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Technology Stocks : Preference Technologies -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (296)	11/9/2000 7:13:34 PM
From: afrayem onigwecher	Read Replies (1) \| Respond to of 460

Preference Technologies Announces Restructuring Business Editors LAS VEGAS--(BUSINESS WIRE)--Nov. 9, 2000--Preference Technologies(TM) Inc. (OTCBB:PFER), today announced the company has begun a restructuring plan to reduce operating costs. By order of the board of directors, the company has reduced its workforce by 80 in order to substantially reduce operating costs. The company plans to introduce its new MyGIG(TM) 2.0 corporate marketing portal before the end of the year. "Our reorganization and restructuring are necessary steps toward refocusing company efforts on our core competencies while becoming a more efficient company by correcting many of the mistakes implemented by former executive management," said Bill Louden, president, chief operating officer and director of Preference Technologies. "Our renewed focus is to launch, market and sell our new product, MyGIG 2.0." About Preference Technologies Inc. Preference Technologies is a Las Vegas-based Internet technologies company dedicated to supplying traditional, brick-and-mortar businesses with effective and complete interactive marketing solutions. Statements about the company's future expectations, including future revenues and earnings, and all other statements in the news release other than historical facts, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results could differ materially from expected results. Note to editors: Preference Technologies, MyGIG and the Preference Technologies logo are trademarks of Preference Technologies Inc. quote.bloomberg.com