About PETsMART.com
PETsMART.com is the Internet's premier site for pet supplies and
pet care needs. PETsMART.com offers the largest product selection,
excellent customer value, superior service, and compelling content.
PETsMART.com was founded in May 1999, and is a privately held company
based in Pasadena, Calif. PETsMART.com, Inc. is the successful
collaboration between two industry powerhouses, PETsMART, Inc.
(NASDAQ:PETM), a leading retailer of pet food, supplies and services,
and idealab!, the nation's leading Internet incubator of such
companies as eToys and GoTo.com. Other investors include idealab
Capital Partners and Global Retail Partners.
About PETsMART, Inc.
PETsMART, Inc. (NASDAQ:PETM) is a leading retail supplier of
products and services for pets and their families. The company
operates more than 570 pet superstores in the United States, Canada
and the United Kingdom, has a major pet supply catalog business, and
is a leading online provider of pet products and information
(www.petsmart.com). PETsMART provides a broad range of competitively
priced pet food and supplies, and offers full-service veterinary,
grooming and pet training services. Since 1992, the company's
charitable giving and animal adoption programs have saved the lives of
more than 500,000 companion animals.
About Global Retail Partners
Global Retail Partners (GRP), based in Los Angeles, is a growth
capital fund dedicated to the crossover of the retail industry and
e-commerce. It was formed in 1996 with the vision of being a key
participant in the way goods and services are distributed to consumers
in the future. GRP's founders and professionals each have more than
fifteen years of relevant experience and currently manage $150 million
in committed capital. GRP invests in startups and early-stage
companies both in the U.S. and in Europe. It looks for companies with
great management and innovative business models focused on delivering
new or better value added services to consumers and businesses. Global
Retail Partners' Internet investments include Ticket
Master-CitySearch, Beyond.com, GoTo.com, CyberSource, InterWorld,
Garden.com, Exactis.com, UGO Networks, Pangolin Ltd., and Homestead
Technologies.
About idealab!
idealab! is an integrated incubator for identifying, creating and
operating Internet businesses. Founded in March of 1996 by
entrepreneur Bill Gross, the company has more than 20 businesses in
various stages of development. In addition to seed capital, idealab!
provides a full range of resources to infuse startup companies with
the development strategies and financial support needed to rapidly
introduce innovative products and services. idealab! itself currently
employs more than 50 people, while idealab! companies employ more than
1,000. idealab! is located in historic Old Town Pasadena, California,
and draws many of its creative people from Caltech, the Art Center
College of Design and Hollywood.
About idealab Capital Partners (ICP)
ICP is a traditional venture capital firm affiliated with
idealab! and located in Pasadena. ICP's two funds have $470 million in
capital from institutional and private investors. A leader in
early-stage venture financing of Internet companies, ICP has invested
in over 25 Internet startups, including many firms incubated at
idealab!, plus outside start-ups such as NetZero, Jump!, RealNames,
MP3.com and Aveo. More information about ICP can be found at
www.icp.com.
About Big Dog Holdings, Inc.
Big Dog Holdings (NASDAQ:BDOG) develops, markets and retails a
branded, lifestyle collection of unique, high-quality, popular-priced
consumer products, including activewear, casual sportswear,
accessories and gifts. The Big Dog brand image is one of quality, fun
and a sense of humor. BIG DOGS brand is designed to appeal to people
of all ages and demographics, particularly baby boomers and their
kids, big and tall customers, and pet owners. The company is
leveraging its brand equity through selective licensing, cross
promotions and the building of an Internet Enterprise for its market.
In addition to its 182 retail stores, BIG DOGS markets its products
through its catalog, better wholesale accounts and online.
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CONTACT: Edelman Worldwide, Los Angeles
323/857-9100
Jennifer Friedman, ext. 249
jennifer_friedman@edelman.com
Allison Novela, ext. 243
allison_novela@edelman.com
KEYWORD: CALIFORNIA INTERNATIONAL EUROPE CANADA
INDUSTRY KEYWORD: INERACTIVE/MULTIMEDIA/INTERNET COMED RETAIL
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