Value America Announces Relationship With Ingram Entertainment Inc

Business Wire, March 24, 2000

Business Editors/Hi-Tech Writers

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--March 24, 2000

Value America, Inc. (Nasdaq:VUSA, www.VA.com), the leading online technology and office products superstore, today announced that it has entered into an agreement with Ingram Entertainment, the nation's leading home entertainment products distributor.

As a result of the agreement, Value America will offer its customers a complete line of Ingram Entertainment's products, which include more than 57,000 videos, 6,200 DVDs, 2,000 video game hardware, software and accessories, and 12,300 audio books.

The agreement positions Value America as a much stronger force in the fast growing segment of consumer electronics and entertainment. Forrester Research predicts that sales of consumer electronics, as an Internet market segment, will grow to over $21 billion by 2003.

"Our agreement with Ingram means that we will provide our customers with an even greater selection of consumer electronics and entertainment products," said Glenda Dorchak, President and CEO of Value America. "We will continue to develop relationships that build upon our commitment to be the premier online superstore, offering the best selection, reliable service and competitive prices."

"We are happy to have entered into a business relationship with Value America and know that their customers will benefit by having access to Ingram Entertainment's industry leading on-hand inventory of entertainment software products," said Bob Geistman, Ingram Entertainment's Vice President of Business Development.

About Value America

Value America, Inc. (www.VA.com), based in Charlottesville, Virginia, is the leading online electronics and technology superstore, giving consumers the best selection, reliable service and competitive prices.

Offering business, government and consumers broad selection in PCs, electronics, peripherals, office products, DVDs and CDs, Value America brings the best features of bricks and mortar to Internet commerce, without the costs of inventory, warehouses or distribution, passing along the savings to consumers.

About Ingram Entertainment Inc.

Ingram Entertainment Inc. had net sales in excess of $1.1 billion in 1999. It is the leading national distributor of home entertainment products including prerecorded videocassettes, electronics, video game hardware and software, DVD hardware and software, audio books, accessories, and used prerecorded videocassettes.

Ingram Entertainment Inc. services over 10,000 video specialty, mass merchant, drug and supermarket accounts. The company also provides support services, including direct to consumer fulfillment, for Internet retailers. Ingram Entertainment is headquartered in La Vergne, Tennessee and operates out of 17 U.S. locations.

Ingram Entertainment Inc. is also the parent company of music publisher, Ingram/LeBrun Music Inc. and holds a controlling interest in Nashville Computer Liquidators (microcomputer and electronics wholesaler) and Frank, Best and Ingram (advertising agency).

The matters discussed in this press release include forward-looking statements regarding, among other things, future operating results of the company. In addition, when used in this press release, the words "intends to," "believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements.

Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including: continued growth of electronic commerce; uncertainties and risks of Internet-based technologies employed by Value America; competition for sales over the Internet; anticipated operating loss by Value America; fluctuations in quarterly results; governmental regulation of electronic commerce; and the other risk factors set forth in (i) Value America's prospectus filed with the Securities and Exchange Commission on April 6, 1999; and (ii) Value America's quarterly report on Form 10-Q for the quarter ended September 30, 1999.

We undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.