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Halfway, Oregon Passes Proclamation to Become Half.com, Oregon for the Year 2000, the First 'Dot-Com' City in AmericaHALFWAY, Ore., Jan. 20, 2000 - Last Nights' Vote by City Council Puts Its Name-Sake Web Site Half.com On the Map, LiterallyHalfway, Oregon, a picturesque community in Eastern Oregon, today announced that last night it passed a proclamation to rename the town to Half.com for the year 2000, officially becoming the world's first dot-com city. This move follows the councils' ratification from last month to open negotiations with Internet start-up Half.com. Yesterday, Half.com unveiled its innovative new person-to-person e-commerce Web site (www.half.com), giving people an online marketplace to buy and sell high quality, previously owned consumer entertainment items for at least half off list price. This new person-to-person e-commerce site provides shoppers with an easy way to purchase books, CDs, movies and video games at half off, and provides sellers with an easy way to get half their money back when they are finished with an item. Over one million items are now available for immediate purchase, with no auctions, bidding, or competition to purchase them. In exchange for the name change, Half.com, (a.k.a. Halfway) Oregon, will receive significant exposure for becoming the first "dot-com" city in America, while Half.com puts itself on the map, literally. For the year agreement, Half.com is building and hosting a Web site for the town, contracting with local Web developers for the majority of the work; donating 20 computers to the town elementary school; providing seed money for existing and future business and economic development, and more. Half.com also hopes to boost the economy by providing other work opportunities in the near future. "We are extremely excited to become the first dot-com city in America," said Halfway, Oregon Mayor Dick Crow. "By changing our name to Half.com, Oregon for a year, our community can greatly benefit from the success of the Internet. We hope that through this exposure we can develop a number of cottage industries that will help our economic base grow." "Just as Halfway, Oregon's ancestors pioneered a new frontier, Half.com is pioneering the person-to-person e-commerce space," said Josh Kopelman, founder and CEO of Half.com. "We are thrilled that Halfway has agreed to change its name to Half.com and we look forward to an exciting year of exploring new territory for both Half.coms." About Half.com/Halfway, Oregon (www.Half.com) Half.com (a.k.a. Halfway), Oregon, is a scenic community, population 345, located 40 miles southwest of Hells Canyon in Eastern Oregon. The town prospers through a number of cottage industries, as well as tourism. The community offers a paradise for outdoor enthusiasts that is hard to find in the continental United States. Summer or winter, visitors will find a variety of outdoor activities, such as backpacking, llama excursions, snow mobiling, cross country skiing, fishing, hunting, wild river rafting, and more. About Half.com (www.Half.com) Half.com, located in Conshohocken, Penn., a suburb of Philadelphia, offers people an organized online marketplace to buy and sell high-quality, previously owned goods for at least half off list price. Founded in July 1999, the company quickly designed, developed and launched its innovative Web site, put in place a strong management team and advisory board, and secured funding from a number of well-respected venture capital firms and individual investors. Half.com can be reached by telephone at 888/TRY-HALF, by fax at 610/567-3559 or by email at info@half.com. Half.com is a trademark of Half.com, Inc. All other names are either trademarks or registered trademarks of their respective companies. Visit http://www.half.com for details. CONTACT: Half.com, Conshohocken Kristin Keyes, 610/567-1090 x232 Kkeyes@half.com www.half.com
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