Der Neuanfang ab 12. Juni 2006 ???? - 500 Beiträge pro Seite

[gallator]

Nun ist der Zeitpunkt des Reverse-Split von 1 zu 7 offiziell.


Press Release Source: Verticalnet, Inc.


Verticalnet Completes New Debt Financing Arrangement and Announces a One-for-Seven Reverse Split
Friday May 26, 9:01 am ET


MALVERN, Pa.--(BUSINESS WIRE)--May 26, 2006--Verticalnet, Inc. (Nasdaq:VERT - News),a leading provider of on-demand supply management solutions, today announced it completed its debt financing and plans to effect a reverse stock split on June 12, 2006.


Financing

On May 15, 2006, Verticalnet, Inc. entered into a Note Purchase Agreement with an institutional investor. Under the terms of the Purchase Agreement, the investor agreed to loan the Company $4.0 million and the Company agreed to issue to the investor a senior subordinated discounted promissory note in the principal amount of $5.3 million. The Company issued the note on May 18, 2006. The transaction resulted in net proceeds to the Company of approximately $3.7 million, after deducting the estimated offering costs and fees. The Company intends to use these proceeds for working capital and general corporate purposes, subject to certain exceptions and limitations set forth in the note.

"Verticalnet is pleased to announce the infusion of additional capital from a new, highly reputable investor in a form that does not dilute our existing shareholders," stated Nathanael Lentz, President and CEO of Verticalnet. "With additional liquidity, focused cost management, and recent go-to-market success, we believe that the business has adequate capital to see Verticalnet through to cash flow break-even in future quarters while enabling us to continue to invest in products and customer success."

Reverse Stock Split

The Company also announced that its Board of Directors had authorized a one-for-seven reverse split of its common stock, which was approved by the Company's shareholders at the 2006 Annual Meeting of Shareholders on May 19, 2006.

In the reverse stock split, each seven shares of outstanding common stock will be combined into and automatically become one share of common stock. No fractional shares will be issued in connection with the reverse stock split. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share and no cash payment will be made in respect to such rounding. All outstanding options, warrants, convertible notes or other rights convertible into or exercisable for shares of common stock, will be adjusted in accordance with their terms and pursuant to the one-for-seven ratio.

The Company anticipates that its common stock will begin trading on a split-adjusted basis when trading opens on June 12, 2006, with the interim ticker symbol "VERTD." After 20 days, the Company expects that the "D" designation will be removed, and its ticker symbol will revert back to "VERT." The Company's transfer agent will mail instructions to all shareholders of record as of the effective date of the reverse stock split, explaining the process for obtaining new post-split stock certificates.

The Company is implementing the reverse stock split in order to meet the Nasdaq Capital Market's $1.00 per share minimum bid price requirement. The Company anticipates that following the reverse stock split, its common stock will trade at a price that is higher than the $1.00 per share minimum bid price. However, there can be no assurance that following the reverse stock split the Company will be able to meet all initial inclusion criteria for the Nasdaq Capital Market in Nasdaq Marketplace Rule 4310(c), or that the Company's common stock will continue to be listed on the Nasdaq Capital Market.

About Verticalnet, Inc.

Verticalnet is a leading provider of on-demand supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

Cautionary Statement Regarding Forward-Looking Information

This announcement contains forward-looking information that involves risks and uncertainties. Such information includes statements about the financing and the use of proceeds therefrom, that we believe that the business has adequate capital to see Verticalnet through to cash flow break-even in future quarters while enabling us to continue to invest in products and customer success, the pending reverse stock split, the ability to maintain the listing of the Company's common stock on the Nasdaq Capital Market and the ability to satisfy the $1.00 per share minimum bid price requirement set forth in Nasdaq Marketplace Rule 4310(c) if a reverse stock split is effected, as well as statements that are preceded by, followed by or include the words "believe," "plans," "intends," "expects, "anticipates," or similar expressions. For such statements, Verticalnet claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Factors that could cause actual results to differ from those contained in the forward-looking statements include, but are not limited to, those factors set forth in the Annual Report on Form 10-K for the year ended December 31, 2005 and the Quarterly Report on Form 10-Q for the for quarterly period ended March 31, 2006 which have been filed with the SEC. Verticalnet is making these statements as of May 26, 2006 and assumes no obligation to publicly update or revise any of the forward-looking information in this announcement.

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC



Contact:
Verticalnet, Inc.
Public Relations Contact:
Scuzscon Walker, 610-695-2301
[e-mail]
or
Investor Relations Contact:
Gene S. Godick, 610-240-0600
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.

Und ratet mal was danach passieren wird ????

Gruß

Gallator

[gallator]

in den USA wurde der Reverse Split 1:7 vollzogen ! Und gleich wieder 10% Verlust !!!

[gallator]

Wenn jetzt noch das nächste Quartal bessere Zahlen bringt, na dann aber ........


Verticalnet Reports Record Growth in On Demand Supply Management Adoption
Wednesday June 14, 10:53 am ET
Companies Leverage On-Demand Capabilities of Verticalnet XE to Quickly Realize the Benefits of Strategic Sourcing


MALVERN, Pa.--(BUSINESS WIRE)--June 14, 2006--Verticalnet, Inc. (Nasdaq:VERTD - News), a leading provider of on-demand supply management solutions, today announced dramatic increases in customer utilization of the Verticalnet XE Supply Management Suite.

Verticalnet's primary measure of customer volume, electronic negotiation events in its XE platform, has surged over the past 12 months, averaging greater than 15% growth per month over the last 12 months. A secondary measure, supplier participation in electronic negotiation events on the XE platform, has grown by an average exceeding 50%, per month in this same time period. The increases in customer volume and supplier penetration reflect the dramatic increase in value experienced by Verticalnet customers through their focused programs to drive adoption of Verticalnet's On Demand XE spend analysis and strategic sourcing solutions.

Even as customer volume has been building, Verticalnet's primary measure of operating efficiency, average cost-per-event, has improved dramatically over the past 12 months. In 2006 to date, cost-per-event on the XE platform has declined an average of 15% per month. Verticalnet's On Demand software-as-a-service (SaaS) approach to supply management provides a scalable solution for customer growth without the corresponding cost impacts experienced by conventional packaged software vendors.

Increasing customer satisfaction is also driving Verticalnet's customers to expand globally, with the number of users in China, France, Hong Kong, Japan, Taiwan, and the United Kingdom up by more than 34% over the last 12 months. Since November 2006, overall user satisfaction with Verticalnet software, services, and support has improved 21% with significant majority of respondents either satisfied or extremely satisfied with their overall experience with the Verticalnet solution.

"Verticalnet's on-demand sourcing application has been an excellent platform for our business," says Tony Kniffen, Vice President of Business Development for The Sourcing Authority. "Verticalnet's reliable solutions and customer support services have enabled our international customer base, and provided a strong solution to deliver our value proposition." Kniffen concludes, "With Verticalnet we're continuing to deliver on our core mission 'State-of-the-Art Sourcing. Simplified.'" The Sourcing Authority, a Verticalnet customer since early 2006, is a supply management consultancy offering sourcing strategy consulting and negotiation event execution.

"The value and affordable scalability of our on-demand, SaaS solutions are driving supply management performance to a higher level than we have ever experienced before," said Luke Schneider, Verticalnet Senior Vice President of Operations. "As we continue to set records for volume, cost management and customer satisfaction, we are encouraged by the overall health of the XE product line in terms of new customers, year over year revenue increases, and overall customer usage."

The Verticalnet XE Supply Management Suite provides an easy to use, rapid to implement, and comprehensive solution to support online negotiation, sourcing process standardization, contract creation and collaboration, spend analysis, and supplier performance management.

About Verticalnet

Verticalnet is a leading provider of on-demand supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

The Verticalnet XE Supply Management suite is available on-demand and includes:

Verticalnet® Program Manager-- lowers the total cost of ownership and improves productivity through sound and re-usable program and process management
Verticalnet® Spend Manager-- a fast, intelligent, and repeatable spend analysis solution for identifying, evaluating, and quantifying enterprise-wide sourcing opportunities while measuring compliance
Verticalnet® Negotiation Manager-- accelerates and improves negotiated savings from strategic sourcing through online auctions and eRFX events
Verticalnet® Procurement Manager-- simplifies and improves control over the procurement process to help companies realize the maximum cost savings identified through supplier sourcing and negotiation
Verticalnet® Contract Manager-- provides real-time insights into contract obligations, exposures, expirations, changes and renewals delivering greater control, reducing costly oversights and minimizing supplier risk
Verticalnet® Performance Manager-- enables companies to effectively track and manage supplier performance, contract compliance and identify potential areas of supplier risk
To learn more, please visit us at www.verticalnet.com.



Contact:
Verticalnet, Inc.
Media Contact:
Scuzscon Walker, 610-695-2301
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.


Gruß

Gallator

[gallator]

zur Info

Form 8-K for VERTICALNET INC


--------------------------------------------------------------------------------

14-Jun-2006

Material Modification to Rights of Security Holders, Amendments to Articles of In



Item 3.03 Material Modifications to Rights of Security Holders.
On June 8, 2006, Verticalnet, Inc. ("Verticalnet") effected a one-for-seven reverse split of its outstanding shares of common stock, par value $0.01 per share (the "Common Stock"), upon the filing of an Amendment to its Amended and Restated Articles of Incorporation as described in Item 5.03 below (the "Reverse Stock Split"). The Reverse Stock Split was effective at 7:59 a.m. on June 12, 2006 (the "Effective Time"). Pursuant to the Reverse Stock Split, each holder of seven shares of Common Stock immediately prior to the Effective Time became the holder of one share of Common Stock. All outstanding options, warrants, convertible notes or other rights convertible into or exercisable for shares of Common Stock, were adjusted in accordance with their terms and pursuant to the ratio of the Reverse Stock Split. No fractional shares were issued in connection with the Reverse Stock Split. Any fractional shares resulting from the Reverse Split were rounded up to the nearest whole share and no cash payment was made in respect to such rounding.

As of the opening of The Nasdaq Capital Market on June 12, 2006, the Common Stock began trading on a split-adjusted basis under the trading symbol "VERTD" for a period of 20 trading days. Commencing July 11, 2006, the Common Stock will resume trading under the symbol "VERT."





Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On June 8, 2006, Verticalnet filed an Amendment to its Amended and Restated Articles of Incorporation (the "Amendment") with the Secretary of State of the Commonwealth of Pennsylvania to effect: (i) the Reverse Stock Split; and (ii) an increase the number of authorized shares of Common Stock to 21,428,571 shares. A copy of the Amendment is attached to this current report as Exhibit 3.1 and is incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits.
(d) Exhibits

3.1 Amendment to Amended and Restated Articles of Incorporation

[gallator]

Nicht schlecht ! Neuer Kunde !


MALVERN, Pa.--(BUSINESS WIRE)--June 15, 2006--Verticalnet, Inc. (Nasdaq:VERTD - News), a leading provider of on-demand supply management solutions in partnership with Archstone Consulting, today announced that a global leader in web offset printing solutions, Goss International, has successfully deployed the Verticalnet® XE Negotiation Manager module as its eSourcing negotiation platform.


With manufacturing sites in America, Asia and Europe and a support network spanning the globe, Goss International specializes in advanced press and post-press technology for all newspaper and commercial web printing applications. Goss customers include many of the largest newspapers and commercial printers in the world, such as the The New York Times, Tribune Publishing, Apple Daily, R.R. Donnelley and QuebecorWorld. Innovation is a leading driver of Goss International's competitive strategy. This focus on leading technology and solutions requires the effective sourcing of machinery, parts, and related press components as a key enabler for success. Goss International is committed to setting new cost-effective standards for quality, productivity, efficiency, and reliability with their print solutions.

Prior to implementing the Verticalnet XE Negotiation Manager module, Goss International required both a standardized process for sourcing and the tools necessary to identify and seize market opportunities to drive savings. After a pilot process including dozens of live eSourcing events, Goss International has selected Verticalnet as their On Demand supply management solutions provider.

The Goss e-sourcing program has been rolled out with a targeted scope focused on specific categories supporting core production machinery and related parts. Goss International executes approximately 15 on-line negotiation events per week, including reverse auctions. Buyers typically identify new demand and related product requirements at the beginning of the week, and configure and launch the required sourcing event by the next day. As a result of the deployment of Verticalnet XE Negotiation Manager, Goss International has improved their sourcing process through standardization, produced new cost-savings on their largest categories of spend, and formalized their supplier relationships to drive effective and rapid negotiation.

The Verticalnet XE solution simplifies the sourcing process, facilitates rapid negotiation between buyers and suppliers and establishes best practices by category for re-use with each new event. The speed of implementation and formalization of process will allow Goss International to roll the solution out to Europe and Asia based locations with minimal training.

"We are now able to rapidly identify and capture savings through eSourcing using the Verticalnet XE solution" states Mike Beaudin, Senior Purchasing Manager for Goss International. "Our buyers are able to quickly launch new events, manage the entire process through standardized templates, and repeat the process over and over again with minimal effort." Mr. Beaudin concludes, "We selected the Verticalnet solution primarily because of the fact we could get started quickly and we could easily standardize our sourcing process for critical materials, and because Verticalnet offered a flexible approach to both pricing and on-demand delivery of the solution."

"Many mid-market companies like Goss International are looking to On Demand solutions and focused services to enable their online sourcing process." states Brent Habig, Executive Vice President of Consulting for Verticalnet. Habig concludes, "In working closely with Archstone Consulting, it is clear that the selection of the Verticalnet XE solution by Goss International is another indication of the value of our channel partner relationships to reach mid-market companies."

About Verticalnet

Verticalnet is a leading provider of on-demand supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

The Verticalnet XE Supply Management suite is available on-demand and includes:

Verticalnet® Program Manager-- lowers the total cost of ownership and improves productivity through sound and re-usable program and process management
Verticalnet® Spend Manager-- a fast, intelligent, and repeatable solution for identifying, evaluating, and quantifying enterprise-wide sourcing opportunities while measuring compliance
Verticalnet® Negotiation Manager-- accelerates and improves negotiated savings through online auctions and eRFX events
Verticalnet® Procurement Manager-- simplifies and improves control over the procurement process to help companies realize the maximum cost savings identified through supplier sourcing and negotiation
Verticalnet® Contract Manager-- provides real-time insights into contract obligations, exposures, expirations, changes and renewals delivering greater control, reducing costly oversights and minimizing supplier risk
Verticalnet® Performance Manager-- enables companies to effectively track and manage supplier performance, contract compliance and identify potential areas of supplier risk
To learn more, please visit us at www.verticalnet.com.



Contact:
Verticalnet, Inc.
Scuzscon Walker, 610-695-2301
[e-mail]

[gallator]

Und das !



