Egghead.com Named Top Ten E-Commerce Site by Media Metrix; Also Grows To Top 10 Largest Reseller Serviced By Distributor Tech Data.Business Editors 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)--Dec. 29, 1999 Egghead.com, Inc. (Nasdaq:EGGS), a leading Internet retailer, is among the top ten e-commerce sites for the week ending December 19, 1999, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Media Metrix, with over 1.1 million estimated unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. for the week. It was also the sixth largest audience gainer for the week, rising forty-two percent compared to the previous three weeks(a). "These increases in our traffic as measured by Media Metrix are further confirmation of the success of our merger with Onsale, and demonstrate broad acceptance of the Egghead.com name as a top brand among Internet retailers," said Jerry Kaplan, Egghead.com's 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. . "Our audience, the small-to-medium business buyer and home office customer, is substantially less seasonal in its buying behavior than consumers, who buy toys, books and music during the holidays." Pre-merger, Onsale customers spent an average of $765 in their first year, with the top 10% averaging $3,950. "It would take a lot of toys, books, and CDs, to reach this level of customer spending," Kaplan noted. With this increase in traffic, Egghead.com has become more than an online technology store, but also a destination where technology buyers learn about, compare, and select the products they need to run their businesses. As a result, nearly half of the company's gross profit now comes from sources other than product sales - such as sales of advertising, and affiliate revenue-generating agreements. "This means that Egghead.com has become a destination site for technology buyers, and is successfully monetizing this audience beyond product sales," Kaplan said. In a related announcement, Egghead.com noted that it has grown to be in the top 10 highest revenue resellers, of Tech Data Corporation. "Since completing our merger, over 60 percent of our sales have been `virtual,' meaning that we take no inventory risk nor incur handling costs on these orders," Kaplan added. "Our growing use of nationwide distributors permits us to leverage their resources to better service our customers while keeping costs down." (a) All Media Metrix data from Media Metrix December 1999 Top Ecommerce Gainers Report. About Egghead.com Egghead.com (Nasdaq: EGGS) is a leading Internet retailer of new and surplus computer products, 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. Through its auction site - Onsale.com - the company 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. (c)1999 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. This press release contains "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 future tense n. A verb tense expressing future time. Noun 1. future tense - a verb tense that expresses actions or states in the future future , and statements that we "expect", "plan", "estimate", "anticipate" or "believe", are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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, we may not achieve the expected benefits of the merger, gross margins can fluctuate reflecting the mix of products sold and the mix of non-product revenue, and the figures for web site visitors and visitor minutes can shift rapidly. 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. , which are on file with the SEC and available through www.sec.gov. |
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