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Exhibit 99.1
FOR IMMEDIATE RELEASE
Stamps.com Contacts:
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Seth Oster Ken McBride (Investor inquiries)
Vice President, Corporate Communications Acting Chief Financial Officer
(310) 581-7542 (310) 581-7552
[email protected] [email protected]
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Encryptix Contact:
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Leslie Furuta
Director, Corporate Communications
EncrypTix, Inc.
(310) 955-4908
[email protected]
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CHANGES ANNOUNCED TO STAMPS.COM AND
ENCRYPTIX BOARDS OF DIRECTORS
SANTA MONICA, Calif. - Wednesday, December 27, 2000 - Stamps.com(TM) (Nasdaq:
STMP), the leading provider of Internet mailing and shipping services, today
announced that John Payne has resigned from his position on the board of
directors. Payne served as chief executive officer of Stamps.com from August
1998 to October 2000. Payne is also resigning his position on the board of
directors of EncrypTix, Inc., a majority-owned subsidiary of Stamps.com.
Stamps.com will file a Form 8-K current report with the Securities and Exchange
Commission, which details all of the terms of Payne's resignation.
Marvin Runyon, former U.S. postmaster general, continues in his role as chairman
of Stamps.com. Bruce Coleman remains as CEO at Stamps.com and Jim Rowan
continues as president and CEO of EncrypTix, Inc.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: This release may contain forward-looking statements that involve risks and
uncertainties. Important factors that could cause actual results to differ
materially from those in the forward-looking statements are detailed in filings
with the Securities and Exchange Commission made from time to time by
Stamps.com, including its annual report on Form 10-K/A for the fiscal year ended
December 31, 1999, its quarterly report on Form10-Q for the fiscal quarter ended
September 30, 2000, and its Current Reports on Form 8-K. Stamps.com undertakes
no obligation to release publicly any revisions to any forward-looking
statements to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
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Stamps.com and iShip and the Stamps.com, iShip logos are trademarks of
Stamps.com Inc. All other brands and names are property of their respective
owners.
