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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (27671)	3/25/1999 9:27:00 AM
From: ACAN	Read Replies (1) \| Respond to of 79326

Doug; CYSP- news on cybershop Home - Yahoo! - Help [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] Thursday March 25, 7:59 am Eastern Time Company Press Release SOURCE: CyberShop International, Inc. CyberShop(R) Refocuses Flagship Site; Company Targets Multi-Billion Dollar Off-Price and Outlet Store Market JERSEY CITY, N.J., March 25 /PRNewswire/ -- CyberShop International, Inc. (Nasdaq: CYSP - news), a leading online retailer, announced today that, after conducting extensive market research, it has decided to refocus its main website, cybershop.com, and to concentrate its merchandising offerings on the flourishing off-price and outlet store categories. The Company will offer designer and brand name product, in a variety of categories, at deep discounts of 20-80% off original prices every day. CyberShop will add the men's, women's and children's apparel categories to its assortment and will continue to offer a range of other merchandise including housewares, electronics, toys, luggage, home office, jewelry and watches. The Company will sell brand name, first-quality, end-of-season and excess merchandise from brands such as: August Silk, BCBG, Bisou Bisou, Braun, Calvin Klein, Carole Little, Cartier, Cusinart, Dansk, DeLonghi, DKNY, Dolce and Gabbana, Elizabeth, Fendi, Fila, Fubu, Jones NY, Krups, Laundry, Liz Claiborne, Movado, Polo Ralph Lauren, Pooh, Sharp, Tag Heuer, Versace, and XOXO. ''We firmly believe that by offering 'great deals on great brands', revenue growth potential will be greatly enhanced. This should result in greater value to the Company's shareholders,'' said Jeffrey Tauber, CyberShop Chairman and CEO. ''With more than 100 years of collective merchandising and retailing expertise and a focus on delivering outstanding product values everyday, CyberShop is ideally suited to be a major player in the on-line outlet store, off-price arena.'' According to the Discount Store News, off-price retailers such as TJX Co's T.J. Maxx and Marshalls units, Ross Stores, Stein Mart, Syms, and Loehmann's, sold $18.5 billion worth of goods in 1997. These types of stores are generally less than ideal for consumers because of their locations. In addition they frequently frustrate customers by forcing them to sift through bargain bins. CyberShop plans to solve all this by providing access to discounted products without the hassle. To support this new direction, CyberShop has acquired Deal-a-Day.com, a leading online discount apparel retailer offering daily deals on designer clothing. The Company will merge Deal-a-Day customer files and email lists into CyberShop's database of customers. Ed Mufson, former principal of Deal-a-Day.com, has been retained as VP, General Merchandise Manager, reporting to Tauber. ''Ed's 30 years of retail experience and his successful launching and running of an off-price apparel website will provide a tremendous push in the refocusing of our flagship site.'' The Company, taking the lead from online retailers such as Amazon and Etoys, and to facilitate shipping within 24-48 hours, will immediately be warehousing most items in a third party warehouse in Secaucus, NJ. CyberShop will continue to use its existing drop-ship model only for select items. The Company plans to drive consumers to the site by leveraging its existing strategic marketing agreements with key portals such as America Online, Excite, Microsoft's MSN Shopping, Yahoo!® Shopping, Amazon's ''Shop The Web'' and E*Trade's Shopping Center. Beginning April 1st, CyberShop will expand its relationship with Yahoo! Shopping and become a premier partner in the Apparel and Accessories area. The Company will continue to be prominently featured on the Yahoo! Shopping homepage, throughout various other areas of Yahoo! Shopping, and on related search results pages. In a related move, the Company has also decided to close its egift website and to consolidate its gift assortment into the CyberShop website. ''We felt that we had too many diverse businesses competing for capital and management attention,'' said Tauber. No write-offs will be necessary. Additionally, the Company today announced the appointment of Jeffrey Leist, its recently hired Chief Operating Officer, to the additional position of Chief Financial Officer. Leist, a veteran of Rupert Murdoch's News Corporation brings 25 years of financial and administrative experience in print, broadcast, film and the Internet. Most recently, Leist served as Chief Operating Officer and Chief Financial Officer of News America Digital Publishing composed principally of News Corp's commercial Internet sites, which previously was part of a joint venture with MCI. As CFO, Leist replaces Gary Finkel who has left the Company to pursue other interests. About CyberShop CyberShop, a leading online retailer, operates three online stores. CyberShop can be found on the World Wide Web at cybershop.com, on America Online in their Shopping channel or by using keyword 'cybershop', and in Yahoo! Shopping. electronics.net, CyberShop's joint venture with Tops Appliance City (Nasdaq: TOPS - news), can be found on the World Wide Web at electronics.net. Certain statements contained in this press release are, or may be considered to be, forward-looking statements that involve risks and uncertainties. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements. The forward-looking statements contained herein represent the Company's judgment as of the date hereof. The Company expressly disclaims any intent or obligation to update these forward-looking statements. SOURCE: CyberShop International, Inc. More Quotes and News: Cybershop International Inc (Nasdaq:CYSP - news) Tops Appliance City Inc (Nasdaq:TOPS - news) Related News Categories: computers, internet, retail Help Copyright © 1999 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Allan P

