To: Anthony@Pacific who wrote (16780 ) 3/4/1999 7:35:00 AM From: Dante Sinferno Read Replies (3) | Respond to of 122087
Bluefly news.... NEW YORK--(BUSINESS WIRE)--March 4, 1999-- Deal Includes Prominent Sponsorship Positioning on Excite Network Bluefly, Inc. (NASDAQ SmallCap:BFLY), a leading Internet retailer of designer fashions at outlet store prices (www.bluefly.com), announced today that it has signed a comprehensive marketing agreement with Excite, Inc., a global Internet media company. Under the terms of the agreement, Bluefly's online store will be integrated throughout Excite.com, WebCrawler.com, and the Excite co-branded channels of Netscape's Netcenter sites through a combination of commerce, advertising and promotional programs. For the past several months, Bluefly placed text and graphical links in the Clothes & Beauty area of Excite's shopping channel. The successful generation of traffic to the Bluefly site from those links led to this agreement which considerably expands Bluefly's presence throughout the Excite network. Under the new agreement, Bluefly will receive prominent sponsorship positioning in the Clothes & Beauty area and the Department Stores & Malls area of Excite.com, WebCrawler.com and the Excite co-branded Netscape's Netcenter. In addition, Bluefly will be featured throughout the Excite Network in a variety of promotional and advertising placements. "This deal is a significant step forward for Bluefly," said Ken Seiff, chief executive officer of Bluefly, Inc. "By giving us access to the more than 16 million unique monthly users of Excite and WebCrawler as well as the millions of unique users from the Excite co-branded channels on Netscape's Netcenter, this agreement, which extends beyond the 1999 holiday season, should not only help establish our brand but also grow our sales," Seiff added. "In a relatively short amount of time, Bluefly has established itself as one of the best places to buy designer and name brand apparel at significant discounts to retail prices," said Joe Kraus, senior vice president and co-founder of Excite. "Having Bluefly's name brand merchandise offered to our consumers extends selection in our shopping services, as well as offers further proof that the retail community sees the reach of a portal as important to building business. Bluefly has made online outlet store shopping fun and easy, and we are thrilled to be working with them," Kraus added. The deal with Excite comes on the heels of Bluefly's agreement with GO Network, which was announced on February 24, 1999. In addition to its marketing efforts with many of the major portal companies, Bluefly is also planning to implement an affiliate program with key Web sites as well as a national print and radio advertising campaign which may begin as early as the second quarter of 1999. Bluefly, Inc. is a NASDAQ SmallCap public company. Headquartered in New York City, in the heart of the fashion district, Bluefly.com aims to be the most enjoyable way to shop for designer and name brand apparel and accessories at savings up to 75 percent off of retail prices. Its innovative MyCatalog feature is designed to eliminate the "hit-or-miss" aspect of off-price shopping by allowing shoppers to see only those products which are available for sale and match their interests. The online merchant offers a meaningful alternative for consumers looking for service and convenience in an outlet store environment. This press release may include statements that constitute "forward-looking" statements, usually containing the words "believe", "project", "expect", or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. The risks and uncertainties are detailed from time to time in reports filed by the company with the Securities and Exchange Commission, including Forms 8-A, 8-K, 10-QSB, and 10-KSB. These risks and uncertainties include, but are not limited to the following: the competitive nature of the business and the potential for competitors with greater resources to enter such business; consumer acceptance of the Internet as a medium for purchasing apparel; recent losses and anticipated future losses; the startup nature of the Internet business; the capital intensive nature of such business (taking into account the need for advertising to promote such business); the Company's limited working capital and need for additional financing; risk of litigation for sale of unauthentic or damaged goods; the successful hiring and retaining of personnel; the dependence on third parties and certain relationships for certain services; the dependence on continued growth of online commerce; rapid technological change; year 2000 issues; online commerce security risks; governmental regulation and legal uncertainties; management of potential growth; and unexpected changes in fashion trends. Rob