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EXHIBIT 99
***FOR IMMEDIATE RELEASE***
busybox.com, inc. Contact: Jon M. Bloodworth
1900 Avenue of the Stars, Suite 680 Chief Executive Officer
Century City, California 90067 Phone: (310)556-4616
Email: [email protected]
BUSYBOX ANNOUNCES CERTAIN CHANGES IN MANAGEMENT
LOS ANGELES, CA, DECEMBER 1, 2000 - busybox.com, inc. (NASDAQ: BUSY, BUSYW)
today announced the resignations of Patrick A. Grotto, Chairman of the Board and
Chief Executive Officer, Mark B. Leffers, Chief Financial Officer, and Catherine
Michela, Senior Vice President, Strategic Planning effective November 27, 2000.
Jon M. Bloodworth, Vice President, General Counsel and Secretary to the Company
has been appointed Interim Chairman of the Board and Chief Executive Officer,
and Robert S. Sherman, President and Chief Operating Officer of the Company, has
been appointed Interim Chief Financial Officer.
Founded in 1995, busybox is a Los Angeles-based company that develops,
distributes, and sells digital imagery over the Internet, as well as on
videotape and CD-ROM. The BusyboxPro professional product suite offers thousands
of stock video images and allows customers the ability to immediately buy and
download stock cinematography online, royalty-free. BusyboxPro features
affordable pricing and establishes a new benchmark in the digital video market
by giving customers unrestricted use of the digital video and cinematography in
commercials, broadcasts, presentations, corporate videos, multimedia and Web
applications. As a proven pioneer in the creation of digital distribution
channels on the Internet for the digital photography, software, and multimedia
industries, Busybox has designed and implemented end-to-end e-commerce and media
asset management solutions for some of the world's leading imagery and
entertainment companies. For more product information, visit
http://www.busyboxpro.com or visit Busybox's corporate Web site at
http://www.busybox.com.
This document includes "forward-looking statements" within the meaning
of Section 27A of the Securities and Exchange Act of 1934, as amended, based on
current management expectations. The Company's actual results could differ
materially from those management expectations. Factors that could cause future
results to vary from current management expectations include, but are not
limited to, general economic conditions, legislative and regulatory changes,
rates and regulations of federal and state tax authorities, industry
competition, changes in accounting principles, policies and guidelines, and
other economic, competitive, governmental and technological factors affecting
the Company's operations, markets, products, services and prices. Further
description of the risks and uncertainties to the business are included in
detail in the Company's quarterly report filed with the Securities and Exchange
Commission on November 14, 2000 and registration statement on Form SB-2, as
amended, filed with the Securities and Exchange Commission on May 24, 2000.
