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Jos. A. Bank Clothiers, Inc. Announces Link With America Online, Inc.
Business Wire - February 26, 1999 10:59
HAMPSTEAD, Md.--(BUSINESS WIRE)--Feb. 26, 1999--Jos. A. Bank Clothiers, Inc. (Nasdaq: JOSB) announced that it has created a shopping partnership with America Online, Inc.
As part of this partnership, shopping links to Jos. A. Bank have been established with the AOL network, AOL.com, and CompuServe. This link includes a high visibility banner on the Apparel Shopping network on AOL.com and CompuServe, which significantly increases the access to the Jos. A. Bank shopping site.
Jos. A. Bank has an active web site (www.josbank.com) which was introduced in August, 1998. Activity on the site has increased significantly to 11,000 hits in January, which is up from 6,000 hits in November.
Timothy F. Finley, Chairman and CEO, stated, "We are thrilled to partner with AOL which has 16,000,000 subscribers. Together with the other alliances we have created recently, we expect to see our internet activity increase significantly this year. We are also in the process of enhancing the user friendliness of our site, which should be completed in the second quarter of 1999."
The company's statements concerning future operations contained in this press release are forward-looking statements within the meaning of the Private Security Litigation Reform Act of 1995. Actual results may differ materially from those forecast due to a variety of factors that can adversely affect the company's operating results, liquidity and financial condition such as risks associated with economic, weather, and other factors affecting consumer spending, the mix of goods sold, pricing, availability of sites for new stores and internet activity and other competitive factors.
Jos. A. Bank Clothiers, Inc., establish in 1905, is a provider of classic, traditional tailored and casual clothing with 104 stores in 28 states and the District of Columbia, a nationwide catalog and an Internet website (www.josbank.com). Jos. A. Bank Clothiers is headquartered in Hampstead, MD.