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Monday December 7, 8:03 am Eastern Time
Company Press Release
SOURCE: Multiple Zones International, Inc.
pczone.com to Launch Web Auction Service From FairMarket, Inc.
$490 Million Direct Marketer to Offer FairMarket Auction Service to Internet Customers
RENTON, Wash., Dec. 7 /PRNewswire/ -- Multiple Zones International, Inc. (Nasdaq: MZON - news), a leading direct marketer of computer products, announced today that it will launch FairMarket's web auction service on its award-winning online SuperStore, pczone.com. Through the agreement, FairMarket will host its Community AuctionPlace for pczone.com at www.auctions.zones.com. Beginning mid-December, customers can enjoy increased buying options and bid on their favorite computer products.
''We are enthusiastic to offer one of the best online auction services available, through our agreement with FairMarket,'' said Phil Lalji, Multiple Zones' President and CEO. ''Adding this new auction service will give online shoppers another compelling reason to visit pczone.com. We feel that customers will enjoy the increased buying choices, while benefiting from the superior pricing, selection and service that they have come to expect from pczone.com.''
The FairMarket Community AuctionPlace is a customizable web auction service that enables web-based communities and merchants, such as Multiple Zones, to auction current merchandise, excess products or returned items quickly and easily, while creating a community of registered users. The Community AuctionPlace service will enable Multiple Zones to provide a new sales channel, increase customer loyalty and capture additional Web user registration and purchasing information, all with the goal of increasing revenue and customer satisfaction.
''We are pleased that Multiple Zones, an international direct marketer with a leading Internet SuperStore, has chosen the FairMarket auction services for its customers,'' commented Scott T. Randall, FairMarket Founder and Chief Executive Officer. ''The Community AuctionPlace service provides our company-partners with the wealth of knowledge that FairMarket has amassed through its experience, without the complications of actually running an in-house auction service.''
For the third quarter of 1998, pczone.com posted net sales of $13.6 million, a 73% sequential increase and an increase of 334% from sales in the prior year third quarter. In addition, The PC Zone® was recently given a Computer Shopper ''Best Buy'' award as the Best Place To Buy Software.
About FairMarket, Inc.:
FairMarket, Inc. provides integrated auction and commerce services immediately enabling web-based communities to increase page views, to generate revenue by monetizing traffic, and to acquire and retain more community members. FairMarket's Community AuctionPlace service encompasses the software hosting, and all of the necessary member support services. Established in 1997, FairMarket is located in Woburn, Mass. fairmarket.com
About Multiple Zones International, Inc.:
Multiple Zones International, Inc. is a leading international direct marketer of brand name microprocessor-based hardware, software, peripherals and accessories for users of PC/Wintel and Apple Macintosh-compatible computers through its Internet SuperStore, pczone.com. A dedicated telemarketing sales force serves the needs of the business, education and government markets. Products are also available through Multiple Zones' two flagship catalogs, The PC Zone® and The Mac Zone® and through its quarterly catalog The Learning Zone®. The Company was founded in 1988, serves 16 countries worldwide, and is headquartered in Renton, Washington. Orders can be placed, or a catalog can be received simply by accessing the Company's web site at zones.com or calling 800-258-2088.
Statement under the Private Securities Litigation Reform Act of 1995
With the exception of the historical information contained herein, the matters described herein contain forward-looking statements that involve risk and uncertainties including but not limited to variability of quarterly results, reliance on vendor support and relationships and dependence on sales of Macintosh products. These and other risk factors are described generally in the Risk Factors section of the Company's 10-Q dated September 30, 1998 filed with the Securities and Exchange Commission.
SOURCE: Multiple Zones International, Inc.
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