Engage Exceeds Fiscal Second Quarter 2001 Revenue Guidance; Reaffirms Cash Earnings Guidance.Business Editors/High Tech Writers ANDOVER, Mass.--(BUSINESS WIRE)--Feb. 13, 2001 Company to release final financial results on March 12 Engage, Inc. (Nasdaq: ENGA), a leading enterprise marketing software and interactive media company, today announced that based on preliminary results, it has exceeded its fiscal second quarter revenue guidance of $25 million, announced on January 17. In addition, based on preliminary results, the company has reaffirmed previous guidance that its cash loss is expected to be no greater than $0.28 per share for the fiscal second quarter. The company will release final fiscal second quarter financial results on March 12. "We are pleased to report that Engage will exceed previous revenue guidance and will meet or exceed our earnings guidance for the second quarter," said Tony Nuzzo, president and 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. , Engage. "This is an indication that our restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). is starting to pay off." In January, Engage announced a streamlining of operations designed to increase operational efficiencies, improve margins and reduce expenses. "The management team at Engage is creating a strong operational foundation for the company and I am particularly pleased with the progress that has been made," said David Wetherell, chairman of the board, Engage and chairman and CEO, CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) . "We are committed to making Engage a leader in the enterprise marketing software and interactive media markets." The company's cash loss excludes amortization of goodwill and other intangible assets Intangible Asset An asset that is not physical in nature. Notes: Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets. , stock compensation, in-process R&D, acquisition costs, restructuring costs, and other one-time charges. Engage will host a conference call on March 12, 2001 at 5:00 p.m. EST P.M. also p.m. or p.m. abbr. post meridiem Usage Note: By definition, 12 a.m. to discuss second quarter fiscal year 2001 financial results. A live Web cast will be accessible at www.engage.com/investor. About Engage(R) Engage, Inc. (Nasdaq: ENGA) is a leading enterprise marketing software and interactive media company. A majority-owned operating company operating company A business that engages in transactions with outsiders. of CMGI, Engage enables companies to harness the power of interactive marketing to create more loyal customers, maximize revenue, and increase their brand's visibility and recognition. Based in Andover, Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. , Engage has European headquarters in London and
offices worldwide. For more information on Engage please call
877-U-ENGAGE or visit www.engage.com .
Statement 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 This press release includes forward-looking information. All statements other than statements of historical fact 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. including, but not limited to, statements regarding the company's ability to increase operational efficiencies, improve margins, reduce expenses and become a leader in the enterprise marketing software and interactive media markets. These forward-looking statements are subject to a number of risks and uncertainties, which could cause Engage's future results of operations to differ materially from those anticipated. These risks are detailed in Engage's 2000 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and from time to time in Engage's other reports filed with the SEC and with respect to forward looking statements of CMGI, Inc., in CMGI's 2000 Annual Report on Form 10-K and from time to time in CMGI's other reports filed with the SEC and with respect to forward looking statements of CMGI, Inc., in CMGI's 2000 Annual Report on Form 10-K and from time to time in CMGI's other reports filed with the SEC. |
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