KANSAS CITY, Mo., June 30 /PRNewswire/ -- Payless Cashways, Inc.
(OTC Bulletin Board: PCSH), a full-line building materials and finishing
products company focusing on the professional builder, remodel and repair
contractor, institutional buyer and project-oriented consumer, today announced
it has entered an agreement with DIYonline.com, an Internet site designed for
the customer interested in designing their own projects. Through the
agreement, the companies will provide customers with online purchasing
capabilities for home improvement products.
DIYonline.com offers both consumers and contractors state-of-the-art,
online home project design software. Using the website, customers can custom
design decks, gazebos, underground sprinkler systems, kitchens, baths and
more. DIYonline.com provides customers with 3-D drawings of the project; easy
to follow, step-by-step instructions, a complete list of materials and local
retailers that carry the products.
Now, Payless Cashways will make project completion even easier by
providing customers with the ability to order the products they need online.
Upon receiving the materials list, customers can order quality material from
Payless Cashways for delivery directly to their home or jobsite. The
companies plan to begin testing this alliance in several Payless Cashways'
markets starting in July and will roll the program out to all of Payless
Cashways' markets after the initial piloting is complete.
Commenting on the agreement, Millard E. Barron, president and CEO of
Payless Cashways, Inc. said, "This alliance is the latest step we've taken to
increase our e-commerce presence, and we are pleased to be partnering with
DIYonline.com. Their convenient, easy-to-use services offer customers online
guidance through their entire home improvement project, and as our customers
increasingly turn to the Internet for information and purchasing options, we
will be there to offer them the services they need."
"Partnering with Payless Cashways Inc. is a natural next step for our
company. By leveraging each other's comparative advantages in both the online
and point of purchase markets for home improvement services and building
materials, both companies are now positioned to better serve customers," added
Michael H. Heisler, President and CEO of DIYonline.com. "This alliance
reaffirms our standing commitment to establishing our site as the premier
online resource offering customers the most complete home improvement project
experience from design through the materials fulfillment process."
Payless Cashways, Inc. operates 150 stores in 18 states located in the
Midwestern, Southwestern, Pacific Coast and Rocky Mountain areas. The stores
operate under the names Payless Cashways, Furrow, Lumberjack, Hugh M. Woods,
Knox Lumber and Contractor Supply.
Forward-Looking Statements
This paragraph is included in this release to comply with the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. There are
certain important factors that could cause results to differ materially from
those anticipated by the forward-looking statements made above. Investors are
cautioned that all forward-looking statements involve risk and uncertainty.
Among the factors that could cause different results are: competitor
activities, stability of customer demand, weather, stability of the sales
force, supplier support, consumer spending and debt levels, interest rates,
housing activity, lumber prices, product mix, growth of certain market
segments, an excess of retail space devoted to the sale of building materials
and the success of the Company's strategy. Additional information concerning
these and other factors is contained in the Company's SEC filings, which are
available by contacting the Company or on the Company's web site,
payless.cashways.com .
SOURCE Payless Cashways, Inc.
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Related links:
http://www.payless.cashways.com
CONTACT:
Betty Hilliard, Communications Specialist of
Payless Cashways, Inc., 816-347-6771; or Tom Settles, Director of
Marketing of DIYonline.com, 877-DIY-SALES
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