- a requirement for premium text messaging.
The Verizon Wireless-Netpace combination has already proved successful for a series of messaging programs in 2003 culminating in "TXT2WIN" sweepstakes supporting the "Lord of the Rings" movie promotion.
Netpace's ReadySet platform is a one-stop source for managing a full-service interactive messaging program -- from application programming, messaging sending/delivery and database management to ongoing statistical and management tools.
About Netpace
Netpace, a leading provider of mobile marketing solutions, provides businesses with a broad range of programs for launching and managing interactive campaigns using text-messaging, picture messaging, and other popular consumer applications. With Netpace, businesses have a highly-targeted, cost-effective way to interact with their current customers, reach new customers, and create new revenue streams. Netpace also provides carriers with an integrated solution for creating and managing mobile marketing programs that leverage existing customer intelligence. For more information, visit http://www.netpace.com/ .
Netpace
CONTACT: Drake White of Netpace, +1-510-476-1730, ext. 250, ordwhite@netpace.com; or Wendy Grubow of Eastwick Communications,+1-831-626-7503, or wendy@eastwick.com, for Netpace