Hanover Direct Subsiadary, Keystone Internet Services Signs Multi-Year Agreement With Camdens, Inc.

WEEHAWKEN, NJ – June 27, 2000 – Hanover Direct, Inc. (AMEX: HNV) announced today that Camdens, Inc. (http://www.camdens.com) has entered into a contractual agreement with Keystone Internet Services, the Company’s e-commerce services provider. Keystone will provide merchandise fulfillment services for Camdens, the leading business-to-business Company delivering end-to-end executive gift, reward, recognition and incentive solutions.

Under the terms of the agreement, Keystone will provide merchandise fulfillment services including receiving and warehousing of product; picking, packing, processing and shipping; and special processing/handling programs. Camdens will become a premier tenant in Keystone’s 700,000 square-foot state-of-the-art warehouse facility in Maumelle, Arkansas.

In addition to providing distinctive, often customized merchandise, Camdens offers online gift giving program administration tools as well as highly personalized account management services. Additional services include email notification and delivery as well as Recipient's Choice^™ technology, a feature pioneered by Camdens which enables Recipients to select a gift from a virtual gift basket created by the Sender.

"The addition of Camdens to Keystone’s client roster demonstrates our ability to deliver the 'white-glove' fulfillment services expected by the corporate customer," stated Rakesh K. Kaul, President and Chief Executive Officer of Hanover Direct, Inc. "We look forward to extending our core fulfillment competencies in the consumer market into the business-to-business space," added Frank DiMaria, President of Keystone Internet Services.

Fred Reffsin, Camdens CEO, stated; "Keystone’s expertise in handling high end merchandise as well as their ability to provide the necessary high-touch services for our customers made them the logical choice as our fulfillment partner. In addition, they will provide our business additional flexibility, scalability, reliability and service."

Keystone provides full service solutions to both online and offline organizations. On the 'front-end' Keystone delivers logistical services required by e-commerce companies such as telemarketing, order processing, credit card transaction processing, customer database management and systems programming and interface support. On the 'back-end' it offers a comprehensive range of services including fulfillment, order management, inventory management, and facility management. Through its association with the Hanover Direct portfolio of catalogs and associated web sites, as well as a growing roster of third-party clients, Keystone has obtained expertise in a broad range of product categories such as home fashions, home improvements, men’s and women’s apparel, and gifts. In addition to Camdens, its customer list includes: eZiba.com, Oxygen Media, Fogdog Sports, The National Geographic Society, United Retail Group, Mercata.com, KBkids.com and The Dress Barn, Inc.

About Hanover Direct, Inc.
Hanover Direct, Inc. (AMEX: HNV) and its business units provide quality, branded merchandise through a portfolio of catalogs and e-commerce platforms to consumers, as well as a comprehensive range of Internet, e-commerce, and fulfillment services to businesses. Hanover Brands, Inc. is comprised of the Company’s catalog and e-commerce web site portfolio of home fashions, apparel, general merchandise and gift brands, including Domestications, The Company Store, Turiya, Domestications Kitchen & Garden, Kitchen & Home, Encore, Improvements, Silhouettes International Male, Undergear, and Gump’s By Mail. Hanover Direct is the exclusive distributor of the Compagnie de la Chine brand in North America; the Company owns Gump’s, a retail store based in San Francisco; and the Company has a majority equity stake in Always In Style®. Each brand can be accessed on the Internet individually by name. erizon, Inc. is comprised of Keystone Internet Services, Inc. (www.keystoneinternet.com), the Company’s third party, end-to-end, fulfillment, logistics and e-care provider, and Desius, LLC, the Company’s joint venture with RS Software India, Ltd., offering 24/7-web shop services and e-commerce systems development. The erizon subsidiary also services the logistical, IT and fulfillment needs of the Hanover Brands subsidiary. Information on Hanover Direct, including each of its subsidiaries, can be accessed on the Internet at www.hanoverdirect.com.

About Camdens, Inc.
Camdens is the leading e-commerce and services company delivering end-to-end executive gift, reward, recognition and incentive solutions to Fortune 5000 companies. The Company combines a business-to-business focus and innovative technology with a strong commitment to outstanding merchandise and customer service. The result is a highly customized, efficient and scalable enterprise solution that enables corporations to manage and control all of their corporate gifting through a single point of contact. In addition to simplifying and unifying corporate gift procurement, Camdens gives corporate customers a multitude of back end reporting features that help deliver discipline and control to the corporate gift process.

Camdens launched its service in September 1999. The company is headquartered in White Plains, NY.

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