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Newegg Appoints New Senior Vice President and Chief Financial Officer

4/23/2012 Press Release

--Harry Amsden Joins Newegg to Manage Ongoing Financial Growth--

CITY OF INDUSTRY, Calif., April 23, 2012 -- Newegg Inc., the leading electronics-focused e-retailer in the United States, today announced the appointment of Harry Amsden as senior vice president and chief financial officer of Newegg North America. As a seasoned financial executive with 30 years of experience, Amsden will help develop Newegg’s overall corporate strategy and oversee all of the company’s financial operations.

“We are pleased to have Harry join Newegg’s senior executive team,” said Bob Bellack, CEO of Newegg North America. “Harry has a tremendous amount of experience managing and implementing programs that contribute to company profitability and improve efficiency. We are confident that Harry will be a great asset to the company as we continue to grow to meet the needs of our customers and vendor partners.”

Amsden has extensive experience in areas such as strategic and operational business analysis, financial planning, financial reporting and risk management. Prior to joining Newegg, Amsden held a variety of operational and financial management positions in the Tribune Company organization. As a senior vice president of financial operations, he was responsible for overseeing financial reporting and planning for a $2 billion revenue segment of Tribune Company.

Amsden’s previous positions at Tribune Company also included vice president of corporate compliance and risk management, assistant controller and director of financial reporting and planning. Prior to that, Amsden was the vice president of finance and administration at Everyday Learning, an educational publishing subsidiary of Tribune Company, and controller at the Orlando Sentinel, a Central Florida newspaper. He began his career as an auditor at Arthur Andersen.

“This is an exciting time to join Newegg as the information technology and consumer electronics retail industries continue to rapidly evolve,” said Amsden. “Newegg has already demonstrated an incredible amount of success in the competitive online retail space. I look forward to working with the Newegg leadership team to help drive the company’s growth even further.”

Amsden holds a bachelor of science in accounting from University of Illinois at Urbana-Champaign and is a certified public accountant.

About Newegg Inc.
Newegg Inc. is the leading electronics-focused e-retailer in the United States. It owns and operates Newegg.com (www.newegg.com) which was founded in 2001 and regularly earns industry-leading customer service ratings. The award-winning website has more than 18 million registered users and offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews. Using the site's online tech community, customers have the opportunity to interact with other computer, gaming and consumer electronics enthusiasts. Newegg Inc. is headquartered in City of Industry, California.



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