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Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: Raj Ramaswamy who wrote (2645)	8/7/2000 8:32:46 AM
From: Raj Ramaswamy	Read Replies (1) \| Respond to of 2908

Monday August 7, 8:00 am Eastern Time Press Release Net Perceptions Names Moser Chief Operating Officer Jacob to Head Field Operations MINNEAPOLIS--(BUSINESS WIRE)--Aug. 7, 2000--Net Perceptions (Nasdaq: NETP - news) announced today that George Moser has been named Chief Operating Officer (COO) for the company. Moser, 45, had been the company's Senior Vice President of Worldwide Sales and has more than 20 years experience in the high tech industry. In the new role of COO, Moser will have overall profit and loss responsibility for the operating performance of the company. ``This move benefits Net Perceptions in several ways,'' said Snyder. ``George's keen understanding of our customers' needs will ensure that our operations stay well aligned with the best interests of both our customers and our investors. In addition, this move allows me to focus more on the overall growth and direction of the company, as well as spend more time in the field with our customers and strategic partners.'' In conjunction with this move, the company also announced that Steve Jacob, formerly Net Perceptions' Vice President for Europe, the Middle East and Asia (EMEA) has become Senior Vice President of Field Operations. Reporting to Jacob will be worldwide Sales and Customer Solutions. ``By bringing together Sales and Customer solutions under Steve Jacob, we more closely integrate our field sales and consulting teams - increasing the effectiveness of account management and our ability to quickly demonstrate customer value,'' noted Snyder. ``Steve's strong international background also will help ensure that our rapidly expanding international operations receive the support and attention they need to continue to grow and thrive.'' Jacob joined Net Perceptions in April 1999 and has more than 18 years of experience in the high tech industry. As vice president EMEA, he was the company's first international employee and quickly built the company's international operations managing the company's business operations throughout Europe, the Middle East and Asia. About Net Perceptions Net Perceptions is a leading provider of realtime personalization and precision merchandising software solutions for Internet and multi-channel retailers. Its software is designed to help retailers understand customers individually, optimize product assortments, prices and inventories and offer the right product to the right customer at the right price. Net Perceptions' customers include many of the world's best-known brands including: Bertelsmann, CDNOW, The Children's Place, Egghead.com, eToys.com, Fingerhut, Hudson's Bay Company, J.C. Penney, Procter & Gamble, Tower Records, Walgreens and Williams-Sonoma. Incorporated in Delaware, July 3, 1996, the company has offices in Minneapolis; San Francisco; New York; Austin, Texas; Richardson, Texas; Berkshire, U.K.; Singapore; Hong Kong; Frankfurt, Germany and joint venture operations in Japan. Net Perceptions is a registered trademark of Net Perceptions. 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 U.S. Securities and Exchange Commission