FairMarket Names President and CEO
WOBURN, MA January 17, 2002 FairMarketsm, Inc. (Nasdaq: FAIM), today announced that Nanda Krish, a member of the company`s board of directors and previously interim CEO, has been named president and CEO. In his role as president and CEO, Krish will lead all aspects of the company from overall strategy to day-to-day operations.
Krish, the co-founder of Verilytics Inc., has been a member of the FairMarket board since its founding, and brings 15 years of e-commerce and general management experience to the firm.
About FairMarket
FairMarket provides technology and services that help businesses harness online efficiencies to speed the rate of sales and maximize price margins on excess inventory. FairMarket`s customers include Dell, CompUSA, SAM`S CLUB and Zales. Headquartered in Woburn, Mass., FairMarket also has offices in the U.K. The company can be reached at 800-531-7871 or on the Web at www.fairmarket.com.
This press release contains information about future expectations, plans and prospects of FairMarket, Inc. that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including but not limited to market acceptance of FairMarket`s online auction and other e-commerce services; growth of the market for dynamic e-commerce services; the competitive nature of the online markets in which FairMarket operates; FairMarket`s ability to attract and retain qualified personnel; FairMarket`s ability to retain existing customers and to obtain new customers; the operation and capacity of FairMarket`s network system infrastructure; FairMarket`s ability to expand into new geographic markets and the currency, regulatory and other risks associated with expansion into international markets; FairMarket`s limited operating history; and the other risks and uncertainties discussed under the heading "Risk Factors" in FairMarket`s prospectus filed with the Securities and Exchange Commission on March 14, 2000 in connection with FairMarket`s initial public offering and the reports filed by FairMarket from time to time with the Securities and Exchange Commission. FairMarket assumes no obligation to update any of the information included in this press release.
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