When combined with its other
food gift offerings, the Company said the acquisition will increase
its annual revenues in the fast growing Food, Wine and Gift Basket
category to more than $100 million.

About 1-800-FLOWERS.
Including a one-time charge to operating expenses of $2.
The Company also reported today a 21% increase to orders booked in the
two-week period leading up to Mother's Day.

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COM, Inc.com).15 million when the
settlement agreement was executed, including the release of a $150,000
security deposit previously held by the landlord, and the Company will pay the
landlord an additional $1.
General and administrative expenses for the third quarter increased to
$4.8% in the same period last year.

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These
statements involve risks and uncertainties that could cause actual
results to differ materially from those expressed or implied in the
applicable statements. For a more detailed description of these and other
risk factors, please refer to the Company's SEC filings including the
Company's Annual Report on Form 10-K and Quarterly Reports on Form
10-Q. The BearGram segment revenues increased
by $2.2 million of one-time expense related to the settlement of the New York
lease dispute and $213,000 in related legal fees.

The PajamaGram Company is a gift delivery service where customers can
pamper their loved ones by sending pajamas and spa products in luxurious
packaging by calling 1-800-GIVE-PJS or shopping at http://www .

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Under the terms of the
settlement, the Company paid its former landlord $1.0 million while Calyx + Corolla increased $2.5 million for the same quarter last year as the Company increased its
advertising expenses primarily for the BearGram and PajamaGram segments in the
quarter.

The foregoing can be interpreted as including forward-looking statements
under the Private Securities Litigation Reform Act of 1995.

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(NASDAQ: FLWS), the leading florist and
retailer of thoughtful gifts for all occasions, today announced the
closing of its acquisition of Cheryl + Co., Inc.0 million of increased revenue
contributed by the PajamaGram gift segment and $2.32 per diluted share for the
quarter ended March 31 versus $.22 per diluted share for the same quarter last
year.

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----

Acquisition Will Increase Company's Annual Revenues in the Fast
Growing Food, Wine and Gift Basket Category to More Than $100 Million

1-800-FLOWERS.

In 1981, equipped with an old-fashioned cookie recipe passed down
from her grandmother, a degree in business and home economics and
high-profile business experience, Cheryl Krueger started Cheryl's
Cookies, a single store cookie company that has evolved into the
multimillion dollar corporation it is today.COM 24 hours a day, 7 days a week via the phone
or Internet (1-800-356-9377 or http://www. The increases to net revenues in the quarter were offset by
decreases in Corporate Wholesale, Retail and the TastyGram gift segment. The settlement of this dispute, ongoing since December 1998, puts a
long-standing litigation finally behind us.

This settlement expense is a one
time charge that will not affect the future profitability of our Company.VermontTeddyBear. Actual future
results may differ materially from those suggested by the statements above.

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- "Your Florist of
Choice(sm)" - has been providing customers across the nation with the
freshest flowers and finest selection of plants, gift baskets, gourmet
foods and confections , and plush stuffed animals perfect for every
occasion. The 1-800-FLOWERS.plowandhearth.com); children 's gifts from HearthSong(R)
(http://www.05 per diluted common
share, as compared to $1,571,000 , or $.

The TastyGram Company specializes in the delivery of creatively packaged,
deliciously presented gourmet foods and sweets by calling
1-800-82-TASTY or shopping at http://www.

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greatfood . The increase is due primarily to the revenues associated with
continued growth in the Company's PajamaGram gift segment of $5.

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Business Editors/Gift Guide Writers

WESTBURY, N.
The Vermont Teddy Bear Company's ability to offer consumers personalized
last minute gifts continues to set the Company apart from competitors.5% in
the same quarter last year. Each Bear-Gram gift includes a customized Vermont Teddy Bear
accompanied by a personal greeting card and candy treat , all packaged in a
colorful gift box with an air hole.

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1-800-FLOWERS.COM Closes Acquisition of Cheryl + Co. a Leading Multi-Channel Retailer of Cookies and Other Baked Gifts

was named one of
the country's "Top 500 Women-Owned Businesses" for the last four
consecutive years. Customers
can shop 1-800-FLOWERS.com) or by
visiting a Company-operated or franchised store.com) and wine gifts from the WineTasting
Network(R) (www.22 per diluted
share, for the same quarter last year.7 million from $11.
Marketing and selling expenses increased to $8.

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The acquisition was completed on Monday , March 28, 2005 after a
final vote of Cheryl + Co.4% as
compared to net revenues of $20. Increased shipping and related fuel
costs affected the gross margin as a percentage of net revenues in all gift
segments.com.

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1800flowers. Gift advisors are
available 24/7, and fast and reliable delivery is offered same day,
any day. As always, 100 percent satisfaction and freshness is
guaranteed .0 million of increased
revenue in the BearGram gift segment and $680,000 of increased revenue in the
Calyx + Corolla gift segment as the result of a successful Valentine's Day
selling season . In March of 2005, the Company
continued its settlement discussions with the Company and on April 27, 2005,
the Company entered into final settlement of its litigation relating to a
former lease for retail space in New York City.4% to $47.2 million related to the settlement of the
New York lease dispute, the Company reported net income available to common
stockholders in the first nine months of $256,000, or .
Consolidated gross margin in the three months ended March 31, 2005
increased to approximately $14.2% last year.8 million in the same period last year, including the
$2.com

Calyx + Corolla delivers premium direct-from-the-grower floral gifts
through its catalog, by phone at 1-800-800-7788 or online at
http://www.

