To: Tim Luke who wrote (5420 ) 1/5/1999 9:01:00 PM From: timroy Respond to of 90042
Tuesday January 5, 5:28 pm Eastern Time Company Press Release Shop At Home Network December Shipments Up 58% NASHVILLE, Tenn.--(BUSINESS WIRE)--Jan. 5, 1999--Shop At Home, Inc. (Nasdaq:SATH - news), an electronic specialty retailer providing television and Internet shopping, today announced that its December 1998 shipments, before returns, were up 58% over December 1997 levels. The Network shipped $19.3 million in merchandise for the month ending December 31, 1998 compared to $12.2 million shipped in December 1997. The Company also reported that its Internet sales were up 134% from December 1997 sales. ''Our record holiday season is a testament to the hard work and dedication of every Shop At Home employee,'' said Shop At Home President and CEO Kent Lillie. ''During the past year we significantly increased our household reach, moved into new facilities and upgraded our entire operations from the quality of our on-air presentations to our customer service.'' Shop At Home is the country's third largest, second oldest and fastest growing home shopping network and 19th largest broadcaster. The Company reaches over 60 million full and part-time cable households for a portion of each day through its network of over 200 affiliated television and cable systems and its owned and operated stations. The Company provides online shopping at www.shopathomeonline.com. ''Safe Harbor'' Statement Under the Private Securities Litigation Reform Act of 1995 - This release contains forward-looking statements within the meaning of Section 27A of Securities act of 1933 and Section 21E of the Securities Exchange Act of 1934, including the statement regarding the expectation of continued revenue and earnings growth. Actual results may differ materially from those identified for a number of reasons as are discussed from time to time in Shop At Home's SEC reports, including but not limited to the report on Form 10-K for the year ended June 30, 1998 (Business and Management's Discussion and Analysis of Financial Condition and Results of Operations). Contact: