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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Grary42 who wrote (896)	10/27/1999 9:27:00 AM
From: flyboy	Read Replies (2) \| Respond to of 954

BNYN to IPO switchboard......Wednesday October 27, 8:04 am Eastern Time Company Press Release Switchboard Incorporated Announces Plans to File Registration Statement for Initial Public Offering WESTBORO, Mass.--(BUSINESS WIRE)--Oct. 27, 1999--Switchboard Incorporated, Banyan Worldwide's (NASDAQ: BNYN - news) majority owned Internet subsidiary, today announced that it intends to file a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock. Switchboard expects to file the registration statement within the next 15 days. The offering will be made through underwriters engaged by the Company. The offering will be made only by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The statements in this press release regarding the filing of a registration statement, the timing of such filing and any other future aspect relating to the proposed offering are forward looking statements. Such statements involve risks and uncertainties, including, but not limited to, market conditions, general economic conditions and various factors that could affect Switchboard's business, including those described in Banyan Worldwide's Form 10-K for the 1998 year and its subsequently filed Form 10-Q's. Should one or more of these risks or uncertainties materialize actual outcomes may vary materially from those indicated. About Switchboard Incorporated Switchboard Incorporated is an on-line directory company focused on connecting people, businesses and information. Its flagship website is CBS Switchboard.com (www.switchboard.com). Headquartered in Westboro, Mass., Switchboard Incorporated is a majority held subsidiary of Banyan Worldwide (NASDAQ: BNYN - news) with a minority ownership stake held by CBS Corporation (NYSE: CBS - news). Switchboard is a registered trademark of Switchboard Incorporated. ''CBS'' and the CBS eye device are registered trademarks of CBS Broadcasting Inc.