Worcester, Mass., —October 23, 2001—Bulbs.com, the first company to offer an e-commerce platform specifically for the commercial light bulb market, today announced that it had closed a $1.5 million round of financing. The additional financing will allow the two-year old company to continue its acquisition of new commercial clients in the hospitality, retail, property management, manufacturing and healthcare sectors.

The private financing was shared by venture capital investors including Arbor Partners , Hexagon Investments and Grand Haven. Donald Walker, Managing Director of Arbor Partners said, "Bulbs.com has a solid business model with two years of proven results. During the past two years the company has built an impressive customer base of over 4,200 commercial accounts and adds 200 new customers monthly."

Bulbs.com CEO Steve Rothschild said, "this is still a good time for dot-coms with proven business plans and technology to support the plan. Our customers use Bulbs.com because we provide them the right product, at the right price, at the right time with the ease and efficiency they want. Our decentralized corporate clients are assured that each of their locations will be serviced under the same terms every time they buy from Bulbs.com. As we start our third year we’ll maintain our focus on profitability, continued revenue growth and a successful exit strategy for the investors."

About Bulbs.com
Bulbs.com, headquartered in Worcester, Massachusetts is the only online lighting equipment supplier to offer an easy, complete purchasing process with the eSpec™ searchable database and BulbTrack™ smart reordering technology. Launched in August 1999, Bulbs.com celebrated its two-year anniversary with record revenues. Strong supplier relationships have been developed with Philips Lighting Company, Advance Transformer and Gage Marketing Services Company, a leading packaging and logistics provider. The company is located at 40 Jackson Street, Worcester, Mass., 01608, and can be reached by telephone at 508-363-2800 or on the Web at www.bulbs.com.

About Arbor Partners
Arbor Partners is an Ann Arbor, Michigan-based venture capital firm that invests in companies focused on electronic commerce and Internet technologies. The firm was founded in 1996 by Rick Crandall, Dick Eidswick, Steve Swanson, and Don Walker. Additional information about Arbor Partners, may be obtained via the Web at www.arborpartners.com.