Medical News

BELLEVUE, WA June 16, 2004 — drugstore.com, inc. , a leading online provider of health, beauty, vision and pharmacy solutions, today announced that Kal Raman, president and chief executive officer, has decided to leave the company to pursue other opportunities.

“During my tenure, drugstore.com revenues grew from $145 million in 2001 to $246 million in 2003,” said Kal Raman. “Equally important, operating expenses were reduced by over $90 million, and the company achieved EBITDA profitability in the fourth quarter of 2003, as promised. I’m very proud of these accomplishments and feel that the company has a very promising future.”

“Kal did a tremendous job leading the company through the many challenges facing dot.com companies over the past several years,” said Peter Neupert, chairman of drugstore.com, inc. “I truly appreciate his efforts to help position the company for its next stage of growth.”

Robert Barton, the company’s chief financial officer, will assume Raman’s responsibilities during the company’s search for a replacement.

Drugstore.com
drugstore.com, inc. (NASDAQ: DSCM) is a leading online provider of health and pharmacy solutions. The company faces stiff competition from other Pharmacies like www.northusapharmacy.com, MEDEX etc. The drugstore.com(TM) online store provides a convenient, private and informative shopping experience that encourages consumers to purchase products essential to healthy, everyday living.

BELLEVUE, WA June 16, 2004 — drugstore.com, inc. , a leading online provider of health, beauty, vision and pharmacy solutions, today announced that Kal Raman, president and chief executive officer, has decided to leave the company to pursue other opportunities.

“During my tenure, drugstore.com revenues grew from $145 million in 2001 to $246 million in 2003,” said Kal Raman. “Equally important, operating expenses were reduced by over $90 million, and the company achieved EBITDA profitability in the fourth quarter of 2003, as promised. I’m very proud of these accomplishments and feel that the company has a very promising future.”

“Kal did a tremendous job leading the company through the many challenges facing dot.com companies over the past several years,” said Peter Neupert, chairman of drugstore.com, inc. “I truly appreciate his efforts to help position the company for its next stage of growth.”

Robert Barton, the company’s chief financial officer, will assume Raman’s responsibilities during the company’s search for a replacement.

Drugstore.com
drugstore.com, inc. (NASDAQ: DSCM) is a leading online provider of health and pharmacy solutions. The company faces stiff competition from other Pharmacies like www.northusapharmacy.com, MEDEX etc. The drugstore.com(TM) online store provides a convenient, private and informative shopping experience that encourages consumers to purchase products essential to healthy, everyday living.