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Microcap & Penny Stocks : AGRS -AGRISTAR INC

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Mar 7 3:00 PM EST

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To: hoffy who wrote (148)	5/19/1999 7:27:00 PM
From: $Mogul	Read Replies (1) of 684

AOL sets online shopping push America Online (AOL: news, msgs) said it will introduce a new online shopping service later this year. "AOL is (already) bringing a million consumers into the cyberspace market place every 60 days," said AOL president Bob Pittman. The company named Patrick Gates to run the new venture, Shop@AOL, and to also oversee unspecified commerce and merchandising efforts. Gates' experience includes working with Home Shopping Network and Barney's New York. AOL said its new effort will "set a new industry standard for consumer convenience while incorporating a merchandising strategy for partners to drive sales of its retail partners' goods and services." The company also said AOL shoppers spent a record $1.8 billion dollars in the March 1999 quarter, spending 75 percent more in March alone than they did in September, just six months ago. See full story.

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