1-800-FLOWERS.COM Reports Distribution of Approximately Five Million Shares by Benchmark Capital to its Partners.Business Editors WESTBURY, N.Y.--(BUSINESS WIRE)--Jan. 7, 2002 Distribution Increases "Market Float" of 1-800-FLOWERS.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. (R) Shares to Approximately 19 Million 1-800-FLOWERS.COM (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FLWS FLWS Force Level Warfare Systems ), a leading multi-channel retailer of thoughtful gifts for all occasions, today said that Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon , a California-based venture capital firm, has distributed approximately five million shares of 1-800-FLOWERS.COM stock to its limited and general partners. The distribution, to more than 100 limited partners in the Benchmark Capital funds and the Benchmark general partners, includes all of the shares of 1-800-FLOWERS.COM stock owned by Benchmark. Benchmark Capital acquired the shares in 1-800-FLOWERS.COM on May 20, 1999 in a private transaction just prior to the Company's August initial public offering. Jim McCann, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 1-800-FLOWERS.COM, said, "As we stated in our press release last week, we continue to be pleased with our operating performance and we remain focused on growing our business cost effectively and thereby building long-term shareholder value. We believe the Benchmark distribution will provide long-term benefits for our shareholders by increasing liquidity in the marketplace." About 1-800-FLOWERS.COM(R) With one of the most recognized brands in gift retailing, 1-800-FLOWERS.COM provides a broad range of thoughtful gift products including flowers, plants, gourmet foods, candies, gift baskets and other unique gifts to customers around the world via: the Internet at (www.1800flowers.com); by calling 1-800-FLOWERS(R) (1-800-356-9377) 24 hours a day; or by visiting one of its Company- operated or franchised stores. The Company's gift product line is extended by the merchandise sold under its other brand names, including home decor and garden merchandise under Plow & Hearth(R) (phone: 1-800-627-1712 and web: www.plowhearth.com), gourmet food products under GreatFood.com(R) (www.greatfood.com), and children's gifts under Hearthsong(R) (www.hearthsong.com) and Magic Cabin Dolls(R) (www.magiccabindolls.com). 1-800-FLOWERS.COM currently maintains strategic online relationships with AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner (AOL keyword: flowers), Yahoo!, and Microsoft Corporation (MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). ) among others. The Company's website was recently chosen as one of "The Best Places to Shop Online" by The Wall Street Journal. The Company's Class A common stock is listed on the NASDAQ National Market (ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "FLWS"). |
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