SEATTLE--(BUSINESS WIRE)--June 25, 2008--Amazon.com, Inc.
(NASDAQ:AMZN) today announced the acquisition of Fabric.com, a leading
online fabric store that offers custom measured and cut fabrics, as
well as patterns, sewing tools and accessories.
This acquisition will enable Fabric.com to further expand its
selection of fabrics and accessories while enabling Amazon.com to
offer its customers a wider variety of products in the sewing, craft
and hobby segment.
"Fabric.com has built an impressive business by providing great products
and excellent service for sewing and crafting enthusiasts," said Chris
Nielsen, vice president of the Amazon.com Home & Garden store. "Over the
years, we've seen a growing interest in this segment from our customers. Our
acquisition of Fabric.com will allow us to offer a greater variety of fabrics
and accessories to crafting customers."
Launched in 1999 by Stephen Friedman, Fabric.com has developed a
significant and loyal customer base of sewing enthusiasts, and today
offers a comprehensive line of fabrics in all three major fabric
categories, including apparel, quilting and home decor.
"The acquisition will allow us to more effectively build our business
around the customer, offering great value and a unique shopping experience within
the sewing community," said Stephen Friedman, CEO and founder of Fabric.com."We
now have the opportunity to significantly expand our breadth of inventory, as
well as benefit from the technology, fulfillment and customer service expertise
of Amazon.com."
Fabric.com will continue to function as a stand-alone operation
based in Marietta, Georgia.
About Amazon.com
Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in
Seattle, opened on the World Wide Web in July 1995 and today offers
Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most
customer-centric company, where customers can find and discover
anything they might want to buy online, and endeavors to offer its
customers the lowest possible prices. Amazon.com and other sellers
offer millions of unique new, refurbished and used items in categories
such as books, movies, music & games, digital downloads, electronics &
computers, home & garden, toys, kids & baby, grocery, apparel, shoes &
jewelry, health & beauty, sports & outdoors, tools, auto & industrial.
Amazon Web Services provides Amazon's developer customers with
access to in-the-cloud infrastructure services based on Amazon's own
back-end technology platform, which developers can use to enable
virtually any type of business. Examples of the services offered by
Amazon Web Services are Amazon Elastic Compute Cloud (Amazon EC2),
Amazon Simple Storage Service (Amazon S3), Amazon SimpleDB, Amazon
Simple Queue Service (Amazon SQS), Amazon Flexible Payments Service
(Amazon FPS), and Amazon Mechanical Turk.
Amazon and its affiliates operate websites, including
www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp,
www.amazon.fr, www.amazon.ca, and the Joyo Amazon websites at
www.joyo.cn and www.amazon.cn.
As used herein, "Amazon.com," "we," "our" and
similar terms include Amazon.com, Inc., and its subsidiaries, unless the context
indicates otherwise.
Forward-Looking Statements
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. Actual results may differ
significantly from management's expectations. These forward-looking
statements involve risks and uncertainties that include, among others,
risks related to competition, management of growth, new products,
services and technologies, potential fluctuations in operating
results, international expansion, outcomes of legal proceedings and
claims, fulfillment center optimization, seasonality, commercial
agreements, acquisitions and strategic transactions, foreign exchange
rates, system interruption, significant amount of indebtedness,
inventory, government regulation and taxation, payments and fraud.
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, 2007, and
subsequent filings.
CONTACT: Amazon.com
Media Hotline, 206-266-7180
SOURCE: Amazon.com, Inc.
