REDE Redenvelope (MM)

RedEnvelope Announces New Vice President of Marketing SAN FRANCISCO, Jan. 10 /PRNewswire-FirstCall/ -- RedEnvelope, Inc. (NASDAQ:REDE), a premier multi-channel specialty gift retailer, announced today that Gary Korotzer has been named Vice President of Marketing for the company, directing all of the company's marketing efforts, which include online and offline channels, as well as managing corporate sales. Mr. Korotzer comes to RedEnvelope from Charles Schwab and Company where he most recently served as Senior Vice President, Mass Affluent Marketing, and was responsible for customer acquisition, cross-sell and retention, loyalty program development, new product development, direct marketing and online marketing. Before joining Schwab in 1997, Mr. Korotzer held executive and strategic marketing positions at American Express and Qwest Communications, among other companies. He brings over 15 years of marketing experience in the financial and telecommunications industries. "We are thrilled to have Gary join our talented staff of industry experts," said Alison May, President and Chief Executive Officer. "His extensive background in direct marketing will be a tremendous asset to RedEnvelope." About RedEnvelope, Inc. Whether a gift is a token of gratitude or a grand gesture of love, we consider its giving and receiving a cherished occasion in itself. In Asian traditions, gifts are often presented in a simple red envelope-a timeless symbol of love and appreciation. In the spirit of this tradition, gifts purchased from RedEnvelope are accompanied by a personalized message in a red envelope. We offer an extensive collection of imaginative, original gifts for every occasion, recipient and budget through our Web site and catalog, as well as customized corporate gift services. Several unique features help guide customers to the gift they want, including: GiftSearch, GiftReminder, ExpressGifts (guaranteed overnight delivery), online customer service, multiple addressing and an inventory system that tracks in real-time to ensure that every item featured on the site is available. Our goal is to make gift giving-no matter what the occasion-easy and fun. CONTACT: Susan Hook RedEnvelope, Inc. 415-512-6193 Jordan Goldstein Financial Dynamics 415-439-4520 DATASOURCE: RedEnvelope, Inc. CONTACT: Susan Hook of RedEnvelope, Inc., +1-415-512-6193, or ; or Jordan Goldstein of Financial Dynamics, +1-415-439-4520, or Web site: http://www.redenvelope.com/

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