To: Todd D. Wiener who wrote (293 ) 11/6/1997 5:55:00 PM From: John Arnopp Read Replies (1) | Respond to
National Media Corporation Reports Loss for Fiscal Quarter Ended September 30, 1997biz.yahoo.com Consistent with prior announcements, the Company said that it is in active pursuit of possible strategic alliances with other partners. The Company declined to name potential other parties. The Company went on to state that no agreements had yet been reached and that no assurance could be given that any such agreement would be reached. Robert N. Verratti, President and Chief Executive Officer of National Media Corporation, said, ''We have told shareholders on previous occasions that we had engaged Lehman Brothers to explore strategic alternatives for the Company. While there is certainly no guarantee that any partnership or merger will be completed, we are enthused about the opportunities presently under consideration.'' "we are enthused" ? The Company's ability to predict projected results or the effect of certain events on the Company's results of operations is inherently uncertain. Therefore the Company wishes to caution each reader of this release to carefully consider certain factors, including competition for customers, media pricing and access, market conditions regarding buyers and sellers of media, the potential effect of litigation involving the Company, the risks of doing business in the U.S. and the international marketplace, issues related to entering new markets, the inherent difficulty in identifying successful products, locating efficient suppliers of such products and bringing such products to market in a timely fashion and other factors, each of which could affect the ability of the Company to achieve its projected results and may cause actual results to differ materially from those expressed herein.
