Monday October 30, 8:15 am Eastern Time
Press Release
SOURCE: buy.com
eBay's Half.com Teams with buy.com Creating Internet Movie & CD
Powerhouse
Strategic Alliance Gives Consumers Broadest Integrated Selection of New and Used Products
PLYMOUTH MEETING, Pa. and ALISO VIEJO, Calif., Oct. 30 /PRNewswire/ -- Half.com, an eBay company (Nasdaq: EBAY - news), and buy.com
(Nasdaq: BUYX - news), today announced a strategic alliance whereby every CD, DVD, and VHS listing from Half.com will be available for sale on the buy.com
site through the first-ever co-branded ``Entertainment Marketplace.'' Additionally, buy.com consumers will be able to sell CDs, DVDs, and movies they no longer
use through this Marketplace. Half.com will also promote buy.com as a featured seller of new products throughout its site. The co-branded marketplace is expected
to launch in Q1 of 2001.
This alliance creates the Internet's broadest integrated selection of CDs, DVDs, and videos, offering buy.com customers the choice to buy new, buy used, or sell
their CDs & movies online. This partnership combines two of the top ten shopping sites on the Internet, according to PCData Online, September 2000.
``This agreement is significant for both companies because it represents a way for us to use the power of our virtual operating models and offer our customers a wide
variety of top brands at great prices. Offering consumers more options to choose from the largest selection on the Internet with tremendous value is at the core of
what we deliver to our customers day-in-and-day-out,'' said Greg Hawkins, Chairman and CEO of buy.com.
``Half.com provides consumers a place to buy used items for a fixed price in an easy-to-use storefront environment. The simplicity of our buying experience has
made Half.com one of the fastest growing sites on the Internet, and has consequently brought tremendous success to our sellers,'' said Joshua Kopelman, president
and founder of Half.com. ``This alliance opens up a new channel of millions of prospective buyers for both companies.''
The used Marketplace will be featured in the buy.com partner center, with Half.com's selection of used CDs, DVDs and movies from its thousands of sellers
integrated into buy.com's product information pages. The items from Half.com are purchased using a credit card and are backed by a buyer protection guarantee.
buy.com consumers will also have the ability to list items for sale with as few as 15 keystrokes, with items appearing on both Half.com and buy.com's sites.
About buy.com
buy.com, the Internet Superstore(TM) and low price leader, offers its nearly 3 million customers 950,000 SKUs in a broad range of categories including computer
hardware and software, electronics, books, golf, sporting goods, a small business superstore and more. Individuals and businesses can shop at buy.com 24 hours a
day, seven days a week. buy.com, the recipient of a four-and-a-half star rating from BizRate.com, was named ``Best of the Web'' in the computer and electronics
category by Forbes Magazine for two consecutive years and #1 on the Gomez Advisors Internet Computer Scorecard for the third time (Summer 2000). buy.com,
founded in June 1997, is located in Aliso Viejo, California and has expanded Internationally into Canada, the United Kingdom and Australia. For more information
visit www.buy.com .
About Half.com
Half.com, an eBay company, is the largest fixed price person-to-person marketplace on the Internet, where people can easily buy and sell new and previously
owned products at fixed prices, combining the bargains of an auction with the ease of a retailer. Founded in July 1999, the company's expanding marketplace
currently includes books, CDs, movies and video games, and the site is quickly becoming a premier e-commerce destination. Half.com's phenomenal growth and
complementary business model drew the attention of eBay, the world's largest personal online trading community, which acquired Half.com in July 2000. Half.com
can be reached by telephone at 1-888-TRY-HALF, or on the Half.com Web site at half.com .
Half.com is a trademark of Half.com Inc. Visit half.com for all details. buy.com is a trademark of buy.com Inc. Visit buy.com for all details.
All other product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995
This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, technical risks associated with launching a new
product or service offering through a third party, launching and building consumer awareness for a new offering and selling used goods through our site. Additional
important factors, which could cause actual operating results to differ materially from those in the forward-looking statements, are detailed in filings with the Securities
and Exchange Commission made from time to time by buy.com, including its Registration Statement on form S-1, as amended, filed with the Securities and Exchange
Commission on October 27, 1999, and its final prospectus related to its initial public offering filed with the Securities and Exchange Commission on February 7,
2000 and its quarterly reports on form 10-Q filed from time to time. buy.com undertakes no obligations to release publicly any revisions to any forward-looking
statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
SOURCE: buy.com |
