To: Gator who wrote (67199 ) 4/9/1999 9:26:00 AM From: Nescom Respond to of 119973
SHOE 2 mil in float keep an eye on this guy. Came out with iVillage news yesterday. Also announced total sales increased 24.5% to $14.3 million for the first quarter ended April 3, 1999 plus they have new stores opening very profitable. Women buy shoes via catalogs so they will buy shoes via the Internet. I learned my lesson with PRFM it ran when people started to discover them. I think this stock is little known. It traded hard yesterday with big swings up and down. I think this one will go into accumulation phase now. Nescom out- Thursday April 8, 8:50 am Eastern Time Company Press Release Shoe Pavilion Announces Direct Link With iVillage.com RICHMOND, Calif.--(BUSINESS WIRE)--April 8, 1999--Shoe Pavilion, Inc. (Nasdaq:SHOE - news) today announced that it has entered into an agreement with iVillage Inc. (Nasdaq:IVIL - news), a leading online women's network, to provide a direct link for its online footwear store (www.shoepavilion.com), in the Clothing and Accessories section of the iVillage Shopping Channel. Shoe Pavilion, which sells an extensive selection of brand-name footwear at substantial savings, typically 30 to 70 percent below department store prices for the same shoes, will be featured in the ''daily deals, Mother's Day Gift Guide and periodically mentioned in the iVillage Shopping Channel Newsletter.'' ''We are very excited to be working with iVillage,'' said Dmitry Beinus, Chairman and Chief Executive Officer of Shoe Pavilion. ''We believe that having a link on the iVillage Shopping Channel will help grow our sales and extend the reach of Shoe Pavilion to provide our great brand name footwear values to members and visitors of iVillage.'' ''Shoe Pavilion will be a great addition to our growing list of commerce partners,'' said Nicole Stagg, Shopping Channel Producer. ''Our partnership with Shoe Pavilion will continue our goal in providing members with the best quality and name brand merchandise at affordable prices.'' Shoe Pavilion, Inc., founded in 1979, is the largest independent off-price footwear retailer on the West Coast that offers a broad selection of women and men's designer label and name brand merchandise. The Company offers quality designer and name brand footwear such as Esprit, Puma, Clarks, Dexter, Skechers, Dr. Marten, and Timberland, typically at 30% to 70% below department store regular prices for the same shoes. Currently, the Company has 70 stores open. ''Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause the Company's actual results to differ materially from management's current expectations. These factors include competitive pressures in the footwear industry, changes in the level of consumer spending on or preferences in footwear merchandise, the Company's ability to purchase attractive name brand merchandise at desirable discounts and the availability of desirable store locations and management's ability to negotiate acceptable lease terms and open new stores in a timely manner. Other risk factors are detailed in the Company's Securities and Exchange Commission findings.'' -------------------------------------------------------------------------------- Contact: Shoe Pavilion, Inc. Gary Schwartz, 510/970-9775