BuySafe.com Opens New High-Speed Internet Stores On @Home Network.CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 17, 1999--BuySafe.com, a leading operator of private-label Internet stores, and @Home Network (Nasdaq:ATHM ATHM Excite@Home (NASDAQ symbol) ATHM Alternative Therapies in Health and Medicine ATHM American Textile History Museum (Lowell, MA) ), the leading provider of broadband Internet See broadband. services via the cable infrastructure, today announced the grand opening of new stores on the @Home service featuring flowers, gifts, and music. Under the terms of the agreement, the stores will be anchor tenants on @Home's shopping channel Shopping channels are television specialty channels that present shopping related content, particularly for home shopping enthusiasts. Home shopping pioneers:
Subscribers can order and receive fresh-cut, hand-delivered flowers, various gifts ranging from fragrances to espresso makers, and music titles in categories including rock, rap, jazz, classical, and new age. Leveraging @Home's high-speed network, they will be able to sample more than 200,000 audio clips from various titles. The new stores will provide 24-hour customer service and free standard domestic shipping to recipients. Subscribers also will have direct access to BuySafe.com's "Gift Finder" service, helping shoppers select items for specific holidays and categories including gender, age, gift type, and price. "Ranging from graphically rich, high-resolution product images to high-speed ordering, @Home's broadband network infrastructure is making Internet shopping increasingly fast, convenient, and easy-to-use," said BuySafe.com President and Chief Executive Officer Aaron Day. "Our goal for these value-oriented stores is to make busy Internet shoppers feel exceptionally pampered pam·per tr.v. pam·pered, pam·per·ing, pam·pers 1. To treat with excessive indulgence: pampered their child. 2. ." "Effective product merchandising drives impulse purchases, presenting a significant opportunity for revenue growth," said Charles Moldow, vice president, @Media sales & marketing for @Home Network. "We feel our broadband platform and `always on' capability, teamed with BuySafe.com's superior merchant skills, will provide our users with a unparalleled avenue for flower, gift, and music purchases." About @Home Network Based in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , @Home Network (Nasdaq:ATHM) distributes high-speed, openly accessible Internet and Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. to residences and businesses using its own network architecture and a variety of transport options including the cable industry's hybrid-fiber coaxial infrastructure. The cable connection provides users significant increases in speed over conventional Internet services. Leveraging the "always on" attributes of cable, @Home allows for unique multimedia applications that go beyond current Web experiences. Individuals seeking additional information about availability and subscription can refer to the @Home Network Web site (www.home.net). Since its founding in 1995, @Home Network has reached affiliate agreements with eighteen leading cable companies-worldwide, including AT&T Broadband and Internet Services, Bresnan Communications Company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , Cablevision Systems Corp., CasTel, Century Communications, Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. , Cogeco Cable Inc., Comcast Corporation, Cox Communications Cox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television and telecommunications services in the United States. It is the third-largest[2] cable television provider in the United States, serving more than 6. , Garden State Cable, Insight Communications Insight Communications is the ninth largest cable operator in the United States with approximately 1.4 million customer relationships in the four contiguous states of Illinois, Kentucky, Indiana and Ohio. , InterMedia Intermedia - A hypertext system developed by a research group at IRIS (Brown University). Partners, Jones Intercable Jones Intercable was a Cable TV company founded by Glenn Jones. Jones, already a cable television veteran, bought his first cable system in Georgetown, Colorado after taking a $400 loan on his Volkswagen. In 1993 30% of the company was purchased by BCI Telecom Holdings, Ltd. , Lenfest Communications, Midcontinent Cable Co., Palet Kabelcom, Rogers Cablesystems Limited, and Shaw Communications Shaw Communications Inc. (TSX: SJR.NV.B NYSE: SJR) is a Canadian telecomunications company headquartered in Calgary, Alberta. The company was founded by J.R. Shaw in 1966 as Capital Cable Television Co Ltd.. . About BuySafe.com Founded in 1995, BuySafe.com (www.buysafe.com) is a leading operator of private-label Internet stores. Private-label Internet stores offer host site operators the advantage of instant e-commerce and profit with no investment in retail infrastructure. For BuySafe.com, private-labeling ensures high store traffic without heavy promotional expense. BuySafe has designed and implemented private-label stores for a growing number of popular Internet sites such as GeoCities, latimes.com and the E-greetings Network. Collectively, BuySafe's private-label stores can offer a selection of more than two million items, along with 24-hour customer service, free standard shipping within the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. and return options on all merchandise. Privately held BuySafe.com is headquartered in Cambridge, Mass. @Home Network, @Home and the @ logo are trademarks of At Home Corporation and may be registered in certain jurisdictions. All other brands and product names are trademarks of their respective companies. This press release contains forward-looking information within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements concern the anticipated results of the integration of BuySafe.com's services into the @Home service. Those results are subject to a number of risks and uncertainties, including the uncertainty of whether subscribers will find BuySafe's services attractive or useful; and whether the integration of BuySafe's services into @Home service will generate revenues for the companies. Actual results may differ materially due to a number of factors, including: technological, operational, and financial challenges of developing an integrated service that subscribers find useful and compelling; the companies' ability to support this integrated service; the degree of customer and industry acceptance and support for the service; and the companies' ability to manage the service. The matters discussed in this press release also involve risks and uncertainties described from time to time in @Home's filings with the Securities and Exchange Commission. In particular, see the risk factors described in @Home's Form S-3 Registration Statement filed on August 12, 1998 and in its Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1998. @Home assumes no obligation to update the forward-looking information contained in this press release. |
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