Article: Sears, Bob Vila to Form Online Joint Venture to Create Definitive Home Improvement Site.

Plans Also Include Delivering Streaming Video and Animation Through Emerging

Broadband Technology

HOFFMAN ESTATES, Ill., and MARSTONS MILLS, Mass., March 3 /PRNewswire/ --

Sears, Roebuck and Co. (NYSE: S) and home improvement guru Bob Vila announced today they will create an online joint venture, called BobVila.com, to develop America's leading site for home improvement solutions. The new BobVila.com web site, which initially will be majority owned by Sears, is expected to be operational in the third quarter of this year.

The new online company intends to leverage the assets and expertise of Bob Vila and Sears, while pursuing other ...

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