eBags.com Announces Yearly Profits

Online Retailer Reports Fourth Quarter Orders Up 67%

Jul 24, 2003, 01:00 ET from eBags.com

    DENVER, July 24 /PRNewswire/ -- eBags.com announced its fourth straight
 positive cash flow quarter and its first ever positive cash flow fiscal year.
 The company also disclosed record annual orders, up 52% versus the prior year.
 Fourth quarter orders increased 67% versus the prior year.  Luggage, business
 cases, backpacks, and urban gear experienced the largest sales gains.
     Jon Nordmark, CEO of eBags.com, commented "the entire eBags team is proud
 to be one of the few online retailers to achieve sustained profitability."  He
 continued, "it's rewarding to see consumers reacting so positively to our
 efforts to make eBags the ultimate shopping experience -- whether it is
 through our web site or through our recently launched catalogs."
     Peter Cobb, Vice President of Marketing and Merchandising, added "the
 addition of consumer-preferred brands such as Kate Spade, Nike, Timberland,
 and Swiss Army Brands have given our customers even more reasons to shop at
     About eBags.com
     eBags.com is the world's leading online provider of bags and accessories
 for all lifestyles.  With over 200 brands and 10,000 products, eBags.com has
 sold over 2.1 million bags since launching March 1999.  From luggage to
 backpacks, handbags to business cases, eBags.com offers well-known brands
 including Samsonite, JanSport, Kate Spade, Nike, and Swiss Army Brands.
 eBags.com was named "Website of the Year" by Catalog Age Magazine two years in
 a row and "Email Marketer of the Year" by ClickZ/MessageMedia.  eBags.com is
 funded by Benchmark Capital, Technology Crossover Ventures, and Amerindo.
 Additional information can be found at www.ebags.com .

SOURCE eBags.com