ALISO VIEJO, Calif., May 23, 2006 (PRIMEZONE) -- Buy.com(r) (www.buy.com) today announced that Neel Grover was appointed as the Chief Executive Officer of Buy.com effective May 19, 2006. Mr. Grover has served Buy.com as a member of the Board of Directors since November 2001, as its President since September 2003, and as its Chief Operating Officer since October 2004.
Scott Blum, Buy.com's founder, who has been the Chairman of the Board of Directors and Chief Executive Officer since he took the company private in 2001, will remain as Chairman of the Board and continue to be closely involved with the company's strategic initiatives.
"The official transition of this position is consistent with the primary roles between me and Neel. I have focused my time on identifying strategic opportunities in the convergence of Internet retail, media and advertising (including our recent launch of BuyTV), while Neel has led our business and corporate strategy and has been running the day to day operations of the company," said Scott Blum.
About Buy.com
Buy.com is a leading e-commerce company focused on providing its customers with a positive shopping experience and a broad selection of high-quality technology and entertainment retail goods at competitive prices. Buy.com offers over 2 million products in a range of categories including consumer electronics, computer hardware and software, cell phones, books, music, videos, games, digital music downloads, toys and sporting goods. Individuals and businesses can shop quickly and easily at Buy.com 24 hours a day, 7 days a week. Buy.com, founded in June of 1997, is located in Aliso Viejo, California. Buy.com(r) and The Internet Superstore(tm) are trademarks of Buy.com Inc.
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