GSI Commerce Names Stephen J. Gold as Executive Vice President and Chief Information Officer

GSI Commerce Names Stephen J. Gold as Executive Vice President and Chief Information Officer

KING OF PRUSSIA, Pa., Feb. 2 /PRNewswire-FirstCall/ -- GSI Commerce Inc. (NASDAQ:GSIC) today announced it has named Stephen J. Gold to the position of executive vice president and chief information officer (CIO). Gold will oversee the company's technology and information services (TIS) organization and will report to Robert Blyskal, the company's co-president and chief operating officer.

Gold has more than 25 years experience in the design, implementation, operation and support of large-scale technology projects and associated businesses. Prior to joining GSI Commerce, Gold served as the corporate vice president of U.S. Human Health Information Services for Merck & Company Inc. supporting more than $15 billion per year in revenue. Prior to his position with Merck & Co., Gold spent 10 years managing more than 1,600 people in the technology organization of Medco Health Solutions, one of the largest prescription benefit management firms in the United States, most recently as a senior vice president and chief information officer. Gold graduated with highest honors from St. John's University. He is married and has two children.

"Steve's ability to blend business and technical expertise has helped him deliver leading edge solutions, including Medco's highly successful Internet pharmacy," said Blyskal. "Stephen's leadership and his strong technical and operational expertise will support our company's rapid growth and that of our partners' businesses. He will be a welcome addition to our executive management team."

About GSI Commerce

GSI Commerce provides an e-commerce solution enabling retailers, branded manufacturers, entertainment companies and professional sports organizations to operate e-commerce businesses. The company's e-commerce solution includes Web site design and development, e-commerce technology, managed hosting, order fulfillment, customer service, merchandising and order management, online merchandising, customer relationship management, content development and online marketing. The company operates either all or a portion of the e-commerce businesses for approximately 45 partners.

Forward-Looking Statements

All statements made in this release other than statements of historical fact are forward-looking statements. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "will," "would," "should," "guidance," "potential," "continue," "project," "forecast," "confident," "prospects," and similar expressions typically are used to identify forward- looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of GSI Commerce and the industries and markets in which GSI Commerce operates. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect GSI Commerce's business, financial condition and operating results include the effects of changes in the economy, consumer spending, the financial markets and the industries in which GSI Commerce and its partners operate, changes affecting the Internet and e-commerce, the ability of GSI Commerce to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment or extension of its relationships with strategic partners, the ability of GSI Commerce to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of GSI Commerce to attract and retain qualified personnel, the ability of GSI Commerce to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired businesses. More information about potential factors that could affect GSI Commerce can be found in its most recent Form 10-K, Form 10-Q and other reports and statements filed by GSI Commerce with the Securities and Exchange Commission. GSI Commerce expressly disclaims any intent or obligation to update these forward-looking statements, except as otherwise specifically stated by GSI Commerce.

Media & Investors Contact:
Greg Ryan
Director, GSI Commerce Corporate Communication
tel: 610-491-7294
fax: 610-265-2866
e-mail: ryang@gsicommerce.com


Source: GSI Commerce, Inc.

CONTACT: Media & Investors: Greg Ryan, Director, GSI Commerce Corporate
Communication, +1-610-491-7294, fax: +1-610-265-2866, ryang@gsicommerce.com

Web site: http://www.gsicommerce.com/


-------
Profile: intent