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EXHIBIT 99
MEDIA CONTACT:
James Wilson
Aperian
(512) 226-8659
[email protected]
INVESTOR CONTACT:
Frank Milano
Aperian
(512) 476-6925
[email protected]
APERIAN ANNOUNCES RESULTS OF ANNUAL SHAREHOLDER MEETING
SHAREHOLDERS APPROVE ALL ITEMS
DALLAS, TEXAS, SEPTEMBER 7, 2000 -- Aperian (NASDAQ: APRN), a leader in
providing managed services and scalable bandwidth for content-intensive
businesses, held its Annual Shareholders Meeting today in Dallas, Texas. Aperian
shareholders passed all items presented by the Board of Directors for
shareholder approval.
"The results of this election confirm our shareholders' faith in
management," said Robert Gibbs, President and CEO of Aperian. "Their vote of
confidence in our ability to execute on the business plan gives us the clear
indication that we are on the right track."
At their meeting, shareholders approved the following specific items:
o Election of nine persons to the Company's Board of Directors to include
new members Jack Baum, Don Brush, and Raymond Wicki, as well as the
re-election of current members Robert Gibbs, Chris Brickler, Daniel
Dornier, Steve Metzger, Humbert Powell III, and Davinder Sethi.
Shareholders also voted to limit the monetary liability of directors.
o Approval of an amendment to the Company's articles of incorporation to
effect a one-for-three combination of common stock, reducing the total
number of outstanding shares to
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approximately 12.6 million. This combination is expected to be
reflected in NASDAQ trading on Monday morning September 11, 2000.
o Approval of the 2000 Stock Option Plan, allowing a maximum of 4 million
shares to be issued, of which approximately 1.7 million shares would be
available for future grants.
Shareholders also approved the re-incorporation of the Company from
Utah to Delaware. Included in this re-incorporation is the adoption of the trade
name of Aperian, Inc., as the official Company name, and increasing the
authorized common stock to 75 million shares.
ABOUT APERIAN
MSI Holdings, Inc. dba Aperian (Nasdaq:APRN) enables scalable growth
for content-intensive businesses by providing latest-generation broadband
capabilities and turnkey application infrastructure. Through strategic alliances
with Genuity (Nasdaq:GENU) and MCI WorldCom (Nasdaq:WCOM), Aperian offers unique
direct access to the Internet backbone via its Direct Optical Co-location
Connection (DOCCTM) technology. In addition, Aperian provides value-added
services that allow web-centric businesses to deliver a reliable and efficient
web site experience to their end users. Aperian is an end-to-end Cisco
(Nasdaq:CSCO) Powered Network. Aperian has been certified for network
architecture, security architecture, and facilities design by GTE/BBN
Technologies. Information about Aperian and its services can be found on the
World Wide Web at www.aperian.com.
# # #
The statements made by Aperian (the Company) may be forward-looking in nature.
Actual results may differ materially from those projected in forward-looking
statements. Aperian believes that its primary risk factors include, but are not
limited to: the need for substantial financial requirements; the need to develop
effective internal processes and systems; the ability to attract and retain high
quality employees; changes in the overall economy; changes in technology; the
number and size of competitors in its markets; changes in the law and regulatory
policy; and the mix of product and services offered in the company's target
markets. The statements and opinions presented here represent the views of the
Company.
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DOCC is a trademark of Aperian.
Aperian disclaims any proprietary interest in the marks and names of others.
