Correction: NewsEdge to Report 2001 First Quarter Results On May 14th And Host Conference Call and Webcast.Business Editors BURLINGTON, Mass.--(BUSINESS WIRE)--May 8, 2001 NewsEdge Corporation (Nasdaq:NEWZ), a global provider of syndicated content services and electronic publishing An umbrella term for non-paper publishing, which includes publishing online or on media such as CDs and DVDs. technologies for business, announced today that it will release its 2001 first quarter results before the market opens on Monday, May 14th, not on May 9th as previously announced. The Company will host a conference call and Webcast at 11:00 am (Eastern) on that date. Both the call and Webcast are open to the general public. NewsEdge has determined it requires additional time to account for the one-time impact arising from the recently announced Chapter 11 bankruptcy filing of Winstar Corporation, whose Office.com subsidiary had outstanding obligations to the Company of as much as $1.3 million. The Company reiterated its expectation that but for the impact of this one time-item, it was comfortable that revenue and net loss from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the would be in the range of estimates announced for the quarter ending March 31, 2001 in its April 2, 2001 press release updating management's outlook. The conference call dial-in # is 212/346-0282 or 415/537-1865. The call leader is NewsEdge CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Cliff Pollan Pol´lan n. 1. (Zool.) A lake whitefish (Coregonus pollan), native of Ireland. In appearance it resembles a herring. , and the confirmation # is 18819534. Please call five minutes in advance to ensure that you are connected prior to the presentation. Questions and answers will be taken only from participants on the conference call. The conference call replay will be available for 24 hours Adv. 1. for 24 hours - without stopping; "she worked around the clock" around the clock, round the clock following the completion of the call starting at 1:00 p.m. (Eastern) on May 14th. The replay dial-in # is 800/633-8284 or 858/812-6440 (international callers); the access code #18819534. Interested parties may also access the live call via Webcast on the Internet at www.newsedge.com or on the Street Events site at www.streetevents.com. The Webcast will be archived on the NEWZ Website for 14 days following the call. About NewsEdge NewsEdge Corporation (NASDAQ:NEWZ) is a leader in business-oriented news syndication See newsfeed and syndication format. and infrastructure services for Web sites and corporate Intranets. NewsEdge services make organizations smarter, attract specialized audiences, foster high-frequency usage, promote Web site "stickiness" and ultimately cultivate commerce. NewsEdge serves thousands of Websites and companies with highly targeted content solutions from the NewsEdge Refinery, including industry-specific topics, wireless services, turn-key permission marketing and publishing tools, outsourced editorial capabilities and sub-second live news feeds and applications. The NewsEdge Refinery combines a patented combination of sophisticated technology and human editorial review to deliver highly targeted news on more than 1,700 business topics from more than 2,000 sources. NewsEdge is headquartered in Burlington, Massachusetts Burlington is a town in Middlesex County, Massachusetts, United States. The population was 22,876 at the 2000 census. History Burlington was first settled in 1641 and was officially incorporated on February 28, 1799. , with offices and distributors throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe, Japan and the Middle East. For more information about NewsEdge Corporation visit www.newsedge.com (c)NewsEdge Corporation, 2000, all rights reserved. NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners. Certain of the above statements concerning the Company's expected revenue and financial performance for the quarter ended March 31, 2001 are 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. Actual results could differ materially from these statements as a result of such risks and uncertainties, including the fact that accounting for the financial results for the quarter ending March 31, 2001 is not yet finalized due to the Winstar bankruptcy, and other risk factors described from time to time in the Company's SEC filings. |
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