NetObjects to Cease Operations and Intends to Sell Assets
REDWOOD CITY, Calif., Sep 1, 2001 (BUSINESS WIRE) -- NetObjects, Inc. today
announced that it will cease operations effective today. The Company intends to
sell its assets as expeditiously as circumstances permit.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of
the federal securities laws. Such statements can be identified by the words
"believes", "anticipates", "plans", "expects", and similar expressions. These
forward-looking statements include, without limitation, statements about the
market opportunities for Web site building software and services, our strategy,
and competition. These forward looking statements do not constitute assurances
regarding our future operating results, including the operations of our online
services business, cash flows, and financial condition. The market for online
Web-based small business services is new and extremely competitive. Our success
in this business will depend on many factors, including our ability, or the
ability of our distribution partners, to attract substantial numbers of paying
subscribers for these services. We cannot be assured of generating a significant
amount of revenue or earning a profit from the sale or license of these
services. Our actual results could differ materially from those expressed or
implied by these forward-looking statements due to various factors, including
the risk factors described in our Form 10-K, Form 10-Q and other periodic
reports filed with the SEC pursuant to the Securities Exchange Act of 1934. We
undertake no obligation to update publicly any of these forward-looking
statements.
Note to Editors: NetObjects and NetObjects Fusion are registered trademarks and
NetObjects Matrix is a trademark of NetObjects. All other brand and product
names may be trademarks or registered trademarks of their respective companies.
CONTACT: NetObjects, Inc.
Allison Green, 650/482-3637
agreen@netobjects.com
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KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
ELECTRONIC
GAMES/MULTIMEDIA
INTERNET
SOFTWARE
SOURCE:
NetObjects,
Inc. |
