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Technology Stocks : 2TheMart.com TMRT -- Ignore unavailable to you. Want to Upgrade?

To: neverenough who wrote (1)	1/20/1999 12:22:00 AM
From: neverenough	Read Replies (1) \| Respond to of 1494

January 19, 1999 12:51 2TheMart.com Inc. Completes Acquisition Of CD Rom Yearbook Inc. and is in Position for Direct Competition With eBay IRVINE, Calif.--(BUSINESS WIRE)--Jan. 19, 1999--2TheMart.com Inc. (the "company"), approved for trading on the NASD Electronic Bulletin Board (trading symbol "TMRT"), Tuesday announced that it has completed a merger with CD Rom Yearbook Inc. (formerly OTC BB: CDRH). As part of the acquisition of CDRH, the company changed its name from CDRH to 2TheMart.com, Inc., changed its trading symbol to "TMRT," appointed a new board of directors and relocated its headquarters to Irvine. The business strategy of 2TheMart.com will be the new focus of the company. 2TheMart.com has discontinued the previous business of CDRH. The management of 2TheMart.com includes a full team of operational, finance, marketing and technical personnel. 2TheMart.com's business strategy will be to launch its E-commerce and person to person trading community Auction Web site. The site, which is currently in final development, will provide a dynamic person to person auction environment, in direct competition to that established by eBay.com (Nasdaq:EBAY), and other online auctions such as those of Onsale Inc. (NASDAQ:ONSL); Excite Inc. (NASDAQ:XCIT); Ubid Inc. (NASDAQ:UBID); and Egghead Software (NASDAQ:EGGS), with enhanced features for the users of the site. The site, which is expected to be active by the second quarter 1999, is intended to be one of the largest and preeminent on-line auction sites on the Web. To achieve this result, the company has retained the services of leading Web design and architecture consultants to design and construct the unique 2TheMart.com site. The site will contain a variety of useful tools for its users, such as e-mail access, chat room, security for transaction processing, escrow options, user feedback, and the ability to have real time, live video auctions. The company is designing the site to provide a full community environment among its users. Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements. CONTACT: 2TheMart.com Inc., Irvine Dominic J. Magliarditi, 949/757-1630