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NetObjects to Cease Operations and Intends to Sell Assets
Redwood City, Calif., August 31, 2001—NetObjects, Inc. today announced that it will cease operations effective today. The Company intends to sell its assets as expeditiously as circumstances permit.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Such statements can be identified by the words ``believes'', ``anticipates'', ``plans'', ``expects'', and similar expressions. These forward-looking statements include, without limitation, statements about the market opportunities for Web site building software and services, our strategy, and competition. These forward looking statements do not constitute assurances regarding our future operating results, including the operations of our online services business, cash flows, and financial condition. The market for online Web-based small business services is new and extremely competitive. Our success in this business will depend on many factors, including our ability, or the ability of our distribution partners, to attract substantial numbers of paying subscribers for these services. We cannot be assured of generating a significant amount of revenue or earning a profit from the sale or license of these services. Our actual results could differ materially from those expressed or implied by these forward-looking statements due to various factors, including the risk factors described in our Form 10-K, Form 10-Q and other periodic reports filed with the SEC pursuant to the Securities Exchange Act of 1934. We undertake no obligation to update publicly any of these forward-looking statements.
NetObjects and NetObjects Fusion are registered trademarks and NetObjects Matrix is a trademark of NetObjects. All other brand and product names may be trademarks or registered trademarks of their respective companies.
Contact
transition@netobjects.com
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