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July 28, 2004
GSI Commerce Reports Fiscal 2004 Second Quarter Operating Results

KING OF PRUSSIA, Pa., July 28, 2004 – GSI Commerce Inc. (Nasdaq: GSIC) today announced that for its second fiscal quarter ended July 3, 2004, the company increased its net revenues 28 percent to $64.7 million and reported a net loss of $3.1 million, or $0.08 per share, decreasing the company’s net loss by $631,000, or $0.02 per share, compared to last year’s second fiscal quarter.

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