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EXHIBIT 99.1
[VIALINK LOGO]
FOR IMMEDIATE RELEASE
INVESTOR RELATIONS CONTACTS
J. Andrew Kerner Julie Crandall/E. E. Wang
Chief Financial Officer Pondel/Wilkinson Group
The viaLink Company Tel 310-207-9300
Tel 972-934-5504 [email protected]
[email protected]
VIALINK COMPLETES $10 MILLION PRIVATE PLACEMENT
EDMOND, OKLAHOMA--JUNE 1, 2000-- The viaLink Company (NasdaqNM:VLNK) today
announced the completion of a $10 million private placement of shares of common
stock and warrants to purchase shares of common stock to a fund managed by Rose
Glen Capital Management, L.P. The company issued 960,615 shares of common stock
priced at $10.41 per share, and warrants to purchase 768,492 shares of common
stock at an exercise price of $12.06 per share. The warrant exercise price may
be subject to certain adjustments beginning one year from issuance, based on the
market price of the company's common stock.
"The $10 million investment gives us additional flexibility to execute
our business plan and finance critical technology and marketing initiatives,"
said Lewis B. "Bucky" Kilbourne, viaLink's chairman and chief executive officer.
"In light of current market conditions, we continue to work with our financial
advisors to carefully evaluate the timing and size of the follow-on offering we
registered for in March."
About viaLink
The viaLink Company (NasdaqNM: VLNK) is a leading provider of
subscription-based, business-to-business electronic commerce services that
enable consumer packaged goods (CPG) and grocery industry participants to
efficiently manage their highly complex supply chain information. viaLink's
services allow manufacturers, wholesalers, distributors and retailers to
communicate and synchronize item, price and promotion information in a more
cost-effective and accessible way than has been possible using traditional
electronic and paper-based methods. For more information, visit viaLink's Web
site at http://www.vialink.com.
This release contains forward-looking statements that involve risks and
uncertainties. The viaLink Company now resembles a development stage company,
which has commenced its planned operations but has not yet generated significant
revenues. Among the important factors that could cause actual results to differ
materially from those in the forward-looking statements are the failure of
viaLink's services to achieve market acceptance; the extent of viaLink's
anticipated operating losses and negative cash flow; viaLink's dependence on its
strategic alliance partners; intense marketplace competition; rapid
technological change and the possible obsolescence of viaLink's service;
dependence on certain key personnel and need to hire additional personnel;
viaLink's inability to protect its proprietary technology; as well as other
factors detailed in viaLink's filings with the Securities and Exchange
Commission, including its recent filings on Forms SB-2, 10-KSB and 10-QSB.
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