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CyberShop Selected as Amazon.com Auctions Charter Merchant
Amazon.com Auctions offers CyberShop's products to millions of users
JERSEY CITY, N.J.--(BUSINESS WIRE)--April 1, 1999-- CyberShop® International, Inc. (NASDAQ: CYSP - news), a leading online retailer, announced today that is among the first to offer items for bidding at Amazon.com Auctions, the new shopping service from Amazon.com (NASDAQ: AMZN - news), the No. 1 online video, music, and book retailer. With almost 8 million customers, Amazon.com is the premier destination for CyberShop to reach qualified and experienced online shoppers and have auctions featured across millions of Amazon.com's pages.
''We're thrilled to extend our own auctions business by partnering with Amazon Auctions. As we announced last week, auctions are a natural extension of our core strategy to grow our revenues and our customer base by offering the unique opportunity to bid for 'great deals on great brands','' said Jeffrey Tauber, CyberShop Chairman and CEO. ''Amazon's loyal customer base and strong commitment to the auction model will quickly help to differentiate us from other off-price retailers.''
Amazon.com Auctions is a customer-friendly destination for shoppers. CyberShop will benefit from special advertising opportunities on the Amazon.com Auctions home and category pages and from a variety of management tools, making it easy to register and sell high volumes of items. Because of Amazon.com's familiar design and easy-to-use features, sellers and buyers enjoy the very best online auction experience.
''CyberShop played a key role in the development of our online auction marketplace,'' said Jeff Blackburn, director of merchant services at Amazon.com. ''With the help of CyberShop and other merchants, we are driving to reach our goal of allowing customers to find, discover, and buy any products they want at Amazon.com.''
CyberShop's Amazon.com Auctions offerings include items from both its main website, www.cybershop.com, as well as from its electronics.net site, www.electronics.net, the ''Biggest Electronics Store Everywhere''. One of the first sites to auction apparel on the Internet, CyberShop's entry into the auction market supports the Company's recent refocused merchandising strategy targeting the flourishing outlet store and off-price categories. The Company has recently added the men's, women's and children's apparel categories to its assortment and continues to offer a range of other merchandise including housewares, electronics, toys, luggage, home office, jewelry and watches. CyberShop sells brand name, first-quality, end-of-season and excess merchandise from brands such as: BCBG, Bisou Bisou, Braun, Calvin Klein, Carole Little, Cartier, Cusinart, DeLonghi, DKNY, Elisabeth, Fendi, Jones NY, Krups, Laundry, Liz Claiborne, Movado, Polo Ralph Lauren, Pooh, Sharp, Tag Heuer, and XOXO. electronics.net sells the largest selection of consumer electronics and appliances on the Internet. Products from both sites are additionally offered through key portals such as America Online (NYSE: AOL - news), Excite (Nasdaq: XCIT - news), Microsoft's (Nasdaq: MSFT - news) MSN Shopping, Yahoo!® Shopping (Nasdaq: YHOO - news), Amazon's ''Shop The Web'' and E*Trade's (Nasdaq: EGRP - news) Shopping Center.
Amazon.com Auctions is the premier destination for people to search for and discover great deals on their favorite collectibles, hard-to-find items, and other goods, such as apparel, housewares and electronics. The Auctions site offers items in a safe and secure environment, with the buyers' experience backed by the Amazon.com Auctions Guarantee. The guarantee program sets a new online auction safety and security standard, by providing buyers up to $250 against misrepresentation or non-receipt of goods. Some restrictions apply; guarantee details are available by visiting the Amazon.com Auctions site.
Amazon.com is offering $10 gift certificates for all first-time winning bidders as an incentive to discover and purchase items at Amazon.com Auctions, which include CyberShop's Grand Opening Specials. Grand Opening Specials include RCA F25216BC 25'' Stereo TV w/Remote at an opening bid of $138.99, PANASONIC SLS205 Portable CD Player w/Extra Bass at an opening bid of $30.00, and CANON BJC250 Color Bubble Jet Printer at an opening bid of $50.00. At the same time, CyberShop will benefit from having Amazon.com Auctions automatically promoted on millions of Amazon.com's book, music, and video product pages.
About CyberShop
CyberShop, a leading online retailer, operates three online stores. CyberShop can be found on the World Wide Web at www.cybershop.com, on America Online in their Shopping channel or by using keyword 'cybershop', and in Yahoo! Shopping. electronics.net, CyberShop's joint venture with Tops Appliance City (Nasdaq: TOPS - news), can be found on the World Wide Web at www.electronics.net. The Company has existing strategic marketing agreements with key portals such as America Online (NYSE: AOL - news), Excite (Nasdaq: XCIT - news), Microsoft's (Nasdaq: MSFT - news) MSN Shopping, Yahoo!r Shopping (Nasdaq: YHOO - news), Amazon's ''Shop The Web'' and E*Trade's (Nasdaq: EGRP - news) Shopping Center.
Certain statements contained in this press release are, or may be considered to be, forward-looking statements that involve risks and uncertainties. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results of operations may differ materially from those projected or suggested in the forward- looking statements. The forward-looking statements contained herein represent the Company's judgment as of the date hereof. The Company expressly disclaims any intent or obligation to update these forward-looking statements.
About Amazon.com, Inc.
Amazon.com, Inc. (NASDAQ: AMZN - news), the Internet's No. 1 video, music, and book retailer, opened its virtual doors on the World Wide Web in July 1995. Today, the Amazon.com store has expanded to offer more than 4.7 million book, music-CD, video, DVD, computer-game, and other titles, plus online auctions, secure credit-card payment, personalized recommendations, and streamlined ordering through 1- Click(SM) technology.
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Contact:
CyberShop International, Inc.
(201)-234-5023
Jill Markus
jillm@cybershop.com
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