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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis J. Harris who wrote (6003)	1/20/1999 7:50:00 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 8307

Business Wire 2THEMART.COM INC. FINALIZES $3.2 MILLION FUNDING IN PREPARATION FOR COMPETITION WITH EBAY AS AN INTERNET AUCTION SITE ---Anyone hear of this stock.TMRT Suppose to be in competition with EGGS, EBAY etc. Dorine IRVINE, Calif.--(BUSINESS WIRE)--Jan. 20, 1999--2TheMart.com Inc. (Nasdaq:TMRT) (the "company") Wednesday announced that it has received $1.7 million in cash and commitments for an additional $1.5 million from the sale of shares pursuant to a private placement. The funds will be utilized to fund 2TheMart.com's business plan, acquisitions, strategic alliances and working capital. 2TheMart.com's business strategy is to launch its E-commerce and person-to-person trading community Auction Website. 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.O) and other online auctions such as those of Onsale Inc. (Nasdaq:ONSL.O); Excite Inc. (Nasdaq:XCIT.O); Ubid Inc. (Nasdaq:UBID.O); and Egghead Software (Nasdaq:EGGS.O), 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 pre-eminent online 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. from any future results, performance, or achievements expressed or implied in such forward-looking statements. SOURCE: 2TheMart.com Inc. CONTACT: 2TheMart.com Inc., Irvine Dominic J. Magliarditi, 949/757-1630