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February 9, 2004

HomeClick Receives $5 Million from Investor Seymour Holtzman

Online luxury home improvement company sees over 100 percent year-over-year growth

(Edison, New Jersey - - February, 2004.) HomeClick, the premiere online retailer for luxury home products, today announced that Seymour Holtzman, President and Chief Executive Officer of Jewelcor Management, Inc., invested $5 million to accelerate the company's growth and expansion.

"We are already a profitable company, however, Mr. Holtzman's investment affords us the ability to extend our offering into new markets and compete in new categories," said Michael Golden, president and CEO of HomeClick. "He has a proven track record and vision for identifying companies with solid and sustainable business models."

Mr. Holtzman currently serves as Chairman of the Board of Casual Male Retail Group, Inc. (NASDAQ: CMRG), the largest specialty retailer of big and tall men's apparel in the U.S. with over 470 locations, and MM Companies, Inc. (OTCBB: MMCO). He serves as Co-President, Co-Chief Executive Officer and Co-Chairman of Liquid Audio, Inc. (NASDAQ: LQID). He is the owner of the preeminent retail jewelry chain in Chicago, C.D. Peacock, Inc.

"We've been growing at more than 100 percent a year," continued Golden. "As a result of the home improvement perfect storm -- the nesting phenomenon, low interest rates, and a tempestuous stock market -- people today view their homes as their number one investment and are willing to make significant capital improvements to increase the return on that investment. Additionally, the continued growth of the Internet retail sector shows no signs of slowing. According to Jupiter Research, U.S. online retail sales are expected to reach $65 billion in 2004, and will continue to grow by a compound annual growth rate of 17 percent through 2008. HomeClick is uniquely positioned to substantially benefit from these two market forces. It's clear the high end home improvement business a great business to be in, but it's an even better time to be an online retailer competing in this category."

In 2003, HomeClick reported nearly $30 million in revenue - up from $12.2 million in 2002 - making it the largest retailer selling upscale home products online. HomeClick has projected revenue of over $50 million for 2004. "Unlike several years ago, consumers no longer fear purchasing high-end, big ticket items via the Internet," said Golden.

About HomeClick
Founded in 2000, HomeClick offers the widest selection of ultra premium brand names for the home. Through its website, www.homeclick.com and Edison, New Jersey showroom, HomeClick sells over 300,000 kitchen, bath, lighting, tabletop and outdoor products at competitive prices. HomeClick is an authorized dealer for over 185 upscale brands for the home including Toto, Jado, Lenox, Waterford, Villeroy & Boch, Faberge and Dacor among others. HomeClick has grown 100% year over year since inception.


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