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EXHIBIT 99.1
CAUTIONARY STATEMENT
Reality Interactive, Inc. (the "Company"), or persons acting on behalf of
the Company, or outside reviewers retained by the Company making statements on
behalf of the Company, or underwriters, from time to time make, in writing or
orally, "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. When used in conjunction with an identified
forward-looking statement, this Cautionary Statement is for the purpose of
qualifying for the "safe harbor" provisions of such sections and is intended to
be a readily available written document that contains factors which could cause
results to differ materially from such forward-looking statements. These factors
are in addition to any other cautionary statements, written or oral, which may
be made or referred to in connection with any such forward-looking statement.
The following matter, among others, may have a material adverse effect on
the business, financial condition, liquidity, results of operations or
prospects, financial or otherwise, of the Company. Reference to this Cautionary
Statement in the context of a forward-looking statement or statements shall be
deemed to be a statement that may cause actual results to differ materially from
those in such forward-looking statement or statements:
DISCONTINUATION OF CURRENT OPERATIONS. The Company ceased its business
operations effective April 30, 1999. Management of the Company believes this
action was necessary in light of the Company's current liquidity needs and lack
of short-term revenue opportunities. The Company is currently exploring
potential uses for the Company in its current form as an inoperative public
company. In the meantime, the Company intends to comply with all SEC filing
requirements in order to maintain the Company's good standing under the
Securities Exchange Act of 1934, as amended. In the event the Company is unable
to find a suitable acquisition or merger candidate or other suitable use for the
Company in the near future, the Company will be liquidated and its remaining
assets will be distributed to its creditors in satisfaction of its then-current
obligations and, if any assets remain thereafter, to its shareholders. There can
be no assurance that any such candidate or other suitable use for the Company or
its assets will be found.
