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Technology Stocks : Ashford.com Inc-(ASFD)

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To: Mohan Marette who wrote ()12/16/1999 8:58:00 AM
From: xgin  Read Replies (1) of 111
 
Thursday December 16, 8:03 am Eastern Time
Company Press Release
SOURCE: Ashford.com
Ashford.com to Offer Free Overnight Shipping as Site Experiences Record Holiday Customer Demand; 1999 Holiday Traffic Seven Times Higher Than 1998; 98% of Site's Items Are in Stock and Ship Within 24 Hours
HOUSTON, Dec. 16 /PRNewswire/ -- Ashford.com (Nasdaq: ASFD - news), the leading Internet retailer of luxury and premium products, today announced that it is now offering free overnight shipping through December 31, 1999. Ashford.com is offering this valuable customer benefit at a time when the site is experiencing record holiday customer demand. For the period from Thanksgiving to December 16th, 1999 site traffic and customers have increased to seven times 1998 levels.

More than 98% of Ashford.com merchandise is in stock and is ready to ship for next day delivery via FedEx or UPS. Until 5 p.m. ET on December 23, Ashford.com will ship any in-stock item for delivery before Christmas.

``We are well stocked in merchandise across all of our 11 product categories, our customer service team is in full gear and our customers don't have to worry about whether their gifts will arrive in time for Christmas,' said Kenny Kurtzman, CEO of Ashford.com. ``Our increase in traffic shows that people are indeed comfortable purchasing more expensive luxury goods online. In the category of diamonds, for example, we've had many large holiday purchases, ranging from $15,000 to more than $65,000 each.'

Some of the top sellers on Ashford.com this holiday season include Omega watches, Wendy Brigode jewelry, Revo sunglasses, Montblanc pens, Jhane Barnes ties and Ralph Lauren perfume
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