| MINNEAPOLIS, Jul 8, 2002 (BUSINESS WIRE) -- Net Perceptions, Inc. (Nasdaq:NETP)
announced today that it will record a $1.6 million loss on investment for the
quarter ended June 30, 2002 and a $1.4 million reduction in cash and
investments, resulting from its sale of $2.1 million in face amount of WorldCom
bonds held in the Company's investment portfolio. The Company said this would
not affect its operating income for the quarter or its ongoing operations or
strategy. The Company will release its earnings for the quarter ended June 30,
2002 on July 30, 2002
About Net Perceptions
Net Perceptions (Nasdaq:NETP) is a software and services company that provides
solutions for intelligent customer interaction that drive demand, grow revenue
and increase profitability. Net Perceptions is headquartered in Minneapolis and
has offices in the United States and in Europe. Customers include market leaders
such as 3M, Brylane, GUS (Great Universal Stores), JC Penney and J&L Industrial
Supply. For more information visit http://www.netperceptions.com or call
800-466-0711.
Net Perceptions and the Net Perceptions logo are registered trademarks of Net
Perceptions, Inc. All other trademarks are the property of their respective
owners. This press release contains "forward-looking statements" within the
meaning of the federal securities laws, including statements concerning business
strategies and their intended results, and similar statements concerning
anticipated future events and expectations that are not historical facts. The
forward-looking statements in this press release reflect management's best
judgment at the time they are made, but all such statements are subject to
numerous risks and uncertainties, which could cause actual results to differ
materially from those expressed in or implied by the statements herein.
Additional information concerning potential factors that could effect future
financial results are detailed from time to time in the company's filings with
the U.S. Securities and Exchange Commission.
CONTACT: Net Perceptions, Inc., Minneapolis
Sharri Major, 952/842-5402
smajor@netperceptions.com
or
Tom Donnelly, 952/842-5400
tdonnelly@netperceptions.com
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