EXHIBIT 99.1
PRESS RELEASE--SEPTEMBER 28, 2000
CONTACT: Tony Carideo Tom Donnelly
Investor Relations Chief Financial Officer
Net Perceptions, Inc. Net Perceptions, Inc.
952-842-5454 952-842-5400
[email protected] [email protected]
NET PERCEPTIONS ANNOUNCES THIRD QUARTER EXPECTATIONS
MINNEAPOLIS- Net Perceptions, Inc. (Nasdaq: NETP) today announced that the
company expects to report revenues for the quarter ending September 30,
2000 ranging between $6 million and $9 million. The company also said it
expects to report a loss ranging from ($0.22) to ($0.32) per share before
the amortization of intangibles and stock compensation expense. These
results compare with revenues of $12.4 million for the second quarter ended
June 30, 2000, and net loss of ($0.15) per share, before the amortization
of intangibles and stock compensation expense.
"We are committed to aggressively addressing the new realities of the
marketplace in order to get our business plan back on track" said Steven
Snyder, President and CEO of Net Perceptions.
The company will provide detailed information on the quarter's financial
results at the regular quarterly conference call scheduled for October 24,
2000.
ABOUT NET PERCEPTIONS
Net Perceptions is the innovator and preeminent supplier of solutions that
allow companies to translate knowledge into profitable business action. Its
Commerce Solutions, Network Solutions and Knowledge Solutions products
enable clients to capitalize on business information and optimize product
assortments, pricing, customer relationships and intellectual capital. The
company is based in the U.S. and has offices in six other countries. For
more information visit www.netperceptions.com or call 800-466-0711.
NET PERCEPTIONS AND THE NET PERCEPTIONS LOGO ARE REGISTERED TRADEMARKS OF
NET PERCEPTIONS, INC. ALL OTHER TRADEMARKS ARE THE PROPERTY OF THEIR
RESPECTIVE OWNERS. THIS NEWS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS
THAT INVOLVE A NUMBER OF RISKS AND UNCERTAINTIES. AMONG THE IMPORTANT
FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
INDICATED BY SUCH FORWARD-LOOKING STATEMENTS ARE THE COMPANY'S LIMITED
OPERATING HISTORY, DELAYS IN PRODUCT DEVELOPMENT, DEVELOPMENT OF THE
INTERNET MARKET, CHANGES IN PRODUCT PRICING POLICIES, COMPETITIVE
PRESSURES, AND THE RISK FACTORS DETAILED FROM TIME TO TIME IN THE COMPANY'S
PERIODIC REPORTS AND REGISTRATION STATEMENTS FILED WITH THE U.S. SECURITIES
AND EXCHANGE COMMISSION.
