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HSN'S Joy Mangano Acheives Milestone With Sale Of 100,000,000th Huggable Hanger

Sunday, July 30, 2006 - 19:37

Electronic retailer HSN, an operating business of IAC/InterActiveCorp (NASDAQ: IACI), and successful inventor and entrepreneur Joy Mangano achieved a major milestone on Sunday, July 30 when Tracey Storey from Springfield, TN purchased the 100,000,000th huggable hanger sold on the popular shopping network. Not long after its introduction on HSN in 2000, the lightweight, ultra-slim hanger quickly became a bestseller on HSN and HSN.com and has gone on to become the best-selling item in the history of the global retailer.

(Photo: http://www.newscom.com/cgi-bin/prnh/20060731/FLM015 )

As an extra bonus for purchasing the 100,000,000th hanger, Ms. Storey will receive a vast array of Joy Mangano household products for her entire home, ranging from Comfort & Joy bedding systems to problem-solving products like the My Little Steamer clothes steamer and the Sonic Jewelry Cleaner. She is just one of the many viewers from every state of the union who purchased the hangers throughout the day and called in to congratulate Joy and share in the special live celebration.

"I am so thrilled and proud to have reached this milestone," said Mangano. "Huggable Hangers have really made a difference in people's homes, and that means so much to me. And congratulations to Tracey -- it was an exciting night for us both!"

"Joy epitomizes the creative, entrepreneurial spirit that thrives here at HSN and we are proud of her latest accomplishment," states Rob Gruen, Executive Vice President of Merchandising for HSN. "Her ability to take something as common as an everyday clothes hanger ... see a need for one that saves space and doesn't let clothes slide off ... and then create a solution that sells over one hundred million units is an amazing talent."

HSN's Mother of Invention, Joy Mangano, made her HSN debut in 2000 and has revolutionized the home solutions industry with groundbreaking new inventions like the Miracle Mop, the Jewel Kit, the Piatto Bakery Box, the Clothes It All luggage system and the Handy Hook Mirror. Known for her ability to re-invent household products to improve functionality and ease of use, she designed the Huggable Hanger with gentle curves and a velvety surface that keeps clothes neat and doubles closet space.

Joy started as a single mom of three children struggling to pay the bills and make her life easier. Now she is a role model to inventors and women proving that a good idea, perseverance and the right merchandising platform does pay off.

About HSN:

HSN, an operating business of IAC/InterActiveCorp (NASDAQ: IACI), originated the electronic retailing concept in 1977 and has since evolved into a global multichannel retailing giant, offering thousands of unique products in fashion, beauty, home, jewelry and electronics. Customers who shop on HSN can find name brands such as Sony, Kodak, Gateway Computers, the Todd English Collection for the home, and Esteban, the guitar virtuoso, as well as fashions from Randolph Duke, Nine West and Beverly Feldman. HSN's product offerings can be found across a number of retailing platforms including TV, where HSN reaches 89 million U.S. households and is now the 4th largest cable television network in the U.S.; the Internet, through its easy-to-use Web site, http://www.hsn.com/ ; and catalogs, with its Cornerstone Brands portfolio of titles including Alsto's, Ballard Designs, Frontgate, Garnet Hill, Improvements, IOS, Smith and Noble, The Territory Ahead and TravelSmith. In 2005, HSN generated worldwide consolidated sales of $3 billion, answered 62 million calls and delivered 60 million products worldwide.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20060731/FLM015
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: HSN

CONTACT: Lisa Zupko, +1-727-872-5718, or Lisa.Zupko@HSN.net, or Brad
Bohnert, +1-727-872-7515, or Brad.Bohnert@HSN.net, both of HSN

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

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