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
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.
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
Provide Commerce, Inc.
Jen Carroll, 858-729-2761
SOURCE: FTD Group, Inc.