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Technology Stocks : Streamline.com, Inc. (SLNE) -- Ignore unavailable to you. Want to Upgrade?

To: Smartypts who wrote (54)	12/28/1999 12:34:00 PM
From: Captain James T. Kirk	Respond to of 56

Outstanding ! Under 9 !! Time to load up. STOH technicals should be screaming after today.

To: Smartypts who wrote (54)	1/7/2000 8:06:00 AM
From: Captain James T. Kirk	Respond to of 56

Streamline.com Completes Acquisition of Scotty's Home Market Business Wire - January 07, 2000 07:17 WESTWOOD, Mass.--(BUSINESS WIRE)--Jan. 7, 2000-- Company to Begin Serving Customers in the Chicago Market Streamline.com, Inc. (NASDAQ: SLNE) today announced that it has completed its acquisition of Scotty's Home Market, a privately held Chicago-based Internet retailer of grocery store products and a pioneer in the consumer direct industry. With the completion of this acquisition the company now has operations in three of the seven largest U.S. metropolitan markets - Boston, Washington D.C., and Chicago, and will begin serving customers in Northern New Jersey in the second quarter of this year. Under the terms of the agreement, Streamline.com issued 3.7 million shares of common stock, plus warrants and options for an additional 600,000 shares of common stock, in exchange for all of the outstanding capital stock, options and warrants of Scotty's Home Market. The total shares issued represents an exchange ratio of approximately 0.4 shares of Streamline.com common stock for each share of Scotty's Home Market common stock. Scott DeGraeve, founder of Scotty's, will lead Streamline.com's efforts in Chicago as the Vice President and General Manager of the Chicago market and Chris Sang, Chief Operating Officer of Scotty's Home Market, will join Streamline.com's Board of Directors. "The acquisition of Scotty's allows us to establish a presence in one of the largest U.S. markets for our service," said Timothy A. DeMello, founder and Chief Executive Officer of Streamline.com. "We are very excited to have completed this acquisition and look forward to serving customers in the Chicago area with our new, 93,000 square foot, state-of-the-art fulfillment center. We can now accelerate our efforts in what we believe will be one of the most important aspects of e-commerce: `controlling the last mile to the customer's home.'" "We are delighted to be part of Streamline.com in building a national presence. We anticipate that our Chicago customers will soon enjoy a more extensive selection of products and services delivered to their home," Scott DeGraeve said. "To be a leader in the consumer direct marketplace, we must have an efficient network of local delivery systems centered around customer service and propelled by technology that makes our customers' lives easier. In Streamline.com, we have a partner who shares our vision for the future and has the ability to be a major player in this space." About Streamline.com Founded in 1993, Streamline.com is a pioneer in the consumer direct market place operating in the Boston and Washington D.C. markets. The company provides busy suburban families with time-saving lifestyle solutions through Internet-based ordering of groceries and a wide range of other quality goods and services. The company delivers these items directly to customers' homes using a full-size refrigerator/freezer shelving unit and a keypad garage entry system. The company also provides targeted research and marketing services to many consumer goods companies nationwide. Streamline.com can be found on the World Wide Web at www.streamline.com. Note: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, including, without limitation, those associated with our limited operating history and history of losses, inexperience in implementing our expansion strategy, need to raise additional capital, reliance on the growth of e-commerce and the infrastructure of the Internet, increased competition, and dependence on customer acceptance of direct, unattended delivery of goods and services. Additional information concerning these and certain other risks and uncertainties that could cause actual results to differ materially from those projected or suggested, is contained in the Company's public filings with the Securities and Exchange Commission (SEC), copies of which are available from the SEC's website at sec.gov or from the Company upon request. The forward-looking statements contained herein represent the Company's judgment as of the date of this release, and the Company cautions readers not to place undue reliance on such statements. CONTACT: Streamline.com, Inc. Donna Gadomski 781/407-1924 dgadomski@streamline.com www.streamline.com or Gavin Anderson & Company Howard S. Anger 212/515-1900 hanger@gavinanderson.com