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Exhibit 99.1
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FOR IMMEDIATE RELEASE
Company Contacts:
Kit Webster, Chief Financial Officer
512-681-8470
Jon Osmundsen, Director of Public Relations
512-681-8318
[email protected]
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NETPLIANCE RECEIVES NOTICE FROM NASDAQ
REGARDING POTENTIAL DELISTING OF ITS COMMON STOCK
Austin, Texas - January 17, 2001 - Netpliance (Nasdaq: NPLI) announced today
that it has received notice from The Nasdaq Stock Market, Inc. that Netpliance's
common stock had failed to maintain a minimum bid price of at least $1.00 over
the prior 30 consecutive trading days as required by Nasdaq rules. Netpliance
will be provided 90 days, or until April 17, 2001, to regain compliance with the
rules. If Netpliance is unable to demonstrate compliance with the Nasdaq rules
by April 17, 2001, its common stock will be subject to delisting from the Nasdaq
National Market. Netpliance is considering what action to take to respond to
the possible delisting by Nasdaq.
About Netpliance
Netpliance provides infrastructure products and managed services for next
generation premium residential IP voice, video and data applications. Existing
and emerging IP-based broadband service providers including traditional telecom
carriers, Internet Service Providers (ISPs), cable multi-system operators
(MSOs), competitive local exchange carriers (CLECs), internet destination sites
or portals, Internet Telephony Service Providers (ITSPs), and application
service providers (ASPs) will be able to rapidly deploy new world services based
on the Netpliance Broadband Service Delivery platform.
Forward-looking Statements
This announcement may contain forward-looking statements that are subject to
significant risks and uncertainties. Although Netpliance believes that the
expectations reflected in its forward looking statements are reasonable,
Netpliance can give no assurance that such expectations or any of their forward
looking statements will prove to be correct, and future results may differ from
those discussed in this press release. Important information regarding the
factors that may affect Netpliance's future performance is included in the
public reports that Netpliance files with the Securities and Exchange
Commission. Netpliance disclaims any intention or obligation to revise any
forward-looking statements whether as a result of new information, future event,
change in expectations, conditions or circumstances, or otherwise. Readers are
cautioned not to
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place undue reliance on these forward-looking statements, which speak only as of
the date hereof. The inclusion of any statement in this release does not
constitute an admission by Netpliance or any other person that the events or
circumstances described in such statement are material .
END OF RELEASE
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