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SBI and Company Completes Acquisition of Razorfish, Inc.

SALT LAKE CITY -- SALT LAKE CITY, March 3 /PRNewswire/ -- SBI and Company (SBI) announced today the completion of its acquisition of Razorfish, Inc., . On February 28, 2003, SBI merged its wholly-owned subsidiary, SBI Purchase Corp., into Razorfish. As a result of the merger, Razorfish is now wholly-owned by SBI. SBI had previously acquired approximately 52% of the issued and outstanding shares of Razorfish pursuant to a tender offer that was completed January 22, 2003.

All Razorfish stockholders of record as of February 28, 2003 (other than SBI) are entitled to receive the merger consideration of $1.70 per share. SBI will be sending notice of the merger to the stockholders of record. The notice will include instructions for obtaining payment of the merger consideration.

Razorfish has notified Nasdaq of the merger and Razorfish shares will no longer be traded from and after 9:00 a.m. Eastern Time March 3, 2003.

About SBI and Company

SBI and Company is a leading professional services firm that delivers measurable business value to market leading companies in a focused set of industries. SBI helps clients: develop meaningful customer relationships through effective integrated and interactive marketing; improve collaboration with employees, partners, and suppliers through real-time enterprise systems, Web services, Intranets, and portals; and improve business performance through digital dashboards, enterprise content management, business process design, and program management offices. SBI and Company has offices in major cities across the U.S. and a European base of operations in London. For more information, visit

About Razorfish

Razorfish is an IT consulting firm that designs and builds Web applications for e-commerce, customer and partner relationship management, employee self-service, and enterprise measurement. Following a user-centered design approach, Razorfish's applications are designed to help increase customer adoption and productivity with the goal of maximizing business results and returns on IT investments. Razorfish's multi-disciplinary teams combine business strategists, information architects and designers, as well as technology architects and software engineers. Razorfish is headquartered in New York and has offices in Boston, Los Angeles, San Francisco, and Silicon Valley. Recent Razorfish clients include Cisco Systems, Western Union, VeriSign, Microsoft, Avaya, and GlaxoSmithKline. For more information visit:

CONTACT: Michael Adams, SBI and Company, +1-801-733-3250,; or Razorfish shareholders please contact, David LaBar of Razorfish, Inc., +1-212-798-7941,

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Publication:PR Newswire
Geographic Code:1USA
Date:Mar 3, 2003
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