Art Technology Group Announces a Two-for-One Stock Split.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 29, 2000 Art Technology Group, Inc. ("ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG) Atgam Pharmacologic class: Immunoglobulin Therapeutic class: Immunosuppressant ") (Nasdaq: ARTG ARTG Australian Register of Therapeutic Goods ), today announced that its Board of Directors has approved a two-for-one stock split, to be effected in the form of a stock dividend. The record date for this stock split has been set for March 10, 2000. The stock split will increase the number of shares of Common Stock outstanding from approximately 33,086,299 million shares as of February 28, 2000 to approximately 66,172,598 million shares. The shares resulting from this split are expected to be distributed by the transfer agent on or about March 24, 2000. About Art Technology Group Art Technology Group, Inc. is a leading provider of Internet customer relationship management and electronic commerce products and services. ATG offers an integrated suite of Java application A Java program that is run stand alone. The Java Virtual Machine in the client or server is interpreting the instructions. Contrast with Java applet. See servlet. server-based products and services, as well as related application development, integration and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . ATG's Dynamo(R) product suite enables Global 1000 enterprises, as well as new businesses using the Internet as their primary business channel, to understand, manage and build their online customer relationships and to more effectively market, sell and support their products and services over the Internet. This press release contains 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. for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under 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 involve known and unknown risks and uncertainties that may cause ATG's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Important risk factors affecting ATG's business generally may be found in ATG's prospectus and in periodic reports and registration statements filed with the Securities and Exchange Commission. Risk factors related to the subject matter of this press release include the possibility that the completion of the company's stock split will not be realized on the aforementioned date. ATG undertakes no obligation to update any of the forward-looking statements after the date of this press release. |
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