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FedEx Archives: 1999 Press Releases

( BW)(VA-VALUE-AMERICA)(VUSA)(FDX) Value America Enters Into New E-commerce Marketing Agreement With Federal Express

    Business Editors

    CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Nov. 10, 1999--Value America (NASDAQ: VUSA), the Internet superstore, today announced a new e-commerce marketing agreement with Federal Express Corp. (NYSE: FDX).
    Under the terms of the deal, the "FedEx MarketPlace presents Value America" site at http://www.va.com/fedex will have premier placement on the FedEx website ( http://www.fedex.com ) that receives more than 32 million page views per month. FedEx couriers will also be delivering 500,000 "FedEx MarketPlace presents Value America" catalogs to FedEx customers along with packages in the next few weeks.
    The "FedEx MarketPlace presents Value America" website and catalog will feature 300 items that will be shipped free of charge via FedEx delivery services. This unique value proposition ensures that consumers will be able to get many of the best products by leading brands delivered by fast, reliable FedEx delivery services.
    "I believe that Value America has one of the best business models I've ever seen," said Frederick W. Smith, Chairman and CEO of FDX, Inc. "FedEx is working with Value America because together we can offer consumers an extraordinary value."
    "Merging FedEx's shipping prowess and Value America's turn-key e-commerce solution serves consumers by giving them the quality assurance of the world's best brands and the delivery assurance of the world's best shipping and logistics company," said Craig Winn, Chairman and Founder of Value America. "Together, Value America and FedEx are the best choice for holiday shopping."

    About Value America

    Value America, Inc. (valueamerica.com) launched the Internet's leading superstore in February 1997. Value America is a brand-direct and factory-authorized marketplace for technology, office and consumer products. With over 30 categories, Value America offers customers superior value on products from more than 3,000 of the world's most trusted brands. Through unique multi-media product demonstrations, customers are provided with thorough product information, allowing them to make informed and confident buying decisions. Value America was the first to combine high tech and high touch by offering the convenience of online shopping with the personal benefits of real customer service.
    In addition, Value America is the first true "convergence-commerce" company, integrating the telephone, television, PC and wireless devices to empower consumers to shop its store. The Company is particularly proud of its alliance marketplaces that help fund and empower charities, universities, religious organizations, and great programs like the "FedEx MarketPlace presents Value America."

    About Federal Express

    Federal Express, a subsidiary of FDX Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3 million items to 210 countries each working day. FedEx employs more than 148,000 employees and has more than 44,400 drop-off locations, 643 aircraft and 43,500 vehicles in its integrated global network. The company maintains electronic connections with more than 1.9 million customers via FedEx Powership(R), FedEx Ship(R) and FedEx interNetShip(R). Federal Express reported revenues of $14.0 billion for its fiscal year ended May 31, 1999.
    This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of Value America and FDX Corp. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in Value America's and FDX Corp's reports and documents filed from time to time with the Securities and Exchange Commission.

     --30--PS/ch*

     CONTACT: Value America, Charlottesville
              David Kuo, 804/951-4225
              jdkuo@va.com

     KEYWORD: VIRGINIA
     INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET E-COMMERCE
MARKETING AGREEMENTS