24/7 Media Evaluating Strategic Alternatives on Cash Position; Reschedules Fourth-Quarter Earnings Announcement.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 20, 2001 24/7 Media Inc. (Nasdaq:TFSM), the global leader in multi-platform interactive marketing, today announced that it has rescheduled its earnings announcement for the fourth quarter and year ended Dec. 31, 2000. The announcement, which had been scheduled for Feb. 26, 2001, is now scheduled for 5 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. on March 21, 2001. The company is actively evaluating strategic alternatives to improve its cash position. The rescheduled date will enable the company to present investors with a more definitive outlook for 2001, including the effects of the company's strategic operating plan announced in November November: see month. 2000, as well as an update on the company's initiatives to improve its cash position. About 24/7 Media Inc. 24/7 Media is a leading global provider of end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. advertising and marketing solutions for Web publishers, online advertisers, advertising agencies, e-marketers and e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. merchants. 24/7 Media provides a comprehensive suite of media and technology products and services that enable Web publishers, online advertisers, advertising agencies and e-marketers to attract and retain customers worldwide, and to reap the benefits of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and other electronic media. The company's solutions include advertising and direct marketing sales, ad serving, promotions, e-mail list management, e-mail list brokerage, e-mail delivery, data analysis, loyalty marketing and convergence solutions, all delivered from its industry-leading data and technology platforms. The company's 24/7 Connect ad serving technology solutions are designed specifically for the demands and needs of advertisers and agencies, Web publishers and e-commerce merchants. 24/7 Media is a global company with headquarters in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information, visit www.247media.com. Caution concerning forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This news release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations, are not guarantees of future performance and are naturally subject to uncertainty and changes in circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Actual results may vary materially from the expectations contained herein due to changes in economic, business, competitive and/or regulatory factors. More detailed information about those factors is set forth in the most recent quarterly report and other filings with the Securities and Exchange Commission made by the companies named herein. In particular, the following risks, among others, could cause actual results to differ materially from those described herein: discussions currently underway may not lead to a completed transaction, or completion of a transaction may require more time than currently contemplated. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this announcement might not occur. |
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