Cybershop CYSP +25% und steigt weiter. Übernahme? - 500 Beiträge pro Seite

[polzinho]

wer weiss mehr?

[radlhose]

könnte mit der Meldung zu tun haben

Company Press Release

CyberShop.com Launches Grove Street
Ventures, Inc., an Internet Incubator

E-Commerce Pioneer Plans to Exit Two Existing E-tailing Sites to Focus
Resources on Grove Street Ventures, Inc.

JERSEY CITY, NJ--(BUSINESS WIRE)--Feb. 10, 2000-- CyberShop.com, Inc. (Nasdaq
National Market: ``CYSP``) announced today that it will launch one of the first publicly traded
Internet incubators through Grove Street Ventures, Inc. CyberShop.com will provide Grove Street
Ventures with management resources, equipment, facilities and financial resources, including initial
seed capital, to attract and develop start-up Internet companies. The operations of Tools for Living,
a leading online and direct response company, that has provided CyberShop substantial revenues,
will continue as a separate division within the Company. In order to dedicate sufficient resources to
its Internet incubator operations, the Company will close the e-tailing sites CyberShop.com and
electronics.net and sell the retail assets of these operations.

Grove Street Ventures aims to identify and invest in attractive early stage Internet companies and
accelerate their development and product launches, while mitigating many of the pitfalls experienced
by startups. The Company will make available its considerable resources including management,
marketing, financing (including early stage seed capital), physical infrastructure, accounting and human
resource systems, and its extensive experience in business development. In return for these resources
and funding, Grove Street Ventures will receive a substantial equity position in identified companies.
Grove Street Ventures has already been presented with a number of potential opportunities and is
currently reviewing these proposals.

Through the launch of Grove Street Ventures and the closing of its two e-tailing sites, the Company
believes that it has identified a long-term strategy for maximizing shareholder value. ``CyberShop was
one of the first e-tailers to enter the market and helped pave the way for the e-commerce revolution,``
said Jeffrey Tauber, Chairman and CEO. ``Over the past few months, we have carefully analyzed the
competitive e-tailing environment and the emerging Internet landscape. We were impressed by the
success of firms such as CMGI (Nasdaq: CMGI - news) and Internet Capital Group (Nasdaq: ICGE
- news) and believe our strengths could be leveraged similarly. After exploring a number of strategic
alternatives, we saw the incredible opportunity in our new Internet incubator strategy and came to the
conclusion that it is in the best interest of our shareholders to focus our business on this sector while
retaining only our most profitable existing operations. Since the launch of CyberShop in a basement
five years ago through the IPO process and beyond, we have been a pioneer in the e-commerce
marketplace and have accumulated a wealth of expertise and relationships that will be an invaluable
asset as we pursue our Internet incubator strategy. Our goal for Grove Street Ventures is to use this
experience, along with our financial capital and management resources, to ensure the success of our
network of companies.``

Grove Street Ventures will be headquartered in CyberShop`s offices in Jersey City, New Jersey, a
state-of-the-art modular facility featuring the latest Internet systems and web technology. The location
will also provide Grove Street Ventures with access to Jersey City`s burgeoning Internet marketplace
and the resources of Silicon Alley. Although Grove Street Ventures will have a national and global
reach, it will be one of the few publicly traded companies with incubator activities centered in the
greater Silicon Alley region.

Grove Street Ventures will be headed by Jeffrey Tauber who will serve as Chairman and Chief
Executive Officer. The Company will retain a select number of the senior management of CyberShop
and will be actively searching for leading Internet and investment banking talent to round out the
Grove Street Ventures team. Grove Street Ventures is in the process of finalizing an advisory board
comprised of outstanding Internet and business executives who will help in locating and reviewing
proposed ventures, as well as lend their expertise in facilitating the growth of Grove Street Ventures`
network of companies. Grove Street Ventures also intends to enter into strategic alliances with other
entities that fund Internet companies, typically later stage and strategic investors, so that each may
benefit from its respective strengths.

``Grove Street Ventures will be uniquely positioned because of the broad partnerships we have
developed from our experience with CyberShop,`` stated Tauber. ``We will be able to take
advantage of the relationships we have forged with some of the web`s leading players such as AOL,
Microsoft (Nasdaq: MSFT - news) and Yahoo! (Nasdaq: YHOO - news) as well as many prominent
Internet venture capital firms.`` In order to reflect its new focus, CyberShop.com, Inc anticipates
changing its name and Nasdaq trading symbol in the near future. Grove Street Ventures` web site will
be located at www.grovestreetventures.com.

Any questions from consumers should be directed to [e-mail] or
[e-mail]

Safe Harbor

This announcement contains forward-looking statements that involve risks and uncertainties that
include, among others, the Company`s limited operating history, anticipated losses, unpredictability of
future revenues, potential fluctuations in quarterly operating results, seasonality, competition, risks
associated with system development and operation risks, management of potential growth and risks
of new business areas, and strategic alliances.

Contact:

Investor Contact:
Steve Del Vecchia
Director of Investor Relations
CyberShop.com, Inc.
Tel. [phone]
[e-mail]

[DerChamp]

Die Aktie ist ein klarer Kauf , habe gerade noch zugekauft !
Die Kurse sind absolute Schnäppchen , wir haben hier eine CMGI am
Anfang !

Gruß,
der Champ

[polzinho]

danke, radlhose! hat sogar bestimmt mit der meldung zu tun - wollen wohl neue cmgi werden... schon 35% as we speak

[polzinho]

MK beträgt 62,261k USD - da ist noch mehr luft drinnen als jede lunge verträgt...

[Uranos73]

Was ist los mit Cybershop? Hatte diese Aktie letztes Jahr im Frühjahr im Portfeuille. Sind Kurse um 3 Euro nun Einstiegskurse? Oder ist die Luft nun raus? Wer ist informiert?

Uranos73

[duplo]

Ich glaube wir sind am Anfang !!

[Mikel Night]

Hallo hat jemand von euch infos warum cybershop
in den letzten Tagen so unter die Räder kommt?

[ak47int]

CYSP ist jetzt schon bei 1,75 angekommen, und ich glaube morgen werde ich mir dieses verprügelte Teil ins Depot legen, es sei denn in Deutschland ist wiedereinmal keiner bereit für unter 2 zu verkaufen. Mal sehen, vielleicht stürze ich mich auch auf cdnow