Bluefly, Inc (Nasdaq SmallCap:BFLY), a leading online outlet for designer fashions and home furnishings ( www.bluefly.com ), announced today that it raised $3 million last week as part of the March 2000 financing commitment provided by affiliates of Soros Private Equity Partners. Pursuant to the commitment, the Soros organization has agreed to provide Bluefly with up to $15 million of financing at any time during 2000 on terms reflecting market rates at the time that Bluefly draws down on such financing.

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