MALVERN, Pa.--(BUSINESS WIRE)--June 19, 2006--Verticalnet, Inc. (Nasdaq:VERTD - News), a leading provider of on-demand supply management solutions, today announced that the newest release of its XE Spend Manager application has been deployed to both On Demand and self-hosted customers.
The Verticalnet XE Spend Manager application provides the intelligence necessary to drive increased savings through strategic sourcing. Customers can establish a repeatable process through self-service on-demand spend analysis and:

Efficiently manage and classify spend data on a repeatable basis
Uncover new savings opportunities through volume consolidation and supplier rationalization
Track purchasing and contract compliance through the analysis of purchase price variances
Quickly integrate M&A purchase history to identify procurement synergies
Monitor supplier performance and risk across the enterprise
Verticalnet's previous release of XE Spend Manager was given a top rating by Forrester Research in a review of competitive supply management suites. Enhancements in the current release focused on broadening and deepening the areas which differentiate Verticalnet in the market. Spend Manager 5.3 enhancements were driven by Verticalnet's experience across hundreds of successful spend analysis projects in dozens of industries, and included substantial input from Verticalnet customers. The new release demonstrates Verticalnet's continued commitment to provide sourcing professionals with a self-service spend analysis solution that provides multiple approaches for classifying their data in a repeatable fashion, and enables the real-time management of company specific classification rules.

"Verticalnet XE Spend Manager 5.3 is a tremendous step forward for the sourcing professional," states James Wetekamp, Vice President of Solutions Strategy for Verticalnet. "The newly delivered classification exception management module places all of the control at the finger tips of the sourcing professional. The end-user is empowered to update classification rules, trigger data changes in real-time, and manage by exception." Wetekamp concludes, "This capability, coupled with the ability to classify data from any language, enables truly global spend analysis driven directly by the category experts themselves."

Verticalnet designed Spend Manager 5.3 to deliver enhanced functionality that will minimize the burden on the IT organization, arm the sourcing professional with tools to manage their categories, and maximize the percentage of spend accurately classified on a repeatable basis. Verticalnet Spend Manager 5.3 focuses on the following two broad areas which are critical implementing a global, self-managed, and repeatable spend analysis program:

Classification Exception Management: The classification exception management module provides an intuitive control center for managing un-classified items and suppliers. Category Managers can quickly browse and create classification rules and recommendations, applying changes in real-time.
Global Data Management: A suite of flexible data management tools allows for a broad range of information to be managed in conjunction with spend data. Data Managers can incorporate supplier attributes such as diversity details, contract terms including pricing conditions, relevant product details including inventory positions, and other supply management information into a dynamic analysis console for detailed analysis
The Verticalnet XE Spend Manager 5.3 release places complete control in the hands of the business user, providing the user with the ability to manage the classification approach, rule-overrides, and the external data enrichment process. In addition, the Verticalnet Spend Manager application can adapt to any level of information detail or data quality, in any language through its support of multiple approaches to spend classification including statistical auto-classification and rules based classification to either a customer-specific sourcing taxonomy or a standard taxonomy such as UNSPSC,

"Our newest release of XE Spend Manager represents the right product at the right time for sourcing professionals focused on truly gaining visibility and control of their global spend on a repeatable basis," stated Nathanael V. Lentz, President and CEO of Verticalnet. "Interest in our Spend Manager application has never been higher, our success in competitive opportunities has never been stronger, and it is clear that leading sourcing organization lead with spend visibility. With this new release, we believe that the best product just got better."

"Our research reveals that data classification is the highest priority for organizations performing spend analysis," states Sudy Bharadwaj, Vice President of Global Supply Management Research for Aberdeen Group. "The ability to immerse the user within this process to handle exceptions and provide real-time feedback into the process helps achieve this priority."

Key Benefits of Verticalnet Spend Manager Version 5.3

Classification Exception Management

The classification exception management module drastically reduces the effort necessary to maintain accurate classifications. The classification exception summaries provide actionable links to classification exceptions allowing category managers to quickly access and create rules from classification exceptions.
A summary statistics view of classification details by business unit provides top-level visibility to unclassified record counts and unclassified spend totals, to ensure that the largest exceptions are prioritized for classification. Additionally exceptions created from the last classification run are highlighted to clearly identify new exceptions in comparison to previous exceptions.
User-defined parametric filters to classification rules allows the category manager to quickly create rules in bulk, based on parameters such as the product, supplier, business unit, or source system. Additionally, the user can save their favorite filters for use later in navigating classification exceptions and creating rules.
Global Data Management

The Verticalnet transformation engine enables data managers to ensure high-quality analysis by applying validation rules to master data such as supplier data, contract data, and inventory data or spend activity data. The data exception editor provides the data manager with direct access to quarantined records caused by cleansing or validation exceptions, with a console to adjust or correct data errors.
The Extract Summary provides the data manager with an enhanced view of in-process extracts. Data managers can quickly navigate files by status such as received, failed, processed, validated, cleansed, rolled back, and published. Summary statistic views by data source provide top-level visibility to record counts, files, and spend activity totals.
The flexible master data management system allows for data managers to define new data sources for the automated data enrichment of spend information. These additional data sources can include supplier details such as diversity indicators or certification levels, contract terms such as list pricing, or rebate details, and product information such as sales forecasts or inventory positions of critical materials.
The Verticalnet XE Spend Manager is an integrated module of the Verticalnet XE Suite which includes:

Verticalnet® Program Manager--lowers the total cost of ownership and improves productivity through sound and re-usable program and process management
Verticalnet® Spend Manager--a fast, intelligent, and repeatable solution for identifying, evaluating, and quantifying enterprise-wide sourcing opportunities while measuring compliance
Verticalnet® Negotiation Manager--accelerates and improves negotiated savings through online auctions and eRFX events
Verticalnet® Procurement Manager--simplifies and improves control over the procurement process to help companies realize the maximum cost savings identified through supplier sourcing and negotiation
Verticalnet® Contract Manager--provides real-time insights into contract obligations, exposures, expirations, changes and renewals delivering greater control, reducing costly oversights and minimizing supplier risk
Verticalnet® Performance Manager--enables companies to effectively track and manage supplier performance, contract compliance and identify potential areas of supplier risk
To learn more, please visit us at www.verticalnet.com.



Contact:
Verticalnet, Inc.
Scuzscon Walker, 610-695-2301
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.

[gallator]

Noch mehr News !


Verticalnet Identifies Important European Sourcing Trends

MALVERN, Pa. & GUILDFORD, SURREY, UK--(BUSINESS WIRE)--June 21, 2006--Verticalnet, Inc. (Nasdaq:VERTD - News), a leading provider of on-demand supply management solutions, today announced that its European business has seen significant expansion and transformation over the past several quarters. Key business trends include significant increases in new customers, broadened indirect channels focused on reselling both software and services, and rapidly increasing levels of adoption and savings achieved by customers leveraging Verticalnet's supply management solutions.
ADVERTISEMENT





Since the merger of Verticalnet and Digital Union, a leading UK provider of auction and procurement solutions, in July 2005, Verticalnet has fielded an expanded team for both the UK and European markets focused on sales, services, and continued software development. The broader European capabilities are driving a focus on customer success achieved through world class products and local market support. Recent market success suggests that this focus is being recognized by both customers and prospects.

"We are very pleased with our European progress and with the success that Verticalnet and Digital Union have achieved since the merger," stated Paddy Lawton, President of Verticalnet Europe. "The market is quickly shifting toward a European view of sourcing and procurement and we are in the right place, with the right team and with the right product to take advantage of market trends. Our products could not be more spot-on in terms of their fit given the current market requirements," Lawton continued.

Business Progress:

Verticalnet has signed three new software customers within Europe thus far in the second quarter of 2006 including licenses for XE Negotiation Manager and XE Procurement Manager. These new customers include a major UK retailer, a global food services company, and a large professional services organization.
Managed E-sourcing and auction events year to date are currently at 87% of total 2005 levels suggesting that events for 2006 will likely more than double versus 2005. Savings from such events have averaged 21% across a wide range of direct, indirect, and services categories. Despite prior perspectives that the European market may be less receptive to emerging e-sourcing negotiation techniques, results suggest that European savings opportunities may exceed those experienced in the United States through the use of competitive bidding techniques.
Verticalnet's XE Collaborative Solutions (XECS) continues to gain traction, with three major XECS engagements to date in the second quarter of 2006. Increasingly European customers are seeing the benefit of expert-led optimization focused category sourcing particularly in complex categories such as pan-European freight where savings achieved through such techniques well exceed benefits achieved using traditional methods or self-service tools.
Emerging European Trends:

As Verticalnet continues to expand its base of customers within Europe, a number of clear trends are emerging within and across the Verticalnet customer base. While some of these trends mirror trends experienced with in the United States, a number of trends are specifically European in nature. Verticalnet's ability to support these trends through both products and services has proven critical in recent market successes. Key trends include:

Advanced negotiation usage - increasingly, European customers are shifting beyond auction-based negotiation for indirect categories to more advanced negotiation techniques, resulting in allocated awards or optimized solutions. This trend is specifically relevant when customers are sourcing aggregated spend across multiple countries and are seeking to award suppliers by regions. In a recent pan-European transportation event Verticalnet supported a customer's goal of awarding 2000 shipping lanes, accepting bids from over 300 suppliers across 20 countries.
Spend visibility is driving European procurement - European procurement is evolving towards a center-led model and spend analysis is the critical enabler by providing visibility and control to centralized procurement. Regional scale is being leveraged and regional control of suppliers and buying organizations is being managed and monitored through a repeatable spend analysis process. Verticalnet's XE Spend Manager is increasingly leveraged by European customers and divisions of US companies given the solution's ability to address multiple languages and currencies. Recent implementations have involved data in over 20 different languages including Czech, Turkish, Swedish, and Kazakh.
Europe Expands -Increasingly, procurement organizations are expanding the definition of European operations to include Russia, the Middle East, and South Africa. These new markets and their unique characteristics are now being incorporated into spend analysis roll-outs as well as complex category sourcing engagements. Not only are organizations expanding their management of operations into these regions, they are also fast becoming the source of supply in addition to the Far East. This shift in European supply markets drives a different set of language requirements for technology and for customer support, than traditional US sources.
Local Services Are Critical - In sourcing, software isn't enough. European customers seek and require services support for training, event support, and spend analysis. For companies with beachheads in Europe, the lack of local services organization with product and solution training can prove to be not only a pitfall but a missed opportunity. Verticalnet's acquisition of Digital Union and the expansion of Verticalnet's European services capabilities through this acquisition have proven to be a key selling point versus other US-based rivals highlighted by a number of new customer wins.
"The ability to capture spend intelligence for our European, Middle Eastern, and African operations and the ability to rapidly convert insight into savings through on-line negotiation are critical components of our procurement transformation process," stated Philippe Agostini, EMA Sourcing Director for JohnsonDiversey. "Verticalnet's ability to service both Europe and North America has provided us with the resources and support we need to be successful in this transformation." Philippe Agostini concludes, "The rollout of our new sourcing process in Europe will be a key cost-savings driver for JohnsonDiversey, and with Verticalnet's assistance we are realizing value sooner than later."

Verticalnet's XE Supply Management Suite is architected to support the complexity of European Sourcing requirements and the evolving needs of this market - from visibility through negotiation to compliance. Verticalnet's XE 5.2 release, made generally available in October, 2005, was significantly focused on ease of use and internationalization. In addition to Verticalnet's expanded European scale, much of Verticalnet's recent market traction within Europe can be attributed to the significant product investments delivered in the XE 5.2 release.

The Verticalnet XE Supply Management Suite includes:

Verticalnet® Program Manager-- lowers the total cost of ownership and improves productivity through sound and re-usable program and process management
Verticalnet® Spend Manager-- a fast, intelligent, and repeatable solution for identifying, evaluating, and quantifying enterprise-wide sourcing opportunities while measuring compliance
Verticalnet® Negotiation -- accelerates and improves negotiated savings through online auctions and eRFX events
Verticalnet® Contract Manager-- provides real-time insights into contract obligations, exposures, expirations, changes and renewals delivering greater control, reducing costly oversights and minimizing supplier risk
Verticalnet® Procurement Manager-- simplifies and improves control over the procurement process to help companies realize the maximum cost savings identified through supplier sourcing and negotiation
Verticalnet® Performance Manager-- enables companies to effectively track and manage supplier performance, contract compliance and identify potential areas of supplier risk
Verticalnet® Collaborative Solutions -- enables companies to apply innovative negotiation techniques, flexible optimization scenarios, and bid collection approaches to drive the highest possible savings across large complex categories including transportation, packaging, and MRO.
To learn more, please visit us at www.verticalnet.com.



Contact:
Verticalnet, Inc.
Media Contact:
Scuzscon Walker, 610-695-2301
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.

[gallator]

Wird auch langsam Zeit das die PR mal wieder in Gang gesetzt wird !


Verticalnet to Host Webcast Focusing on Practical Approaches to Global Sourcing


MALVERN, Pa.--(BUSINESS WIRE)--June 23, 2006--Verticalnet, Inc. (Nasdaq:VERTD - News), a leading provider of on-demand supply management solutions, today announced that it will host the next in a series of complimentary online seminars focused on "Achieving Real Life Success With Practical Applications on Global Sourcing". To date over 150 individual participants have registered for the event representing a broad mix of global and mid-market customers across the US, Europe, and Asia. Verticalnet's past several on-line seminars have drawn hundreds of participants and have received strong reviews from attendees regarding relevance and overall event quality.

Global Sourcing has never been more crucial to business success than it is today. Low cost country sources can offer substantially more reduced-cost products than more established regions. However, with these benefits, procurement professionals are forced to deal with new challenges including complicated transportation issues and long-distance supplier relationships with a focus on total cost management.

This 60 minute online seminar, which will feature The Aberdeen Group's findings as well as a case study from a prominent global chemicals customer, is designed to provide sourcing professionals and executives operating in mid to large enterprises with insight into recent research, perspectives from experts, and practical lessons from current practitioners. Topics to be discussed include the keys to a successful global direct materials sourcing project, the importance of collaboration, teamwork, and visibility to the process, concluding with practical recommendations companies can use to execute globally effectively.

Practical Approaches to Global Sourcing Webcast

The webcast will be moderated by Jim Wetekamp, Verticalnet's Vice President of Solution Strategy, and is scheduled for Wednesday June 28, 2006 from 11:00 am to Noon EDT. The webcast will begin with an overview from an industry leading customer who will discuss specific category examples of a successful global sourcing project including project scope, methodology, results, and lessons learned.

Following the customer review, Sudy Bharadwaj - Vice President of Global Supply Management for the Aberdeen Group, will give market insight on how companies are using process and collaboration to manage the global sourcing of direct materials. Download a complimentary copy of Aberdeen's "The Direct Materials Sourcing Benchmark Report" (sponsored by Verticalnet) to learn more about how companies are approaching the direct materials sourcing challenges.

"Verticalnet is pleased to host this online seminar that blends market perspectives with actual customer results," said Wetekamp. "Feedback from past online seminars has indicated that attendees receive tremendous value from hearing peers relate their supply management experiences. With typical attendance numbering in the hundreds." Wetekamp concludes, "These webcasts are a terrific opportunity to gather customer perspectives, benchmark with peers, and leverage the knowledge of market researchers such as Aberdeen Group."

How to Register

To register for this complimentary Webcast scheduled for Wednesday June 28, 2006 from 11:00 am to Noon EDT go to: http://www.verticalnet.com/company/news/global_sourcing.asp

Interested members of the media are encouraged to attend the Webcast series to gain an insight into this topic of high interest.

