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Newegg Strongly Denies All Employment Lawsuit Claims

2/10/2010 Press Release

CITY OF INDUSTRY, Calif. - Newegg Inc., the second-largest online-only retailer in the United States, today issued a statement regarding allegations made by two of its former employees and a former consultant in a complaint filed in Los Angeles Superior Court on February 8, 2010.

The Newegg statement, from the office of the company's General Counsel Lee Cheng, reads as follows:

"Newegg is aware of the allegations filed by two former employees and a former consultant in Los Angeles Superior Court on February 8, 2010. Newegg has always taken pride in the fairness of our labor and hiring practices and to ethical business practices toward our competitors, vendors and most of all, our valued customers. We have always been fully committed to compliance with all applicable laws and regulations. Accordingly, we strongly deny the assertions made by the individuals filing this lawsuit, and intend to defend ourselves vigorously and thoroughly against claims that have neither merit nor basis in fact."

About Newegg.com

Newegg Inc. is the second-largest online-only 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 12 million registered users and offers customers a comprehensive selection of the latest high-tech 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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