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This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.

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For
more information about SmartBargains, Inc.

Odimo Incorporated Prices Initial Public Offering

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BOSTON , SmartBargains, Inc.
SmartBargains, Inc. In addition, the Company has granted to the
underwriters a 30-day option to purchase up to an additional 468,750
shares at the initial public offering price to cover over-allotments,
if any.
The offering was made through an underwriting syndicate led by
CIBC World Markets Corp.

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as co-managers.

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SmartBargains Inc. Withdraws Registration Statement for Initial Public Offering

About SmartBargains, Inc.

Business Editors

SUNRISE , Fla.

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All of the shares are being offered by Odimo Incorporated
(the "Company").
Odimo Incorporated is an online retailer of current season brand
name watches and luxury goods, high quality diamonds and fine jewelry.

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sjoseph@smartbargains.

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----Odimo Incorporated
(Nasdaq: ODMO) today announced the pricing of its initial public
offering of 3,125,000 shares of its common stock at a price of $9.

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is an online retailer of high quality, excess
merchandise offered at an average of 50 percent off everyday retail prices.

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Securities and Exchange Commission (SEC) related to an
initial public offering of shares of its common stock., as the bookrunner, and Oppenheimer + Co.

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Copies of the prospectus relating to this offering may be obtained
from CIBC World Markets Corp.

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The company sells thousands of brand name and high-quality products across a
variety of departments, ranging from home goods to apparel to electronics.

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, a leading online
retailer, today announced that it has filed to withdraw its registration
statement with the U. In making this
announcement, the Company cited its recent management changes, including the
appointment of an acting chief executive officer .

For more information, contact:
Stephen Joseph
SmartBargains, Inc., 300 Madison Avenue, New York, New York
10017, or by fax at (212) 667-6136, or by e-mail at
useprospectus@us .

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S., please visit
http://www.
Inc.

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com" are registered service marks of
SmartBargains. and Merriman Curran Ford + Co.
The Company sells brand name goods at discounts to suggested retail
prices, and diamonds and fine jewelry at competitive prices, and
features many of the branded items available in leading department and
specialty stores, as well as diamonds certified by the Gemological
Institute of America (GIA).