The Verticalnet XE Supply Management suite is available on-demand and includes:

Verticalnet® Program Manager -- lowers the total cost of ownership and improves productivity through sound and re-usable program and process management
Verticalnet® Spend Manager -- a fast, intelligent, and repeatable solution for identifying, evaluating, and quantifying enterprise-wide sourcing opportunities while measuring compliance
Verticalnet® Negotiation Manager -- accelerates and improves negotiated savings through online auctions and eRFX events
Verticalnet® Procurement Manager -- simplifies and improves control over the procurement process to help companies realize the maximum cost savings identified through supplier sourcing and negotiation
Verticalnet® Contract Manager -- provides real-time insights into contract obligations, exposures, expirations, changes and renewals delivering greater control, reducing costly oversights and minimizing supplier risk
Verticalnet® Performance Manager -- enables companies to effectively track and manage supplier performance, contract compliance and identify potential areas of supplier risk
Verticalnet® Collaborative Solutions -- enables companies to apply innovative negotiation techniques, flexible optimization scenarios, and bid collection approaches to drive the highest possible savings across large complex categories including transportation, packaging, and MRO.
About Verticalnet

Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

To learn more, please visit us at www.verticalnet.com.



Contact:
Verticalnet, Inc.
Scuzscon Walker, 610-695-2301
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.


Gruß

Gallator

[carolyns]

Der Wert ist total im Arsch!!!!!
Bitte investieren Sie nicht in diesen Wert!!!! Betrug von vorne bis hinten
Habe ueber 6 Jahre diesen Wert gehalten und ca. 70.000 Euro verloren

Warning

[gallator]

Archive for June 15th, 2006
HorizontalNet??
Thursday, 15 June 2006 @ 8:58am • General, e-Sourcing Marketplace, Technology

Yahoo Finance is a great site… and it has been since I started using it during the grand old days of 1997 (almost 10 years ago!). One of the things it lets you do is create watchlists of different investments you may own or just track. I know there are many flashy sites that exist now which let you do the same thing but Yahoo Finance “just works” and hey, it’s good enough for me.

Anyway, I found one of the stocks I track mysteriously missing data in the watchlist this week. It took a little bit of research to find out that it’s not really gone at this point but simply had its stock symbol changed. I’m not sure anyone would be surprised to learn the stock I am talking about is the famous VERT (now temporarily VERTD located at Yahoo here), who appears to be on the emergency room table with the doors closed.

It seems Verticalnet finally got its 1:7 reverse stock split effectuated this Monday morning in order to avoid the NASDAQ delisting which has been hanging over its head for more than a year since the dreaded initial delisting warning letter arrived last April 27th. At that time the stock was trading at a lofty 80 cents per share. Management started considering proposing the reverse split to the shareholders to stay off the OTCBB or Pink Sheets soon thereafter. Unfortunately, from that point until last Friday the shares dropped about 74% to 21 cents per share (or $1.47 split-adjusted) giving the stock precious little breathing room to stave off another delisting attempt. Even worse is that in the three trading days of this week it has dropped another 23% to $1.13 with some shares traded yesterday at $1.01 before rallying at the end of the day. The 3 month direction of vertical tells the whole story.

To be fair, it is a relatively thinly traded security and surely anything can happen but if this trend continues it will have a very short lived stay above the required $1.00 before receiving another dreaded letter.

Looking at the latest first quarter financial statements which Nate conceded represent a “low point from which we grow revenue” we find revenues of $3.9M (compared with $5.3M from the year before) giving a whopping net loss of $5.3M (compared to a net loss of $3.2M the year before). Indeed services revenue was down $1.4M for the quarter as the top two customers (representing 33% of total revenue in 1Q06 or 41% in 1Q05) drastically cut services.

These results were sufficient for Debbie Wilson to give VERTD the first “F” grade for financial performance awarded by her in the past three years.

Also not entirely surprising given the earlier post by David Bush regarding companies who no longer consider ISM to be a worthwhile endeavor…

Recently, a new debt investor has come to the table sinking $4M (netting VERTD $3.7M after costs) in subordinated debt and depending on whether consent is granted by this Friday by the senior debtholders who came to the table last August the annual rate will be either 6% (12% if no consent) with principal of $5.3M due in 18 months (January ‘07 if no consent!). I haven’t imputed the effective interest rate of this note but it’s safe to say it’s very healthy and I sincerely hope the senior debtholders provide that consent (I’m sure they already have).

There are a lot of other factoids which can be learned by reading the SEC filings or press releases (including this one issued yesterday which basically says that their clients are running more e-Sourcing events than ever but does not allude to a dime of additional revenues for these on-demand events. I’m sure every single e-Sourcing vendor can say exactly the same thing especially considering the unbelievably rapid growth rate the entire SaaS e-Sourcing industry is currently experiencing.

I could bore you all day with these gory details and I really think the few people I do know at VerticalNet are great people who are doing the best work they can given the circumstances. I do feel for them having to put a positive spin on these results as they make what must be extremely difficult decisions to cut costs drastically to be more inline with the actual revenues and the historical concentration of revenue in two accounts. They (like all vendors) are seeing increased software licensing and have signed some good agreements but unless the volume is turned up very quickly it may be too little too late. The status quo is not sustainable and I agree with Jason Busch that it won’t be long before the consolidation wolves are at the door salivating over the IP and customers.

written by Todd Epple - Iasta •


Sponsored and administered by Iasta

[gallator]

Press Release Source: Verticalnet, Inc.


Verticalnet Regains Full Nasdaq Compliance
Thursday July 6, 9:01 am ET


MALVERN, Pa.--(BUSINESS WIRE)--July 6, 2006--Verticalnet, Inc. (Nasdaq:VERTD - News), a leading provider of on-demand supply management solutions, today announced that on July 5, 2006, it was notified by the Nasdaq Listing Qualifications Panel that the Company had achieved compliance with all Nasdaq Marketplace Rules for continued listing on the Nasdaq Capital Market, including the $1.00 per share minimum bid price requirement. Accordingly, Verticalnet's request for the continued listing of its securities on the Nasdaq Capital Market was granted.


"We are pleased to remain on the Nasdaq Capital Market and to have received notice of full Nasdaq compliance," stated Nathanael V. Lentz, President and CEO of Verticalnet. "Our Nasdaq listing is important to our shareholders as well as to our customers, vendors, and employees. With this important determination behind us, we are able to continue to focus on delivering value to our customers, to signing new customers, and to continuing our efforts to deliver leading supply management solutions to the market."

About Verticalnet

Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

To learn more, please visit us at www.verticalnet.com

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC



Contact:
Verticalnet, Inc.
Scuzscon Walker, 610-695-2301
[e-mail]

[gallator]

Verticalnet Announces Release of XE 5.3 - The Next Generation On Demand Platform for Fulfilling the Supply Management MissionMonday July 10, 10:20 am ET
Version 5.3 Delivers Key Capabilities to Standardize Sourcing Processes, Collaborate with Suppliers more Effectively and Negotiate Value more Creatively.


MALVERN, Pa.--(BUSINESS WIRE)--July 10, 2006--Verticalnet, Inc. (Nasdaq:VERTD - News), the leader in On Demand supply management solutions, today announced the launch of Verticalnet XE 5.3, delivering new features to its "Software as a Service" (SaaS) customer base through the seamless upgrade of the On Demand version of the Verticalnet® Supply Management Software Suite.
Sourcing organizations today are challenged to improve upon prior savings results while simultaneously lowering procurement costs, improving procurement processes and maintaining a focus on driving sustainable value throughout the supply network. This need to "tune the engine" while driving full-speed requires an agile solution that adapts to the sourcing organization's specific needs. Verticalnet XE 5.3 controls sourcing processes centrally while enabling individual sourcing locations to creatively source key categories as the localized environment requires. Additionally, Verticalnet XE 5.3 enhances the supplier collaboration and control process to ensure that the supply base is being appropriately tapped as a source of innovation and performance improvement.

Verticalnet XE 5.3 enhancements were developed in conjunction with best practice customer feedback and ongoing market research and focus on emerging trends within the field of supply management. Enhanced functionality specifically addresses the following emerging customer priorities:

Center led sourcing processes supporting local market, low-cost country sourcing initiatives
Supplier collaboration intensive sourcing initiatives focused on engaging suppliers in processes from design through fulfillment with full visibility into performance and feedback
Complex category sourcing requiring significantly enhanced event visibility, ongoing decision support, and complex allocation and award scenarios
Increased demand for total cost modeling capabilities in assessing bids from diverse sources of supply.
While the XE 5.3 release contains many new features, three major enhancements address the above mentioned trends and provide significant value for sourcing organizations focused on improving their sourcing processes, increasing visibility, and leveraging best-in-class tools for supply management:

Commodity Strategy Management - Verticalnet XE Program Manager provides a centralized location to store and manage the sourcing process resulting in shortened cycle times through the immediate access of best-practice process guides, reduced risk due to the capture of all accumulated knowledge about categories and suppliers, and improved operational performance through the sharing of project conclusions across the enterprise. Verticalnet XE 5.3 improves upon these significant capabilities by enabling flexible process workflows for critical decision points within the execution of a sourcing strategy. This additional functionality allows the creation of standardized sourcing strategy templates that can then be adapted "on the fly" by the sourcing team to fit the unique conditions of a specific sourcing project. These "strategies within a strategy" allow the sourcing team to establish a simple and effective base strategy for sourcing the commodity, where additional task steps may be added only as a specific situation requires. Each sourcing project can now be addressed in a flexible fashion to drive maximum value, while still maintaining the top-level control and visibility necessary for today's center-led sourcing organizations.

Negotiating for Total Value - Verticalnet XE Negotiation Manager provides the tools necessary for an effective On Demand strategic sourcing program by empowering the sourcing team with integrated sourcing tools, delivering strong RFx and Auction tools for online supplier negotiation, and enabling self-service bid optimization and supplier bid analysis. Verticalnet XE 5.3 adds to these deep capabilities by improving real-time visibility to ongoing negotiation and auction event results while streamlining the event setup and execution process. Event participants have finger-tip access to event metrics such as total negotiated savings, demand coverage, and savings contribution by event, lot, or item. Additionally, the event management process has been improved to enable single-click vendor bid analysis.

Supplier Performance Improvement - Verticalnet XE Performance Manager enables companies to more effectively track and manage supplier performance, compliance, and areas of risk through enterprise-wide supplier development tools such as supplier strategy development, score-carding, web-surveys, automated data collection, actionable alerts, and corrective action project execution. Verticalnet XE 5.3 improves upon this framework by improving internal and external collaboration throughout the supplier management process. Using the enterprise view of a supplier as the center-point for managing the supplier relationship, key stakeholders including engineering, customer support, logistics, procurement, and the supplier themselves facilitate a monitored two-way information exchange resulting in a 360 degree view of supplier performance, a qualitative supplier assessment to augment quantitative scorecards, and the active participation of the supplier as a partner in the performance improvement process.

"Verticalnet works closely with our customers in setting the enhancement agenda for the XE product suite," stated Jim Wetekamp, Vice President of Solution Strategy of Verticalnet. "As the Verticalnet XE 5.3 release illustrates, this collaboration provides Verticalnet's leading customers with a solution that addresses emerging sourcing trends and their key needs including the delivery of measurable results, improved productivity, and the capture of best practices."

"Companies are constantly battling to optimize spending given their constrained resources," stated Andy Kyte VP & Gartner Fellow of Gartner. "Solutions that enable the discovery and promotion of best-practices, improved collaboration with suppliers, and support the management of key sourcing decisions with integrated tools can deliver substantial bottom-line results."

Availability

There is no additional cost to existing customers for the new features of Verticalnet XE 5.3. It has been provided to customers as part of the iterative upgrade process of the XE On Demand solution that has included 3 feature-pack releases to date in 2006.

The Verticalnet XE Supply Management suite is available on-demand and includes:

Verticalnet® Program Manager-- lowers the total cost of ownership and improves productivity through sound and re-usable program and process management
Verticalnet® Spend Manager-- a fast, intelligent, and repeatable solution for identifying, evaluating, and quantifying enterprise-wide sourcing opportunities while measuring compliance
Verticalnet® Negotiation Manager-- accelerates and improves negotiated savings through online auctions and eRFX events
Verticalnet® Procurement Manager-- simplifies and improves control over the procurement process to help companies realize the maximum cost savings identified through supplier sourcing and negotiation
Verticalnet® Contract Manager-- provides real-time insights into contract obligations, exposures, expirations, changes and renewals delivering greater control, reducing costly oversights and minimizing supplier risk
Verticalnet® Performance Manager-- enables companies to effectively track and manage supplier performance, contract compliance and identify potential areas of supplier risk
About Verticalnet

Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

To learn more, please visit us at www.verticalnet.com

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC



Contact:
Verticalnet, Inc.
Scuzscon Walker, 610-695-2301
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.

[gallator]

Verticalnet Named to Supply & Demand Chain Executive Magazine's ''2006 Supply & Demand Chain Executive 100''
Tuesday July 18, 9:01 am ET
Leading Supply Chain Publication's Annual Ranking Showcases the Most Innovative Solutions Providers


MALVERN, Pa.--(BUSINESS WIRE)--July 18, 2006--Verticalnet, Inc. (Nasdaq:VERT - News), the leader in On Demand supply management solutions, today announced that it had been named to the fifth annual "2006 Supply & Demand Chain Executive 100" list of leading supply chain solution providers. 2006 marks the third straight year that Verticalnet has been included on the influential list.


Supply & Demand Chain Executive magazine identified the leading providers of supply chain services and technologies who are at the forefront of innovation based on submissions from end users and solution providers. The judging committee included the editorial staff of the magazine in conjunction with the editorial advisory board.

This year, the leading business magazine focused the criteria for the 2006 list towards companies that deliver the most innovative solutions. Companies were graded on their history of innovation as well as their future innovation road map. Verticalnet was included on the list due to its market leadership in deploying its Software as a Service (also known as "On Demand") delivery model. Illinois Tool Works served as a Verticalnet customer reference with a case study as part of the nomination process.

"The on-demand trend is bringing the benefits of supply management solutions to new segments of the market, especially mid-market companies," said Andrew K. Reese, editor of Supply & Demand Chain Executive. "Verticalnet's efforts over the past year to move its offerings to an on-demand model and its success in moving its customer base over to this model earned it a place in this year's '100.'"

"We are excited to be recognized by Supply & Demand Chain Executive for the third consecutive year," said Nathanael V. Lentz, president and CEO of Verticalnet. "Since releasing the first commercially available spend analysis solution in 2002, we have focused on continually innovating our solutions to meet the needs of our customers. Inclusion on this list is recognition of the advances that have been benefiting our customers - innovations that have included spend analysis, sourcing program management, complex category sourcing, and supplier performance management - all delivered via our on demand model." Lentz concluded, "We are pleased that industry leading publications like Supply & Demand Chain Executive and companies of all sizes are recognizing Verticalnet for our innovation and the value we deliver to leading supply chain organizations."

About Verticalnet

Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

To learn more, please visit us at www.verticalnet.com

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage.

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC



Contact:
Verticalnet, Inc.
Scuzscon Walker, 610-695-2301
[e-mail]

[gallator]

Antwort auf Beitrag Nr.: 21.816.939 von gallator am 26.05.06 16:30:11

Press Release Source: Verticalnet, Inc.


