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     <!-- Control Number: form8k                                                           -->
     <!-- Filing Type:    8k                                                               -->
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<TD><H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED
STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>WASHINGTON, D.C. 20549  </FONT></H1></TD></TR>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K  </FONT></H1></TD></TR>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>CURRENT
REPORT</B><BR>Pursuant to Section 13 or 15(d) of the<BR> Securities Exchange Act of 1934  </FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>April 21, 2004</B></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date of Report (Date of earliest event reported) </FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>NET PERCEPTIONS, INC. </B></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Exact Name of Registrant as Specified in Charter)</FONT></TD></TR>
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<td Align=CENTER Width=33%><Font Face="Times New Roman, Times, Serif" Size=2><B>Delaware</B> </font></td>
<td Align=CENTER Width=34%><Font Face="Times New Roman, Times, Serif" Size=2><B>000-25781</B> </font></td>
<td Align=CENTER Width=33%><Font Face="Times New Roman, Times, Serif" Size=2><B>41-1844584</B> </font></td>
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<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(State or Other Jurisdiction <br>of Incorporation)
</font></td>
<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(Commission<br>File Number) </font></td>
<td Align=CENTER><Font Face="Times New Roman, Times, Serif" Size=2>(IRS Employer<br> Identification No.) </font></td>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>One Pickwick Plaza, Greenwich, CT 06830 </B></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Address of Principal Executive Offices, Including Zip Code))</FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(203) 552-9600</B></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Registrant's Telephone Number, including Area Code)</FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>7700 France Avenue South, Edina, MN 55435 </B></FONT></TD></TR>
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     <TD WIDTH="600" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Former Name or Former Address, if Changed Since Last Report) </FONT></TD></TR>
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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5.&nbsp;&nbsp; Other Events and Required FD Disclosure.</FONT></H1></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
April 21, 2004, Net Perceptions, Inc. (&#147;Net Perceptions&#148; or the
&#147;Company&#148;) entered into a Convertible Note Purchase Agreement with Olden
Acquisition LLC, (&#147;Olden&#148;), an affiliate of Kanders &amp; Company, Inc.,
pursuant to which the Company issued a 2% ten-year Convertible Subordinated Note (the
&#147;Note&#148;) to Olden, which is convertible after one year (or earlier upon a call of
the Note by the Company and in certain other circumstances) into approximately 19.9% of Net
Perceptions&#146; common stock, par value $0.0001 per share, outstanding on the April 21, 2004 closing date.
Proceeds to Net Perceptions from the sale of the Note are approximately $2.5 million
before transaction expenses. Interest on the Note accrues semi-annually, but is not
payable currently or upon conversion of the Note. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Also
on April 21, 2004, the Net Perceptions Board of Directors voted to increase its size from
three to four members. Ann Winblad resigned as a director and Warren B. Kanders and
Nicholas Sokolow were appointed to fill the vacancies, so that the Board is now comprised
of the two new directors and John F. Kennedy and John T. Riedl. In addition, Mr. Kanders
was appointed as the Executive Chairman of the Board and Nigel P. Ekern was appointed as
Chief Administrative Officer. Thomas M. Donnelly has resigned as the Company&#146;s
President. At the request of the newly constituted Board of Directors, Mr. Donnelly will
continue as Chief Financial Officer and Treasurer through the filing of the first quarter
Form 10-Q, after which he will serve as a part-time consultant to the Company for a
limited transition period. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the transaction, Net Perceptions and Olden also entered into a
Registration Rights Agreement, which requires Net Perceptions, upon Olden&#146;s request,
to file a &#147;shelf&#148; Registration Statement under Rule 415 to register the shares
of Net Perceptions common stock into which the Note is convertible. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Also
in connection with the transaction, Net Perception&#146;s Rights Agreement was amended so
that the transaction would not trigger the rights thereunder. </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
Perceptions&#146; press release announcing the transaction is attached as exhibit 99.1 and
is incorporated herein by reference. </FONT></TD></TR>
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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item
7. &nbsp;&nbsp;Financial Statements, Pro Forma Financial Information and Exhibits.</FONT></H1></TD></TR>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c) </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Exhibits </FONT></TD>
