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Non-Tech : PETM - Petsmart

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To: organicgerry who wrote ()	9/24/1999 10:13:00 AM
From: agent99	Read Replies (1) of 1508

DJ PetsMart Internet Unit To Get $50M In Financing PASADENA, Calif. (Dow Jones)--PetsMart Inc.'s (PETM) PetsMart.com Internet retail unit received a commitment for more than $50 million in financing. In a press release Friday, PetsMart.com said it will receive the financing from PetsMart Inc., as well as outside investors, including Idealab, Idealab Capital Partners, Global Retail Partners and Big Dog Holdings Inc. (BDOG). PetsMart.com plans to use the financing for its national marketing program and continued Web-site development. PetsMart is a chain of retail pet food and supply stores. -Christian Zwahlen; Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 09-24-99 10:07 AM

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