Verticalnet Reports Financial Results for the Second Quarter of 2006
Monday August 14, 4:59 pm ET


MALVERN, Pa.--(BUSINESS WIRE)--Aug. 14, 2006--Verticalnet, Inc. (Nasdaq:VERT - News), a leading provider of on-demand supply management solutions, today announced results for its second quarter ended June 30, 2006.
ADVERTISEMENT


Revenue for the quarter ended June 30, 2006 was $4.2 million, as compared to $5.0 million for the quarter ended June 30, 2005. Verticalnet's net loss for the quarter ended June 30, 2006 was $13.3 million, or ($1.75) per share, including a $9.9 million non-cash charge related to a goodwill write-down as discussed below, as compared to a net loss of $4.0 million, or ($0.66) per share, for the quarter ended June 30, 2005. Adjusted net loss from operations(a) for the quarter ended June 30, 2006 was $2.4 million, or ($0.31) per share, as compared to an adjusted net loss from operations(a) of $2.9 million, or ($0.48) per share, for the quarter ended June 30, 2005. For the quarters ended June 30, 2006 and 2005, weighted-average shares outstanding were approximately 7.6 million and 6.0 million shares, respectively.

Total operating expenses for the quarter include a non-cash goodwill charge of $9.9 million, amortization expense for intangible assets of $450,000, and stock based compensation charges of $584,000. In accordance with SFAS No. 142, the Company performed a goodwill impairment test as of June 30, 2006. Based on the results of this test, the Company recorded a $9.9 million goodwill impairment charge. Excluding these charges, total operating expenses would have been $6.4 million for the quarter ended June 30, 2006 as compared to $7.9 million for the quarter ended June 30, 2005.

The Company reported that billings for the second quarter of 2006 were $4.9 million, an increase from $4.0 million in the first quarter of 2006 and equal to the $4.9 million for the comparable period last year. As a result of quarterly billings(b) exceeding revenue, deferred revenue increased by $667,000 or 18% versus the deferred revenue balance at the end of the first quarter of 2006.

Total software and software related revenue increased to $1.9 million for the second quarter of 2006, an 18% increase over the second quarter of the prior year. Software bookings(c) for the second quarter of 2006 were $0.9 million compared to $0.4 million for the comparable period in the prior year representing a 127% improvement over the prior year. Software bookings continue to strengthen into the third quarter despite the historically slow nature of this period. To date, software bookings in the third quarter exceed those recorded in the second quarter despite being only 44 days into the period.

Services revenue for the second quarter of 2006 was $2.3 million as compared to $3.4 million for the comparable period in the prior year, which included a $1.4 million decline in revenue from Verticalnet's top two accounts which represent legacy non-core revenue. Revenue from these two customers declined to 23% of total revenue in the second quarter of 2006 from 47% in the second quarter of 2005 and 33% in the first quarter of 2006. Core services revenue associated with supply management solution delivery increased by $0.3 million over the period.

We believe that overall top-line revenue trends in both software and services do not provide the clearest picture of the overall trend in Verticalnet's business. Non-core revenue from Verticalnet's two large legacy accounts continues to represent a smaller percentage of total revenue each quarter. Core revenue from on-demand supply management software and services revenue, which excludes these two customers, continues to show strong growth which partially offset the declining non-core revenue in the second quarter. Excluding the non-core revenue generated by Verticalnet's top two accounts, core supply management revenue between the second quarter of 2005 and the second quarter of 2006 grew by 20%. Billings for Verticalnet's core business, excluding these two legacy accounts, grew by 49% over the same period, demonstrating strong growth as a result of Verticalnet's focus on building a leading business in the on-demand supply management solutions space.

Expense management continued through the second quarter with significant reductions in cost of revenue and operating expenses versus the same quarter in 2005 despite the inclusion of option expenses in all cost categories beginning in 2006, which increased costs by $0.4 million in the second quarter of 2006 versus 2005. Compared to the same period in 2005, cost of revenue and research and development both declined by 20% and sales and marketing expenses decreased by 9%. General and administrative expenses increased by 21% versus the same period, driven primarily by higher legal and professional expenses. Total operating expenses, including the cost of revenue, but excluding amortization, litigation costs, restructuring charges and an impairment charge for goodwill, were reduced by approximately 10% versus the comparable period in the prior year despite the inclusion of additional stock option expenses.

"The second quarter of 2006 showed a rebound from the first quarter, with growth in revenue, billings, and deferred revenue, which was achieved in tandem with our continued focus on cost reductions. We believe that our core supply management services business is growing rapidly and while this growth has been offset by declining legacy revenue, it is laying the foundation for future top-line and bottom line improvement," stated Nathanael V. Lentz, President and CEO of Verticalnet. "The last 120 days, continuing into Q3, have been the strongest ever for Verticalnet in terms of new customer acquisition, existing customer extensions, and competitive wins across both the US and Europe. Our win rate against all of our competitors is improving with our investments in key product areas, our focus on on-demand delivery, and our proven product quality are all driving differentiation in competitive sales," Lentz continued.

BUSINESS TRENDS AND HIGHLIGHTS:

Verticalnet has experienced significant sales momentum since the
beginning of the second quarter and carrying forward into the third
quarter, both with new customers in competitive selling environments
and with up-selling of existing customers. Several trends in
Verticalnet's sales success are worth highlighting including:

-- Continued success in head-to-head competitive wins versus all
major competitors with a short-list win rate of over 65% for
the period.

-- Customer demand shifting from single module negotiation
subscriptions to multiple module or suite subscriptions with a
particularly notable trend towards buyers seeking spend
analysis in conjunction with negotiation, a focus which
prevents many competitors who have a limited offering from
competing.

-- Continued customer acceptance of on-demand software and
support as the delivery model of choice for supply management
solutions. Verticalnet's win rate in large multiple module
suite deals has improved as customers seek true on-demand
solutions and recognize that despite claims, Verticalnet's
largest competitors have failed to deliver broad on-demand
solutions to date.

-- Success in Europe has continued to improve with four new
software customers added in the United Kingdom since the end
of the first quarter and the addition of our first German and
Spanish customers to our client list.

-- Procurement Manager, a new module added to Verticalnet's suite
with the acquisition of Digital Union, Verticalnet's United
Kingdom subsidiary, has seen significant interest and resulted
in two large new customer additions since the first quarter.

-- Verticalnet re-launched its optimization-led category sourcing
solution, named XE Collaborative Solutions (XECS) and saw
strong wins with this product across both the US and Europe
with six new customer wins since the end of the first quarter.

-- Verticalnet's partner sales efforts have generated significant
new wins over the period, highlighted by a major joint win
combining Digital Union and IBM in the United Kingdom at a
global food services company.

-- Specific business highlights since the end of the first
quarter include:

-- 65% short list win rate on competitive selections with the
result being 14 new customers selecting Verticalnet;

-- Ten new software customers selected Verticalnet, including
6 in Europe;

-- Six new XECS engagements sold across both the US and
Europe both directly and through three major partnerships;

-- 21 new contracts signed or committed with existing
customers including major European spend analysis
roll-outs for existing spend analysis customers, a major
services engagement for an industry consortium, and a
transportation performance management system for a large
CPG company; and

-- A 100% renewal rate was achieved on existing software
contracts and maintenance agreements during the period.

The impact of these results can be seen in the growth in Verticalnet's
core software and services revenue in the second quarter as well as in
the growth in billings, deferred revenue and software bookings over
the period. We believe third quarter progress, discussed above, will
also be reflected in billings, deferred revenue, additions to backlog,
and increases in core supply management revenue in the third quarter
and beyond.

"We believe that our products, our people, and our reputation for
delivering value to customers are having an impact both in new
customer wins and in our ability to grow our existing base of
customers," stated Lentz. "The breadth of our XE supply management
product suite, our differentiated on-demand capabilities, and our
commitment to customer success are all combining to make us a
strong and viable competitor."

(a) Adjusted net loss from operations is a non-GAAP financial measure
within the meaning of Regulation G promulgated by the Securities
and Exchange Commission. We believe that adjusted net loss from
operations provides useful information to investors as it excludes
transactions not related to the core cash operating business
activities. We believe that excluding these transactions allows
investors to meaningfully trend and analyze the performance of our
core cash operations. All companies do not calculate adjusted net
loss from operations in the same manner, and adjusted net loss
from operations as presented by Verticalnet may not be comparable
to adjusted net loss from operations presented by other companies.
Included, following the financial statements, is a reconciliation
of net loss to adjusted net loss from operations that should be
read in conjunction with the financial statements.

(b) Billings represents all invoices billed to customers during the
quarter.

(c) Software bookings represent all software and software related
agreements entered into during the referenced period with new or
existing customers.


Conference Call Information:

Verticalnet will host a conference call on August 14, 2006 at 5:00 p.m. EDT to discuss the Company's second quarter results.

To join the call, please dial 866-700-7441 in the United States and Canada, and 617-213-8839 for other international locations and then enter the pass code 51644303. There will also be a live web broadcast and recorded replay available on the investor relations section of the Company's website at: http://www.verticalnet.com/company/investor.asp.

A replay of this call will be available after 7:00 p.m. EDT on the day of the call through 7:00 p.m., September 14, 2006, by dialing 888-286-8010 in the United States and Canada, and 617-801-6888 for other international locations, and entering pass code 54782632.

The recorded web broadcast replay will also be available on the Investor Relations section of the Company's website at: http://www.verticalnet.com/company/investor.asp.

About Verticalnet, Inc.

Verticalnet is a leading provider of on-demand supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

Cautionary Statement Regarding Forward-Looking Information

This announcement contains forward-looking information that involves risks and uncertainties. Such information includes statements about revenue trends in software and services, our core business growing rapidly, third quarter progress being reflected in billings, deferred revenue, additions to backlog, and increases in core supply management solutions business, future revenue growth, matters having an impact in new customer wins in the third quarter, progress continuing into the third quarter, driving significant revenue in coming quarters, and our ability to grow our existing base of customers, as well as statements that are preceded by, followed by or include the words "believes," "plans," "intends," "expects," "anticipated," "scheduled," or similar expressions. For such statements, Verticalnet claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include, but are not limited to, the continued availability and terms of equity and debt financing to fund our business, our reliance on the development of our enterprise software and services business, competition in our target markets, our ability to maintain our listing on The Nasdaq Capital Market, economic conditions in general and in our specific target markets, our ability to use and protect our intellectual property, and our ability to attract and retain qualified personnel, as well as those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2005 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2006, which have been filed with the SEC. Verticalnet is making these statements as of August 14, 2006 and assumes no obligation to publicly update or revise any of the forward-looking information in this announcement.

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC

Verticalnet, Inc.
Consolidated Statements of Operations (Unaudited)
(in thousands, except per share data)

Three Months Ended Six Months Ended
June 30, June 30,
------------------- -------------------
2006 2005 (4) 2006 2005 (4)
--------- --------- --------- ---------
Revenues:
Software and software related $ 1,890 $ 1,597 $ 3,431 $ 3,112
Services 2,295 3,447 4,670 7,208
--------- --------- --------- ---------
Total revenues 4,185 5,044 8,101 10,320
--------- --------- --------- ---------

Cost of revenues (1) :
Cost of software and software
related 575 758 1,173 1,458
Cost of services 1,432 1,823 3,084 3,781
Amortization of acquired
technology and customer
contracts 249 240 496 479
--------- --------- --------- ---------
Total cost of revenues 2,256 2,821 4,753 5,718
--------- --------- --------- ---------
Gross profit 1,929 2,223 3,348 4,602
--------- --------- --------- ---------

Operating expenses(1) :
Research and development 1,398 1,741 2,873 3,466
Sales and marketing 1,899 2,082 3,834 4,026
General and administrative 1,688 1,396 3,338 2,978
Litigation and settlement
costs 8 5 1,026 38
Restructuring charges
(reversals) (22) 324 216 324
Impairment charge for
goodwill 9,877 - 9,877 -
Amortization of other
intangible assets 201 301 459 625
--------- --------- --------- ---------
Total operating
expenses 15,049 5,849 21,623 11,457
--------- --------- --------- ---------
Operating loss (13,120) (3,626) (18,275) (6,855)
Interest and other expense,
net (2) 191 338 344 298
--------- --------- --------- ---------
Net loss $(13,311) $ (3,964) $(18,619) $ (7,153)
========= ========= ========= =========

Adjusted net loss from
operations (5) $ (2,356) $ (2,897) $ (5,383) $ (5,270)
========= ========= ========= =========

Basic and diluted loss per
common share: (3)
Net loss $ (1.75) $ (0.66) $ (2.52) $ (1.19)
========= ========= ========= =========
Adjusted net loss from
operations (5) $ (0.31) $ (0.48) $ (0.73) $ (0.88)
========= ========= ========= =========

Weighted average common shares
outstanding:
Basic and diluted (3) 7,597 6,023 7,389 6,010
========= ========= ========= =========
----------------------------------------------------------------------

(1) As of January 1, 2006, the Company adopted SFAS No. 123R. As a
result we now record expenses relating to stock option awards. The
following presents the impact of the adoption of SFAS 123R and
stock based compensation charges had on various expense categories
(in thousands):

Three Months Six Months
Ended June 30, Ended June 30,
--------------- ---------------
2006 2005 2006 2005
------- ------- ------- -------
Cost of revenues $ 100 $ 31 $ 214 $ 43
Research and development 68 4 138 18
Sales and marketing 142 73 242 164
General and administrative 274 89 470 192
------- ------- ------- -------
Total $ 584 $ 197 $1,064 $ 417
======= ======= ======= =======

(2) During the three and six months ended June 30, 2006, the Company
recorded a benefit from changes in the fair value of derivative
liabilities as well as interest expense and accretion on its
long-term debt.

(3) During the three and six months ended June 30, 2006 and 2005, the
diluted earnings per share calculation was the same as the basic
earnings per share calculation as all potentially dilutive
securities were anti-dilutive.

(4) Certain prior period amounts have been reclassified to conform
with the current period's financial statement presentation.

(5) See "Reconciliation of GAAP Results to Non-GAAP Results and Other
Financial Data" elsewhere in this press release.


