CircuitCity.com To Relaunch Within Days

RICHMOND, Va. (AP) — The company that bought bankrupt Circuit City's brand and e-commerce business is planning to relaunch CircuitCity.com in the next few days, according to a posting on the new front page of the Web site updated on Wednesday.

New York-based Systemax Inc. purchased Circuit City's intellectual property assets earlier this month for $14 million and agreed to pay the Richmond-based company at least $3 million from the revenue the assets generate over 30 months.

Systemax is the same company that purchased electronics retailer CompUSA's intellectual property when it closed in 2008.

The new Circuit City site will feature lower prices, a wider selection, faster shipping and better customer service, according a letter from Gilbert Fiorentino, chief executive of Systemax's technology products group.

Systemax manufactures and sells consumer electronics online, by direct mail and in retail stores under the TigerDirect and CompUSA brands.