Egghead.com Kicks Off `Speed Into Summer' Promotion; Teams With Russ Wicks for World Water Speed Record.Business Editors/Internet Writers MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--May 18, 2000 Offers Outstanding Deals on Leading High-Speed Products from 3dfx, HP, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Intel Egghead.com(R), Inc. (Nasdaq:EGGS), a leading Internet retailer specializing in technology products, is teaming with hydroplane hydroplane, small, high-powered racing boat designed to skim along the surface of the water. Its hull is so shaped that at high speeds the bow is tilted up out of the water, reducing the effect of frictional drag. Hydroplanes are commonly powered by outboard motors. driver Russ Wicks as he attempts to set a one-mile straight-away World Water Speed Record for a propeller-driven boat on June 14, 2000 on Lake Washington Lake Washington is the second largest natural lake in state of Washington (after Lake Chelan) and the largest lake in King County. It is bordered by the cities of Seattle on the west, Bellevue and Kirkland on the east, Renton on the south and Kenmore on the north, and surrounds in Seattle. To kick off its involvement in the race, Egghead.com has launched a special "Speed into Summer" promotion featuring "high-speed" products from leading vendors and fellow race partners 3dfx, Hewlett-Packard, IBM and Intel. These products include IBM desktops and notebooks featuring the Intel Pentium III The successor to the Pentium II from Intel. Introduced in the spring of 1999 at 500 MHz, the Pentium III architecture was similar to the Pentium II with the addition of 70 new instructions optimized for multimedia (see SSE). Processor, 3dfx new Voodoo5 5500, and Hewlett-Packard's high-performance Inkjet and LaserJet printers. Speed into Summer Promotion Egghead.com's Speed into Summer promotion features special pricing on high-speed products, and will be promoted through specially targeted e-mails as well as both internal and external advertising banners. Customers entering the promotional give-away get a chance to win several "high-speed" prizes, including: 3rd prize -- IBM 1GHz Aptiva processor with monitor 2nd prize -- Trip to the World Water Speed Record for two in Seattle, WA 1st prize -- Kawasaki Jet Ski Jet Ski A trademark used for a personal watercraft. jet ski Noun a small self-propelled vehicle resembling a scooter, which skims across water on a flat keel jet skiing n Watercraft The promotion, which began earlier this month, will run through May 25. Egghead.com will announce prize winners on June 1. About the World Water Speed Record As the longest-standing major speed record in history, the current World Water Speed Record for a propeller-driven boat as set by Roy Duby in 1962 has not been broken for nearly four decades. The current world record is 200.419 miles per hour at Lake Guntersville, Ala. This year's record attempt by Russ Wicks will be officiated by the American Power Boat Association The American Power Boat Association was started in 1903 as a racing association for powerboats. It is the sanctioning representative for the U.I.M., Union Internationale Motonautique, the world governing body, in the United States. . To set the one-mile straight qualifying speed record for a propeller-driven boat, the driver must make two runs on a one-mile straight course, in opposite directions, within a 20-minute period. The official time will be the average of the two runs. Seattle native Russ Wicks, 34, has competed in more than 700 races, beginning with Motocross motocross Form of motorcycle racing in which cyclists compete on a closed course marked out over natural or simulated rough terrain. Courses vary widely but must be 1.5–5 km (1–3 mi) in length, with steep inclines, hairpin turns, and mud. at age 10, and progressing through Supercross, Formula 2000, Super Vee and, most recently, testing for the Indianapolis 500. "We're extremely excited and well prepared," said Wicks. "The boat has proven in competition that it can break the 200 mile-per-hour mark, and I've been training extensively for the past year. We're delighted that Egghead.com has chosen to partner with us in our pursuit of the world record. They are a well respected, leading technology e-tailer with local roots, and their focus on cutting-edge technology fits nicely with the nature of this record." About Egghead.com The new Egghead.com is a leading Internet retailer specializing in technology products for the office and home. Egghead merged with Onsale, Inc. in November 1999, and offers a wide range of items from computer hardware and software to consumer electronics, sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport and vacation packages. Its auction site offers bargains on excess and closeout closeout, closure the finalization of a feeding program in a feedlot. The cattle are sold and a balance sheet is struck which includes the costs of feeding and housing or confining them. goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . Egghead.com combines broad selection, low prices and excellent service to provide an outstanding online shopping experience for businesses and consumers. Egghead.com is located on the Internet at www.egghead.com. This press release may contain "forward-looking" statements, including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense, and statements that we "expect," "plan," "estimate," "anticipate" or "believe," are forward-looking statements. These forward-looking statements are based on information available to us at the time of this release and we assume no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations as a result of numerous factors. For example: additional issuances of our common stock may have the effect of lowering the market price of our shares; it may be more difficult than we anticipate, as a result of continued strong competition, to increase our customer base average spending or gross margins; and we may encounter unexpected difficulties in implementing our business plans. These and other risks and uncertainties associated with our business are detailed in our most recent Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Form 10-Q Form 10-Q See 10-Q. , and the prospectus and any supplements filed in connection with the registration statement covering this offering, which are on file with the SEC and available through www.sec.gov. (c)2000 Egghead.com, Inc. All Rights Reserved. Egghead.com and Onsale are registered trademarks of Egghead.com, Inc. All other companies and their brand names mentioned are trademarks or registered trademarks of their respective holders. |
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