Verticalnet, Inc.
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)

June 30, December 31,
2006 2005
------------ ------------

Assets
Current assets:
Cash and cash equivalents $ 4,173 $ 4,576
Restricted cash - 155
Accounts receivable, net 5,377 5,188
Prepaid expenses and other current assets 1,095 735
------------ ------------
Total current assets 10,645 10,654

Property and equipment, net 1,122 1,288
Goodwill 9,590 19,331
Other intangible assets, net 3,097 4,003
Other assets 809 768
------------ ------------
Total assets $ 25,263 $ 36,044
============ ============


Liabilities and Shareholders' Equity
Current liabilities:
Current portion of long-term debt,
convertible notes, and non-current
liabilities $ 7,925 $ 2,638
Accounts payable and accrued expenses 5,198 4,038
Deferred revenues 3,896 3,297
------------ ------------
Total current liabilities 17,019 9,973

Long-term debt, convertible notes, and non-
current liabilities 1,113 3,675

Shareholders' equity 7,131 22,396
------------ ------------
Total liabilities and shareholders'
equity $ 25,263 $ 36,044
============ ============


Verticalnet, Inc.
Consolidated Statements of Cash Flows (Unaudited)

(in thousands) Three Months Ended Six Months Ended
June 30, June 30,
2006 2005 2006 2005
--------- --------- --------- ---------
Operating activities:
Net loss $(13,311) $ (3,964) $(18,619) $ (7,153)
Adjustments to reconcile net
loss to net cash used in
operating activities:
Depreciation and
amortization 582 697 1,232 1,402
Stock-based compensation 584 197 1,064 417
Accretion of promissory
notes and non-cash interest 616 - 1,043 -
Change in the fair value of
derivative liabilities (694) - (1,201) -
Amortization of deferred
financing costs 136 - 256 -
Impairment of goodwill 9,877 - 9,877 -
Write-down related to cost
method investment - 364 - 364
Other non-cash items - - 9 -
Change in assets and
liabilities, net of effect of
acquisition:
Restricted cash 211 - - -
Accounts receivable (2,095) 659 (189) 1,541
Prepaid expenses and other
assets 112 140 317 (3)
Accounts payable and accrued
expenses 850 67 1,738 (910)
Deferred revenues 667 (243) 675 (226)
--------- --------- --------- ---------
Net cash used in operating
activities (2,465) (2,083) (3,798) (4,568)
--------- --------- --------- ---------
Investing activities:
Capital expenditures (21) (194) (66) (242)
Acquisition related payments - (150) (57) (150)
Restricted cash - - 155 -
--------- --------- --------- ---------
Net cash provided by (used in)
investing activities (21) (344) 32 (392)
--------- --------- --------- ---------
Financing activities:
Principal payments on long-
term debt and obligations
under capital leases (207) (264) (342) (366)
Proceeds from issuance of
senior subordinated
discount notes, net 3,677 - 3,677 -
Proceeds from exercise of
stock options and issuance
of non-vested stock 6 6 8 8
--------- --------- --------- ---------
Net cash provided by (used in)
financing activities 3,476 (258) 3,343 (358)
--------- --------- --------- ---------
Effect of exchange rate
fluctuation on cash and cash
equivalents 11 (71) 20 (133)
--------- --------- --------- ---------
Net increase (decrease) in
cash and cash equivalents 1,001 (2,756) (403) (5,451)
Cash and cash equivalents -
beginning of period 3,172 6,675 4,576 9,370
--------- --------- --------- ---------
Cash and cash equivalents -
end of period $ 4,173 $ 3,919 $ 4,173 $ 3,919
========= ========= ========= =========

Supplemental disclosure of
cash flow information
Cash paid during the period
for interest $ 14 $ 11 $ 129 $ 16
Supplemental schedule of non-
cash investing and financing
activities
Financed insurance policies $ 169 $ 186 $ 663 $ 816
Conversion of and payment on
senior convertible
promissory notes and
accrued interest into/with
common stock 1,057 - 2,063 -
Capital expenditures
financed through capital
lease arrangements - - 44 141


RECONCILIATION OF GAAP RESULTS TO NON-GAAP RESULTS AND OTHER FINANCIAL
DATA

Three Months Ended Six Months Ended
June 30, June 30,
------------------- -------------------
(In thousands, except per
share data) 2006 2005 2006 2005
--------- --------- --------- ---------

Revenues:
Software and software
related $ 1,890 $ 1,597 $ 3,431 $ 3,112
Services 2,295 3,447 4,670 7,208
--------- --------- --------- ---------
Total revenues 4,185 5,044 8,101 10,320
Total cost of revenues 2,256 2,821 4,753 5,718
--------- --------- --------- ---------
Gross profit 1,929 2,223 3,348 4,602
Total operating expenses 15,049 5,849 21,623 11,457
--------- --------- --------- ---------
Operating loss (13,120) (3,626) (18,275) (6,855)
Interest and other expense,
net 191 338 344 298
--------- --------- --------- ---------
Net loss (13,311) (3,964) (18,619) (7,153)

Non-GAAP adjustments:
Amortization of intangible
assets 450 541 955 1,104
Restructuring charges
(reversal) (22) 324 216 324
Stock-based compensation 584 197 1,064 417
Accretion of promissory
notes and non-cash
interest 616 - 1,043 -
Amortization of deferred
financing costs 136 - 256 -
Litigation costs 8 5 1,026 38
Impairment charge for
goodwill 9,877 - 9,877 -
Change in the fair value of
derivative liabilities (694) - (1,201) -
--------- --------- --------- ---------
Adjusted net loss from
operations $ (2,356) $ (2,897) $ (5,383) $ (5,270)
========= ========= ========= =========

Basic and diluted loss per
common share:
Net loss $ (1.75) $ (0.66) $ (2.52) $ (1.19)
========= ========= ========= =========
Adjusted net loss from
operations $ (0.31) $ (0.48) $ (0.73) $ (0.88)
========= ========= ========= =========

Weighted average common shares
outstanding:
Basic and diluted 7,597 6,023 7,389 6,010
========= ========= ========= =========


KEY METRICS Three months ended June 30,
---------------------------
2006 2005
------------- -------------
Total billings $ 4,906 $ 4,899
Software bookings 855 377



Contact:
Verticalnet, Inc.
Public Relations:
Scuzscon Walker, 610-695-2301
[e-mail]
or
Investor Relations:
Gene S. Godick, 610-240-0600
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.

[gallator]

Form 8-K for VERTICALNET INC


--------------------------------------------------------------------------------

1-Sep-2006

Unregistered Sale of Equity Securities



Item 3.02 Unregistered Sales of Equity Securities.
As previously reported, on August 16, 2005, Verticalnet, Inc. ("Verticalnet") issued $6.6 million aggregate principal amount of Senior Secured Convertible Promissory Notes due July 2, 2007 (the "Notes"). On September 1, 2006, pursuant to the terms of the Notes, Verticalnet paid an aggregate of $317,500 as payment of principal then due on the Notes through the issuance of an aggregate of 167,312 shares of Verticalnet's common stock and paid an aggregate of $203,390.85 in cash as payment of the remaining principal, interest, and fractional shares then due on the Notes to the holders of the Notes (the "Note Holders").

The shares of Verticalnet's common stock were issued to the Note Holders, each an accredited investor, in reliance on the exemption from registration provided by Rule 506 promulgated under the Securities Act of 1933, as amended.



--------------------------------------------------------------------------------

[risselutieme]

Antwort auf Beitrag Nr.: 21.816.939 von gallator am 26.05.06 16:30:11

ich finde ein reserve-split 1 zu 7 würde der aktie guttun

[carolyns]

Antwort auf Beitrag Nr.: 21.816.939 von gallator am 26.05.06 16:30:11

Was ist da in NY los? !!!

[CosmicTrade]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[gallator]

lt. Yahoo - Board wird auf eine Übernahme oder auf Insiderhandel getippt.

Gallator

[gallator]

MALVERN, Pa.--(BUSINESS WIRE)--Verticalnet, Inc. (Nasdaq:VERT - News), a leading provider of strategic sourcing and supply management solutions will announce the Company's financial results as of and for the three months and nine months ended September 30, 2006 on Tuesday, November 14, 2006 after the market closes.


Contact:
Verticalnet, Inc.
Scuzscon Walker, 610-695-2301
[e-mail]

[gallator]

Form 8-K for VERTICALNET INC


--------------------------------------------------------------------------------

8-Nov-2006

Unregistered Sale of Equity Securities



Item 3.02 Unregistered Sales of Equity Securities.
As previously reported, on August 16, 2005, Verticalnet issued $6.6 million aggregate principal amount of Senior Secured Convertible Promissory Notes due July 2, 2007 (the "Notes"). On November 1, 2006, pursuant to the terms of the Notes, Verticalnet paid an aggregate of $317,500 as payment of principal then due on the Notes through the issuance of an aggregate of 262,955 shares of Verticalnet's common stock and paid an aggregate of $192,868.14 in cash as payment of the remaining principal, interest, and fractional shares then due on the Notes to the holders of the Notes (the "Note Holders").

The shares of Verticalnet's common stock were issued to the Note Holders, each an accredited investor, in reliance on the exemption from registration provided by Rule 506 promulgated under the Securities Act of 1933, as amended.

[gallator]

Da sind Sie nun endlich !

Verticalnet Reports Financial Results for the Third Quarter of 2006
Tuesday November 14, 4:53 pm ET


MALVERN, Pa.--(BUSINESS WIRE)--Verticalnet, Inc. (Nasdaq: VERT - News), a leading provider of on-demand supply management solutions, today announced results for its third quarter ended September 30, 2006.

Revenues for the quarter ended September 30, 2006 were $4.2 million, as compared to $4.9 million for the quarter ended September 30, 2005. Verticalnet's net loss for the quarter ended September 30, 2006 was $3.4 million, or ($0.42) per share, as compared to a net loss of $3.7 million, or ($0.57) per share, for the quarter ended September 30, 2005. Adjusted net loss from operations(a) for the quarter ended September 30, 2006 was $1.7 million, or ($0.20) per share, as compared to an adjusted net loss from operations(a) of $2.9 million, or ($0.45) per share, for the quarter ended September 30, 2005. For the quarters ended September 30, 2006 and 2005, weighted-average shares outstanding were approximately 8.1 million and 6.5 million shares, respectively.

Total operating expenses, including cost of revenues, for the quarter were $6.4 million, which included non-cash charges for stock based compensation of $350,000 and amortization and depreciation expense of $607,000 as compared to $8.9 million for the third quarter of 2005, which included non-cash charges for stock based compensation of $211,000 and amortization and depreciation expense of $785,000. Excluding these non-cash charges, total operating expenses would have decreased by $2.4 million or 31%, to $5.5 million for the quarter ended September 30, 2006 as compared to $7.9 million for the quarter ended September 30, 2005. Total operating expenses, including cost of revenues, but excluding these non-cash charges as well as non-cash goodwill charges, decreased by $807,000 or 13% from the second quarter of 2006.

The Company reported that billings(b) for the third quarter of 2006 were $4.4 million, a decrease from $5.1 million for the comparable period last year. Total deferred revenues increased by $537,000 or 13% versus the deferred revenue balance at the end of the second quarter of 2006 and increased by $1.2 million or 34% since the beginning of 2006. We believe that our increase in deferred revenues indicates the growth we are achieving in our on-demand subscription business through the signing of new customer subscriptions for which revenue has not yet been recognized.

Total software and software related revenues increased to $2.3 million for the third quarter of 2006, a 46% increase over the third quarter of the prior year. The software and software related revenues for third quarter of 2006 include $800,000 in perpetual software revenue associated with a restructuring of a legacy perpetual software agreement. Services revenues for the third quarter of 2006 were $1.8 million as compared to $3.3 million for the comparable period in the prior year, which included a $925,000 decline in revenues from two of Verticalnet's largest historical accounts, which reflected revenues from legacy solutions that are not part of our go forward product offerings.

The third quarter of 2006 represented Verticalnet's highest bookings quarter over the last several years and Verticalnet's best software bookings(c) quarter in its history. Bookings were driven primarily by new customer contracts, broadening of existing customer relationships, as well as renewals of subscription software relationships. Software bookings(c) for the third quarter of 2006 were $4.6 million compared to $1.0 million for the comparable period in the prior year representing a 372% improvement over the prior year. Excluding the $1.0 million of bookings associated with the restructuring of a legacy perpetual software agreement, software bookings in the third quarter of 2006 represented a 270% increase over the same period in 2005. 78% of the total software and service bookings during the third quarter of 2006 are expected to be recognized as revenues in future quarters and 60% of the total potential billings are expected to be issued in future quarters as contractually agreed.

Over the past 12 months Verticalnet has executed a rigorous cost reduction strategy focused on aligning costs with sustainable revenue levels. Having focused on successful integration of four separate businesses between 2004 and 2005, the subsequent management effort has been on driving efficiency across the business. As a result of the cost reduction strategies, we have achieved significant reductions in cost of revenues and operating expenses for the third quarter of 2006 versus the same quarter in 2005. Compared to the same period in 2005, cost of revenues declined by 33%, research and development expenses declined by 34%, sales and marketing expenses declined by 24%, and general and administrative has remained relatively flat. We have achieved improved solution sales within our strategic lines of business and have continued investment across Verticalnet's XE suite while we have undertaken cost reductions.

Verticalnet finished the third quarter of 2006 with $2.5 million in cash having consumed $677,000 in operations and $1.2 million in debt service over the quarter. As of December 31, 2006, the Company expects to have approximately $2.0 to $2.5 million in cash and cash equivalents based on expected receipts from signed contracts and contracts in negotiation, including repaying $1.3 million in debt service during the fourth quarter of 2006.

As of September 30, 2006, the Company's current portion of long term debt, including convertible notes and other non-current liabilities, was $7.8 million. The Company is seeking to obtain the consent of the holders of our senior secured promissory notes to allow us to grant a security interest in our assets to the holder of our senior subordinated discounted promissory note (the "Discount Note"). If we are successful in obtaining that consent, the maturity date of the Discount Note will be extended to November 18, 2007 from January 31, 2007, the current portion of long term debt, convertible notes, and other non-current liabilities will be reduced to $3.1 million, and long term debt, convertible notes, and other non-current liabilities will be increased from $1.0 million to $5.7 million as of September 30, 2006. In addition, we are pursuing longer term options for restructuring our existing debt obligations.

"Our core business continues to see improved performance as reflected in our record quarter of bookings, our continued management of costs, and significant improvements in our adjusted results from operations," stated Nathanael V. Lentz, President and CEO of Verticalnet. "Increasingly, customers are selecting Verticalnet for our leading supply management solutions as well as our proven on-demand delivery model and I am pleased with some of the leading brand-name customers who have signed with us over the past quarter. We expect the benefit of these relationships will be reflected in the quarters to come." Lentz continued. "Despite new customer success and improved operating performance, we remain constrained by the structure of our current debt. We are committed to exploring paths to reduce this debt burden and position the business for accelerated growth."

BUSINESS HIGHLIGHTS:

Verticalnet experienced a strong selling quarter with new total bookings of $6.9 million and software bookings of $4.6 million. Specific business highlights since the beginning of the third quarter include:

Continued success in head-to-head competitive wins versus all major competitors with a short-list win rate of over 65% for the period;
17 new contracts signed or committed with existing customers, including a major sale of our Verticalnet® Spend Manager application to a global consumer packaged goods ("CPG") customer previously using Verticalnet® Negotiation Manager, multi-year software renewals to major hi-tech, retail, and CPG customers, and additional enablement and spend analysis services to a number of existing customers;
11 new customers, which include seven new software customers, were added during the third quarter. In addition, three existing software customers expanded their agreements to incorporate new software modules over the quarter. Since the beginning of the fourth quarter, Verticalnet has added two additional software customers and three additional services customers. During the third quarter and the fourth quarter to date approximately 88% of all new software contracts were on-demand subscriptions;
European momentum has continued with nine new European contracts signed over the quarter including four new software customers and significant services engagement to an existing customer; and
Verticalnet's optimization-led category sourcing solution, XECS, saw strong wins across both the US and Europe with eight new contracts signed in the third quarter.
"Success builds on success and our record total bookings in the third quarter suggests that we are doing many things right" stated Lentz. "Our best sales weapons are our customers and the references they provide. Our goal is to turn our new customers into reference worthy customers and to continue to build on the base of customers who speak both of satisfaction and value delivery. Our corporate culture is built on a foundation of customer focus, not simply new business focus, because a foundation of customer satisfaction is a strong place from which to build a sustainable business."

