GIGA (C) 2001 Giga Information Group
Giga Information Group Copyright and Material Usage Guidelines
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YOUR E-BUSINESS ADVISOR
FOR IMMEDIATE RELEASE
NEWS RELEASE
FOR INFORMATION CONTACT:
INVESTORS MEDIA
Karen Vahouny David Kitchen
Qorvis Communications Director, Public Relations
[email protected] [email protected]
1 (703) 744-7800 1 (781) 792-2606
GIGA INFORMATION GROUP MARENGHI PUBLIC RELATIONS
139 Main Street Kristen Reidt
Cambridge, MA 02142 [email protected]
www.gigaweb.com 1 (781) 915-5000
1 (617) 949-4900
CAMBRIDGE, Mass. (January 4, 2001) - Giga Information Group, Inc. (NASDAQ:
GIGX) today announced that the listing of its common stock would be
transferred to The Nasdaq SmallCap Market from the National Market effective
with the open of business on Friday, January 5, 2001. Like all companies
listed on a Nasdaq market, continued listing of Giga on the SmallCap Market
is contingent upon the successful completion of an application and the usual
review process as well as continued compliance with Nasdaq listing
requirements, including a minimum market capitalization of $35 million.
ABOUT GIGA INFORMATION GROUP
Giga Information Group provides objective research, advice and continuous
coaching on technology for e-Business. Giga's integrated suite of offerings
helps clients make strategic decisions about the technologies, people and
processes needed to excel in the new digital economy. Emphasizing close
interaction between analysts and clients, Giga delivers support with the
speed and scope necessary for e-Business.
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Giga began providing services in April 1996 and now has a global client base
encompassing more than 1,200 organizations and over 120,000 licensed users.
Its enterprise clients include companies that use, sell and invest in
technology.
Headquartered in Cambridge, Massachusetts, Giga has 10 other offices
covering the Americas and Europe. Giga is also represented by distributors
in other areas of the world. The Company's Web site can be accessed at
http://www.gigaweb.com/. The Company's logo with the name Giga Information
Group is a registered trademark of Giga Information Group, Inc.
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Statements that are not historical fact may be considered forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are not statements of historical
facts, but rather reflect Giga's current expectations concerning future
events and results. Giga generally uses the words "believes", "expects",
"intends", "plans", "anticipates", "likely", "will" and similar expressions
to identify forward-looking statements. Such forward looking statements,
including those concerning Giga's expectations, involve known and unknown
risks, uncertainties and other factors, some of which are beyond Giga's
control, which may cause Giga's actual results, performance or achievements,
or industry results, to be materially different from any future results,
performance, or achievements expressed or implied by such forward looking
statements. In evaluating such statements as well as the future prospects of
Giga, specific consideration should be given to various factors including
the following: Giga's prior losses and anticipation of future losses; Giga's
need to attract and retain qualified personnel; Giga's dependence on sales
and renewals of subscription-based services; Giga's ability to achieve and
sustain high renewal rates; Giga's ability to manage and sustain growth;
Giga's future capital needs and the risks of working capital deficiency;
Giga's dependence on key personnel; competition from other companies
including those with greater resources than Giga; the risks associated with
the development of new services and products; the potential for significant
fluctuations in quarterly operating results; continued market acceptance of
and demand for Giga services; uncertainties relating to proprietary rights;
Giga's dependence on the Internet infrastructure; the risk of system
failure; the risks related to content; the risks associated with
international operations; and other risks as detailed from time-to-time in
the Company's filings with the Securities and Exchange Commission. The
Company undertakes no obligation to update any forward-looking statements as
a result of new information, unanticipated events, or otherwise.
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