Pets.com Raises $50 Million from Amazon.com, Bowman Capital, and Hummer Winblad Venture Partners Second Round of Financing Will Allow Online

Pets Category Leader to Best Serve Customers



    SEATTLE, June 14 /PRNewswire/ -- Pets.com (www.pets.com), the leading
 online provider of pet products, information and services, today announced it
 raised $50 million from leading online retailer Amazon.com (Nasdaq:   AMZN),
 Bowman Capital, and Hummer Winblad Venture Partners.
     Pets.com will use the second round of financing to continue to build its
 infrastructure and to best serve the customer growth that the company has
 experienced since its first round of funding less than 10 weeks ago.
     "We are running hard and fast to make Pets.com the best possible customer
 experience, from product selection to customer service," said Julie
 Wainwright, CEO of Pets.com.  "This significant investment allows us to
 support our plans to build an enduring customer-focused company."
     "Whether you're shopping for your dog, or cat, or chinchilla or just
 looking for a ferret hammock, Pets.com makes it easy to do something nice for
 your pet," said Jeff Bezos, founder and CEO of Amazon.com.
     Upon completion of its investment, Amazon.com will own approximately
 54% of outstanding shares.  The financing is expected to be completed later
 this month and is subject to execution of definitive documents and customary
 closing conditions.
     In less than two and one-half months, Pets.com has taken significant
 strides to provide the ultimate online shopping experience for pet owners.  To
 ensure the best consumer experience, Pets.com has brought the entire shopping
 process in house, from order fulfillment to customer service.  The company
 recently opened its first distribution center in San Francisco, Calif., to
 accommodate a growing selection of products and to provide the fastest
 possible shipping.  In addition, Pets.com has developed a full customer
 service staff and added a toll-free customer service phone number.  Consumers
 can now call Pets.com directly at 1-888-321-PETS to place orders or gain
 additional information about the Web site.
 
     About Pets.com
     Pets.com is the online category leader for pet products, information and
 services.  Offering the broadest product selection and expert advice from a
 staff of pet-industry experts and veterinarians, Pets.com gives pet owners the
 information they need to provide their pets with the best possible care.
 Pets.com is a privately held company funded by Bowman Capital, leading online
 retailer Amazon.com and Hummer Winblad Venture Partners, a premier venture
 capital firm focused exclusively on software and Internet investing.
 Pets.com's management team has extensive experience in technology, e-commerce,
 consumer-driven companies and the pet industry.  Pets.com was founded in
 October 1998 and is based in San Francisco, CA.
 
     About Amazon.com, Inc.
     Amazon.com, Inc. (Nasdaq:   AMZN), the Internet's No. 1 music, No. 1 video
 and No. 1 book retailer, opened its virtual doors on the World Wide Web in
 July 1995 and today offers Earth's Biggest Selection(TM) with free electronic
 greeting cards, online auctions and more than 4.7 million book, music-CD,
 video, DVD and computer-game titles.  Amazon.com seeks to be the world's most
 customer-centric company, where people can find and discover anything they may
 want to buy online.  As part of its efforts to provide the best shopping
 experience for customers, Amazon.com provides secure credit-card payment,
 personalized recommendations, streamlined ordering through 1-Click(SM)
 technology, and hassle-free auction bidding with Bid-Click(SM).
     Amazon.com operates two international Web sites: www.amazon.co.uk in the
 United Kingdom and www.amazon.de in Germany.  Amazon.com also operates
 PlanetAll (www.planetall.com), a Web-based address book, calendar and reminder
 service.  It also operates the Internet Movie Database (www.imdb.com), the
 Web's comprehensive and authoritative source of information on more than
 150,000 movies and entertainment programs and 500,000 cast and crew members
 dating from the birth of film in 1892 to the present.  Amazon.com also
 operates LiveBid.com (www.livebid.com), the sole provider of live-event
 auctions on the Internet.
     In addition, Amazon.com has invested in leading Internet retailers that
 are improving the lives of customers by making shopping easier and more
 convenient: drugstore.com, an online retail and information source for health,
 beauty, wellness, personal care and pharmacy, at www.drugstore.com; Pets.com,
 the online leader for pet products, expert information and services, at
 www.pets.com; HomeGrocer.com, the first fully integrated Internet
 grocery-shopping and home-delivery service, with operations in Seattle and
 Portland, Oregon, at www.homegrocer.com.
 
     This announcement contains forward-looking statements that involve risks
 and uncertainties that include, among others, Amazon.com's limited operating
 history, anticipated losses, unpredictability of future revenues, potential
 fluctuations in quarterly operating results, seasonality, consumer trends,
 competition, risks of system interruption, management of potential growth,
 risks related to auction services, and risks of new business areas,
 international expansion, business combinations, and strategic alliances.  More
 information about factors that potentially could affect Amazon.com's financial
 results is included in Amazon.com's filings with the Securities and Exchange
 Commission, including its Annual Report on Form 10-K for the year ended
 December 31, 1998 and Quarterly Report on Form 10-Q for the quarter ended
 March 31, 1999.
     Amazon.com, Amazon.com Auctions, Amazon.co.uk, Amazon.de, Internet Movie
 Database, PlanetAll, Earth's Biggest Selection, Bid-Click and 1-Click are
 either registered trademarks or trademarks of Amazon.com, Inc., or its
 affiliates.  All other names mentioned herein may be trademarks of their
 respective owners.
 
     About Bowman Capital
     Bowman Capital Management, LLC is a premier institutional investor
 specializing in both public and private technology growth companies with over
 $2 billion under management.  On the private equity side, Bowman Capital
 focuses on expansion stage companies related to the new Internet economy.
 Bowman Capital's private equity portfolio includes companies such as
 Arrowpoint, Chemdex, Mpath, Netcentives, PlanetRx, RemarQ, Six Degrees,
 Sycamore Networks and The Street.com.  For more information on Bowman Capital
 Management, visit their Web site at www.bowmancapital.com.
 
     About Hummer Winblad
     Hummer Winblad Venture Partners is a premiere venture capital fund
 exclusively focused on software and Internet investing with over $200 million
 under management.  Previous investments include PowerSoft Corporation and
 Arbor Software, as well as Internet companies Net Perceptions, AdForce,
 HomeGrocer and Employease.  For further information, please visit
 http://www.humwin.com.
 
 

SOURCE Amazon.com, Inc.
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