(a) Adjusted net loss from operations is a non-GAAP financial measure within the meaning of Regulation G promulgated by the Securities and Exchange Commission. We believe that adjusted net loss from operations provides useful information to investors as it excludes transactions not related to the core cash operating business activities. We believe that excluding these transactions allows investors to meaningfully trend and analyze the performance of our core cash operations. All companies do not calculate adjusted net loss from operations in the same manner, and adjusted net loss from operations as presented by Verticalnet may not be comparable to adjusted net loss from operations presented by other companies. Included, following the financial statements, is a reconciliation of net loss to adjusted net loss from operations that should be read in conjunction with the financial statements.

(b) Billings represents all invoices billed to customers during the quarter.

(c) Software bookings represent all software and software related agreements entered into during the referenced period with new or existing customers.

About Verticalnet, Inc.

Verticalnet is a leading provider of on-demand supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

Cautionary Statement Regarding Forward-Looking Information

This announcement contains forward-looking information that involves risks and uncertainties. Such information includes statements about growth in our on-demand subscription business, recognized revenues from bookings in future quarters, issued billings in future quarters, expected future cash balances, expected receipts from signed contracts and contracts in negotiation, continued improved performance, the benefit of customer relationships being reflected in the quarters to come, obtaining the consent of the holders of our senior secured promissory notes to allow us to grant a security interest in our assets to the holder of our senior subordinated discounted promissory note, extending the maturity date of the Discount Note from January 2007 to November 2007, pursuing options for restructuring debt obligations, exploring paths to reduce debt and positioning the business for accelerated growth, and turning our new customers into reference worthy customers and continuing to build on the base of customers, as well as statements that are preceded by, followed by or include the words "believes," "plans," "intends," "expects," "anticipated," "scheduled," or similar expressions. For such statements, Verticalnet claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include, but are not limited to, the continued availability and terms of equity and debt financing to fund our business, our reliance on the development of our enterprise software and services business, competition in our target markets, our ability to maintain our listing on The Nasdaq Capital Market, economic conditions in general and in our specific target markets, our ability to use and protect our intellectual property, and our ability to attract and retain qualified personnel, as well as those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2005 and our Quarterly Report on Form 10-Q for the quarters ended March 31, 2006 and June 30, 2006, which have been filed with the SEC. Verticalnet is making these statements as of November 14, 2006 and assumes no obligation to publicly update or revise any of the forward-looking information in this announcement. Verticalnet is a registered trademark or a trademark in the United

States and other countries of Vert Tech LLC

Verticalnet, Inc.

Consolidated Statements of

 Operations (Unaudited)

(in thousands, except per      Three Months Ended   Nine Months Ended

 share data)                      September 30,       September 30,

                               ------------------- -------------------

                                 2006    2005 (4)    2006    2005 (4)

                               --------- --------- --------- ---------

Revenues:

  Software and software

   related                       $2,343    $1,609    $5,774    $4,721

  Services                        1,830     3,289     6,500    10,497

                               --------- --------- --------- ---------

       Total revenues             4,173     4,898    12,274    15,218

                               --------- --------- --------- ---------



Cost of revenues (1):

  Cost of software and

   software related                 529       627     1,702     2,085

  Cost of services                1,047     1,872     4,131     5,653

  Amortization of acquired

   technology and customer

   contracts                        272       268       768       747

                               --------- --------- --------- ---------

       Total cost of revenues     1,848     2,767     6,601     8,485

                               --------- --------- --------- ---------

Gross profit                      2,325     2,131     5,673     6,733

                               --------- --------- --------- ---------



Operating expenses (1):

  Research and development        1,201     1,831     4,074     5,297

  Sales and marketing             1,630     2,155     5,464     6,181

  General and administrative      1,547     1,527     4,885     4,505

  Litigation and settlement

   costs                              6       154     1,032       192

  Restructuring charges

   (reversals)                      (21)      149       195       473

  Impairment charge for

   goodwill                           -         -     9,877         -

  Amortization of other

   intangible assets                201       344       660       969

                               --------- --------- --------- ---------

       Total operating

        expenses                  4,564     6,160    26,187    17,617

                               --------- --------- --------- ---------

Operating loss                   (2,239)   (4,029)  (20,514)  (10,884)

Interest and other expense

 (income), net (2)                1,145      (369)    1,489       (71)

                               --------- --------- --------- ---------

Net loss                        $(3,384)  $(3,660) $(22,003) $(10,813)

                               ========= ========= ========= =========



Adjusted net loss from

 operations (5)                 $(1,652)  $(2,931)  $(7,035)  $(8,201)

                               ========= ========= ========= =========



Basic and diluted loss per

 common share: (3)

       Net loss                  $(0.42)   $(0.57)   $(2.89)   $(1.76)

                               ========= ========= ========= =========

       Adjusted net loss from

        operations (5)           $(0.20)   $(0.45)   $(0.92)   $(1.33)

                               ========= ========= ========= =========



Weighted average common shares

 outstanding:

 Basic and diluted (3)            8,061     6,457     7,616     6,161

                               ========= ========= ========= =========



(1) As of January 1, 2006, the Company adopted SFAS No. 123R. As a result we now record expenses relating to stock option awards. The following presents the impact of the adoption of SFAS No. 123R and stock based compensation charges had on various expense categories (in thousands):



                               Three Months Ended   Nine Months Ended

                                   September 30,       September 30,

                               ------------------- -------------------

                                 2006      2005      2006      2005

                               --------- --------- --------- ---------

Cost of revenues                    $24       $41      $238       $84

Research and development             46         8       184        26

Sales and marketing                 105        71       347       235

General and administrative          175        91       645       283

                               --------- --------- --------- ---------

        Total                      $350      $211    $1,414      $628

                               ========= ========= ========= =========



(2) During the three and nine months ended September 30, 2006, the Company recorded a benefit from changes in the fair value of derivative liabilities as well as interest expense and accretion on its long-term debt. In addition, during the nine months ended September 30, 2005 the Company recorded a $364,000 write-down related to a cost method investment.



(3) During the three and nine months ended September 30, 2006 and 2005, the diluted earnings per share calculation was the same as the basic earnings per share calculation as all potentially dilutive securities were anti-dilutive.



(4) Certain prior period amounts have been reclassified to conform with the current period's financial statement presentation.



(5) See "Reconciliation of GAAP Results to Non-GAAP Results and Other Financial Data" elsewhere in this press release.



Verticalnet, Inc.

Condensed Consolidated Balance Sheets (Unaudited)

(In thousands)

                                           September 30, December 31,

                                               2006          2005

                                           ------------- -------------



                  Assets

Current assets:

  Cash and cash equivalents                      $2,467        $4,576

  Restricted cash                                     -           155

  Accounts receivable, net                        4,857         5,188

  Prepaid expenses and other current

   assets                                         1,080           735

                                           ------------- -------------

     Total current assets                         8,404        10,654



Property and equipment, net                       1,000         1,288

Goodwill                                          9,643        19,331

Other intangible assets, net                      2,643         4,003

Other assets                                        592           768

                                           ------------- -------------

      Total assets                              $22,282       $36,044

                                           ============= =============





   Liabilities and Shareholders' Equity

Current liabilities:

  Current portion of long-term debt,

   convertible notes, and other non-

   current liabilities                           $7,754        $2,638

  Accounts payable and accrued expenses           4,939         4,038

  Deferred revenues                               4,057         3,297

                                           ------------- -------------

      Total current liabilities                  16,750         9,973



Long-term debt, convertible notes, and

 other non-current liabilities                    1,028         3,675



Shareholders' equity                              4,504        22,396

                                           ------------- -------------

      Total liabilities and shareholders'

       equity                                   $22,282       $36,044

                                           ============= =============



Verticalnet, Inc.

Consolidated Statements of Cash

 Flows (Unaudited)

(in thousands)                 Three Months Ended   Nine Months Ended

                                  September 30,       September 30,

                               ------------------- -------------------

                                 2006      2005      2006      2005

                               --------- --------- --------- ---------

Operating activities:

Net loss                        $(3,384)  $(3,660) $(22,003) $(10,813)

Adjustments to reconcile net

 loss to net cash used in

 operating activities:

  Depreciation and amortization     607       785     1,839     2,187

  Stock-based compensation          350       211     1,414       628

  Accretion of promissory notes

   and non-cash interest            777       218     1,820       218

  Change in the fair value of

   derivative liabilities           (64)     (663)   (1,265)     (663)

  Amortization of deferred

   financing costs                  211        48       467        48

  Impairment of goodwill              -         -     9,877         -

  Write-down related to cost

   method investment                  -         -         -       364

  Other non-cash items                -         -         9         -

Change in assets and

 liabilities, net of effect of

 acquisition:

  Accounts receivable               520       119       331      1660

  Prepaid expenses and other

   assets                            28       200       345       197

  Accounts payable and accrued

   expenses                        (259)     (491)    1,479    (1,401)

  Deferred revenues                 537        85     1,212      (141)

                               --------- --------- --------- ---------

Net cash used in operating

 activities                        (677)   (3,148)   (4,475)   (7,716)

                               --------- --------- --------- ---------

Investing activities:

  Capital expenditures              (11)      (80)      (77)     (322)

  Acquisition related payments        -      (159)      (57)     (309)

  Restricted cash                     -         -       155         -

  Proceeds from sale of cost,

   equity method, and

   available-for-sale

   investments                        -       242         -       242

                               --------- --------- --------- ---------

Net cash provided by (used in)

 investing activities               (11)        3        21      (389)

                               --------- --------- --------- ---------

Financing activities:

  Principal payments on long-

   term debt and obligations

   under capital leases          (1,022)     (290)   (1,364)     (656)

  Proceeds from issuance of

   senior convertible notes,

   net                                -     5,951         -     5,951

  Proceeds from issuance of

   senior subordinated discount

   note, net                          -         -     3,677         -

  Proceeds from exercise of

   stock options and issuance

   of non-vested stock                3        65        11        73

                               --------- --------- --------- ---------

Net cash provided by (used in)

 financing activities            (1,019)    5,726     2,324     5,368

                               --------- --------- --------- ---------

Effect of exchange rate

 fluctuation on cash and cash

 equivalents                          1        45        21       (88)

                               --------- --------- --------- ---------

Net increase (decrease) in cash

 and cash equivalents            (1,706)    2,626    (2,109)   (2,825)

Cash and cash equivalents -

 beginning of period              4,173     3,919     4,576     9,370

                               --------- --------- --------- ---------

Cash and cash equivalents - end

 of period                       $2,467    $6,545    $2,467    $6,545

                               ========= ========= ========= =========



Supplemental disclosure of cash

 flow information

  Cash paid during the period

   for interest                    $131       $13      $260       $29

Supplemental schedule of non-

 cash investing and financing

 activities

  Conversion of and payments on

   senior convertible

   promissory notes and accrued

   interest into/with common

   stock                           $331        $-    $2,394        $-

  Financed insurance policies         -         -       663       816

  Capital expenditures financed

   through capital lease

   arrangements                       -         -        42       141

  Issuance of common stock as

   consideration for the

   Digital Union acquisition          -     2,973         -     2,973

  Issuance of warrants to

   private placement agent            -        35         -        35



RECONCILIATION OF GAAP RESULTS TO NON-GAAP RESULTS AND OTHER FINANCIAL

 DATA



                               Three Months Ended   Nine Months Ended

                                  September 30,       September 30,

                               ------------------- -------------------

(In thousands, except per share

 data)                           2006      2005      2006      2005

                               --------- --------- --------- ---------



Revenues:

  Software and software related  $2,343    $1,609    $5,774    $4,721

  Services                        1,830     3,289     6,500    10,497

                               --------- --------- --------- ---------

       Total revenues             4,173     4,898    12,274    15,218

Total cost of revenues            1,848     2,767     6,601     8,485

                               --------- --------- --------- ---------

       Gross profit               2,325     2,131     5,673     6,733

Total operating expenses          4,564     6,160    26,187    17,617

                               --------- --------- --------- ---------

Operating loss                   (2,239)   (4,029)  (20,514)  (10,884)

Interest and other expense

 (income), net                    1,145      (369)    1,489       (71)

                               --------- --------- --------- ---------

Net loss                         (3,384)   (3,660)  (22,003)  (10,813)



Non-GAAP adjustments:

   Amortization of intangible

    assets                          473       612     1,428     1,716

   Restructuring charges

    (reversals)                     (21)      149       195       473

   Stock-based compensation         350       211     1,414       628

   Accretion of promissory

    notes and non-cash interest     777       218     1,820       218

   Amortization of deferred

    financing costs                 211        48       467        48

   Litigation and settlement

    costs                             6       154     1,032       192

   Impairment charge for

    goodwill                          -         -     9,877         -

   Change in the fair value of

    derivative liabilities          (64)     (663)   (1,265)     (663)

                               --------- --------- --------- ---------

Adjusted net loss from

 operations                     $(1,652)  $(2,931)  $(7,035)  $(8,201)

                               ========= ========= ========= =========



Basic and diluted loss per

 common share:

       Net loss                  $(0.42)   $(0.57)   $(2.89)   $(1.76)

                               ========= ========= ========= =========

       Adjusted net loss from

        operations               $(0.20)   $(0.45)   $(0.92)   $(1.33)

                               ========= ========= ========= =========



Weighted average common shares

 outstanding:

Basic and diluted                 8,061     6,457     7,616     6,161

                               ========= ========= ========= =========



            KEY METRICS              Three months ended September 30,

                                     ---------------------------------

                                          2006             2005

                                     ---------------- ----------------

Total billings                                $4,442           $5,131

Software bookings                              4,604              975

Contact:
Verticalnet, Inc.
Public Relations:
Scuzscon Walker, 610-695-2301
[e-mail]
or
Investor Relations:
Gene S. Godick, 610-240-0600
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.

Gruß

Gallator

[gallator]

Der erste verläßt das Boot !

Verticalnet CFO Gene Godick Leaves Company for New Venture
Thursday December 7, 9:18 am ET
Jonathan Cohen Named Chief Accounting Officer


MALVERN, Pa.--(BUSINESS WIRE)--Verticalnet, Inc. (Nasdaq:VERT - News), a leading provider of on demand supply management solutions, today announced that Verticalnet EVP and Chief Financial Officer Gene S. Godick has resigned from Verticalnet effective December 1, 2006. Godick resigned his position to purchase and serve as chief executive officer for an apparel company based in the Philadelphia area.

Verticalnet Controller Jonathan T. Cohen has been named Chief Accounting Officer and Godick has been retained by the Company as a consultant to assist in the transition for the next several months. Cohen has served as Verticalnet's Controller since 2003 with primary responsibility for the Company's accounting operations and financial reporting.

Cohen's public accounting background includes an account manager position with Deloitte & Touche as well as five years as a senior auditor with Fishbein & Company. In addition to his public accounting experience, Cohen has held senior accounting positions with both publicly traded and privately held companies. Cohen, a Certified Public Accountant in the Commonwealth of Pennsylvania, received a bachelor's degree from Hartwick College and an MBA with a concentration in Finance from LaSalle University.

