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Technology Stocks : shopping.com (IBUY)
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To: Arcane Lore who wrote (244)12/17/1998 7:38:00 PM
From: afrayem onigwecher  Read Replies (2) of 435
 
NT 10 Q/ rule 12b-25
on December 10, 1998 the Company entered into an Agreement for
A Private Equity Line of Common Stock & Warrants Pursuant to Regulation D. The
Commitment Amount is $60 million with an optional $40 million add-on with Swartz
Private Equity, LLC.

The Management of the Company believes that its current cash on hand will be
sufficient to sustain current operations for the fiscal year ending January 31,
1999. The Company anticipates that if it can satisfy the conditions to the funding
of the Private Equity Line of Common Stock & Warrants it will have sufficient cash
flow to sustain operations for the fiscal year ending January 31, 2000.
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