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<TD WIDTH=8%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1 </FONT></TD>
<TD WIDTH=92%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Press
Release issued by Net Perceptions, Inc. on April 21, 2004.</FONT></TD>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.  </FONT></TD></TR>
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    <TD WIDTH="44%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">NET PERCEPTIONS, INC. </FONT></TD>
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    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date: </FONT></TD>
    <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; April 21, 2004 </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">By: </FONT></TD>
    <TD WIDTH="43%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;/s/ Thomas M. Donnelly </FONT></TD>
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    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD>&nbsp; </TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
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    <TD WIDTH="8%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="39%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; <!-- DATE--> </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT></TD>
    <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> &nbsp; </FONT></TD>
    <TD WIDTH="43%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">  Thomas M. Donnelly<BR>Chief Financial Officer </FONT></TD>
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<TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></TD></TR>
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<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT NO.</FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2> DESCRIPTION</FONT></TD>
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<TD ALIGN="LEFT"> <HR SIZE="1" WIDTH="90%"> </TD>
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<TD WIDTH=20%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1 </FONT></TD>
<TD WIDTH=80%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Press Release issued by Net Perceptions, Inc. on April 21, 2004.</FONT></TD>
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<FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>FOR IMMEDIATE RELEASE <BR>April 21, 2004</B></FONT></TD></TR>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Contact:</b><BR><BR>Nigel
P. Ekern<BR>Chief Administrative Officer<BR>Net Perceptions, Inc.<BR>
(203) 552-9600
 </FONT></P></TD></TR>
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<TD><H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NET PERCEPTIONS ANNOUNCES COMPLETION OF<BR>
STRATEGIC INVESTMENT BY KANDERS &amp; COMPANY, INC.; <BR>EMBARKS ON ASSET REDEPLOYMENT STRATEGY
</FONT></H1></TD></TR>
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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Minneapolis
&#150; Net Perceptions, Inc. (NASDAQ: NETP)</B> today announced the simultaneous signing
and closing of a strategic investment into the Company by an investment affiliate of
Kanders &amp; Company, Inc. for the purpose of initiating an asset redeployment strategy. </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
Company issued and sold to a Kanders affiliate a 2% ten-year Convertible Subordinated Note
which is convertible after a year at a conversion price of $0.45 per share of Company
common stock into approximately 19.9% of the outstanding common equity of Net Perceptions
as of the closing, with proceeds to the Company totaling approximately $2.5 million before
transaction expenses. Interest on the note will accrue but will not be payable currently
or upon conversion of the note. </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
Net Perceptions Board of Directors voted to increase its size from three to four members.
Ann Winblad resigned as a director and Warren B. Kanders and Nicholas Sokolow were
appointed to fill the vacancies, so that the Board is now comprised of the two new
directors and John F. Kennedy and John T. Riedl. In addition, Mr. Kanders was appointed as
the Executive Chairman of the Board and Nigel P. Ekern was appointed as Chief
Administrative Officer to oversee the operations of Net Perceptions and to assist with the
Company&#146;s asset redeployment strategy. In an effort to minimize expenditures as the
Company pursues its redeployment strategy, these new management members will receive no
cash compensation, but will be eligible to receive equity based awards. Thomas M. Donnelly
has resigned as the Company&#146;s President. At the request of the newly constituted
Board of Directors, Mr. Donnelly will continue as Chief Financial Officer and Treasurer
through the filing of the first quarter Form 10-Q, after which he will serve as a
part-time consultant to the Company for a limited transition period. As part of the
redeployment strategy, the Company will relocate its corporate offices to Greenwich,
Connecticut. </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Mr. Kanders stated, &#147;We would like to thank the outgoing management team for
          their efforts in bringing this transaction to a conclusion and enabling a smooth
          transition as we embark on a new direction for the Company. The completion of
          this investment marks the initial step towards the repositioning of Net
          Perceptions&#146; assets in an effort to enhance stockholder value.&#148; </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>He
continued, &#147;We believe this strategy will allow the Company to increase value to
