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ReturnBuy Appoints Sunbeam Executive as Senior Vice President of Sales.

Business Editors/Hi-Tech Writers

ASHBURN, Va.--(BUSINESS WIRE)--July 10, 2001

ReturnBuy, Inc., the innovation leader in returns services, announced today that it has appointed former Sunbeam Corporation executive James Moynihan, Jr. as senior vice president of sales, marketing and client services, to drive the company's continued exponential sales growth.

Moynihan brings 20 years of sales management and marketing experience in the consumer packaged goods industry across multiple retail channels to his new role with ReturnBuy. He will be responsible for leading ReturnBuy's growing sales force, as well as overseeing client services and client marketing to enhance the customer relationship and experience with ReturnBuy's leading-edge solution. Moynihan will report directly to ReturnBuy CEO Walt Shill.

"James has a proven track record of building strategic customer partnerships with major players from retailing, manufacturing and distribution," said Walt Shill, president and CEO of ReturnBuy, Inc. "In addition, he has two decades of experience in dealing with channel conflict and brand differentiation strategies, issues faced by all our potential clients. James' guidance in the execution of our sales and marketing strategies will be key as we further establish ourselves as a leader in the returns and excess inventory space."

"As a veteran of the consumer packaged goods industry, I immediately saw the value of ReturnBuy's business model: optimizing the resale of returned and excess inventory through complementary channels," said Moynihan. "I am delighted to join the ReturnBuy team as we continue to form long term strategic partnerships with innovative retailers and manufacturers, reducing unnecessary supply chain costs and optimizing key return on investment metrics."

About Moynihan

As a senior vice president at Sunbeam Corporation, Moynihan led a team of 110 members responsible for sales operations and customer relationship management strategies. He honed his sales and management skills, serving as a vice president at both Coleman Company and Hamilton Beach-Procter Silex, where he led the strategic selling efforts and go-to-market brand strategies across multiple retail trade channels. Moynihan began his career in 1979 as a sales representative at Proctor & Gamble where he was consistently promoted through the management ranks and recognized for his outstanding contributions.

About ReturnBuy

ReturnBuy, Inc. utilizes web-based technology solutions incorporated into proven logistics platforms to optimize both the processing and resale of returned and excess inventory. ReturnBuy returns more revenue to clients by moving static inventory through complementary channels. The company completed two rounds of funding from several prominent investors including ePlanet Ventures, Draper Atlantic, eBay and a team of leading technology investors that previously funded Intel, Apple and Hotmail.

Currently, ReturnBuy serves over 15 clients, including Egghead.com, a leading Internet direct marketer of technology and related products. In addition to several top Internet retailers, ReturnBuy serves leaders in traditional retail, as well as distributors and manufacturers. ReturnBuy is headquartered in Ashburn, Virginia, and operates nationally through its 250,000 sq. foot facility in South Carolina. For more information visit www.ReturnBuy.com/business.
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Publication:Business Wire
Date:Jul 10, 2001
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