From:                     Kendra Smith

Sent:                      Monday, January 24, 2000 10:50 PM

To:                         M?crosöft Research Tech Talk, Sem. Notice

Cc:                         Kendra Smith

Subject:                 UW-PEI: 1-27-00: High-Tech Entrepreneurship--DRUGSTORE.COM

UW-PEI: 1-27-00: High-Tech Entrepreneurship--DRUGSTORE.COM

 

DRUGSTORE.COM

Peter Neupert, president and CEO

 

Northwest entrepreneurs--and their ability to put together innovative,

technology-intensive start-ups--have sparked amazing changes in your

world. The Program in Entrepreneurship and Innovation's High-Tech

Entrepreneurship Speaker Series is presenting the second speaker of Winter

Quarter this Thursday evening:  Peter Neupert, the president and CEO of

drugstore.com.  If you're interested in learning about a company whose stock

tripled on the first day of its IPO, come listen!

 

Firm:  Drugstore.com

 

Speaker:  PETER NEUPERT, president and CEO, drugstore.com

(www.drugstore.com).

 

Date/Time:  Thursday, January 27, at 6:30pm.  Reception following.

 

Place:  Seafirst Executive Education Center, Boeing Auditorium

 

Drugstore.com was incorporated in April 1998 and now has 245 full-time

employees.  The Bellevue-based firm had a successful IPO on July 28, 1999

and, since that time, has added 260,000 new customers by building leadership

in the marketplace. Drugstore.com has created strategic alliances with

RiteAid, PCS, GNC, NBC and the Discovery Channel.  The NBC partnership is

the first cross-media and cross-network deal of its kind.  Just this month,

drugstore.com announced that it will also acquire Beauty.com, which will run

as a sister site, providing customers with hundreds of prestigious cosmetics

and fragrance brands.  Other advances for the company lately have been the

promotion of  a new COO,  the addition of new products and information, and

the construction on a new wholly-owned 270,000-square-feet distribution

center in Bridgeport, New Jersey that will increase customer service and

reduce shipping time.

 

Peter Neupert, director, president, and CEO of drugstore.com, received a BA

from Colorado College and an MBA from the Amos Tuck School of Business at

Dartmouth College.  As an 11-year veteran of M?crosöft, he was the firm's

vice president of news and publishing for interactive media.  Noted for his

drive for success,  Neupert led drugstore.com to a successful IPO  less than

a year after joining the company in July 1998.

 

We look forward to seeing you this Thursday.

 

The High-Tech Entrepreneurship Speaker Series is made possible, in part,

by grants and funding from the Herbert B. Jones Foundation and the

Washington Research Foundation, with support from the UW Business School

and the Department of Computer Science and Engineering.

 

For more information about the High-Tech series, call the Program in

Entrepreneurship and Innovation at (206) 685-9868 or visit our Web site at

http://depts.washington.edu/uwpei.