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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Art Baeckel who wrote (1776)11/3/2000 9:29:33 AM
From: Art Baeckel  Read Replies (1) of 1911
 
Ames Launches New On-line Options for
Holiday Shoppers

Business Wire - November 03, 2000 08:02

ROCKY HILL, Conn.--(BUSINESS WIRE)--Nov. 3, 2000--Ames
Department Stores, Inc. (NASDAQ: AMES) today announced the launch of
its full-line e-commerce web-site, AmesPlace.com and the introduction of
on-line shopping for Ames customers.

AmesPlace.com is the Internet subsidiary of Ames Department Store, Inc.
which incorporates all Internet initiatives including on-line bargain shopping,
prescription fulfillment at Amesmeds.com, company information at
Amesstores.com and links to other on-line retailers.

AmesPlace.com extends the walls of its brick and mortar stores by offering
customers their trademark, "Bargains By The Bagful" on-line. Rolando de
Aguiar, President of AmesPlace.com, stated that Ames' latest e-commerce
initiative is focused on meeting the needs of its core customers. "Ames'
customers are the fastest growing segment on the Internet," de Aguiar noted.
"We're now well positioned to meet their holiday on-line needs. By offering
items that are not usually found in our stores, we're giving them even more
choices and values for their hard-earned dollars.

"Our initial merchandise assortment will focus on our core customer's holiday
gift giving needs, leveraging the convenience of the Internet with our brick and
mortar stores," de Aguiar continued. "AmesPlace.com will provide select
products and services directed towards gift purchases this holiday season,
including Electronics, Toys, Automotive, Hardware, Small Appliances, Pet
Supplies, Stationery, Cosmetics, Fragrances and more. After the holidays, our
product mix will be expanded based on customer feedback."

Customers will have the ability to view history and track orders while shopping
on-line. As an additional measure of service and convenience, returns will be
accepted at all store locations. In addition, 55 Gold(R) members will receive a
10% discount on purchases each Tuesday by using their membership card
on-line.

With 479 stores located in 19 states and the District of Columbia, Ames is the
nation's largest regional, full-line discount retailer with annual sales of $4 billion.
Ames offers a broad range of merchandise categories including family apparel,
housewares, domestics, electronics, ready-to-assemble furniture, jewelry, craft
and pet supplies, health and beauty care items, stationery, sporting goods, toys,
seasonal products and more.

For fax copies of Ames' most recent news releases, dial 1-800-925-7792. To
find the location of the Ames store nearest you, dial 1-800-SHOP-AMES.

amesplace.com amesstores.com
espanol.amesstores.com

CONTACT: Ames Department Stores, Inc., Rocky Hill
Mary McCabe, 860/257-2590
mmccabe@ameshome.com
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