Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Oliver & Co who wrote (3827)	3/8/1999 1:25:00 PM
From: Jim Duffett	Read Replies (1) \| Respond to of 4903

I beg to differ. The bid was placed on Saturday December 12, 1998. I know, becuase I made 5 or 6 bids at around 8am EST that day trying to be the 9 millionth bidder. The press release came the next Wednesday: Wednesday December 16, 10:53 am Eastern Time Company Press Release ONSALE Logs Nine-Millionth Bid MENLO PARK, Calif.--(BUSINESS WIRE)--Dec. 16, 1998--ONSALE® Inc. (Nasdaq:ONSL - news), a leading Internet real-time retailer, today reported that more than nine million bids have been placed on its Web site at www.onsale.com. The nine-millionth bid was placed on Dec. 12 at 6:51 a.m. (PST), and comes less than two months after reaching the eight-millionth bid. Charles Cook, a long-time customer from Clintonville, W.Va., placed the landmark bid for a memory card. ''I've been a customer of ONSALE for more than two years,'' said Cook. ''In that time, I've purchased many items from ONSALE including a fax machine, computer memory, a printer/scanner, and a laptop case. I keep coming back because I can always find a great deal.'' ''ONSALE has a loyal and active customer base,'' said Jerry Kaplan, ONSALE's president and CEO. ''Mr. Cook registered with ONSALE in October 1996, and subsequently has made more than 20 purchases with us. Retaining a high repeat buyer rate while growing our customer base each quarter illustrates the viability of ONSALE's distribution channel and our commitment to providing great deals and exceptional service.'' For the quarter ended Sept. 30, 1998, more than 822,000 people had registered to bid, a 23 percent increase over the previous quarter. Repeat customers accounted for 77 percent of the orders. About ONSALE ONSALE (Nasdaq:ONSL - news) is a leading Internet real-time retailer pioneering an efficient and entertaining new distribution channel -- the interactive online auction. The company specializes in selling value-oriented merchandise and services, including personal computers, consumer electronics, housewares, sports and fitness equipment, vacation and travel packages, and specialty foods over the Internet. ONSALE is located on the World Wide Web at www.onsale.com. Note to Editors: ONSALE is a registered trademark and Auction Supersite is a trademark of ONSALE, Inc. All other companies and 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 uncertainties are described in more detail in the company's 1997 Annual Report on Form 10-K under ''Risk Factors.'' Contact: ONSALE, Inc. Stefanie Elkins, 650/470-2448 selkins@onsale.com Brian K. Fawkes, 650/470-2713 bfawkes@onsale.com