buy.com Announces Board of Director Resignations
ALISO VIEJO, Calif., April 12, 2001 -- buy.com (Nasdaq:BUYX), today announced the resignation of William L. Burnham and Scott Russell, both of Softbank, from its Board of Directors.
Bill Burnham commented, "It has been a pleasure serving on buy.com`s board over the past one and a half years. While Softbank Capital Partners remains fully supportive of the buy.com management team, the time and effort required to manage our other investments has expanded dramatically and it is impossible to give buy.com the attention it deserves." Scott Russell added, "We both remain committed to helping buy.com on non-board matters in any way we can to ensure the company`s success."
James Roszak, CEO of buy.com commented, "We thank both Scott and Bill for their contributions and dedication to buy.com."
about buy.com
buy.com, The Internet Superstore™ and low price leader, offers its 3.5 million customers nearly 1,000,000 SKUs in a range of categories including computer hardware and software, electronics, wireless products and services, books, sporting goods, office supplies and more. Individuals and businesses can shop quickly and easily at buy.com 24 hours a day, 7 days a week. buy.com was named the No. 1 electronic e-tailer in the latest PowerRankings by Forrester Research, Inc., a "Best of the Web" in the computer and electronics category by Forbes Magazine for two consecutive years, and "Best Overall Place To Buy" by Computer Shopper Magazine (January 2001). buy.com, founded in June 1997, is located in Aliso Viejo, California. For more information visit www.buy.com. buy.com™ and The Internet Superstore,™ are trademarks of buy.com Inc.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This release may contain forward-looking statements that involve risks and uncertainties. Important factors, which could cause actual operating results to differ materially from those in the forward-looking statements, including, without limitation risks associated with the retention and recruitment of board members and management. Additional risks are detailed in filings with the Securities and Exchange Commission made from time to time by buy.com, including its Registration Statement on form S-1, as amended, filed with the Securities and Exchange Commission on October 27, 1999, and its final prospectus related to its initial public offering filed with the Securities and Exchange Commission on February 7, 2000 and the quarterly and annual reports filed with the Securities and Exchange Commission from time to time. buy.com undertakes no obligations to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events.
Contacts:
Geri Weinfeld
(949) 389-2247
geriw@buy.com
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