CyberShop.com Expands Distribution of Auction Site.JERSEY CITY--(BUSINESS WIRE)--Sept. 21, 1999-- Successful Auctions to Receive Added Traffic From Lycos, Excite @ Home, 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). and Other Content Sites Participating in Auction Network CyberShop.com (R), Inc (Nasdaq: CYSP) today announced it has secured additional distribution for its auction site on Lycos (Nasdaq: LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), Excite @ Home (Nasdaq: ATHM ATHM Excite@Home (NASDAQ symbol) ATHM Alternative Therapies in Health and Medicine ATHM American Textile History Museum (Lowell, MA) ) and MSN (Nasdaq: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) through its arrangements with the Fairmarket Auction Network. Fairmarket, which operates CyberShop.com's auction site http://auctions.electronics.net, has been instrumental in signing a number of content and community-oriented sites creating an auction network to drive more traffic to auctions listed on electronics.Net, CyberShop.com' joint venture with Tops Appliance City (Nasdaq: TOPS). Other content sites on the auction network providing traffic and customers to CyberShop.com's auction site include Ziff Davis' (NYSE NYSE See: New York Stock Exchange : ZD) ZDNet Auctions and XOOM XOOM Extraction of Object Oriented Software Metrics (Nasdaq: XMCM). "Auctions have been an exciting way for us to acquire new customers for both CyberShop.com and electronics.Net", explains Jeff Tauber, 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 CyberShop.com. "This new distribution from Lycos, MSN and Excite has given a real boost to our traffic and demand for auctions." Auctions have been an exciting feature, attracting thousands of new customers and registrants to CyberShop.com and electronics.Net who register to bid and win top quality, branded consumer electronics. Before the creation of the auction network, the only way to access auctions had been from the home pages of CyberShop.com's online stores. About CyberShop.com CyberShop.com, a leading online retailer, operates two online stores. Our flagship store located at http://www.cybershop.com offers discounted designer and brand-name apparel, electronics, home accessories, toys, gifts and watches all at closeout prices. electronics.net, CyberShop.com's joint venture with Tops Appliance City (Nasdaq: TOPS news), located at http://www.electronics.net offers a broad assortment of consumer electronics, appliances and home office equipment for sale online. About Tops Appliance City Headquartered in Edison, New Jersey Edison Township (usually known as Edison) is a township in Middlesex County, New Jersey, United States. As of the United States 2000 Census, the township had a total population of 97,687, making it at the time the fifth largest municipality in New Jersey. As of the U.S. , Tops Appliance City, Inc. is a leading retailer of home appliances and consumer electronics in New Jersey and New York, serving a customer base within the Greater New York Metropolitan Area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . The Company operates ten retail megastores as well as a commercial division, in addition to selling its products through http://electronics.net Safe Harbor This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, CyberShop.com's limited operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, competition, risks associated with system development and operation risks, management of potential growth and risks of new business areas, and strategic alliances. |
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