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THE TRUTH ABOUT ONLINE SALES TAXES PRESS CONFERENCE; New Study Shows Mandatory Collection Would Not Produce Pot of Gold for States As Previously Reported

WHO: Representatives from the online industry, bricks-and-clicks retailers and catalog companies will be on hand to announce the release of a groundbreaking new analysis, based on independent government data, demonstrating the real amount of potential tax losses - correcting existing wildly overstated projections. Representatives from the following companies are scheduled to appear:

    • The Direct Marketing Association
    • Ebay, Inc.
    • Federated Department Stores, Inc.
    • Plow & Hearth, Inc.
    • McFeely’s Catalog

WHEN: Thursday, March 13, 2003 at 9:30 AM ET.

(Media Set Up Available starting at 9:00 AM ET)

WHERE: National Press Club – Holeman Lounge

529 14th Street, NW, Washington, DC 20045

HIGHLIGHTS: New Study to be released shows current calculations of uncollected sales taxes vastly lower than previously reported – potentially leading to Congressional policy decisions that could be misguided.

Discussion of potential to hold hostage the passage this year of legislation to extend the current moratorium on the taxing of Internet access.

INFORMATION: New study will be released at press conference and will be available online after the conclusion of the press conference.

A limited number of media outlets can participate via teleconference from 9:30 AM ET until 10:30 AM ET by calling 1-888-882-NEWS from within the United States and +1-202-772-0065 from international sites.

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