iPROMOTEu.com(TM) Closes 3rd Round of Funding

Promotional Products Company Receives 3rd Round of Funding

Strengthens its Position in the Market and Ensures its Continued Growth



Apr 10, 2001, 01:00 ET from iPROMOTEu.com

    NATICK, Mass., April 10 /PRNewswire/ --iPROMOTEu.com(TM), a unique
 platform offering a comprehensive, cutting-edge solution -- both on-line and
 off-line -- for the $20 billion promotional products industry, announced today
 that it successfully completed a third round of financing.  Many of the
 company's existing investors and several new investors participated in this
 latest round of financing.  To date, the company consciously has avoided
 seeking institutional financing from traditional venture capital firms.
     "This round of financing will be used to support the company's operations
 as it advances closer toward profitability," said Ross Silverstein, president
 & CEO of iPROMOTEu.com.  The company has 20 employees who, collectively,
 possess more than 100 years of industry experience.  The company has been
 operating for 15 months and already has generated significant revenue.
     In addition to Mr. Silverstein, iPROMOTEu.com's Board of Directors
 consists of Walter Schneider, President and Co-Founder of RE/MAX Europe,
 RE/MAX Ontario-Atlantic Canada, and RE/MAX New England, and Jon Spector, a
 former McKinsey partner who is now CEO of Seurat Co., another management
 consultancy.
     iPROMOTEu.com provides its customers a multi-faceted solution that offers
 them the convenience and flexibility of the Internet coupled with the
 knowledge, care and service of a superior customer relations team and a
 network of independent distributor affiliates.  Promotional items available
 on-line include trade show giveaways, gifts for customers and employees,
 awards, golf accessories, apparel and holiday items. With a distinctive blend
 of promotional products and planning services, iPROMOTEu.com proposes a fast,
 easy, and inexpensive alternative to help customers choose the right
 promotional product for their company or organization.  iPROMOTEu.com offers
 quality products, precise imprinting, exceptional service, on-time delivery,
 and attractive pricing, either on-line or off-line.
     "It is no small feat raising additional capital given the current economic
 environment.  Many companies are having considerable difficulty raising
 additional capital at this time." Mr. Silverstein further added, "while we are
 pleased with this recent accomplishment, we have always had confidence in our
 concept and in our management team."
 
     About iPROMOTEu.com
     Headquartered in Natick, Mass., iPROMOTEu.com(TM) is a unique on-line
 platform offering a comprehensive, cutting-edge solution -- on-line and off-
 line -- for the promotional products industry. iPROMOTEu.com offers
 promotional items, ad specialties, premiums and incentives. The company offers
 a multi-faceted solution for customers who seek both the convenience and
 flexibility of the web coupled with the knowledge, care and service of a
 superior customer relations team. The company's personnel possesses over 100
 years of combined industry experience. iPROMOTEu.com markets its products and
 services directly to end-users via its web site, its in-house sales staff, and
 its network of independent distributor affiliates. There are more than 8,000
 items presently available on the company's e-commerce platform; a total of
 23,000 products are available through the company's existing network of
 industry suppliers.
 
      Contact:
      Lisa Schreider
      iPROMOTEu.com
      508 655 5700 x321
      lschreider@iPROMOTEu.com
 
 

SOURCE iPROMOTEu.com
    NATICK, Mass., April 10 /PRNewswire/ --iPROMOTEu.com(TM), a unique
 platform offering a comprehensive, cutting-edge solution -- both on-line and
 off-line -- for the $20 billion promotional products industry, announced today
 that it successfully completed a third round of financing.  Many of the
 company's existing investors and several new investors participated in this
 latest round of financing.  To date, the company consciously has avoided
 seeking institutional financing from traditional venture capital firms.
     "This round of financing will be used to support the company's operations
 as it advances closer toward profitability," said Ross Silverstein, president
 & CEO of iPROMOTEu.com.  The company has 20 employees who, collectively,
 possess more than 100 years of industry experience.  The company has been
 operating for 15 months and already has generated significant revenue.
     In addition to Mr. Silverstein, iPROMOTEu.com's Board of Directors
 consists of Walter Schneider, President and Co-Founder of RE/MAX Europe,
 RE/MAX Ontario-Atlantic Canada, and RE/MAX New England, and Jon Spector, a
 former McKinsey partner who is now CEO of Seurat Co., another management
 consultancy.
     iPROMOTEu.com provides its customers a multi-faceted solution that offers
 them the convenience and flexibility of the Internet coupled with the
 knowledge, care and service of a superior customer relations team and a
 network of independent distributor affiliates.  Promotional items available
 on-line include trade show giveaways, gifts for customers and employees,
 awards, golf accessories, apparel and holiday items. With a distinctive blend
 of promotional products and planning services, iPROMOTEu.com proposes a fast,
 easy, and inexpensive alternative to help customers choose the right
 promotional product for their company or organization.  iPROMOTEu.com offers
 quality products, precise imprinting, exceptional service, on-time delivery,
 and attractive pricing, either on-line or off-line.
     "It is no small feat raising additional capital given the current economic
 environment.  Many companies are having considerable difficulty raising
 additional capital at this time." Mr. Silverstein further added, "while we are
 pleased with this recent accomplishment, we have always had confidence in our
 concept and in our management team."
 
     About iPROMOTEu.com
     Headquartered in Natick, Mass., iPROMOTEu.com(TM) is a unique on-line
 platform offering a comprehensive, cutting-edge solution -- on-line and off-
 line -- for the promotional products industry. iPROMOTEu.com offers
 promotional items, ad specialties, premiums and incentives. The company offers
 a multi-faceted solution for customers who seek both the convenience and
 flexibility of the web coupled with the knowledge, care and service of a
 superior customer relations team. The company's personnel possesses over 100
 years of combined industry experience. iPROMOTEu.com markets its products and
 services directly to end-users via its web site, its in-house sales staff, and
 its network of independent distributor affiliates. There are more than 8,000
 items presently available on the company's e-commerce platform; a total of
 23,000 products are available through the company's existing network of
 industry suppliers.
 
      Contact:
      Lisa Schreider
      iPROMOTEu.com
      508 655 5700 x321
      lschreider@iPROMOTEu.com
 
 SOURCE  iPROMOTEu.com