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Technology Stocks : Net Perceptions, Inc. (NETP)

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To: allen menglin chen who wrote (1908)11/12/1999 4:23:00 PM
From: MD Bryant  Read Replies (1) of 2908
 
Hot off the press just after close Friday:

Net Perceptions Founders Honored With Prestigious World Technology Award For Commerce
Personalization Pioneers Considered 'Global Leaders Who Most Contribute To The Advance of Emerging Technologies for the Benefit of Business and Society,

MINNEAPOLIS, Nov. 12 /PRNewswire/ -- Net Perceptions, Inc. (Nasdaq: NETP - news) today announced that three of the company's founders have received the first-ever World Technology Award for Commerce, held in association with The Economist magazine and sponsored by Booz-Allen & Hamilton.

Net Perceptions executives Brad Miller, vice president of product development; John Riedl, chief scientist; and Steven Snyder, president and CEO, received the award earlier today at a ceremony in London at the National Museum of Science & Industry. They were judged among the individual leaders worldwide who most contributed to the advance of emerging technologies for the benefit of business and society. In 1996, Miller, Riedl and Snyder, along with David Gardiner and Joe Konstan, founded Net Perceptions, the leader in supplying realtime personalization solutions that enable businesses to market to customers on a true one-to-one basis.

``I speak for Brad and John when I say that we are deeply honored to be presented with the World Technology Award for Commerce,' Snyder said. ``To be recognized for our contributions to business and society by founding Net Perceptions and leading the research and development of personalization technology is not only exciting for us but a challenge to make sure that we continue to innovate.'

The World Technology Network's annual awards program honors work by leaders in 20 different award categories, including industries such as information technology, biotechnology, media and journalism, commerce and ethics.

The nominators and judges for the World Technology Awards include respected peers of the finalists and winners throughout the world of science, business and society.

Other finalists for the World Technology Award for Commerce included Jeff Bezos, founder of Amazon.com; Danny Lewin and Tom Leighton, co-founders of Akamai Technologies Inc.; Stephan Schambach, founder of Intershop Communications; and Richard Stallman, creator of the Free Software Foundation, who -- along with all of the World Technology Award finalists and judges in all categories -- were also inducted as members in the World Technology Network.

``The honorees of this very special millennium year World Technology Awards have all exhibited actions and made contributions that will continue to make an impact with technology for years to come,' said James P. Clark, founder and chairman of the World Technology Network. ``In the new millennium, the finalists and the winners of these awards will be the Edisons, the Fords and the Pasteurs creating the 'ripple effects' that will change our future.'

Last May, Net Perceptions also received the first Massachusetts Institute of Technology Sloan E-Commerce Technology Innovator Award. The award was presented for demonstrating the greatest potential to further revolutionize Web-based commerce.

About Net Perceptions

Net Perceptions is the leading supplier of realtime personalization solutions that enable businesses to market to customers on a true one-to-one basis. Net Perceptions solutions increase new and repeat business by learning more about each customer's individual needs, tastes and preferences with every interaction, then making increasingly personalized product and service recommendations. Net Perceptions, based in Minneapolis, is a publicly held company that operates additional offices in New York, San Francisco and London and a joint venture office in Japan. Customers include many of the world's best-known brands including Art.com, Bertelsmann, Billboard TalentNet, CDNOW, E!Online, Micron, SkyMall, Tower Records and Ticketmaster Online. For more information about Net Perceptions products, visit netperceptions.com or call 800-466-0711.

Net Perceptions is a registered trademark of Net Perceptions, Inc. All other trademarks are the property of their respective owners. This news release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the company's limited operating history, delays in product development, development of the Internet market, changes in product pricing policies, competitive pressures and the risk factors detailed from time to time in the company's periodic reports and registration statements filed with the Securities and Exchange Commission.
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