GourmetMarket.com, (OTCBB:WINE), an Internet e-commerce company, today reported record first quarter sales. During the first quarter, GourmetMarket.com reported total sales of over $300,000, which represents a four-fold increase in sales over the first quarter of 1999. Unique visitors also rose dramatically to about 540,000 from 179,000 in the first quarter of 1999. Numbers continue to escalate, and traffic for April and May alone already exceeds 400,000 unique visitors. GourmetMarket.com continues to add new marketing partners, increasing the exposure of the site to millions of potential customers.

“We have entered the new millennium with a bang,” said GourmetMarket.com President and Founder Chanan Steinhart. “Sales and traffic continue to build at a record pace. Our numbers show that we are on track to achieve our 2000 sales goals by attracting 5 million unique visitors to our Web site this year. Increased average transactions, repeat visits and high customer ratings indicate that our continued commitment to excellent customer service and quality products is working for us.”

GourmetMarket.com is a leading technology and e-commerce company that presently sells premium, hard-to-find food, wine and kitchenware products. GourmetMarket.com provides some of the most comprehensive online culinary content on the Internet today. GourmetMarket.com doesn’t just offer products, it offers credible, trustworthy advice and recommendations from world-renowned experts abut what to buy and why. San Francisco-based GourmetMarket.com is publicly held, and currently has more than 150 business and co-marketing partnerships, including a number of leading portals and culinary sites. For additional information, visit the company’s Web site at www.gourmetmarket.com.

Statements about the Company’s future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are forward-looking statements. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Company’s actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.

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