ON TECHNOLOGY PURSUES STRATEGIC OPTIONS FOR ITS MEETING MAKER PRODUCT
TALKS AIMED AT REACHING AN ALTERNATIVE AGREEMENT WITH
MEETING MAKER INC. CONTINUE
WALTHAM, MA, JUNE 9, 2000 - ON Technology (NASDAQ: ONTC), a leading provider of
advanced solutions for deploying and configuring software, today announced that
it is pursuing alternative strategic options for its Meeting Maker product line.
The Company stated that it has adjourned the Special Meeting of Stockholders
held on May 26, 2000 to consider the proposal to sell the assets of the Meeting
Maker business pending the outcome of talks with Meeting Maker, Inc.
"My team is focused on exploiting new market opportunities by providing the most
advanced software deployment and configuration management solutions," said
Robert L. Doretti, Chief Executive Officer of the Company. "We are currently in
talks with Meeting Maker Inc. to achieve a new agreement that benefits both
organizations."
"We are committed to completing an alternative agreement with ON Technology,"
said P. Michael Benninga, Chief Executive Officer of Meeting Maker, Inc. "We are
confident that a deal can be reached in short order allowing Meeting Maker to
continue to be the preeminent Calendar and Scheduling solution."
ABOUT ON TECHNOLOGY CORPORATION
ON Technology is a leading provider of advanced solutions for deploying software
across corporate networks and the Internet. Global 2000 organizations such as
MCI WorldCom, Deutsche Telekom, Citigroup, and Goodyear Tire & Rubber are using
ON Command CCM to reduce costs, deliver a higher quality of service, and
expedite technology initiatives for increased competitive advantage. ON
Technology has formed business and technology alliances with major technology
suppliers and service providers including Dell Computer Corporation, Microsoft
Corp., Intel Corporation, IBM Global Services, and Unisys. Additional
information about ON Technology Corporation can be found at www.on.com.
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ON Technology and ON Command CCM are registered trademarks of
ON Technology Corporation.
All other brand names and trademarks are properties of their respective owners.
The statements in this news release that relate to future plans, events or
performance are forward-looking statements that involve risks and uncertainties,
including risks associated with uncertainties pertaining to customer orders,
demand for products and services, development of markets for the Company's
products and services and other risks identified in the Company's SEC filings.
Actual results, events and performance may differ materially. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. The Company undertakes no obligation to
release publicly the result of any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