To: Doug R who wrote (27671)	3/25/1999 9:44:00 AM
From: wittder	Respond to of 79326

Doug, Some GFI news this morning, biz.yahoo.com Thursday March 25, 9:19 am Eastern Time Company Press Release SOURCE: Graham-Field Health Products, Inc. Graham-Field Announces New Leadership Team Turnaround Expert Named Chief Executive Officer BAYSHORE, N.Y., March 25 /PRNewswire/ -- The Board of Directors of Graham- Field Health Products, Inc. (NYSE: GFI - news) today announced the appointment of John G. McGregor as President and Chief Executive Officer. The Board also announced the appointment of J. Soren Reynertson as Vice President and Chief Financial Officer. Mr. McGregor is a principal and Mr. Reynertson is a senior associate with Jay Alix & Associates, internationally known experts in corporate turnarounds and financial restructurings. Simultaneously with these appointments, the Board elected Rupert O.H. Morley, the Operations Director of the Company's largest shareholder, Brierley Investments Limited, as its new Chairman. ''The actions that our Board has taken testify to the confidence that Brierley and the Fuqua Family have in Graham-Field. The Company has strong brands, dedicated employees and many well-regarded businesses,'' said Mr. Morley. ''The Jay Alix & Associates team, with its history of successfully turning around many underperforming and troubled companies, will provide our management team with the leadership necessary to meet the challenges that the Company faces. The Board is squarely behind our new management team and we are confident that they will help us develop the Company's many strengths for the benefit of all stakeholders.'' Mr. McGregor, who most recently served as interim CEO for Philip Services Corporation, is a seasoned veteran in turning-around and increasing shareholder value in underperforming companies. Mr. Reynertson has recently served as interim CFO at Cotton Ginny, a national chain of women's apparel stores in Canada. Mr. McGregor and Mr. Reynertson will immediately turn their attention to assisting the Company in finalizing its 1998 financial results and in preparing its year-end reports. The new Chief Executive Officer and Chief Financial Officer also will continue the Company's ongoing discussions with its lender banks. The Company also announced that Paul Bellamy has resigned his positions as President and Chief Executive Officer and a member of the Board of Directors of the Company, effective immediately. ''Paul Bellamy made major contributions to Graham-Field during his tenure with the Company. Paul's resignation is in no way related to the previously announced investigation of accounting irregularities that occurred prior to Paul's joining the Company, but was prompted by his disagreement over various management issues with the Board,'' said Mr. Morley. In addition, David P. Delaney, Jr., has stepped down as Chairman of the Board, but has agreed to continue to serve as a director. Graham-Field Health Products, Inc., headquartered in Bay Shore, New York, manufactures, markets and distributes medical, surgical and a wide range of other health care products into the home health care and medical/surgical markets. Any statement contained in this release that is not a historical fact, or that might otherwise be considered an opinion or projection concerning the Company or its business, whether express or implied, is meant as and should be considered a forward-looking statement as that term is defined in the Private Securities Litigation Reform Act of 1996. Such statements are subject to risk and uncertainty that exist in the operations of the Company, the outcome of the accounting investigation and the business environment that could render actual outcomes and results materially different from those predicted. The Company assumes no obligations to update or revise any such forward-looking statements. SOURCE: Graham-Field Health Products, Inc.

To: Doug R who wrote (27671)	3/25/1999 10:55:00 AM
From: Kim	Read Replies (1) \| Respond to of 79326

hi your response regarding YHOO confuses me a bit Are you saying that it will ultimately slide below the point at which it is now( after the comments effects wear off)? to the 130 support area? or were you just saying that is where the next support level is. If you have a chance could you please clarify for me I hold some for quite awhile as long term but I would hate to give back some of my profit. TIA kim