To: Captain Ed who wrote (98147 ) 9/21/1999 12:21:00 PM From: Michael $ Respond to of 119973
Tuesday September 21, 10:07 am Eastern Time Company Press Release CyberShop.com Expands Distribution of Auction Site Successful Auctions to Receive Added Traffic From Lycos, Excite @ Home, MSN and Other Content Sites Participating in Auction Network JERSEY CITY--(BUSINESS WIRE)--Sept. 21, 1999-- CyberShop.com (R), Inc (Nasdaq: CYSP - news) today announced it has secured additional distribution for its auction site on Lycos (Nasdaq: LCOS - news), Excite @ Home (Nasdaq: ATHM - news) and MSN (Nasdaq: MSFT - news) through its arrangements with the Fairmarket Auction Network. Fairmarket, which operates CyberShop.com's auction site auctions.electronics.net , has been instrumental in signing a number of content and community-oriented sites creating an auction network to drive more traffic to auctions listed on electronics.Net, CyberShop.com' joint venture with Tops Appliance City (Nasdaq: TOPS - news). Other content sites on the auction network providing traffic and customers to CyberShop.com's auction site include Ziff Davis' (NYSE: ZD - news) ZDNet Auctions and XOOM (Nasdaq: XMCM - news). ''Auctions have been an exciting way for us to acquire new customers for both CyberShop.com and electronics.Net'', explains Jeff Tauber, CEO of CyberShop.com. ''This new distribution from Lycos, MSN and Excite has given a real boost to our traffic and demand for auctions.'' Auctions have been an exciting feature, attracting thousands of new customers and registrants to CyberShop.com and electronics.Net who register to bid and win top quality, branded consumer electronics. Before the creation of the auction network, the only way to access auctions had been from the home pages of CyberShop.com's online stores. About CyberShop.com CyberShop.com, a leading online retailer, operates two online stores. Our flagship store located at cybershop.com offers discounted designer and brand-name apparel, electronics, home accessories, toys, gifts and watches all at closeout prices. electronics.net, CyberShop.com's joint venture with Tops Appliance City (Nasdaq: TOPS news), located at electronics.net offers a broad assortment of consumer electronics, appliances and home office equipment for sale online. About Tops Appliance City Headquartered in Edison, New Jersey, Tops Appliance City, Inc. is a leading retailer of home appliances and consumer electronics in New Jersey and New York, serving a customer base within the Greater New York Metropolitan Area. The Company operates ten retail megastores as well as a commercial division, in addition to selling its products through electronics.net Safe Harbor This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, CyberShop.com's limited operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, competition, risks associated with system development and operation risks, management of potential growth and risks of new business areas, and strategic alliances. -------------------------------------------------------------------------------- Contact: CyberShop.com Inc., Jersey City Investor Relations - Tel. 201/234-5000 investors@cybershop.com