Beyond.com Corporation Announces Note Exchange Offer.Business Editors SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Aug. 9, 2000 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. services provider Beyond.com Corporation (Nasdaq: BYND) today announced an offer to exchange its 10 7/8% Convertible Subordinated Notes due December 1, 2003 for the company's outstanding 7 1/4% Convertible Subordinated Notes due December 1, 2003. The exchange offer will commence today on August 9, 2000, and is scheduled to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on September 6, 2000, unless extended. The company previously announced the filing of a registration statement for this exchange offer. The exchange offer will be effected on the basis of $2,000 principal amount of exchange notes for each $3,000 principal amount of existing notes validly tendered and accepted for exchange in the exchange offer. The aggregate principal amount of the existing notes is $63.25 million. The exchange notes will be convertible at any time following issuance and prior to maturity, unless previously redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. , into common stock of Beyond.com Corporation at a conversion price of $2.875 per share. The exchange notes will be redeemable Redeemable Eligible for redemption under the terms of an indenture. at the option of the company on or after December 6, 2001, subject to certain conditions, and at the option of the holders in the event of a change in control. Robertson Stephens will act as dealer manager to solicit exchanges. LaSalle National Bank, will act as exchange agent. A prospectus for the exchange offer will be available from Georgeson Shareholder Communications Inc., 17 State Street, 10th Floor, 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 , NY 10004 (toll free 800-223-2064; collect 212-440-9800), which has been retained as information agent. Holders of the existing notes should contact Robertson Stephens at 800-234-2663 for additional information. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission. These securities may not be exchanged or sold, nor may offers to exchange or may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to exchange, sell, or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to exchange or buy, nor shall there be any exchange or sale in any state in which such offer, exchange, solicitation, or sale would be unlawful prior to registration or qualification under the securities act of any such state. About Beyond.com Beyond.com(TM) is an e-commerce services provider that builds, manages and markets online stores for businesses. The company also sells software and computer-related products to consumers and U.S. Government agencies. The company's BuyDirect Group provides eStores by Beyond.com, a suite of services that enables software developers, systems OEMs and hardware manufacturers to market and sell over 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 . Beyond.com's Government Systems Group provides digital distribution of software and related services to a growing list of U.S. Government agencies. Beyond.com Corporation trades on the Nasdaq National Market under the symbol ("BYND"). More information on the company can be found in the company's filings with the Securities and Exchange Commission ("SEC"). |
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