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CONTACT:
HyperMedia Communications Inc.
Phone: 650.573.5170
Fax: 650.573.5131
Email: [email protected]
FOR IMMEDIATE RELEASE
HyperMedia Communications, Inc. Suspends Operations
San Mateo, CA--October 17, 2000--HyperMedia Communications, Inc.
(OTC:BB:NMNW) announced today that due to its inability to secure necessary
financing to continue operations, it has suspended publication of NewMedia.com,
its web site for Internet Architects, and cancelled the NewMedia INVISION 2000
Festival, scheduled to take place November 1-3, 2000.
The Company also announced that it has laid off most of its staff and
begun an orderly wind-down of operations. HyperMedia management intends to
explore options to sell the Company or its assets, which it hopes to complete as
soon as possible and in any event no later than the end of the 2000 calendar
year.
Inquiries regarding HyperMedia Communications, NewMedia.com, or the
NewMedia INVISION Festival should be directed to the Company as indicated below.
HyperMedia Communications Inc. has its headquarters at 901 Mariner's
Island Boulevard, Suite 365, San Mateo, CA 94404. The telephone number is
650.573.5170 and the fax number is 650.573.5131. Email may be sent to
[email protected].
NewMedia is a registered trademark of HyperMedia Communications Inc.
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