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

To: Jim Duffett who wrote (3618)	2/2/1999 2:51:00 PM
From: Anaxagoras	Read Replies (2) \| Respond to of 4903

To all: Hey, wake up! ~~~~~~~~~~~~~~~~~~~~~ More Than One Million People Registered At www.onsale.com MENLO PARK, Calif.--(BUSINESS WIRE)--Feb. 2, 1999--Onsale(R) Inc. (Nasdaq: ONSL), a leading Internet real-time retailer, today reported that more than one million people have registered to bid or buy on its web site at www.onsale.com. Onsale recently expanded its services to offer a broad range of new computer products with Onsale atCost(TM), complementing its original offering of excess goods with Onsale atAuction(TM). Onsale atCost lets customers purchase new computer products at today's wholesale prices plus a "transaction fee," rather than the common retail markup. Onsale atAuction gives customers the opportunity to bid at auction on a range of excess and closeout computer products, consumer electronics, sporting goods and vacation packages. "Exceeding one million registrants demonstrates Onsale's appeal to consumer and business shoppers," said Jerry Kaplan, Onsale's president and CEO. "Hundreds of thousands of people come to our site regularly to check out the great deals and low prices we offer on new and excess merchandise everyday." Onsale's customer base has been growing by 18 percent or more each quarter. Repeat customers currently account for 77 percent of all purchases. Onsale's average customer spends $750 over a twelve month period, while the top 10 percent spend over $4,000 a year, and the top 1 percent spend over $15,000. Onsale's site attracted 139,000 unique visitors a day during the fourth quarter and served more than 1,200,000 page views per day. About Onsale Onsale (Nasdaq: ONSL) is the leading Internet real-time retailer providing low prices and personalized service through automation. Onsale atCost offers computer equipment at today's actual wholesale prices directly to businesses and consumers. Onsale atAuction offers bargains on excess merchandise and services through online auctions, such as personal computers, consumer electronics, sports and fitness equipment, and vacation packages. Onsale atCost and Onsale atAuction are located on the World Wide Web at www.Onsale.com. Note to Editors: (c)1999 Onsale, Inc. All Rights Reserved. Onsale is a registered trademark and Onsale atAuction and Onsale atCost are trademarks of Onsale, Inc. All other companies and their brand names mentioned are trademarks or registered trademarks of their respective holders. This press release contains forward-looking statements regarding the company and its expectations which involve certain risks and uncertainties. These risks and other uncertainties are described in more detail in the company's most recent quarterly report on Form 10-Q and annual report on Form 10-K under "Risk Factors." CONTACT: ONSALE, Inc. Stefanie Elkins, 650/470-2448 selkins@onsale.com or Brian K. Fawkes, 650/470-2713 fawkes@onsale.com