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To: James Fulop who wrote (75676)5/19/1999 11:19:00 AM
From: flyboy  Read Replies (3) | Respond to of 119973
 
CURT...internet NEWS!...Wednesday May 19, 10:47 am Eastern Time
Company Press Release
Curtis International Ltd. Announces Entrance Into Internet
ETOBICOKE, ONTARIO--(BUSINESS WIRE)--May 19, 1999--CURTIS (NASDAQ: CURT - news) announced today that they have taken their first step in route to becoming a leading seller of consumer electronics on the internet. Curtis' new e-commerce site, buyrefurb.net, will offer high quality brand name reconditioned consumer electronics at an exceptional value.

The site will open by July 1, 1999.

Curtis' CEO Aaron Herzog said, ''We are very excited to make our first entry into the e-commerce arena. The electronics re-furbish market is estimated at over $1 billion dollars annually in revenue and we expect to gain a significant stronghold in it. In addition we are continually exploring various ways and alliances to use the internet in growing our business and adding to our recently reported record sales and earnings.''

Curtis develops, markets and distributes a broad range of consumer audio and telecommunication products. Its recent entry into the U.S. market has been highly successful. The Company's customers include mass merchandisers such as Ames, Bradlees, Dollar General and Bi-Way Stores; drug store chains such as Rite-Aid, London Drugs, Thrifty Payless, Jean Coutu and Kerr Drugs; specialty marketers such as QVC, The Home Shopping Network and Amway; consumer electronic retailers such as Future Shop, Fry's and ABC Warehouse; and appliance and department stores such as Boscov and Fedco.

Disclaimer: This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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