<< Back
Provide Commerce and FTD Resolve Lawsuit

SAN DIEGO & DOWNERS GROVE, Ill.--(BUSINESS WIRE)--Aug. 8, 2006--Provide Commerce, Inc., an e-commerce marketplace of websites for perishable goods, and FTD Group, Inc. (NYSE:FTD), a leading provider of floral services and products, today announced that they have resolved the false advertising and unfair competition claims each asserted against each other in a lawsuit initially filed by FTD against Provide Commerce in August 2005.

In the settlement, neither party admitted to the allegations contained in the claims brought against each other and no money will be paid by either side. The settlement includes a compromise in which FTD agreed to dismiss a separate trademark action brought against Provide Commerce, and in return Provide Commerce agreed to make certain modifications to future advertising. The parties also mutually agreed to abide by certain other guidelines in their advertising after December 31, 2006.

About Provide Commerce, Inc.

Provide Commerce(SM) operates an e-commerce marketplace of websites for perishable goods that consistently delivers fresh, high-quality products direct from the supplier to the customer at competitive prices. The Company's platform combines an online storefront, proprietary supply chain management technology and established supplier relationships to create a market platform that bypasses traditional supply chains of wholesalers, distributors and retailers. Provide Commerce launched its marketplace in 1998 to sell and deliver fresh cut flowers for everyday and special occasions such as Thanksgiving, Christmas, birthday and anniversary events, through its ProFlowers(R) brand and website, www.proflowers.com. Provide Commerce also offers fresh fruit, delectable sweets and premium meat direct from the supplier through its Gourmet Food Business Unit. To date, these offerings consist of Cherry Moon Farms(SM), www.cherrymoonfarms.com, Secret Spoon(SM), www.secretspoon.com, and Uptown Prime(R), www.uptownprime.com. For more information, please visit www.prvd.com.

About FTD Group, Inc.

FTD Group, Inc. is a leading provider of floral-related products and services to consumers and retail florists, as well as other retail locations offering floral products, in the U.S., Canada and the U.K. Our business is supported by the highly recognized FTD and Interflora brands. Both brands utilize the Mercury Man logo, which is displayed in approximately 50,000 floral shops globally. Our consumer businesses operate primarily through the www.FTD.COM site in the U.S. and Canada and the www.interflora.co.uk Web site in the U.K. and are complemented by our florist businesses which provide products and services to our independent florist networks.

Forward-looking Statements

Statements in this press release, other than historical information, may be "forward-looking" in nature within the meaning of Section 21E the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and assumptions. These statements are based on the companies' current expectations, estimates and projections about their ability to resolve their lawsuits through the settlement agreement described herein. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. The companies undertake no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

CONTACT: FTD Group, Inc.
Jon Burney, 630-724-6729
jburney@ftdi.com
or
Provide Commerce, Inc.
Jen Carroll, 858-729-2761
jcarroll@providecommerce.com

SOURCE: FTD Group, Inc.

Could not find file '\\aws.nasdaqomx.com\irwebpro\content3\IRXMLDATA\96\96019\Disclaimers.xml'.