I beg to differ. The bid was placed on Saturday December 12, 1998. I know, becuase I made 5 or 6 bids at around 8am EST that day trying to be the 9 millionth bidder.
The press release came the next Wednesday:
Wednesday December 16, 10:53 am Eastern Time
Company Press Release
ONSALE Logs Nine-Millionth Bid
MENLO PARK, Calif.--(BUSINESS WIRE)--Dec. 16,
1998--ONSALE® Inc. (Nasdaq:ONSL - news), a leading
Internet real-time retailer, today reported that more than nine million bids have been placed on its
Web site at www.onsale.com.
The nine-millionth bid was placed on Dec. 12 at 6:51 a.m. (PST), and comes less than two months
after reaching the eight-millionth bid.
Charles Cook, a long-time customer from Clintonville, W.Va., placed the landmark bid for a
memory card. ''I've been a customer of ONSALE for more than two years,'' said Cook. ''In that
time, I've purchased many items from ONSALE including a fax machine, computer memory, a
printer/scanner, and a laptop case. I keep coming back because I can always find a great deal.''
''ONSALE has a loyal and active customer base,'' said Jerry Kaplan, ONSALE's president and
CEO. ''Mr. Cook registered with ONSALE in October 1996, and subsequently has made more
than 20 purchases with us. Retaining a high repeat buyer rate while growing our customer base each
quarter illustrates the viability of ONSALE's distribution channel and our commitment to providing
great deals and exceptional service.''
For the quarter ended Sept. 30, 1998, more than 822,000 people had registered to bid, a 23
percent increase over the previous quarter. Repeat customers accounted for 77 percent of the
orders.
About ONSALE
ONSALE (Nasdaq:ONSL - news) is a leading Internet real-time retailer pioneering an efficient and
entertaining new distribution channel -- the interactive online auction. The company specializes in
selling value-oriented merchandise and services, including personal computers, consumer
electronics, housewares, sports and fitness equipment, vacation and travel packages, and specialty
foods over the Internet. ONSALE is located on the World Wide Web at www.onsale.com.
Note to Editors: ONSALE is a registered trademark and Auction Supersite is a trademark of
ONSALE, Inc. All other companies and brand names mentioned are trademarks or registered
trademarks of their respective holders.
This press release contains forward looking statements regarding the company and its expectations
which involve certain risks and uncertainties. These risks and uncertainties are described in more
detail in the company's 1997 Annual Report on Form 10-K under ''Risk Factors.''
Contact:
ONSALE, Inc.
Stefanie Elkins, 650/470-2448
selkins@onsale.com
Brian K. Fawkes, 650/470-2713
bfawkes@onsale.com |
