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Technology Stocks : Booking Holdings (formerly Priceline) -- Ignore unavailable to you. Want to Upgrade?


To: Jane E. who wrote (1977)11/8/1999 1:23:00 PM
From: H James Morris  Read Replies (1) | Respond to of 2743
 
<<I had grocery shopping with priceline because it allowed me the ability to purchase items rather cheaply>.
Jane, how could a person that attended Colgate be so frugal? <vbg>



To: Jane E. who wrote (1977)11/8/1999 1:49:00 PM
From: H James Morris  Respond to of 2743
 
Jane, congrats. You are the 15,000th customer.
<<STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 8, 1999--Underscoring how consumers love a bargain, Priceline's WebHouse Club has attracted over 15,000 members in just its first week as they successfully named their own price for over 188,000 grocery items through the Internet at the priceline.com web site. Each member has saved on average $12 per store visit on a basket of more than 10 grocery items.

"Our best customers are saving $35 per store visit, in a shopping cart filled with 25 different grocery items, proving the more you buy, the more you save" said Jay S. Walker, founder of the Priceline WebHouse Club Inc. "The WebHouse Club represents the perfect synergy between clicks and mortar and bricks and mortar since our members go to their favorite local stores to pick up their groceries."

And what items are WebHouse Club members pricing most often? Not surprisingly, they are the same high value items that shoppers always fill their carts with. In order, the top five products are diapers, chicken, cola, steaks, and orange juice.

The WebHouse Club makes it possible for members to name their own price for groceries and then pick up those items at their favorite grocery stores. More than 650 grocery stores in New York, Connecticut and New Jersey are participating in the WebHouse Club. They include A&P, ShopRite, D'Agostino, Stop & Shop, King Kullen, Gristede's, Waldbaums, the Food Emporium, Food Town, Super Food Mart and Pathmark. Shoppers interested in becoming a member to the WebHouse Club may call toll-free 1-800-741-3163.

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 his/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 the toll-free number (1-800-741-3163), or through email (coupons@webhouse.priceline.com).

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.

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 the WebHouse 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.

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