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  September 5, 2001
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Home > Company Index > Diversified Services > Personal Services > iParty Corp.

iParty Corp.
AMEX: IPT
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 NEWS FROM THE STANDARD
The Real World
Aug 21 2000 12:00 AM PDT

 PROFILE
What do you get when you cross a plugged-in money man with TV's most ubiquitous florist? One rollicking party -- perhaps. iParty is a little firm founded by bigwigs: former Salomon Smith Barney executive Bob Lessin, Jim McCann of 1-800-Flowers, and LBO specialist Byron Hero. It aims to become a one-stop Web shop for party-related information and services, with traditional retail on the side (it bought 33 stores from the bankrupt The Big Party chain). Web site orders are fulfilled by strategic partners such as direct marketer Taymark, which controls nearly 20% of iparty. A reverse merger with WSI Acquisitions in 1998 turned iParty into a publicly traded company. iParty LLC (78% owned by Lessin) owns 47% of the firm.

 COMPETITION
CelebrateExpress.com, Inc. (dossier)
Hallmark Cards, Inc. (dossier)
Party City Corporation (PCTY)

 DEALS
Deal: IParty Buys Big Party
Date Announced: 08.08.00
Value of transaction (US $Mil): 0
Description: Party-goods retailer buys bankrupt company's brick-and-mortar stores.

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 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 18.60
1-Yr. Sales Growth: 18,500.0%
Employees: 708
Revenue per employee: $26,271.19

 KEY PEOPLE
• Sal Perisano
    CEO
• Patrick Farrell
    CFO

 CONTACT INFO
1457 VFW Pkwy.
Boston, MA 02132
US
Phone: 617-323-0822
Fax: 617-323-5073
Online: Web Site

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