MINNEAPOLIS - Net Perceptions, Inc. (Nasdaq: NETP) today announced that its board of directors has received a letter from Obsidian Enterprises, Inc. (OTC: OBSD) stating that, "subject to completing confirmatory due diligence, Obsidian is prepared to offer NETP shareholders the opportunity to receive $.20 per share in cash and 0.6 of a share of Obsidian common stock per share of NETP common stock."

Net Perceptions said its board of directors would consider and evaluate, consistent with its efforts to maximize stockholder value, the Obsidian proposal.

CONTACT: Tom Donnelly
President and Chief Financial Officer
Net Perceptions, Inc.
952-842-5400
tdonnelly@netperceptions.com