Published: September 25, 2008
Statement of Fingerhut Direct Marketing, Inc.
MINNEAPOLIS, Sept. 25 /PRNewswire/ -- Fingerhut Direct Marketing, Inc., a
leading direct-to-consumer marketing company, today announced its business
operations continue as usual and are not affected by the investigation of
Petters Group Worldwide by law enforcement agencies.
Fingerhut is an independent, standalone company in which Petters Group
Worldwide is a passive minority stockholder. Petters Group has no involvement
in the day-to-day management of the company.
Fingerhut's financial strength is excellent, having recently completed a
new round of equity financing of more than $50 million of additional capital
from controlling investors Bain Capital and Battery Ventures.
Fingerhut Direct Marketing, Inc. is an online and catalog retailer of
general merchandise featuring more than 500 national brands and nearly 25,000
items. The Fingerhut brand has been in existence for more than 50 years and
has enhanced the lives of millions of customers through its commitment to high
quality merchandise, convenient and flexible credit terms and extraordinary
levels of customer service. FDM Inc. is headquartered inEden Prairie, Minn.
SOURCE Fingerhut Direct Marketing, Inc.
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