<<LAS VEGAS--Look out, Amazon.com. Here comes Buy.com
With breathtaking ambition, Buy.com today announced a name change, a merger with SpeedServe, an online retailer of books, videos, and soon music; and stated its intent to become the first "e-commerce portal."
Formerly called Buy.Comp and launched just one year ago, Buy.com claims to have sold $100 million in computer hardware and software in its first year. Founder Scott Blum said his store is booking $1 million a day in sales--perhaps $2 million with the addition today of SpeedServe's books and video.
"We think we will change the landscape not only of the Internet but of purchasing on the Internet forever," Blum said. "We are going to set the standard for Internet retailing by providing fully functional sites for everyone who wants to buy books, videos, games, computer products, and in the future, even cars." >>
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