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To: David Spruiell who wrote (8344)	12/29/1997 8:26:00 AM
From: Glenn D. Rudolph	Respond to of 11057

ONSALE Liquidates a $1 Million Lot of High-End Disk Drives; Online Liquidation of Micropolis assets Provides ONSALE Customers with Access to Thousands of High Quality Hard Disk Drives Business Wire - December 29, 1997 08:15 %ONSALE ONSL %CALIFORNIA %COMPUTERS %ELECTRONICS %COMED %INTERACTIVE %MULTIMEDIA %INTERNET %TELECOMMUNICATIONS V%BW P%BW MENLO PARK, Calif.--(BUSINESS WIRE)--Dec. 29, 1997--ONSALE Inc. (NASDAQ: ONSL), a pioneer and leader in interactive online auctions, today reported selling more than $1 million worth of disk drives in just under one month through its unique online auction capabilities. Micropolis, a major manufacturer of high quality disk drives, recently announced bankruptcy due to pricing pressures from other manufacturers. ONSALE is one of the primary distributors for the inventory, which includes thousands of disk drives. ONSALE began auctioning the items on Nov. 25 on its Web site located at www.onsale.com. The disk drives are first quality, prime production units originally intended for heavy-duty applications in industrial file servers. The inventory comes with a full one-year warranty provided by a Silicon Valley disk service firm. "ONSALE's auction format is the perfect vehicle for the complete and efficient liquidation of assets," said Jerry Kaplan, chief executive officer of ONSALE. "The frequency of ONSALE auctions and the ability to reach a geographically broad group allows ONSALE to quickly and easily sell excess inventory at the best possible prices. These liquidations also benefit our core customers -- small businesses and individuals who are looking for high quality merchandise at the lowest available price." About ONSALE ONSALE is the leading electronic retailer pioneering an efficient and entertaining new distribution channel -- the interactive online auction. The company currently specializes in selling excess merchandise, such as refurbished and close-out products, over the Internet's World Wide Web. More than 325,000 visitors have placed bids since the launch of the service in May 1995. ONSALE operates daily auctions Monday through Friday, and posts tens of thousands of items in a typical week. The company leverages the interactivity and sense of community possible on the Internet to create an effective new sales medium that generates a high level of customer loyalty and enthusiasm. ONSALE's Web site is located at www.onsale.com. Note to Editors: ONSALE(R) is a registered trademark of ONSALE, Inc. CONTACT: ONSALE, Inc. Stefanie Elkins, 650/470-2448 selkins@onsale.com or Connors Communications Pamela Coddington, 415/217-7500 pamela@connors.com www.onsale.com