CLARIFICATION of BW0693-10/25, CA-ANSWERS.COM, Issued Wednesday, Oct. 25.Business Editors & High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers CLARIFICATION by Answers.com The leading reference site on the Web from Answers Corporation, New York & Jerusalem (www.answers.com). Answers aggregates dictionary and encyclopedia content from more than 100 sources in all fields. PASADENA, Calif.--(BUSINESS WIRE)--Nov. 3, 2000 On Wednesday Wednesday: see week. , Oct. 25, Answers.com released a news release titled "Answers.com Acquires KnowItAll Inc. Creating Leading Player in Web-Enabled Customer Interaction Space." This news release stated that Answers.com had "acquired" KnowItAll Inc. Answers.com(R) has reached an agreement with KnowItAll Inc. to acquire 100% of the common and preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of KnowItAll Inc. through the merger of a newly formed subsidiary of Answers.com into KnowItAll Inc. The acquisition has not yet been completed and remains subject to stockholder approval and the satisfaction of other closing conditions. At this time, it is anticipated that the acquisition will be consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. by late November November: see month. , 2000. About Answers.com Answers.com (http://www.answers.com) is a provider of online customer service tools that help businesses of all sizes manage inquiry volume, minimize costs and maximize customer satisfaction. Through its advanced question and answer technology, Answers.com provides the best tools for online customer service support. Simply put, it allows any company's Web site visitors to quickly find real answers to their questions -- 24 hours a day, seven days a week. Established in 1996 by idealab!, Answers.com was recently acquired and relaunched by Net Shepherd Inc. to target the business-to-business market. Current customers include GE Plastics (www.askedison.com), PE Care (www.pecare.com), !hey Software (www.heyinc.com), CareerBuilder Inc. (www.careerbuilder.com) and NetPreSys (www.netpresys.com). |
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