To: starpopper who wrote (1999 ) 11/16/1999 4:15:00 PM From: otter Respond to of 2743
Up 8 13/16 - and this is why: bigcharts.com Thus proving that people will use the Internet even for groceries...... The text of the article follows: **************************************** Philadelphia grocers to join Priceline WebHouse TUESDAY, NOVEMBER 16, 1999 2:38 PM - Reuters STAMFORD, Conn., Nov 16 (Reuters) - Priceline WebHouse Club said on Tuesday it is expanding online groceries service into the Philadelphia area, including southern New Jersey, in a move expanding its coverage area by some 3 million consumers. Privately-held WebHouse licenses Priceline.com Inc.'s (NASDAQ:PCLN) model for allowing consumers to declare on the Internet the prices they want to pay for goods, in this case, groceries, which shoppers pick up if their bids are taken. Shoppers can access the expanded WebHouse service starting on Friday, Nov. 19th at priceline.com -- which is also Priceline.Com's home page. A Priceline.com Inc. spokesman said the company has no equity in Priceline WebHouse, although, under an existing agreement, Priceline.com can, at some point, take a majority stake in WebHouse, given certain undisclosed conditions. Both companies are based in Stamford, Conn. Like other licensees, WebHouse pays licensing fees to Priceline. Priceline WebHouse Club allows shoppers to go online to priceline.com on the Internet to offer a price for more than 140 product categories of groceries. If a grocery store accepts the offer, the shopper can go to the store and pick up those items. WebHouse, which launched Nov. 1 in the New York metropolitan area, said more than 1,000 stores now participate in its grocery service. ((-- Franklin Paul, New York Newsdesk, 212-859-1893))