TownPagesNet.com plc to Seek Shareholder Approval for Name Change to TPN Holdings plc.Business/Technology Editors MANCHESTER, England--(BUSINESS WIRE)--Feb. 20, 2001 TownPagesNet.com plc (AMEX AMEX See: American Stock Exchange :TPN TPN, in biochemistry, abbreviation for triphosphopyridine nucleotide, a coenzyme now usually called nicotinamide adenine dinucleotide phosphate, or NADP. ) today announced that it will seek shareholder approval for a name change to TPN Holdings plc. at an extraordinary general meeting to be convened on February 28, 2001. The new name will reflect the significant changes made over the past six months to the Company's shape and direction. Its new business strategy has de-emphasised the branding of TownPages, which is now used solely for its information service website, and the Town Pages UK Limited subsidiary has been renamed Avatar Interactive Limited. The Company's management and board of directors firmly believe that the name TPN Holdings plc more accurately portrays its structure as a holding company with investments in a number of subsidiaries, such as Buyers Guide plc and the WWW WWW or W3: see World Wide Web. (World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site. Group, which are active in Internet, New Media and advertising related services to both businesses and consumers. Several of these investments generate revenues from traditional sources as opposed to typical "dotcom" income, although the Company does retain a significant interest in the new technology sector. "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. " 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 of 1995: This 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. that are subject to risks and uncertainties including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, reliance on key strategic alliances, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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