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Cheryl + Co. offers a wide array of gourmet
desserts including award-winning cookies, brownies and cheesecakes,
all in distinctive gift packaging.COM Inc.COM(R) offers the best of both worlds:
exquisite, florist-designed arrangements individually created by some
of the nation's top floral artists and hand-delivered the same day,
and spectacular flowers shipped Fresh From Our Growers(sm). stock is traded on the NASDAQ market under
ticker symbol FLWS. These risks and uncertainties include, but are
not limited to: the Company's ability to grow its revenues; its
ability to integrate and profitably grow the businesses of Cheryl +
Co., The Vermont Teddy Bear
Company(R) (Nasdaq: BEAR) today reported net revenues for the three months
ended March 31, 2005 of $25. The New
York lease dispute settlement represents 8.4% of net revenues.

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COM , Inc., and its other acquired companies; its ability to maintain and
enhance its online shopping web sites to attract customers; its
ability to provide timely fulfillment of customer orders; its ability
to cost effectively acquire and retain customers; its ability to
compete against existing and new competitors; its ability to cost
efficiently manage inventories; its ability to leverage its operating
infrastructure and general consumer sentiment and economic conditions
that may affect levels of discretionary customer purchases of the
Company's products.

Vermont Teddy Bear Co.(R) Reports Q3 Earnings: Mother's Day orders increase by 21%

SHELBURNE, Vt.5 million in the same period
last year.2 million in
the nine months ended March 31, 2005. The increase in Calyx + Corolla
revenues is partially attributed to the fact that the Company realized
revenues for Calyx + Corolla during the entire nine months period ending March
31, 2005, whereas during the same nine months period in the prior year, the
Company realized Calyx + Corolla revenues only in the seven months of that
period that followed the Company's acquisition of Calyx + Corolla on August
29, 2003. In the third quarter , the gross margin dollar contribution
from the BearGram and PajamaGram segments resulted in higher margins due to
increased revenues.5% from 59.8% from 8.TastyGram.

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Cheryl + Co. Orders are placed by calling 1-800-829-
BEAR or by shopping at http://www.PajamaGram.

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Marketing and selling costs as a percentage of net revenues, however,
decreased to 34.

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, a Westerville,
Ohio-based manufacturer and seller of cookies and related baked gift
items. As President and Chief
Executive Officer, Cheryl continues to lead the company's operations,
management, product development and marketing . In 1988, the company's
growth inevitably led to the changing of its name to Cheryl + Co. The company has a direct marketing
division including a fast-growing e-commerce business and catalogue
marketing operations, a retail division and a Business Gift Services
division which offers gifts to corporations that in turn use them as
employee incentives and client gifts.com); gourmet foods from GreatFood .
1-800-FLOWERS.
After the one-time charge of $2. The Company received
approximately 134 ,000 orders for its BearGram, PajamaGram, TastyGram and Calyx
+ Corolla gift products, as compared to approximately 111,000 orders taken in
the same two-week period last year.
The Company also received approximately 2% fewer Calyx + Corolla orders and 9%
fewer TastyGram orders for Mother's Day this year as compared to last.7 million for the quarter
from $7.

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shareholders.

About Cheryl + Co.winetasting.

Special Note Regarding Forward-Looking Statements:

A number of statements contained in this press release, other than
statements of historical fact, are forward-looking within the meaning
of the Private Securities Litigation Reform Act of 1995. The increases were offset by decreases in Corporate Wholesale and
Retail. Gross margin as a percentage of net revenues decreased to
approximately 57.com.

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to
reflect the diverse product development of gourmet-baked goods and
specialty gift items.2 million related
to the settlement of the New York lease dispute incurred in the quarter ended
March 31, 2005, net income available to common stockholders for this third
quarter was $221,000, or $.8 million from $38.9 million in the comparable
period last year.com.

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com); premium popcorn and
specialty treats from The Popcorn Factory(R) (1-800-541-2676 or
http://www.com(R)
(http://www.magiccabin.1 million reported for the three months ended
March 31, 2004. The increase to net revenues of approximately $5. General and administrative
expenses increased to 17.

A Vermont Teddy Bear Company Bear-Gram gift is a popular alternative to
sending flowers.

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Y.COM collection of brands also includes
home decor and garden merchandise from Plow + Hearth(R)
(1 -800-627-1712 or http://www.2 million on or before March 15, 2006, without
interest.1% percent in the third quarter of fiscal 2005 from 37.

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COM(R)

For more than 25 years, 1-800-FLOWERS. The Company expressly disclaims any intent or obligation to
update any of the forward looking statements made in this release, or
in any of its SEC filings, except as may be otherwise stated by the
Company .

"Earnings per share recomputed
without the one time charge would have been $. The additional 23,000 orders included
18,000 or 59% more PajamaGram orders and 6,000 or 15% more BearGram orders .

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In 1999 Cheryl was selected as "Entrepreneur of the
Year" by Working Women magazine.hearthsong.com ) and Magic Cabin(R)
(http://www.5 million in
the quarter is primarily attributable to $3.5 million and the TastyGram
segment increased $45,000 in the period.5 million from $1.calyxandcorolla.

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As stated in its March 11, 2005
press release, the Company expects the acquisition to be accretive to
its EPS and cash flow in fiscal 2006.thepopcornfactory.6 million, an increase of approximately 27.04 per diluted common share, as compared to net
income available to common stockholders of $1,389,000 or $.
BearGram orders that included teddy bear outfits personalized with embroidery
or artwork and personalized gift tags totaled approximately 33,000 in the two-
week period.

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1-800-FLOWERS.
"I am very pleased with the continued growth in revenues of our Company
and the improved profitability for the quarter before taking into account the
expense related to the New York lease dispute settlement ," said Vermont Teddy
Bear President and CEO Elisabeth Robert."
Revenues in the first nine months of the fiscal year increased
approximately 24.27 per diluted common share, for the
first nine months of last year.