AGENCY.COM Announces Completion of Founders' Agreement With Seneca Investments LLC.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 1, 2001 Seneca Seneca, the elder, c.60 B.C.–c.A.D. 37, Roman rhetorician and writer Seneca, the elder (Lucius, or Marcus, Annaeus Seneca) (l Investments now owns approximately 65% of AGENCY.COM; Shareholder's Meeting scheduled for October 31, 2001 AGENCY.COM Ltd., (Nasdaq: ACOM (language) ACOM - An early system on the IBM 705. [Listed in CACM 2(5):16 (May 1959)]. ), a leading e-business builder in global markets, said that the previously announced agreement by the company's founders' to sell their shares to Seneca Investments LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has been completed. With the completion of this agreement, Seneca has increased its stake in AGENCY.COM to approximately 65% (calculated by diluting for warrants but not options) from about 45%. AGENCY.COM also announced that a special shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. has been scheduled for October 31, 2001. At the meeting, shareholders will consider the merger in which Seneca would acquire the remaining shares at $3.35 per share. The closing of the merger agreement will be subject to the approval of 66-2/3% of the non-Seneca stockholders and other closing conditions. About Seneca Investments LLC Seneca Investments LLC is a company that invests in e-services businesses. Seneca presently has investments in 15 companies, including AGENCY.COM. About AGENCY.COM AGENCY.COM is a leading e-business builder in global markets. The company provides strategy, branding and technology services that help its clients build and grow their interactive business across multiple digital channels -- the Web, wireless and interactive television. Founded in January 1995, AGENCY.COM is headquartered 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 and has offices in Amsterdam, Atlanta, Boston, Chicago, Copenhagen, Dallas, London, Paris, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Woodbridge (NJ) and affiliate offices in Australia, Korea and Singapore. AGENCY.COM serves a broad and diversified diversified (di·verˑ·s global client base in a variety of industries. For more information, please visit www.agency.com. Matters discussed in this release include 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. that involve risks and uncertainties, and actual results may be materially different. Many factors could cause actual events or results to differ from anticipated events or results, including without limitation, the failure of the proposed merger with Seneca Investments to occur, the ability of the Company to attract additional business, the potential for contract cancellation by our customers, the ability of the Company to attract and retain skilled employees, and other items that are contained in AGENCY.COM's reports and documents filed from time to time with the Securities and Exchange Commission, which readers are urged to consult. |
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