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To: FFNEODOC who wrote (738)	5/18/1999 5:16:00 PM
From: Bob Livesey	Read Replies (1) \| Respond to of 972

Look like that expansion into the great northwest has been foiled by one of the biggies... Amazon.Com Buys Stake In Homegrocer.Com SEATTLE (Reuters) - Online retailer Amazon.com Inc. moved ahead in its expansion strategy Tuesday, saying it had taken a 35 percent stake in Internet grocery shopping service Homegrocer.com for $42.5 million. Amazon.com said in a statement that as a result of the investment, David Risher, its senior vice president for product development, would serve on the HomeGrocer.com board. ''The HomeGrocer.com team is literally changing the lives of customers by taking the drudgery out of grocery shopping,'' said Jeff Bezos, founder and chief executive of Amazon.com. Amazon.com has expanded aggressively from its base as an online bookseller. It has taken stakes in such businesses as selling pet supplies and drugs on the Web and has launched an online auction. The company warned last month of widening losses in coming months as Amazon.com stuck to its policy of investment and expansion into new businesses. Amazon.com's investment will let Homegrocer.com, which serves customers in the Seattle and Portland, Ore., areas, speed up its national expansion. The company did not detail plans for expansion. Bellevue, Wash.-based HomeGrocer.com (www.homegrocer.com) was established in March 1998. It delivers groceries directly to customers' homes.