stockholders by utilizing its cash resources to acquire or merge with an operating
business that can serve as a platform for future growth. In addition, our strategy
provides an avenue through which the stockholders may be able to benefit from the value of
Net Perceptions&#146; non-cash assets, specifically its substantial net operating loss
carryforwards.&#148; </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Board
of Directors member John F. Kennedy stated, &#147;We welcome Kanders &amp; Company&#146;s
investment into Net Perceptions. Warren B. Kanders has a well-deserved reputation for
actively working with management and institutional shareholders to enhance shareholder
value in the companies in which he has become involved.&#148; Mr. Kanders is currently the
Chairman and Chief Executive Officer of Armor Holdings, Inc. (NYSE:AH) and Executive
Chairman of Clarus Corporation (NASDAQ:CLRS). </FONT></TD></TR></TABLE><BR>

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<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This
release contains certain forward-looking statements within the meaning of the Securities
Act of 1933 and the Securities Exchange 1934. Information in this release includes our
plans, beliefs, hopes, expectations, intentions and strategies relating to our future
results. Assumptions relating to the forward-looking statements involve judgments with
respect to, among other things, future economic, competitive and market conditions and
future business decisions, all of which are difficult or impossible to predict accurately
and many of which are beyond our control. Actual results could differ materially from
those projected in the forward-looking statements as a result of certain risks, including
our planned effort to redeploy our assets to enhance stockholder value. All
forward-looking statements contained in this release are based on information available as
of the date of this release and we assume no obligation to update the forward-looking
statements contained herein. </FONT></TD></TR></TABLE><BR>



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{"company-data": {"conformed-name": "NET PERCEPTIONS INC", "cik": "0001078203", "assigned-sic": "7372", "irs-number": "411844584", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-25781", "film-number": "04746171"}, "business-address": {"street1": "7700 FRANCE AVE SOUTH", "city": "EDINA", "state": "MN", "zip": "55435", "phone": "6129031270"}, "mail-address": {"street1": "7700 FRANCE AVE SOUTH", "city": "EDINA", "state": "MN", "zip": "55435"}}
8K Form
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
April 21, 2004
Date of Report (Date of earliest event reported)
NET PERCEPTIONS, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware
000-25781
41-1844584
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
One Pickwick Plaza, Greenwich, CT 06830
(Address of Principal Executive Offices, Including Zip Code))
(203) 552-9600
(Registrant's Telephone Number, including Area Code)
7700 France Avenue South, Edina, MN 55435
(Former Name or Former Address, if Changed Since Last Report)
Item 5.   Other Events and Required FD Disclosure.
On
April 21, 2004, Net Perceptions, Inc. ("Net Perceptions" or the
"Company") entered into a Convertible Note Purchase Agreement with Olden
Acquisition LLC, ("Olden"), an affiliate of Kanders & Company, Inc.,
pursuant to which the Company issued a 2% ten-year Convertible Subordinated Note (the
"Note") to Olden, which is convertible after one year (or earlier upon a call of
the Note by the Company and in certain other circumstances) into approximately 19.9% of Net
Perceptions' common stock, par value $0.0001 per share, outstanding on the April 21, 2004 closing date.
Proceeds to Net Perceptions from the sale of the Note are approximately $2.5 million
before transaction expenses. Interest on the Note accrues semi-annually, but is not
payable currently or upon conversion of the Note.
Also
on April 21, 2004, the Net Perceptions Board of Directors voted to increase its size from
three to four members. Ann Winblad resigned as a director and Warren B. Kanders and
Nicholas Sokolow were appointed to fill the vacancies, so that the Board is now comprised
of the two new directors and John F. Kennedy and John T. Riedl. In addition, Mr. Kanders
was appointed as the Executive Chairman of the Board and Nigel P. Ekern was appointed as
Chief Administrative Officer. Thomas M. Donnelly has resigned as the Company's
President. At the request of the newly constituted Board of Directors, Mr. Donnelly will
continue as Chief Financial Officer and Treasurer through the filing of the first quarter
Form 10-Q, after which he will serve as a part-time consultant to the Company for a
limited transition period.
In
connection with the transaction, Net Perceptions and Olden also entered into a
Registration Rights Agreement, which requires Net Perceptions, upon Olden's request,
to file a "shelf" Registration Statement under Rule 415 to register the shares
of Net Perceptions common stock into which the Note is convertible.
Also
in connection with the transaction, Net Perception's Rights Agreement was amended so
that the transaction would not trigger the rights thereunder.
Net
Perceptions' press release announcing the transaction is attached as exhibit 99.1 and
is incorporated herein by reference.
Item
7.   Financial Statements, Pro Forma Financial Information and Exhibits.
(c)
Exhibits
99.1
Press
Release issued by Net Perceptions, Inc. on April 21, 2004.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
NET PERCEPTIONS, INC.
