/C O R R E C T I O N -- ChannelAdvisor Corporation/

/C O R R E C T I O N -- ChannelAdvisor Corporation/

In the news release, ChannelAdvisor Corporation Announces Record Day of $18 Million E-Commerce Channel Sales on Cyber Monday, issued yesterday, Dec. 2, by ChannelAdvisor Corporation over PR Newswire, we are advised by the company that the first paragraph, first sentence, should read "(Gross Merchandise Value)" rather than "(Gross Merchandise Volume)" as originally issued inadvertently. Complete, corrected release follows:

ChannelAdvisor Announces Record Day of $18 Million E-Commerce Channel Sales on Cyber Monday

Leading provider of e-commerce channel management solutions sees record growth despite tough economic times

RESEARCH TRIANGLE PARK, N.C., Dec. 2 -- ChannelAdvisor (http://www.channeladvisor.com/), the leading provider of e-commerce channel management solutions, announced today that it is seeing significant GMV (Gross Merchandise Value) growth across multiple e-commerce channels early in the 2008 holiday shopping season. ChannelAdvisor has already broken its largest one day GMV total of $11.6m that was set November 26, 2007 twice this holiday season with $15m on November 28, 2008 (Black Friday) and $18m that was achieved on December 1, 2008 (Cyber Monday).

"We are very excited to see record GMV levels for Black Friday and Cyber Monday this holiday season," said Scot Wingo, Chief Executive Officer of ChannelAdvisor. "This early data shows that even with economic pressures, consumers continue to research, shop, and most importantly buy products via e- commerce channels during this holiday season. It's also important to note that ChannelAdvisor's customers are growing at a 6-8% y/y same-store-sales rate vs. industry-wide 1% to down rates, which proves that the ChannelAdvisor Complete suite gives our customers a substantial competitive advantage and allows them to take share at a critical time."

The following are some highlights from the ChannelAdvisor Complete(TM) platform for Black Friday by e-commerce channel:

  Paid Search (Google, Yahoo!, MSN, Ask.com, etc)

  168% year over year GMV growth

  Comparison Shopping Engines -- (Google Product Search, Shopping.com,
  Shopzilla, etc.)

  74% year over year GMV growth

  Marketplaces -- (eBay, Amazon, Overstock.com, etc.)

  19% year over year GMV growth
  230% year over year GMV growth via Amazon Merchants at 

The following are some highlights from the ChannelAdvisor Complete(TM) platform for Cyber Monday by e-commerce channel:

  Paid Search (Google, Yahoo!, MSN, Ask.com, etc)

  173% year over year GMV growth

  Comparison Shopping Engines -- (Google Product Search, Shopping.com,
  Shopzilla, etc.)

  77% year over year GMV growth

  Marketplaces -- (eBay, Amazon, Overstock.com)

  22% year over year GMV growth
  231% year over year GMV growth via Amazon Merchants at 


  About ChannelAdvisor Corporation

ChannelAdvisor Corporation provides technology and services that enable leading online retailers to maximize their products across multiple ecommerce marketplaces such as eBay, Amazon.com and Overstock.com, comparison shopping engines such as Shopping.com, Shopzilla, Nextag and Google Product Search and search engines such as Google, Yahoo! and MSN. In 2007, ChannelAdvisor managed over $2.1 billion in gross merchandise value (GMV) on behalf of its customers. ChannelAdvisor solutions combine best practices, on-demand software and integration technology to help retailers sell more products, faster, by automating labor-intensive, manual functions so they spend less time optimizing campaigns and more time solving marketing and business issues. ChannelAdvisor has expanded its retail technology and services by acquiring Rich FX media solutions. MyRichFX(TM), RichImage(TM), RichCatalog(TM), and RichCircular(TM) are now part of the ChannelAdvisor rich media technology and service solutions that ChannelAdvisor offers. ChannelAdvisor's customers include Wal-Mart, GSI Commerce, Brookstone, Abebooks and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Atlanta, Seattle, New York, the United Kingdom, Australia, Ireland and Germany. For more information, visit http://www.channeladvisor.com/.