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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (1190)	7/9/1998 10:30:00 PM
From: Irene Lynn	Read Replies (1) \| Respond to of 4903

-------------------------------------------------------------------------------- Thursday July 9, 4:02 pm Eastern Time Company Press Release ONSALE Hits Milestone With Sixth-Millionth Bid MENLO PARK, Calif.--(BUSINESS WIRE)--July 9, 1998--ONSALE(R) Inc. (Nasdaq:ONSL - news), a leading electronic retailer in interactive online auctions for businesses and consumers, today reported that more than six million bids have been placed on its site at www.onsale.com since its launch in May 1995. The landmark bid was placed by a business buyer for computer products. More than half of ONSALE's revenues come from customers who are purchasing for business-use. Mark Silberstein of Interactive Computers placed the six-millionth bid. Since becoming an ONSALE customer in May 1997, Silberstein has made multiple purchases with ONSALE. ''ONSALE has become an important supplier for our business, and we have spent thousands of dollars at ONSALE on PCs and computer products,'' said Silberstein. ''Ever since a friend told me about ONSALE, I check out the site regularly for bargains on name brand equipment.'' ''We have a strong base of business buyers,'' said Jerry Kaplan, ONSALE's president and CEO. ''We are finding that the company's auction format is an efficient and viable sales channel for many organizations to buy their computer products, including an expanding range of high-end goods such as servers, large monitors and networking equipment.'' About ONSALE ONSALE (Nasdaq: ONSL - news) is a leading electronic retailer pioneering an efficient and entertaining new distribution channel - the interactive online auction. The company specializes in selling excess merchandise and services - such as personal computers, consumer electronics, housewares, sports and fitness equipment, vacation and travel packages, and specialty foods -- over the Internet. ONSALE is located on the World Wide Web at www.onsale.com. ONSALE is a registered trademark of ONSALE, Inc. All other companies and brand names mentioned are trademarks or registered trademarks of their respective holders. The statements in this press release relating to matters that are not historical are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those anticipated, including but not limited to, rapid technological changes in the industry; increased competition; and timely introduction and customer acceptance of the company's products. These risks and uncertainties are described in reports and other documents filed by ONSALE with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: ONSALE, Inc. Stefanie Elkins, 650/470-2448 selkins@onsale.com or Brian K. Fawkes, 650/470-2713 bfawkes@onsale.com -------------------------------------------------------------------------------- More Quotes and News: ONSALE Inc (Nasdaq:ONSL - news) Related News Categories: computers, internet, retail -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?