Date:
April 21, 2004
By:
/s/ Thomas M. Donnelly
Thomas M. Donnelly
Chief Financial Officer
EXHIBIT INDEX
EXHIBIT NO.
DESCRIPTION
99.1
Press Release issued by Net Perceptions, Inc. on April 21, 2004.
FOR IMMEDIATE RELEASE
April 21, 2004
Contact:
Nigel
P. Ekern
Chief Administrative Officer
Net Perceptions, Inc.
(203) 552-9600
NET PERCEPTIONS ANNOUNCES COMPLETION OF
STRATEGIC INVESTMENT BY KANDERS & COMPANY, INC.;
EMBARKS ON ASSET REDEPLOYMENT STRATEGY
Minneapolis
– Net Perceptions, Inc. (NASDAQ: NETP)
today announced the simultaneous signing
and closing of a strategic investment into the Company by an investment affiliate of
Kanders & Company, Inc. for the purpose of initiating an asset redeployment strategy.
The
Company issued and sold to a Kanders affiliate a 2% ten-year Convertible Subordinated Note
which is convertible after a year at a conversion price of $0.45 per share of Company
common stock into approximately 19.9% of the outstanding common equity of Net Perceptions
as of the closing, with proceeds to the Company totaling approximately $2.5 million before
transaction expenses. Interest on the note will accrue but will not be payable currently
or upon conversion of the note.
The
Net Perceptions Board of Directors voted to increase its size from three to four members.
Ann Winblad resigned as a director and Warren B. Kanders and Nicholas Sokolow were
appointed to fill the vacancies, so that the Board is now comprised of the two new
directors and John F. Kennedy and John T. Riedl. In addition, Mr. Kanders was appointed as
the Executive Chairman of the Board and Nigel P. Ekern was appointed as Chief
Administrative Officer to oversee the operations of Net Perceptions and to assist with the
Company's asset redeployment strategy. In an effort to minimize expenditures as the
Company pursues its redeployment strategy, these new management members will receive no
cash compensation, but will be eligible to receive equity based awards. Thomas M. Donnelly
has resigned as the Company's President. At the request of the newly constituted
Board of Directors, Mr. Donnelly will continue as Chief Financial Officer and Treasurer
through the filing of the first quarter Form 10-Q, after which he will serve as a
part-time consultant to the Company for a limited transition period. As part of the
redeployment strategy, the Company will relocate its corporate offices to Greenwich,
Connecticut.
Mr. Kanders stated, "We would like to thank the outgoing management team for
          their efforts in bringing this transaction to a conclusion and enabling a smooth
          transition as we embark on a new direction for the Company. The completion of
          this investment marks the initial step towards the repositioning of Net
          Perceptions' assets in an effort to enhance stockholder value."
He
continued, "We believe this strategy will allow the Company to increase value to
stockholders by utilizing its cash resources to acquire or merge with an operating
business that can serve as a platform for future growth. In addition, our strategy
provides an avenue through which the stockholders may be able to benefit from the value of
Net Perceptions' non-cash assets, specifically its substantial net operating loss
carryforwards."
Board
of Directors member John F. Kennedy stated, "We welcome Kanders & Company's
investment into Net Perceptions. Warren B. Kanders has a well-deserved reputation for
actively working with management and institutional shareholders to enhance shareholder
value in the companies in which he has become involved." Mr. Kanders is currently the
Chairman and Chief Executive Officer of Armor Holdings, Inc. (NYSE:AH) and Executive
Chairman of Clarus Corporation (NASDAQ:CLRS).
This
release contains certain forward-looking statements within the meaning of the Securities
Act of 1933 and the Securities Exchange 1934. Information in this release includes our
plans, beliefs, hopes, expectations, intentions and strategies relating to our future
results. Assumptions relating to the forward-looking statements involve judgments with
respect to, among other things, future economic, competitive and market conditions and
future business decisions, all of which are difficult or impossible to predict accurately
and many of which are beyond our control. Actual results could differ materially from
those projected in the forward-looking statements as a result of certain risks, including
our planned effort to redeploy our assets to enhance stockholder value. All
forward-looking statements contained in this release are based on information available as
of the date of this release and we assume no obligation to update the forward-looking
statements contained herein.