A. GENERAL

ValueVision Media, Inc., together with its subsidiaries (the "Company"), is an integrated direct marketing company that markets, sells and distributes its products directly to consumers through various forms of electronic media and direct-to-consumer mailings. The Company's operating strategy incorporates television home shopping, Internet e-commerce, vendor programming sales, fulfillment services and outsourced e-commerce and fulfillment solutions. The Company's principal electronic media activity is its television home shopping business, which uses on-air spokespersons to market brand name merchandise and proprietary/private label consumer products at...