8/17/01

Wine.com by eVINEYARD*UNAFFECTED BY WINE.COM, INC. BANKRUPTCY SALE

Kurt Peters , Executive Editor

FOR IMMEDIATE RELEASE

CONTACT:
Jean Jacoté or Paige Poulos
Paige Poulos Communications
510/528-0665 or 800/497-3376
email: eVineyard@ppcwinecom.com


eVineyard Continues Rapid Growth After Wine.com, Inc. Assets Purchase

PORTLAND, OR (August 16, 2001)-"wine.com by eVineyard is not affected by nor does it have any interest in the forthcoming sale of the remaining assets of the defunct Wine.com, Inc.," said Larry Gerhard, CEO of eVineyard, responding to news of a sale of Wine.com, Inc. inventory scheduled to be held next month.

Earlier this year, eVineyard was the winner in the race to purchase certain assets of Wine.com, Inc. In April, eVineyard acquired wine.com`s domain name, often referred to as the URL, along with related trademarks, website, content, software, intellectual property and goodwill. More recently, eVineyard launched the wine.com by eVineyard website. As the lone online survivor in the booming 19 billion dollar wine market, with a track record of 150% growth rates per quarter, combined with the addition of 200,000 new customers from the purchase of wine.com assets, eVineyard has secured itself a promising future.

About eVineyard

The premier online national wine retailer in the United States, eVineyard (www.evineyard.com and www.wine.com ) serves 50 states-legally serving wine buyers in 27 states and Japan and selling gifts and accessories in 23 more. eVineyard offers a selection of over 5,000 domestic and imported premium wines and has exceptional features such as online education, promotions and loyalty programs, sweepstakes events and wine clubs.

In April of this year, eVineyard acquired certain assets of leading rival Wine.com, Inc., including the wine.com and Wineshopper.com URLs, and all of the goodwill and other assets of the wine.com service. As a result, eVineyard is the only significant national wine retailer doing business exclusively via the Internet. With its eleven current logistic centers, eVineyard sells premium wines to each of the country`s top 10 wine markets, reaching over 75% of the United States market for off-premise premium wine sales.

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Topics:

Asset, business finance, Generally Accepted Accounting Principles, Goodwill, wine

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