This is funny because I do not believe Ashford will have enough capital in have inventory in the fall of 2001. Amazon may have problems then too but Ashford is almost a certainty.
'Ashford.com Announces New Strategic Marketing Agreement With Amazon.com;Ashford Continues as Amazon Trusted Partner
HOUSTON and SEATTLE, Jan. 5 /PRNewswire/ -- Ashford.com (Nasdaq: ASFD), the leading Internet retailer of fine personal and home decor accessories, and Amazon.com (Nasdaq: AMZN), the world's leading online retailer, today announced a new strategic marketing alliance. Under the terms of the agreement, Ashford will offer Amazon.com's more than 25 million customers a wide selection of Ashford's premium personal and home decor accessories through December 31, 2001 through several marketing programs. Ashford will compensate Amazon.com on a cash basis for targeted outreach.
"By renewing our alliance with Ashford, we are making it easier for our customers to access the quality products and services Ashford offers, while helping them to find, discover and buy more of what they want online," said Mark Britto, senior vice president marketing and cross-site merchandising of Amazon.com. "We chose to continue working with Ashford, because they offer our customers an excellent online experience, outstanding value, and a great selection of fine personal and home decor accessories."
"We look forward to working with Amazon.com through 2001 and providing their customers with our great service and unparalleled selection of fine personal and home decor accessories," said Kenny Kurtzman, CEO of Ashford. "Our marketing efforts with Amazon.com have become increasingly efficient over the last year, and we believe they will continue to do so in the coming year as we meet our mutual goal of providing customers with the best shopping experience on the planet."
About Ashford.com
Ashford.com is the leading Internet retailer of luxury and premium products. The company's e-commerce site, located at ashford.com, offers a vast selection of more than 4,500 diamonds and more than 15,000 styles of new and vintage watches, jewelry, fragrances, leather accessories, ties, scarves, sunglasses, writing instruments, home and lifestyle products, and corporate gifts from more than 400 leading brands. Dedicated to creating an exceptional luxury shopping experience, Ashford.com provides complimentary overnight shipping and gift packaging, a 60-day money-back guarantee on all new watches and a 30-day money-back guarantee on all other merchandise. The company also offers the Ashford.com Protection Plus(SM) policy, which provides outstanding product warranties, customer privacy, and site security. Ashford.com is headquartered in Houston, Texas.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties that include, among others, Ashford.com's limited operating history, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risks of system interruption, management of potential growth, inventory risks, and risks of new business areas, business combinations, and strategic alliances. More information about factors that potentially could affect Ashford.com's financial results is included in Ashford.com's filings with the Securities and Exchange Commission, including its most recent Quarterly Report on Form 10-Q.
About Amazon.com, Inc.
Amazon.com (Amazon.com, Inc., and its subsidiaries) is the Internet's No. 1 retailer. Amazon.com opened its virtual doors on the World Wide Web in July 1995 and today offers Earth's Biggest Selection, along with online auctions and free electronic greeting cards. Amazon.com seeks to be the world's most customer-centric company, where customers can find and discover anything they might want to buy online. Amazon.com lists more than 28 million unique items in categories such as electronics, kitchen products, books, music, DVDs, videos, camera and photo items, toys, software, computer and video games, tools and hardware, lawn and patio items, and wireless products. Through Amazon.com zShops, any business or individual can sell virtually anything to Amazon.com's more than 25 million customers, and with Amazon.com Payments, sellers can accept credit card transactions, avoiding the hassles of offline payments.
Amazon.com operates four international Web sites: www.amazon.fr, www.amazon.co.uk, www.amazon.de and www.amazon.co.jp. It also operates the Internet Movie Database (www.imdb.com), the Web's comprehensive and authoritative source of information on more than 250,000 movies and entertainment titles and 1 million cast and crew members dating from the birth of film in 1891 to 2000.
Amazon Anywhere is the leader in mobile e-commerce, providing access from anywhere in the world to Amazon.com, Amazon.co.uk and Amazon.de on personal digital assistants (PDAs) and through handheld wireless Internet devices that use HDML or the Wireless Application Protocol.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve risks and uncertainties that include, among others, Amazon.com's limited operating history, anticipated losses, significant amount of indebtedness, unpredictability of future revenues, potential fluctuations in quarterly operating results, seasonality, consumer trends, competition, risk of distribution center expansion, risks related to fourth quarter performance, risks of system interruption, management of potential growth, inventory risks, risks related to auction and zShops services, risks related to fraud and Amazon.com Payments, and risks of new business areas, international expansion, business combinations, strategic alliances and the Amazon Commerce Network. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and 10-K/A for the year ended December 31, 1999, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2000, June 30, 2000, and Sept. 30, 2000.
Ashford, Ashford.com and Ashford.com Protection Plus are trademarks of Ashford.com. All other marks are the property of their respective owners.
SOURCE Ashford.com and Amazon.com, Inc.
CO: Ashford.com; Amazon.com, Inc.
ST: Texas, Washington
IN: REA MLM
SU: LIC JVN
01/05/2001 07:00 EST prnewswire.com
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