FRGN 460% increase in sales gonna gapp big!!!
BB
FragranceNet.com January, 2000 Sales Rise 460% Over January, 1999
MONDAY, FEBRUARY 07, 2000 10:45 AM
- BusinessWire
DEER PARK, N.Y., Feb 7, 2000 (BUSINESS WIRE) -- FragranceNet.com, Inc. (OTCBB:FRGN)
(www.fragrancenet.com), the Internet's leading fragrance e-commerce site since 1997, today announced that sales for
the month of January, 2000, rose 460% over January, 1999 to $428,300.
"We have continued the remarkable sales growth of 1999 into the new millennium. We are looking forward to
continued success with our proven method of marketing and superior customer service," said FragranceNet.com
CEO, Jason Apfel.
FragranceNet.com has recently added a number of vendors to it's supplier chain. FragranceNet.com now features over
1,800 brand name fragrances for men and women at discounted prices. FragranceNet.com features these products
without the costs associated with stocking inventory.
Apfel went on to say, "When reviewing the latest numbers from Jupiter Communications, they estimate the market for
fragrances and cosmetics to be $23 million in 1999, jumping to $553 million in 2003. Based upon our performance and
leadership position over the last three years, we believe we will have the lions share of the market."
With a leading market share, FragranceNet.com is tapping into the $20 billion worldwide market for fragrances and
fragrance-related products.
About FragranceNet.com Founded in 1997, FragranceNet.com, Inc. operates (www.fragrancenet.com), the world's
largest pure internet discount fragrance store offering more than 1,500 brand-name fragrances at the lowest prices. By
combining an extensive selection with free U.S. shipping and handling, free gift wrapping and a free gift with every
order, FragranceNet.com customers are treated to a unique and easy shopping experience.
This press release contains certain forward-looking statements, which may involve known and unknown material risks,
uncertainties and other factors not under the Company's control including without limitation the need for additional
financing, the impact of competition, the management of growth, compliance with applicable regulatory requirements,
the Company's ability to implement its long term business plan for acquiring complementary businesses, and the
Company's ability to enter into agreements with marketing or distribution partners, which may cause actual results,
performance and material achievements of the Company to be materially different from the Company's expectations.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: FragranceNet.com, Inc.
Susan Langen, 631/242-3205
slangen@fragrancenet.com
WEB PAGE: businesswire.com
GEOGRAPHY: NEW YORK
INDUSTRY CODE: INTERNET
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