"It has been a pleasure for me to serve as Verticalnet's CFO for over seven years in two separate stints," said Godick. "While there are exciting prospects ahead for Verticalnet, I could not pass up a unique opportunity to expand my skill set as a business owner and CEO. I am grateful for the experiences that I have had at Verticalnet, and I look forward to following the Company's continued progress from the sidelines. Jon and I have worked very closely over the last several years and I am quite confident that Jon will have a smooth transition into his new position."

"Gene has been a tremendous asset to Verticalnet -- from taking the Company public in 1999, to helping to restructure the Company since his return to Verticalnet in 2003," said Nathanael V. Lentz, Verticalnet's president and CEO. "I thank Gene for his contributions and wish him well in his new role. Jon Cohen has been our Controller since 2003, and is well prepared to take on the role of Chief Accounting Officer. Gene's continued involvement with Verticalnet in a consulting role will ease the transition and speaks to the strength of our relationship even as Gene moves on to a new and exciting opportunity."

About Verticalnet

Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

To learn more, please visit us at www.verticalnet.com

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC



Contact:
Verticalnet, Inc.
Media Contact:
Scuzscon Walker, 610-695-2301
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.

[gallator]

7-Dec-2006

Entry into a Material Definitive Agreement, Termination of a Material Definitive



Item 1.01 Entry into a Material Definitive Agreement.
Employment Agreement with Jonathan T. Cohen
On December 1, 2006, Verticalnet, Inc. ("Verticalnet" or the "Company") entered into an employment agreement with Jonathan T. Cohen, the Company's newly appointed Vice President and Chief Accounting Officer (the "Employment Agreement").

The Employment Agreement provides for a base salary of $175,000. The Employment Agreement has a term of one year, with automatic renewal unless either party gives at least one year advance notice of non-renewal. If Mr. Cohen is terminated without cause (with one month advance notice of termination without cause), then he will receive, in exchange for a mutual general release, a lump sum payment equal to his salary for three months and a pro rata portion of any bonus Mr. Cohen would have earned in the year of termination. In addition, the Company will pay healthcare coverage for six months; unvested options would be accelerated and all vested options would be exercisable for 90 days after termination of employment. If within one year after a change of control, Mr. Cohen is terminated without cause or chooses to leave for "good reason," then he will receive the termination without cause benefits above, except Mr. Cohen will receive a lump sum payment equal to his salary for six months. The Employment Agreement provides for a cap to the executive's compensation if it produces a greater net benefit than an uncapped award would after accounting for the increased tax obligation resulting from being an excess parachute payment under sections 280G and 4999 of the Internal Revenue Code. The Employment Agreement defines "good reason" after a change of control as (1) the executive being transferred more than 50 miles without consent; (2) the Company taking any action resulting in Mr. Cohen not being a Vice President of the Company; (3) a material reduction of authority, duties, or responsibilities after reasonable notice and a chance to cure; (4) any failure of the Company materially to comply with and satisfy the terms of the Employment Agreement; or (5) non-renewal of the Employment Agreement by the Company.

Termination Letter Agreement with Gene S. Godick

On December 1, 2006, the Company entered into termination letter agreement with Gene S. Godick in connection with his resignation as the Company's Executive Vice President and Chief Financial Officer. Pursuant to the agreement, the Company agreed to provide Mr. Godick with a termination payment equal to one month base pay, continued health care benefits through December 31, 2007, and the accelerated vesting of 4,444 shares of restricted stock previously granted to Mr. Godick.

Consulting Agreement with Gene S. Godick

On December 1, 2006, the Company entered into a consulting agreement with Gene S. Godick in connection with his resignation as the Company's Executive Vice President and Chief Financial Officer. The consulting agreement provides for a month to month term, a rate of $375 per hour for services performed and reimbursement of expenses, and the indemnification of Mr. Godick by the Company to the extent provided by Pennsylvania law.

Item 1.02 Termination of a Material Definitive Agreement.
The Employment Agreement between Gene S. Godick and Verticalnet dated February 5, 2003, as amended, was terminated in conjunction with Mr. Godick's resignation as Executive Vice President and Chief Financial Officer of Verticalnet.

Item 3.02 Unregistered Sales of Equity Securities.
As previously reported, on August 16, 2005, Verticalnet issued $6.6 million aggregate principal amount of Senior Secured Convertible Promissory Notes due July 2, 2007 (the "Notes"). On December 1, 2006, pursuant to the terms of the Notes, Verticalnet paid an aggregate of $335,710 as payment of principal and interest then due on the Notes through the issuance of an aggregate of 609,450 shares of Verticalnet's common stock to the holders of the Notes (the "Note Holders").

The shares of Verticalnet's common stock were issued to the Note Holders, each an accredited investor, in reliance on the exemption from registration provided by Rule 506 promulgated under the Securities Act of 1933, as amended.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Financial Officer

Effective December 1, 2006, Gene S. Godick resigned as Executive Vice President and Chief Financial Officer of the Company. A copy of the press release announcing these events is attached hereto as Exhibit 99.1.

Appointment of Chief Accounting Officer

Effective December 1, 2006, the Company appointed Jonathan T. Cohen as Vice President and Chief Accounting Officer. Mr. Cohen has served as Verticalnet's Controller since 2003 with primary responsibility for the Company's accounting operations and financial reporting.

Mr. Cohen has held senior accounting positions with both publicly traded and privately held companies. Immediately prior to joining Verticalnet, Mr. Cohen assisted Constar International during and after their initial public offering and subsequent SEC filings. From 2000 until 2001, Mr. Cohen was a manager in the Deloitte & Touche Emerging Growth practice, which provided consulting services for start-up technology companies. From 1995 until 2000, Mr. Cohen was controller of Wilmar Industries, a publicly traded national distributor of repair and maintenance products to the multi-family industry, where he was responsible for the accounting operations and financial reporting. In addition, Mr. Cohen was a member of the Acquisition/Integration team where he primarily responsible for the financial due diligence and subsequent accounting integration of fifteen acquisitions. From 1991 until 1995, Mr. Cohen was an auditor with Fishbein and Company, P.C.

Mr. Cohen, 37, is a Certified Public Accountant in the Commonwealth of Pennsylvania and received a bachelor's degree from Hartwick College and an MBA with a concentration in Finance from LaSalle University.

The information provided in response to Item 1.01 under the heading "Employment Agreement with Jonathan T. Cohen" of this current report on Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

[gallator]

Customer Premier Inc. Wins Nation's Top Honor for Quality, Performance Excellence
Wednesday December 13, 9:01 am ET
Leading Healthcare Purchasing Organization Wins 2006 Malcolm Baldrige National Quality Award


MALVERN, Pa.--(BUSINESS WIRE)--Verticalnet, Inc. (Nasdaq: VERT - News) Verticalnet President and CEO Nathanael V. Lentz today congratulated Verticalnet XE customer Premier Inc. on being selected as the 2006 recipient of the prestigious Malcolm Baldrige National Quality Award, the nation's highest honor for quality and organizational performance excellence. President George W. Bush and Commerce Secretary Carlos Gutierrez announced the award November 21, 2006.

"We congratulate Premier for receiving the Baldrige Award and for the recognition of its sourcing-focused business process excellence by U.S. Department of Commerce," Lentz said. "We are extremely pleased that our solutions have been able to contribute to Premier's being recognized as one of the highest performing organizations in the United States. Verticalnet's mission is to help organizations such a Premier develop leading sourcing processes and achieve world class sourcing results."

John Biggers, Premier Group Vice President of Sourcing, said, "Winning the Baldrige award is truly a company-wide accomplishment and we are certainly proud that our employees' hard work has been recognized. Our ability to illustrate process control and visibility through the use of Verticalnet's XE solution was a contributor to the recognition. It provides Premier with a visible, auditable, and centralized system that helps drive process excellence."

The Malcolm Baldrige National Quality Award is based on recommendations by the Department of Commerce which selects up to three organizations in the areas of healthcare, manufacturing, education, service and small business. The award is given by the President of the United States to business in those categories that apply and are judged to be outstanding in seven areas: leadership; strategic planning; customer and market focus; measurement, analysis, and knowledge management; human resource focus; process management; and results.

About Premier, 2006 Malcolm Baldrige National Quality Award recipient

Serving 1,700 hospitals and more than 43,000 other healthcare sites, Premier Inc. is the largest healthcare alliance in the United States dedicated to improving patient outcomes while safely reducing the cost of care. Owned by not-for-profit hospitals, Premier operates the nation's largest healthcare purchasing network, the most comprehensive repository of hospital clinical and financial information and one of the largest policy-holder owned, hospital professional liability risk-retention groups in healthcare. Headquartered in San Diego, Premier has offices in Charlotte, N.C. and Washington. For more information, visit www.premierinc.com.

About Verticalnet

Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

To learn more, please visit us at www.verticalnet.com

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC



Contact:
Verticalnet, Inc.
Media:
Scuzscon Walker, 610-695-2301
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.

[mayte]

Antwort auf Beitrag Nr.: 25.418.747 von gallator am 15.11.06 18:10:16

Also für einen kurzen Einstieg eine Überlegung wert MK 7Mio
Umsatz ca. 17 Mio.
Wenn die wirklich die Verluste runterfahren könnten, na dann

[gallator]

Form 8-K for VERTICALNET INC


--------------------------------------------------------------------------------

5-Jan-2007

Termination of a Material Definitive Agreement, Unregistered Sale of Equity Secur

Item 1.02 Termination of a Material Definitive Agreement.

The Employment Agreement between Brent Habig and Verticalnet dated January 28, 2004 was terminated in conjunction with Mr. Habig's resignation as Executive Vice President of Verticalnet, Inc. ("Verticalnet") effective January 5, 2007.

Item 3.02 Unregistered Sales of Equity Securities.
As previously reported, on August 16, 2005, Verticalnet issued $6.6 million aggregate principal amount of Senior Secured Convertible Promissory Notes due July 2, 2007 (the "Notes"). On January 2, 2007, pursuant to the terms of the Notes, Verticalnet paid an aggregate of $333,339.79 as payment of principal and interest then due on the Notes through the issuance of an aggregate of 408,357 shares of Verticalnet's common stock and $89,356.55 in cash to the holders of the Notes (the "Note Holders").

The shares of Verticalnet's common stock were issued to the Note Holders, each an accredited investor, in reliance on the exemption from registration provided by Rule 506 promulgated under the Securities Act of 1933, as amended.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Executive Officer

Effective January 5, 2007, Brent Habig resigned as Executive Vice President of Verticalnet.

Resignation of Director

Effective December 31, 2006, Jeffrey C. Ballowe resigned as a Director of Verticalnet.

[gerdass]

Antwort auf Beitrag Nr.: 21.816.939 von gallator am 26.05.06 16:30:11

Diese Aktie sollte man haben

[Charman]

0.56

[Charman]

heute um so mehr;
Fällt heute der Startschuss zu einer Rally??

[gallator]

Antwort auf Beitrag Nr.: 21.816.939 von gallator am 26.05.06 16:30:11

Man o man, die kriegen das definitiv nicht mehr hin.


Press Release Source: Verticalnet, Inc.


Verticalnet Reports Financial Results for the Fourth Quarter of 2006
Tuesday March 6, 5:45 pm ET

MALVERN, Pa.--(BUSINESS WIRE)--Verticalnet, Inc. (Nasdaq:VERT - News), a leading provider of on-demand supply management solutions, today announced results for its fourth quarter and year ended December 31, 2006.


Revenues for the quarter ended December 31, 2006 were $3.9 million, as compared to $5.4 million for the quarter ended December 31, 2005. Verticalnet's net loss for the quarter ended December 31, 2006 was $2.5 million or ($0.28) per share, as compared to a net loss of $2.9 million, or ($0.43) per share, for the quarter ended December 31, 2005. Adjusted net loss from operations(a) for the quarter ended December 31, 2006 was $720,000, or ($0.08) per share, as compared to an adjusted net loss from operations(a) of $1.4 million, or ($0.20) per share, for the quarter ended December 31, 2005. For the quarters ended December 31, 2006 and 2005, weighted-average shares outstanding were approximately 8.8 million and 6.7 million shares, respectively.

Total operating expenses, including cost of revenues, for the quarter were $6.5 million, which included non-cash charges for stock based compensation of $221,000 and amortization and depreciation expense of $630,000, as compared to $8.3 million for the fourth quarter of 2005, which included non-cash charges for stock based compensation of $282,000 and amortization and depreciation expense of $811,000. Excluding these non-cash charges, total operating expenses would have decreased by $1.6 million or 21%, to $5.6 million for the quarter ended December 31, 2006 as compared to $7.2 million for the quarter ended December 31, 2005.

The Company reported that billings(b) for the fourth quarter of 2006 were $5.2 million, a decrease from $5.6 million for the comparable period last year. Total deferred revenues as of December 31, 2006 were $4.6 million, which represents an increase of $1.0 million or 28% since the beginning of 2006. Cash balance as of December 31, 2006 was $2.8 million, increasing by $342,000 as compared to the cash balance of $2.5 million as of September 30, 2006 and decreasing by $1.8 million as compared to the cash balance of $4.6 million as of December 31, 2005. Verticalnet paid $860,000 in cash for debt service during the quarter.

Total software and software related revenues increased to $2.2 million for the fourth quarter of 2006, a modest increase over the $2.1 million in software and software related revenue recognized in the fourth quarter of the prior year. Services revenues for the fourth quarter of 2006 were $1.7 million as compared to $3.3 million for the comparable period in the prior year. The decline in service revenues was driven by a $1.7 million decline in revenues from two of Verticalnet's largest historical accounts, which reflected revenues from legacy solutions that are not part of the Company's future planned product offerings. Revenue from these two large historical accounts accounted for 9% of total revenue in the fourth quarter of 2006 as compared to 37% of revenue in the fourth quarter of 2005.

In the fourth quarter, Verticalnet continued its efforts to reduce its overall cost structure through product line rationalization and organizational realignment. As a result of these measures, the Company achieved significant reductions in cost of revenues and operating expenses for the fourth quarter of 2006 versus the same quarter in 2005. Compared to the same period in 2005, cost of revenues declined by 36%, and total operating expenses declined overall by 13%. Total operating expenses were adversely affected by higher legal and accounting costs incurred during the fourth quarter of 2006.

Other income in the fourth quarter of 2006 increased by $1.4 million as a result of the license of the source code of certain legacy software to an existing customer who was operating on the legacy platform. As part of the transaction, four software development employees responsible for the development of the legacy platform were transferred to the customer.

As previously announced on December 20, 2006, the Company successfully restructured a major debt obligation during the fourth quarter of 2006, extending the maturity date on the Senior Discount Note to April 2008 from January 2007. As part of this restructuring, the principal amount of the Senior Discount Note was increased from $5.3 million to $5.5 million.

"2006 was a year of transition for Verticalnet. Our reliance on the revenues from two legacy customers was largely eliminated, as was the requirement to support legacy products, thus enabling us to greatly reduce our cost base. Meanwhile, our on-demand solutions continued to drive an increasing percentage of our total revenue," stated Nathanael V. Lentz, President and CEO of Verticalnet.

