RetailExchange.com Launches Consumer Electronics Category; New Category Adds Millions of Dollars in New Inventory to Site

Business Wire, Jan 6, 2001

Business/Technology Editors

CES 2001

LAS VEGAS--(BUSINESS WIRE)--Jan. 6, 2001

RetailExchange.com, a leading online business-to-business exchange for excess consumer goods, today announced the official launch of its consumer electronics category at the Consumer Electronics Show, Booth 24035, in Las Vegas. The new department currently hosts nearly 500 electronic product listings representing almost $50 million in inventory.

"The addition of the electronics category nearly completes our coverage of all retail departments," said Rick Sarcione, RetailExchange.com Electronics Merchandise Director and former Wal-Mart electronics buyer. "We've worked hard with numerous manufacturers to bring to market highly desirable electronics deals, positioned for immediate off-price purchase by retailers."

The new category features a wide assortment of major, brand-label electronic products ranging from CD players, cell phones, cameras and PDAs. RetailExchange.com members, now numbering more than 6,000, may browse the nearly 500 electronics listings, negotiate with sellers and instantly purchase goods at discounted prices.

About RetailExchange.com

RetailExchange.com is a leading online business-to-business global marketplace for excess consumer products. The exchange currently holds one of the world's largest online selections of off-price deals in such categories as apparel, home goods, electronics, footwear, health & beauty, toys, giftware, and more. The site allows both buyers and sellers to control the process of trade through a negotiated sales format that protects brands and sales channels. Buyers and sellers can privately communicate with each other, making it faster, easier and less costly to consummate a deal. RetailExchange.com is backed by Gordon Brothers Group, Internet Capital Group, Dorset Capital, Castile Ventures, 3i, Koch Ventures, Exeter Funds and American Express Financial Services. For more information, visit RetailExchange.com's Web site at www.retailexchange.com or call 1-800-572-5114.

RetailExchange.com and the RetailExchange.com logo design are trademarks of RetailExchange.com, Inc.