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Press Releases

February 12, 2003

Best Bike BuysTM Reports 584 Percent Revenue Growth from 2001 to 2002


Best Bike Buys Now Has Largest Online Directory of Manufacturers of Bicycles, Bicycle Components and Accessories


ALTADENA, CA, February 12, 2003 - Best Bike BuysTM (www.bestbikebuys.com), the first online comparison shopping site for bikes, bicycle components and accessories and a service of Best Web BuysTM, today announced the site posted an overall 584 percent growth in revenues for calendar year 2002.

Three years after first launching, Best Bike Buys reported that in addition to comparing prices among 13 online bike merchants on more than 10,000 bicycle related parts the online site now has the largest online directory of manufacturers of bicycles, bicycle components and accessories. The newly expanded directory contains over 750 manufacturers with links back to the manufacturers' web sites. Further, each entry in Best Bike Buys' directory describes the types of goods and services provided by the manufacturer. The directory was designed to assist consumers looking for manufacturers of specialty bikes, components and accessories as well as to assist them in locating warranty service or replacement parts.

"We have been an affiliate store with Best Bike Buys since shortly after our online debut three years ago," said Mark Gregoire, president of Bike Parts USA, located in Margate, Florida. "Our online business has grown steadily over the last three years and we expect our online sales to eclipse our brick and mortar sales this year. Definitely Best Bike Buys has been a big part of our success driving nearly 15 percent of our online traffic in 2002."

Quick comprehensive searches

Once at BestBikeBuys.com consumers can search by keyword, product category or manufacturer. The Best Bike Buys search lists stores that carry the item as well as the price. The site also details a list of "Hot Deals" offered by their bike store partners for additional savings.

A search for Crank Brothers' Egg Beater Pedals (2002), Michelin Axial Pro Light Road Tire, and Bell 2002 Ghisallo Helmet illustrate the savings Best Bike Buys offers. These three items have a combined manufacturer's suggested retail price of $294.94. A search today at Best Bike Buys finds these same items selling for $138.93, a savings of $156.01 over MSRP.

Awards and Accolades

Over the last five years, the Best Web Buys family has received accolades from a number of sources including Forbes "Best of the Web," PC World, The Today Show, Money, Smart Money, USA Weekend, PC Magazine, Cool Site of the Year Awards, and CoolShopping.com.

About Best Web Buys

Best Web Buys' five product specific sites -- Best Book Buys®, Best Music Buys, Best Video Buys, Best Bike Buys and now Best Electronic Buys -- compare prices, shipping and availability of more than 2 million titles and items at dozens of online stores including Amazon.com (Nasdaq:AMZN - News), Barnes and Noble (NYSE:BNBN - News), half.com, Powell's, and buy.com. Best Web Buys was founded in 1997 by Steve Loyola, a former Jet Propulsion Laboratory computer scientist. The company is located at 2400 Lincoln Avenue, Altadena, California, 91001 and can be reached at 626/296-6260.

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Editors Note: Best Book Buys, Best Bike Buys, Best Music Buys, Best Video Buys, Best Electronic Buys and Best Web Buys are trademarks or registered trademarks of Best Web Buys. All other trade or brand names mentioned herein are the property of their respective owners.



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