Business Services Industry
Synergy Brands' Online Health and Beauty Store Featured in 'The Internet Analyst'
Business Wire, Oct 1, 1999
SYOSSET, N.Y.--(BUSINESS WIRE)--Oct. 1, 1999--
Synergy Brands, Inc. (Nasdaq: SYBR) reported today that its BeautyBuys.com health and beauty online store was featured in the September 30 issue of The Internet Analyst, a weekly online magazine for Internet investors.
The Internet Analyst is published by Multex.com, Inc (Nasdaq: MLTX). The company is a leading provider of investment research and analyst reports.
The article, entitled, "There's Beauty in Cyberspace," focused on the recent moves by Procter & Gamble, Estee Lauder Companies, and Synergy Brands to enter the online beauty care arena
Of Synergy Brands, the article said in part, "(it) markets and sells national brand-name consumer products, (and) has a Web site called BeautyBuys.com, which it started in February (1999). It offers a selection of more than 5,000 branded beauty care items. It also maintains strategic relationships with ... The Women.com Network, and Lycos, among others. In its first full quarter of operation, BeautyBuys.com reported sales of more than $260,000. Synergy Brands is now focused on becoming a pure Internet play."
The article concluded with comparisons of market cap, shares outstanding, recent stock price and 52-week high/low for Synergy Brands, Procter & Gamble and Estee Lauder Companies. The article contained links by which investors could receive additional information on the three companies.
The weekly publication can be found online at www.Internetanalyst.com.
The BeautyBuys.com online store offers over 5,000 nationally branded beauty and wellness products, including designer fragrances, salon hair care items, cosmetics, skin care, and a selection of the best selling convenience and personal care consumer items. The site is also adding vitamins and nutritional supplements to its product offerings. Pricing on the BeautyBuys.com web site is designed to provide consumers with substantial discounts off conventional store prices.
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