NEW YORK, Feb. 26, 2001 (PRIMEZONE) -- MonsterDaata, Inc. (OTCBB:MDDC), an information infrastructure utility company, announced Friday its Board's intention to implement a 1 for 5 reverse stock split.
In order to clarify the release of this past Friday, the approval for the reverse stock split by the Board of Directors was granted on Friday, while the effective date of the actual split will be at the end of March 2001.
About MonsterDaata
MonsterDaata, Inc. (www.monsterdaata.com) has developed advanced data compilation, transformation and delivery technology designed to transform and distribute significant amounts of information from disparate sources for a number of business verticals and professionals. The company distributes content and applications solutions in a highly customizable, flexible manner. These products are designed to enable businesses to easily aggregate, analyze and distribute customized, industry-specific content in order to better drive their sales and marketing programs, increase revenue and traffic, and reduce transaction costs.
The statements contained in this release that are not historical facts contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, the risks and uncertainties detailed in MonsterDaata's Securities and Exchange Commission filings.