eMarketplace Retains U.S. Bancorp Piper Jaffray as Financial Advisor
Alex Daly Appointed to Board of eMarketplace and Full Moon Interactive
SAN JOSE, Calif.--(BUSINESS WIRE)--March 28, 2000--eMarketplace Inc. (OTCBB:EMKT - news), an Internet holding company engaged in the development and operation of a network of Internet companies, announced today that it has retained U.S. Bancorp Piper Jaffray as its exclusive financial advisor. U.S. Bancorp Piper Jaffray has agreed to provide eMarketplace with financial advisory services, which may include assisting the Company in its capital raising activities.
``The relationship with U.S. Bancorp Piper Jaffray represents a significant opportunity for the Company. With the engagement of Piper Jaffray, we have retained a financial advisor with an impeccable reputation for advising and funding Internet companies. We expect Piper Jaffray to provide us with valuable guidance and expose us to unique opportunities. Although we have had the benefit of Mitch Stevko, Managing Director of e-Commerce at Piper Jaffray, as a Board member since February 2000, we now look forward to utilizing the collective expertise and talent of his entire team at Piper Jaffray,' noted Robert M. Wallace, Chairman and Chief Executive Officer of eMarketplace.
Appointment of Alex Daly to the Boards of eMarketplace and Full
Moon Interactive
Separately, the Company announced the appointment of Alex Daly to the Board of Directors of the Company and its subsidiary, Full Moon Interactive, Inc. (formerly, TopTeam, Inc.). Mr. Daly had previously served as the Chairman and Chief Executive Officer of Cygnus Solutions, an open source software company until its recent acquisition by Red Hat, Inc. (Nasdaq:RHAT - news). Currently, Mr. Daly is developing a ``business incubator' focused on the development of open source software.
``We are delighted to have Alex join these Boards,' stated Robert Wallace. ``Alex is a highly accomplished and respected executive in Silicon Valley who brings a wealth of experience in identifying and capitalizing on opportunities for technology businesses.'
About eMarketplace
eMarketplace, Inc. is a holding company that acquires and develops Internet companies that aggregate affinity audiences within electronic, or ``e' marketplaces.
About Full Moon Interactive
Full Moon Interactive, Inc., a subsidiary of eMarketplace, is an Internet professional services company, referred to as an ``Interactive Integrator' or ``Interactive Architect' that assists companies in designing, developing and deploying e-businesses.
Safe Harbor Statement
Investors should carefully consider the preceding information as well as other information contained in this news release before making an investment in the Company's common stock. All statements in this news release other than statements of historical fact are forward-looking statements that involve substantial risks and uncertainties. Reference is made to the Company's Annual Report on Form 10-KSB for the year ended June 30, 1999, and to the Company's other reports filed with the Securities and Exchange Commission for a discussion of such risks and uncertainties and other factors that may have material effect on the Company's business. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
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Contact:
eMarketplace, Inc.
Brian Burns, 408/295-6500, ext. 254 |
