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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact:
Media Relations: Investor Relations:
DeAnna Bullock Glenn Etherington, CFO
MetaSolv Software, Inc. MetaSolv Software, Inc.
(972) 403-8300 (972) 403-8300
MetaSolv Software Creates Holding Company Organizational Structure
New structure creates greater flexibility for global expansion
of MetaSolv's products and services
PLANO, TEXAS, December 29, 2000 - MetaSolv Software, Inc., (NASDAQ: MSLV)
announced today that it is establishing a holding company organizational
structure. MetaSolv, Inc., a Delaware corporation, has been incorporated, and
effective January 1, 2001, MetaSolv Software, Inc., will become a wholly owned
subsidiary of MetaSolv, Inc. Additionally, the parent company, MetaSolv, Inc.,
will become the publicly held and traded company on the NASDAQ national market.
Stockholders of MetaSolv Software will automatically become stockholders of the
parent company.
The new organizational structure provides certain tax savings and allows
MetaSolv more flexibility to conduct business globally. MetaSolv is expanding
its products and services internationally, and the expanded organizational
structure broadens the alternatives for future financing and growth.
The organizational format was structured under Delaware law and did not require
action by the stockholders of MetaSolv Software, Inc. Stockholders' rights,
privileges and interests will remain the same with respect to MetaSolv, Inc.
Existing certificates representing shares of MetaSolv Software, Inc., common
stock will continue to serve as evidence of ownership of the same number of
shares of common stock of MetaSolv, Inc., however, stockholders will have the
option to exchange certificates. The change to the holding company structure
was tax free to the stockholders. The by-laws, executive officers and board of
directors of MetaSolv, Inc., are the same as those of MetaSolv Software, Inc.
The holding company, MetaSolv, Inc., common stock will trade on the NASDAQ
national market under the ticker symbol, "MSLV."
About MetaSolv Software, Inc.
MetaSolv Software, Inc., headquartered in Plano, Texas, was founded in 1992.
MetaSolv is the leading provider of order management and service fulfillment
solutions to next generation communications providers. MetaSolv's Telecom
Business Solution(TM) (TBS(TM)) software integrates a communications provider's
business from network planning and engineering to operations and customer care.
With MetaSolv's TBS software, communications providers can quickly and
efficiently respond to market demand, optimize their service fulfillment
processes, and build stronger relationships with their customers. MetaSolv is an
active participant in the Ordering & Billing Forum (OBF), ASP Consortium and
TeleManagement Forum (TMF). MetaSolv has regional offices in Atlanta, Chicago,
Denver, McLean, VA and London. MetaSolv's web site is www.metasolv.com. Contact
MetaSolv directly at (800) 747-0791.
This press release contains forward-looking statements that are based upon
current information and expectations, and that involve a number of risks and
uncertainties. Actual results could differ materially from MetaSolv's current
expectations. MetaSolv assumes no obligation to update any such forward looking
statement. Using the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995, MetaSolv cautions you that these statements may
be affected by the important factors described in any MetaSolv documents or
reports filed from time to time with the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for 1999, as well as by other
factors.
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