Beautifully engraved certificate from buy.com issued
in 2001. This historic document was printed by the American Banknote Company and has an
ornate border around it with a vignette of the company's logo. This item has the printed signatures of the Company’s President, Greg Hawkins, and its Secretary. Due to financial difficulties, the original founder, Scott Blum, was able to reacquire the company at pennies on the dollar and took it private.
Buy.com, The Internet Superstore(TM) and low price leader, offers its 3.5 million customers nearly 1,000,000 SKUs in a range of categories including computer hardware and software, electronics, wireless products and services, books, sporting goods, office supplies and more. Individuals and businesses can shop quickly and easily at buy.com 24 hours a day, 7 days a week. buy.com was named the No. 1 electronic e-tailer in the latest PowerRankings by Forrester Research, Inc., a "Best of the Web" in the computer and electronics category by Forbes Magazine for two consecutive years, and "Best Overall Place To Buy" by Computer Shopper Magazine (January 2001). buy.com, founded in June 1997, is located in Aliso Viejo, California. For more information visit www.buy.com. buy.com(TM) and The Internet Superstore,(TM) are trademarks of buy.com Inc.
SCOTT BLUM ACQUIRES BUY.COM WITH OVERWHELMING SHAREHOLDER APPROVAL
96% Of Shareholders Voting On The Transaction Voted In Favor Of the Founder’s Purchase Of The Company
ALISO VIEJO, Calif., —November 27, 2001—Buy.com Inc. is pleased to announce that buy.com’s founder, Scott Blum, has re-acquired the company. Recognized as The Internet Superstore™, buy.com was purchased by Mr. Blum for approximately $23.6 million or $.17 cents per share. Effective immediately, buy.com will become a wholly owned subsidiary of SB Acquisition, Inc., a Delaware corporation whose sole stockholder is Mr. Blum. Following a meeting of buy.com shareholders, 96% of buy.com’s shares voted at the meeting were voted in favor of the company’s purchase by Mr. Blum. At the close of business today, buy.com will no longer be publicly held or traded on the OTC Bulletin Board.
“I’ve always been passionate about making this company succeed. Not many entrepreneurs get a second shot at running a company they founded and I plan to make the most of it,” stated Blum. “I'm grateful to the dedicated employees of buy.com and look forward to leading a truly great company.”
About buy.com buy.com, The Internet Superstore™ and low price leader, offers its approximately 4 million customers nearly 1,000,000 products in a range of categories including computer hardware and software, electronics, wireless products and services, books, and more. Individuals and businesses can shop quickly and easily at buy.com 24 hours a day, 7 days a week. buy.com was named the "Best E-Commerce Site" by PC World magazine (June 2001), "Best Overall Place To Buy" by Computer Shopper Magazine (January 2001), the No. 1 electronics e-tailer in the PowerRankings by Forrester Research, Inc. (November 2000), and a "Best of the Web" in the computer and electronics category by Forbes Magazine (spring 2000 and fall 2000). buy.com, founded in June 1997, is located in Aliso Viejo, California. For more information visit buy.com™ and The Internet Superstore™ are trademarks of buy.com Inc.
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