HOMERUNS.COM RUNS OUT OF MONEY

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(July 13, 2001) -- HomeRuns.com becomes the second Internet-based grocery delivery company to close its doors this week.

The company, which had operated the service in Boston and Washington, D.C., and was founded in 1996, ran out of funds.

On July 9, WebVan, which had operated in seven markets, folded, having burned through $830 million in cash. -- Catharine P. Taylor

Copyright July 2001, Crain Communications Inc.

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