KING OF PRUSSIA, Pa., May 25, 2006 – GSI Commerce Inc. (Nasdaq: GSIC) today announced that Andrea M. Weiss and Michael J. Donahue have been nominated to the company’s board of directors. Each will stand for election for a one-year term at the company’s annual meeting on June 30.
Weiss is president and chief executive officer of Retail Consulting Inc., an international retail consulting company she has owned and operated since August 2002. Weiss has more than 25 years of experience working in executive and senior management retail positions. Donahue, one of the founders of KPMG Consulting, completed more than 20 years as an executive with BearingPoint Inc. and KPMG LLP.
“Andrea and Michael are welcome additions to our board. Andrea brings extensive experience from the retailing arena and Michael contributes two decades of providing management and operations solutions to public companies,” said Michael G. Rubin, chairman and CEO of GSI Commerce. “We look forward to meaningful contributions from both.”
In addition to her company, Weiss, 50, served as president of dELiA*s Corp., a direct marketing and retail company comprised of lifestyle brands for teenage girls from April 2001 to Aug. 2002. From May 1998 to February 2001, Weiss was the executive vice president and chief stores officer of The Limited Inc., where she was responsible for developing and directing the sales strategy for more than 5,000 retail stores.
Weiss also served as the president of Guess? Inc., from Feb. 1996 to April 1998, where she oversaw the retail division. From May 1992 to Feb. 1996 she was the senior vice president and director of stores for Ann Taylor Stores Inc. She also served as the director of merchandise operations for The Walt Disney Company from April 1990 to May 1992.
Weiss serves on the boards of CBRL Group Inc. and e-Diets.com Inc. Weiss holds a bachelor of fine arts degree from Virginia Commonwealth University and a master of administrative science degree from The Johns Hopkins University.
Donahue, 47, currently serves as a self-employed advisor in the technology industry. Previously, he spent a 20-year career with BearingPoint, KPMG Consulting and KPMG LLP. He was one of the founding members of KPMG Consulting and helped build that company from a private consulting business to a global, public corporation with $3.4 billion in revenue.
Donahue served as group vice president and chief operating officer for BearingPoint, formerly KPMG Consulting, from Jan. 2000 to March 2005, where he directed the company’s global functions including consulting operations, alliances, business development, infrastructure, international solutions and technology. He also managed the process for the company’s initial public offering in Feb. 2001 which raised more than $2.3 billion in proceeds.
From Oct. 1984 to Jan. 2000, Donahue was a partner for KPMG LLP in New York City where he operated a business unit that represented 40 percent of the company’s consulting revenue. He served on the board of directors of KPMG LLP from 1998 to 2001. Donahue also serves on the boards of Air Products and Chemicals Inc. and Arbinet-thexchange Inc. Donahue holds bachelor’s degrees in economics and history from the University of Pennsylvania and also completed the international management program at the University of Pennsylvania’s Wharton School.
About GSI Commerce
GSI Commerce is a leading provider of e-commerce solutions that enable retailers, branded manufacturers, entertainment companies and professional sports organizations to operate ecommerce businesses. We provide solutions for our partners through our integrated e-commerce GSI Commerce / Weiss & Donahue Page 3 5/25/2006 platform, which is comprised of three components: technology, logistics and customer care and marketing services. We provide e-commerce solutions for more than 50 partners.
All statements made in this release, other than statements of historical fact, are forwardlooking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” “should,” “guidance,” “potential,” “continue,” “project,” “forecast,” “confident,” “prospects,” “schedule” and similar expressions typically are used to identify forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of GSI Commerce. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect GSI Commerce’s business, financial condition and operating results include the effects of changes in the economy, consumer spending, the financial markets and the industries in which GSI Commerce and its partners operate, changes affecting the Internet and ecommerce, the ability of GSI Commerce to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment, extension or termination of its relationships with strategic partners, including the early termination of an agreement with a significant partner, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology, confidential and proprietary information, and product and service offerings, the ability of GSI Commerce to execute operationally and attract and retain qualified personnel, the ability of GSI Commerce to successfully integrate its acquisitions of other businesses, if any, the performance of any acquired businesses and the impact of SFAS 123(R). More information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the SEC. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements.
- end -
Media & Investors Contact:
Director, GSI Commerce Corporate Communication