Egreetings Network Launches Innovative `Attachable' Gift Certificates to Complement Its Free E-cards.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--March 6, 2000 Ease of ordering, delight of receiving are benefits of new ecommerce See e-commerce. service Egreetings Network, Inc. (Nasdaq:EGRT), a leading online provider of online cards and gifts at its website, www.egreetings.com, has launched an innovative "attach a gift certificate" functionality, allowing consumers and businesses to convert any of its 7000 free e-cards into instant gift certificates. "Our new attach a gift certificate option easily transforms an online card into an impulse impulse, in mechanics: see momentum. Impulse (mechanics) The integral of a force over an interval of time. For a force F , the impulse J over the interval from t0 to t1 opportunity to also send a thoughtful gift," said Egreetings 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. Gordon Gordon, river in W Tasmania, Australia, 125 mi (200 km) long. Flowing from mountains to the W coast, its main tributaries are the Franklin and Denison from the N, and Serpentine and Olga to the S. M. Tucker. "This new service expands the convenience of our site and further enhances ecommerce opportunities through our growing list of partnering companies. We believe the digital gift certificate option will increase the number of transactions on our site by offering users a convenient gift-giving solution that pleases both the sender and the recipient," he said. Initial online gift certificate partners include: Reel.com, CDNOW CDNOW.com was an online retailer, founded in February 1994 by twin brothers Jason Olim and Matthew Olim of Ambler, Pennsylvania. CDNOW was initially launched as a telnet (text-only) service in August 1994, and then as a website in September 1994. , Illuminations and RocketCash. Online gift certificates can be ordered in denominations from $25-$100 and are redeemable Redeemable Eligible for redemption under the terms of an indenture. immediately on the partnering site. Additional gift certificate offers will be added regularly. Gift certificates are a perfect complement for online cards sent for birthdays, anniversaries, business acknowledgements or any occasion where a gift would be a thoughtful addition. Egreetings' has designed an innovative delivery that makes online gift certificates an attractive impulse purchase An impulse purchase is an unplanned or otherwise spontaneous purchase. One who tends to make such purchases is referred to as an impulse buyer. Marketers and retailers tend to exploit these impulses which are tied to the basic need for instant gratification. decision. When customers select a free e-card (Electronic-CARD) A digital greeting card or postcard created on the Web and sent to someone via the Web. Most e-card sites are paid for by banner ads which you see while you design your card, while others employ this as a way to attract traffic to the site to sell other , they are automatically offered the option of ordering a gift certificate. The gift recipient, in addition to receiving the e-card, also receives a colorful animation of a bouncing, gift-wrapped box that pops open to reveal the selected online gift certificate and redemption instructions. ABOUT EGREETINGS NETWORK, INC. Egreetings offers consumers and businesses a convenient and creative way to express themselves online through e-cards, gifts and invitations. The Egreetings.com Web site includes over 7000 free online cards for all occasions and sentiments which feature rich graphics, animations and music that consumers can personalize per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. to make their messages memorable and unique. Egreetings.com also offers a wide variety of gifts and online gift certificates, making it easy for consumers to find and send a thoughtful gift along with their online card. The Egreetings Invites service allows visitors to easily organize and manage personal and business events online. Egreetings Network, Inc. is a Nasdaq-listed company under the symbol EGRT. E-greetings is a registered trademark and Egreetings is a trademark of Egreetings Network, Inc. This news release contains 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. that involve a number of risks and uncertainties. These statements may differ materially from actual future events or results. Among the important risk factors that could cause such differences are the risks associated with the integration of digital gift certificates on the Egreetings.com site, the early development stage of Egreetings.com ecommerce initiatives, the effect of current and future competition in the online greetings business, as well as the risk factors detailed from time to time in the company's periodic reports and registration statements which are filed with the Securities and Exchange Commission. |
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