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EXHIBIT 99
FOR IMMEDIATE RELEASE
MEDIA CONTACT: INVESTOR CONTACT:
Katie O'Loughlin Annmarie Russell
Open Market, Inc. Open Market, Inc.
781-359-7366 781-359-7589
[email protected] [email protected]
OCTOBER 18, 2000 - OPEN MARKET, INC. ANNOUNCES RESIGNATION OF VICE PRESIDENT
AND CFO BETTY J. SAVAGE
[GRAPH]
BURLINGTON, MASS., OCTOBER 18, 2000 - Open Market, Inc. (NASDAQ: OMKT), a
leading provider of content-centric eBusiness applications, today announced that
Vice President and Chief Financial Officer Betty J. Savage intends to leave the
Company in early November. Savage's decision to leave the Company was prompted
by a need to relocate. The Company has initiated recruitment efforts for a new
CFO.
"We were sorry to learn of Betty's decision to leave the Company," said Harland
LaVigne, interim President and Chief Executive Officer. "We are grateful to
Betty for her contribution to the Company and wish her luck in her future
endeavors."
ABOUT OPEN MARKET
Open Market, Inc. makes content-centric eBusiness applications that enable its
customers to effectively manage interactions with their site visitors,
customers, and channels. Leveraging the new Java-TM- 2 Platform Enterprise
Edition (J2EE-TM-) standard, the Company's software products are built with
Java and XML and are layered on top of popular application servers like the BEA
WebLogic Server, the iPlanet Application Server and soon the IBM Websphere
Application Server. Open Market's roster of global customers includes
publishers and media companies like McGraw-Hill, FT.com (The Financial Times
Group), and The New York Times Company, financial services companies like Chase
Manhattan Bank, GE Capital, and The Hartford Financial Services Group, and
manufacturers like 3Com, BASF and Milacron. The company, headquartered in
Burlington, Massachusetts, has customers in 39 countries. Open Market's
international head office is in the UK with additional offices in Australia,
Canada, France, Germany, Italy, Japan and The Netherlands. Open Market can be
reached by calling 1-888-OPEN-MKT (toll-free) or 1-781-359-3000 in the U.S. or
+44-1753-838-000 in the U.K. or by visiting http://www.openmarket.com
The following constitutes a "Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains forward-looking
statements that involve a number of risks and uncertainties. Important factors
that could cause actual results to differ materially from those indicated by
such forward-looking statements are set forth under the heading "Certain Factors
That May Affect Future Results" in the Company's Quarterly Report on Form 10-Q
for the quarter ended March 31, 2000. These include risks and uncertainties
relating to: the Company's history of operating losses, continued development
and growth of the Internet, lengthy sales cycles for its products, development
and maintenance of relationships with systems integrators, possible changes in
government regulations, security issues, competitive pressures, attracting and
retaining key employees, management of planned growth, risks associated with
international operations, product development and rapid technological change,
dependence on intellectual property rights, and the Company's ability to
integrate FutureTense.
Open Market, Marketing Studio, Catalog Centre, Syndication Centre, Content
Centre, Content Server, Transact, IPS, ShopSite, and FutureTense are trademarks
or registered trademarks of Open Market, Inc. in the United States and other
countries. All other names are used for identification purposes only and may be
trademarks of their respective owners.
