Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Peapod (PPOD) -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (1036)	11/5/1999 11:42:00 AM
From: StockDung	Respond to of 1170

Grocery Shoppers Always Get Lowest Prices Through Priceline.com's WebHouse Club STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 3, 1999--There's nothing consumers like more than a guarantee of getting the lowest possible prices when they shop. And that's exactly what the Priceline.com WebHouse Club delivers - the lowest possible prices, every time, for groceries in over 140 different categories. The name-your-own-price WebHouse Club grocery service is available now in the New York metro area and can be accessed through www.priceline.com. The WebHouse Club makes it possible for members to name their own price for groceries and then get those prices at their favorite supermarket. More than 650 grocery stores around New York, Connecticut and New Jersey are participating in the WebHouse Club, including A&P, Pathmark, Stop & Shop, King Kullen, ShopRite, Gristede's, D'Agostino, Waldbaum's, the Food Emporium, Food Town and Super Food Mart. In addition to allowing members to name their own price for groceries, the WebHouse Club also carries a lowest price guarantee. If a member names a price for an item and her favorite store is offering that item for less, the WebHouse Club will honor the lower price by crediting the difference to the member's WebHouse Club account. The credited amount can then be used toward a future WebHouse Club purchase. To obtain the credit, members simply notify the WebHouse Club by calling toll-free 1-800-741-3163, or through email (coupons@webhouse.priceline.com). "Months ago, when we began building the WebHouse Club, we wanted to ensure that we protected the consumer, so one of the first features we designed was a program that would guarantee that shoppers receive the lowest price," said Jon Otto, Chief Executive Officer of the WebHouse Club. The WebHouse Club typically allows consumers to name prices that are lower than those available in any grocery store or supermarket, well below even sale and warehouse club prices. WebHouse Club members are able to name their prices in more than 140 leading grocery categories, including beef, chicken, soda, cereal, diapers, detergent, paper products and more. If a participating store is running a special with a lower price than the price named by the WebHouse Club shopper, then the customer will always receive the lower price. The WebHouse Club is a privately held licensee of priceline.com (Nasdaq: PCLN). Customers access the service by going to priceline.com's Web site on the Internet (www.priceline.com) and selecting the WebHouse Club from the various name-your-price services available to them (leisure airline tickets, hotel rooms, home mortgage and new cars). Priceline.com has licensed its patented business system, brand and certain technology to theWebHouse Club. In return, priceline.com has received warrants to purchase a majority equity stake in the WebHouse Club under certain contingent conditions. Prior to the exercise of this warrant, the results of the House Club will not be included in priceline.com's future financial statements. CONTACT: For press information, contact: WebHouse Club, Stamford Kevin Goldman 203/905-6204 kevin.goldman@walkerdigital.com or Connors Communications, New York Aaron Taylor 212/807-7500 aaron@connors.com KEYWORD: CONNECTICUT BW1576 NOV 03,1999 12:57 PACIFIC 15:57 EASTERN