Media 100 Faces Difficult Financial Situation
February 24, 2004
Marlboro, MA - Media 100 Inc. is actively seeking additional capital or a sale of all or part of the Company's business, which may involve a reorganization, and expects to make a more definitive announcement regarding whether or not such a transaction will occur within the next two weeks, the company has announced.
In the event negotiations do not result in definitive arrangements in the short term, the Company may be required to cease operations.
As previously disclosed in the Company's Form 10-Q for the quarter ended August 1, 2003 filed with the SEC on October 15, 2003, the
Company's ability to continue to operate as a going concern was contingent upon the achievement of forecasted revenue growth from its
product. The Company has not been able to achieve appropriate revenues levels. As a result, the Company has been actively exploring
alternatives relating to either obtaining additional capital or a sale of all or part of the Company's business.
For more information, visit
www.media100.com
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