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(BW) (WA-AMAZON.COM) (AMZN) AMAZON.COM PRESIDENT, COO JOSEPH GALLI RESIGNS
(Editorial Attention) Writers
SEATTLE--(BUSINESS WIRE)--July 25, 2000-- Amazon.com today announced
that Joe Galli, president and chief operating officer, is leaving the company
for personal reasons.
Amazon.com founder and CEO Jeff Bezos said, "We'd like to thank Joe for
his hard work and accomplishments over the last year. I believe he is making the
right decision for him and his family circumstances. We all wish him the very
best."
Bezos will continue as CEO and resume the duties of president.
About Amazon.com
Amazon.com (Amazon.com, Inc., and its subsidiaries) is the Internet's
No. 1 music, No. 1 DVD and video, and No. 1 book retailer. Amazon.com (NASDAQ:
AMZN) opened its virtual doors on the World Wide Web in July 1995 and today
offers Earth's Biggest Selection, along with online auctions and free electronic
greeting cards. Amazon.com seeks to be the world's most customer-centric
company, where customers can find and discover anything they may want to buy
online. Amazon.com lists more than 18 million unique items in categories
including books, CDs, toys, electronics, videos, DVDs, tools and hardware, lawn
and patio items, kitchen products, software, and video games. Through Amazon.com
zShops, any business or individual can sell virtually anything to Amazon.com's
more than 20 million customers, and with Amazon.com Payments, any seller can
accept credit card transactions, avoiding the hassles of offline payments. The
company also participates in sothebys.amazon.com, the leading auction site for
guaranteed art, jewelry, and collectibles, at www.sothebys.amazon.com.
Amazon Anywhere is the leader in mobile e-commerce, providing access
from anywhere in the world to Amazon.com on personal digital assistants (PDAs)
and through handheld wireless Internet devices that use HDML or the Wireless
Application Protocol.
Amazon.com operates two international Web sites: www.amazon.co.uk and
www.amazon.de. It also operates the Internet Movie Database (www.imdb.com), the
Web's comprehensive and authoritative source of information on more than 220,000
movies and entertainment programs and 800,000 cast and crew members dating from
the birth of film in 1892 to 2003. Amazon.com has invested in leading Internet
retailers that are improving the lives of customers by making shopping easier
and more convenient: Greenlight.com, the only company that offers car buyers the
control of auto purchasing online with ongoing
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service and support from local dealerships, at www.greenlight.com; living.com,
the leading online home products and services retailer, at www.living.com;
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; Portland, Oregon; and
Southern California--at www.homegrocer.com; Gear.com, which offers brand-name
sporting goods at prices from 20 to 90 percent off retail, at www.gear.com;
Ashford.com, the leading Internet retailer of luxury and premium products and
the Web's No. 1 retailer of watches and jewelry, at www.ashford.com; Audible,
Inc., the leader in Internet-delivered spoken audio for PC-based listening or
playback on AudibleReady portable digital audio devices, at www.audible.com;
eZiba.com, a leading online retailer of handcrafted products from around the
world, at www.eziba.com; and WineShopper.com, the San Francisco- and Napa-based
Internet start-up that will ultimately offer consumers online access to the
largest selection of wines available anywhere, at www.wineshopper.com.
Amazon.com also has a minority interest in WeddingChannel.com, which
brings together leading retailers with gift registry, expert advice, and
personalized gift suggestions to help everyone give and receive the right
wedding gifts, at www.weddingchannel.com; NextCard, Inc., considered the
industry's leading issuer of consumer credit on the Internet, at
www.nextcard.com; and Kozmo.com, the world's leading "e-mmediate"
Internet-to-door delivery service, at www.kozmo.com.
This announcement contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements involve risks and
uncertainties that include, among others, Amazon.com's limited operating
history, anticipated losses, significant amount of indebtedness,
unpredictability of future revenues, potential fluctuations in quarterly
operating results, seasonality, consumer trends, competition, risk of
distribution center expansion, risks related to fourth quarter performance,
risks of system interruption, management of potential growth, inventory risks,
risks related to auction and zShops services, risks related to fraud and
Amazon.com Payments, 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, 1999, and its
Quarterly Report on Form 10-Q for the quarter ended March 31, 2000.
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CONTACT: Amazon.com
Bill Curry (206) 266-7180
