meximick's Diaryland Diary ----------------------------------------------------------------------------------------- A News Release What a big, big day for me! I don't know quite what this means for me, but the press release below is about my company. I'm going to the liquor store near my apartment and celebrate and/or apply to jobs online.
Go to the site and check on the prices of your stocks while you can! Yay! ***************************************************************************************************** NEW YORK - February 1, 2001 - Bridge Information Systems Inc. (BRIDGE�) today announced that an involuntary petition under the United States Bankruptcy Code was filed in the United States Bankruptcy Court for the Eastern District of Missouri in St. Louis by Highland Capital. The Company said that it is currently evaluating its options, which may include seeking a dismissal of the involuntary filing or converting it to a voluntary bankruptcy case while it continues to pursue a recapitalization and debt restructuring plan that the Company has been discussing with its largest shareholder, Welsh, Carson, Anderson & Stowe, and certain of its creditor groups. Under the involuntary proceeding, BRIDGE� is permitted to operate its business in the ordinary course, unless the Court orders otherwise. The Company said that it intends to continue to pay employees' pre-petition and post-petition wages, salaries and benefits without interruption, and to fulfill obligations to clients throughout the reorganization. The Company said that it has retained PricewaterhouseCoopers to assist management in identifying and evaluating alternative strategies regarding a financial restructuring. BRIDGE said that it has taken significant steps to improve operations over the last several months. About BRIDGE BRIDGE, together with its principal operating units, Bridge Information Systems, Telerate�, Inc., eBRIDGE(SM), Bridge Trading, and BridgeNewsSM, is the largest provider of financial information and related services in North America and one of the fastest growing in the world. BRIDGE information products include a wide range of workstations, market data feeds and web-browser-based applications, combined with comprehensive market data, in-depth news, powerful analytic tools and trading room integration systems. BridgeNews leverages a network of 600 BRIDGE journalists in more than 100 locations that break news that affect securities markets globally. BRIDGE is the co-producer of the Nightly Business Report and is a leading provider of financial news and information to media companies worldwide. BRIDGE, with 5000 employees worldwide, and over a quarter of a million users in over 65 countries, is headquartered in New York City with the BRIDGE Trading and Technology center in St. Louis, and major regional centers in Europe, the Middle East, Africa, and the Pacific Rim. For more information visit the BRIDGE web site at www.bridge.com 21:54:24 - 2001-02-01 ----------------------------------------------------------------------------------------- |
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