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EXHIBIT NO.
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99.1
FOR IMMEDIATE RELEASE
MEDIA AND INVESTOR CONTACT:
PAT MAWHINNEY OR MICHAEL WAGER
303.222.1000
NAVIDEC, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
GREENWOOD VILLAGE, COLO., OCTOBER 12, 2000-- eBusiness solutions and services
provider Navidec, Inc. (Nasdaq: NVDC) today announced that its board of
directors authorized the repurchase by the Company of up to 1,000,000 shares of
its common stock. Navidec has approximately 11,200,000 shares outstanding.
"The current price for our common stock does not reflect the true value of our
Company, its results or our future prospects," said Chief Financial Officer Pat
Mawhinney. "Therefore our board of directors and management believe that a
repurchase of our common stock is a necessary and prudent step."
The shares will be repurchased in the open market from time to time, depending
on market conditions.
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ABOUT NAVIDEC, INC.
Navidec Inc. (Nasdaq: NVDC) is a leading provider of innovative eBusiness
solutions and services. Using its proprietary NPact process, Navidec defines,
builds and manages Internet, intranet and extranet solutions that enable its
clients to transform their traditional businesses into eBusiness. In addition,
Navidec develops reusable software modules, packaged Internet solutions and
complete eBusiness models. Navidec's corporate web site is
http://www.navidec.com. For more information contact Navidec Inc. at
303-222-1000.