BUSINESS HIGHLIGHTS:

Verticalnet experienced a strong selling quarter with new total bookings of $4.1 million in the fourth quarter of 2006. Specific business highlights for the quarter and the year include:

Continued success in head-to-head competitive wins versus major competitors, with a short-list win rate of over 60% in the quarter;
12 new contracts signed or committed with existing customers in the quarter. This includes a license of our Verticalnet® XECS Transportation solution to a major industrial customer previously using Verticalnet® Spend Manager; multi-year software renewals by major CPG, printing, and energy customers; and additional enablement and spend analysis services to a number of existing customers;
Five new customers, which include two new software customers, were added during the fourth quarter. Since the beginning of 2007, Verticalnet has added two additional new software customers.
Over 2006, Verticalnet saw a 53% increase in software customers operating on our leading Verticalnet XE Supply Management suite.
As of the end of 2006, customers operating on the Verticalnet XE Supply Management suite represent over 80% of all of Verticalnet's software customers.
Despite Verticalnet's de-emphasis of other legacy products, overall software customers grew by 30% over the period.
Verticalnet's operations supporting our on-demand customers recorded strong growth in usage and high levels of service during 2006. Key metrics include:
As of the end of 2006, over 85% of all Verticalnet software customers and 90% of all Verticalnet XE Supply Management suite customers take advantage of Verticalnet's Software as a Service offering.
Negotiation events conducted through the XE environment increased by over 250% and total suppliers participating in online negotiations increased over 350% in 2006.
In February 2007, Verticalnet announced the release of Verticalnet XE 5.4. Enhancements were developed in conjunction with customer feedback on best practices and ongoing market research and focused on emerging trends within the supply management field. The enhanced functionality of Verticalnet XE 5.4 specifically addresses the following emerging customer priorities:
Improving the skills of key sourcing professionals
Converting visibility of supplier performance into value
Increasing competitiveness and visibility during online negotiations
"Verticalnet is known for great products, great people, and a commitment to customer success. It is upon these three pillars that we will seek to grow our business -- one satisfied customer at a time," said Lentz. "Despite continued progress in our business and the successful restructuring of our debt, we remain undercapitalized when compared to many of our competitors. Over the coming quarters we are committed to taking appropriate actions which we believe will both reduce our debt burden and recapitalize the business."

(a) Adjusted net loss from operations is a non-GAAP financial measure within the meaning of Regulation G promulgated by the Securities and Exchange Commission. We believe that adjusted net loss from operations provides useful information to investors as it excludes transactions not related to the core cash operating business activities. We believe that excluding these transactions allows investors to meaningfully trend and analyze the performance of our core cash operations. All companies do not calculate adjusted net loss from operations in the same manner, and adjusted net loss from operations as presented by Verticalnet may not be comparable to adjusted net loss from operations presented by other companies. Included, following the financial statements, is a reconciliation of net loss to adjusted net loss from operations that should be read in conjunction with the financial statements.

(b) Billings represents all invoices billed to customers during the quarter.

(c) Software bookings represent all software and software related agreements entered into during the referenced period with new or existing customers.

About Verticalnet, Inc.

Verticalnet is a leading provider of on-demand supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise.

Cautionary Statement Regarding Forward-Looking Information

This announcement contains forward-looking information that involves risks and uncertainties. Such information includes statements about growth of the business, reductions of debt obligations, and recapitalization of the business, as well as statements that are preceded by, followed by or include the words "believes," "plans," "intends," "expects," "anticipated," "scheduled," or similar expressions. For such statements, Verticalnet claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include, but are not limited to, the continued availability and terms of equity and debt financing to fund our business, our reliance on the development of our enterprise software and services business, competition in our target markets, our ability to maintain our listing on The Nasdaq Capital Market, economic conditions in general and in our specific target markets, our ability to use and protect our intellectual property, and our ability to attract and retain qualified personnel, as well as those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2005 and our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2006, June 30, 2006, and September 30, 2006 which have been filed with the SEC. Verticalnet is making these statements as of March 6, 2007 and assumes no obligation to publicly update or revise any of the forward-looking information in this announcement.

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC

Verticalnet, Inc.
Consolidated Statements of Operations (Unaudited)

(in thousands, except per Three Months Ended Twelve Months Ended
share data) December 31, December 31,
--------------------- ---------------------
2006 2005(4) 2006 2005(4)
---------- ---------- ---------- ----------
Revenues:
Software and software
related $2,189 $2,135 $7,963 $6,856
Services 1,701 3,297 8,201 13,794
---------- ---------- ---------- ----------
Total revenues 3,890 5,432 16,164 20,650
---------- ---------- ---------- ----------

Cost of revenues(1):
Cost of software and
software related 415 753 2,117 2,838
Cost of services 1,214 1,955 5,345 7,608
Amortization of
acquired technology
and customer contracts 285 272 1,053 1,019
---------- ---------- ---------- ----------
Total cost of
revenues 1,914 2,980 8,515 11,465
---------- ---------- ---------- ----------
Gross profit 1,976 2,452 7,649 9,185
---------- ---------- ---------- ----------

Operating expenses(1):
Research and
development 1,152 1,493 5,226 6,790
Sales and marketing 1,608 1,792 7,072 7,973
General and
administrative 1,620 1,499 6,505 6,004
Litigation and
settlement costs - 170 1,032 362
Restructuring charges
(reversals) - (32) 195 441
Impairment charge for
goodwill - - 9,877 -
Amortization of other
intangible assets 203 374 863 1,343
---------- ---------- ---------- ----------
Total operating
expenses 4,583 5,296 30,770 22,913
---------- ---------- ---------- ----------
Operating loss (2,607) (2,844) (23,121) (13,728)
Interest and other expense
(income), net(2) (138) 63 1,351 (8)
---------- ---------- ---------- ----------
Net loss $(2,469) $(2,907) $(24,472) $(13,720)
========== ========== ========== ==========

Adjusted net loss from
operations(5) $(720) $(1,369) $(7,755) $(9,570)
========== ========== ========== ==========

Basic and diluted loss per
common share3)
Net loss $(0.28) $(0.43) $(3.09) $(2.18)
========== ========== ========== ==========
Adjusted net loss from
operations(5) $(0.08) $(0.20) $(0.98) $(1.52)
========== ========== ========== ==========

Weighted average common
shares outstanding:
Basic and diluted(3) 8,849 6,697 7,927 6,296
========== ========== ========== ==========

----------------------------------------------------------------------

(1) As of January 1, 2006, the Company adopted SFAS No. 123R. As a
result, we now record compensation expense relating to stock
option awards. Prior to the adoption of SFAS No. 123R the Company
recorded stock based compensation under APB 25. The following
presents the actual compensation expense recorded in 2006 and
2005 under SFAS No. 123R and APB 25, respectively, and the
related impact on the various expense categories (in thousands):

Three Months Ended Twelve Months Ended
December 31, December 31,
--------------------- ---------------------
2006 2005 2006 2005
---------- --------------------- ----------
Cost of revenues $34 $75 $272 $159
Research and development 30 19 214 45
Sales and marketing 52 90 399 325
General and administrative 105 98 750 381
---------- ---------- ---------- ----------
Total $221 $282 $1,635 $910
========== ========== ========== ==========


(2) During the year ended December 31, 2006 and 2005, the Company
recorded a benefit from changes in the fair value of derivative
liabilities as well as interest expense and accretion on its
long-term debt. During the three months ended December 31, 2006,
the Company recorded $1.4 million in other income related to the
licensing of the source code one of their legacy software
products. In addition, during the year ended December 31, 2005,
the Company recorded a $364,000 write-down related to a cost
method investment.

(3) During the year ended December 31, 2006 and 2005, the diluted
earnings per share calculation was the same as the basic earnings
per share calculation as all potentially dilutive securities were
anti-dilutive.

(4) Certain prior period amounts have been reclassified to conform
with the current period's financial statement presentation.

(5) See "Reconciliation of GAAP Results to Non-GAAP Results and Other
Financial Data" elsewhere in this press release.

Verticalnet, Inc.
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)


December 31, December 31,
2006 2005
------------ ------------

Assets
Current assets:
Cash and cash equivalents $2,809 $4,576
Restricted cash - 155
Accounts receivable, net 3,877 5,188
Prepaid expenses and other current
assets 778 735
------------ ------------
Total current assets 7,464 10,654

Property and equipment, net 920 1,288
Goodwill 9,709 19,331
Other intangible assets, net 2,184 4,003
Other assets 416 768
------------ ------------
Total assets $20,693 $36,044
============ ============


Liabilities and Shareholders' Equity
Current liabilities:
Current portion of long-term debt,
convertible notes, and other non-
current liabilities $2,170 $2,638
Accounts payable and accrued expenses 5,698 4,038
Deferred revenues 3,756 3,297
------------ ------------
Total current liabilities 11,624 9,973

Long-term debt, convertible notes, and
other non-current liabilities 6,127 3,675

Shareholders' equity 2,942 22,396
------------ ------------
Total liabilities and shareholders'
equity $20,693 $36,044
============ ============


Verticalnet, Inc.
Consolidated Statements of Cash Flows (Unaudited)

(in thousands) Three Months Ended Twelve Months Ended
December 31, December 31,
--------------------- ---------------------
2006 2005 2006 2005
---------- ---------- ---------- ----------
Operating activities:
Net loss $(2,469) $(2,907) $(24,472) $(13,720)
Adjustments to reconcile
net loss to net cash used
in operating activities:
Depreciation and
amortization 630 811 2,469 2,998
Stock-based
compensation 221 282 1,635 910
Accretion of promissory
notes and non-cash
interest 645 687 2,465 905
Change in the fair
value of derivative
liabilities 183 (340) (1,082) (1,003)
Amortization of
deferred financing
costs 212 125 679 173
Impairment of goodwill - - 9,877 -
Gain on B2eMarkets
settlement - (330) - (330)
Write-down related to
cost method investment - - - 364
Other non-cash items - (61) 9 (61)
Change in assets and
liabilities, net of
effect of acquisition:
Accounts receivable 980 (453) 1,311 1,207
Prepaid expenses and
other assets 29 870 374 1,067
Accounts payable and
accrued expenses 1,041 7 2,520 (1,394)
Deferred revenues (209) 203 1,003 62
---------- ---------- ---------- ----------
Net cash provided by (used
in) operating activities 1,263 (1,106) (3,212) (8,822)
---------- ---------- ---------- ----------
Investing activities:
Capital expenditures (59) (177) (136) (499)
Acquisition related
payments - (439) (57) (748)
Restricted cash - - 155 -
Proceeds from sale of
cost, equity method,
and available-for-sale
investments - - - 242
---------- ---------- ---------- ----------
Net cash used in investing
activities (59) (616) (38) (1,005)
---------- ---------- ---------- ----------
Financing activities:
Principal payments on
long-term debt and
obligations under
capital leases (860) (199) (2,224) (855)
Proceeds from issuance
of senior convertible
notes, net - - - 5,951
Proceeds from issuance
of senior subordinated
discount note, net - - 3,677 -
Proceeds from exercise
of stock options and
issuance of non-vested
stock 3 43 14 116
---------- ---------- ---------- ----------
Net cash provided by (used
in) financing activities (857) (156) 1,467 5,212
---------- ---------- ---------- ----------
Effect of exchange rate
fluctuation on cash and
cash equivalents (5) (91) 16 (179)
---------- ---------- ---------- ----------
Net increase (decrease) in
cash and cash equivalents 342 (1,969) (1,767) (4,794)
Cash and cash equivalents
- beginning of period 2,467 6,545 4,576 9,370
---------- ---------- ---------- ----------
Cash and cash equivalents
- end of period $2,809 $4,576 $2,809 $4,576
========== ========== ========== ==========

Supplemental disclosure of
cash flow information
Cash paid during the
period for interest $222 $6 $482 $35
Supplemental schedule of
non-cash investing and
financing activities
Conversion of and
payments on senior
convertible promissory
notes and accrued
interest into/with
common stock $590 $541 $2,984 $541
Financed insurance
policies - - 663 816
Capital expenditures
financed through
capital lease
arrangements - 17 42 158
Issuance of common
stock as consideration
for the Digital Union
acquisition - - - 2,973
Issuance of warrants to
private placement
agent - - - 35
Cancellation of common
stock as a result of
the B2eMarkets
acquisition - (437) - (437)


RECONCILIATION OF GAAP RESULTS TO NON-GAAP RESULTS AND OTHER FINANCIAL
DATA


Three Months Ended Twelve Months Ended
December 31, December 31,
--------------------- ---------------------
(In thousands, except per
share data) 2006 2005 2006 2005
---------- ---------- ---------- ----------

Revenues:
Software and software
related $2,189 $2,135 $7,963 $6,856
Services 1,701 3,297 8,201 13,794
---------- ---------- ---------- ----------
Total revenues 3,890 5,432 16,164 20,650
Total cost of revenues 1,914 2,980 8,515 11,465
---------- ---------- ---------- ----------
Gross profit 1,976 2,452 7,649 9,185
Total operating expenses 4,583 5,296 30,770 22,913
---------- ---------- ---------- ----------
Operating loss (2,607) (2,844) (23,121) (13,728)
Interest and other expense
(income), net (138) 63 1,351 (8)
---------- ---------- ---------- ----------
Net loss (2,469) (2,907) (24,472) (13,720)

Non-GAAP adjustments:
Amortization of
intangible assets 488 646 1,916 2,362
Restructuring charges
(reversals) - (32) 195 441
Stock-based
compensation 221 282 1,635 910
Accretion of promissory
notes and non-cash
interest 645 687 2,465 905
Amortization of
deferred financing
costs 212 125 679 173
Litigation costs - 170 1,032 362
Impairment charge for
goodwill - - 9,877 -
Change in the fair
value of derivative
liabilities 183 (340) (1,082) (1,003)
---------- ---------- ---------- ----------
Adjusted net loss from
operations $(720) $(1,369) $(7,755) $(9,570)
========== ========== ========== ==========

Basic and diluted loss per
common share:
Net loss $(0.28) $(0.43) $(3.09) $(2.18)
========== ========== ========== ==========
Adjusted net loss
from operations $(0.08) $(0.20) $(0.98) $(1.52)
========== ========== ========== ==========

Weighted average common
shares outstanding:
Basic and diluted 8,849 6,697 7,927 6,296
========== ========== ========== ==========


KEY METRICS Three months ended December 31,
-------------------------------
2006 2005
--------------- ---------------
Total billings $5,246 $5,611
Software bookings 3,092 2,507




Contact:
Verticalnet, Inc.
Public Relations:
Scuzscon Walker, 610-695-2301
[e-mail]
or
Investor Relations:
Jonathan T. Cohen, 610-240-0600
[e-mail]

--------------------------------------------------------------------------------
Source: Verticalnet, Inc.


Gruß

Gallator

[vanheim]

was geht da in USA ab ?

[TAINA]

Antwort auf Beitrag Nr.: 28.519.309 von vanheim am 27.03.07 15:11:15

wow

[gerdass]

Antwort auf Beitrag Nr.: 28.643.690 von TAINA am 03.04.07 17:15:03

[LoggerC]

Vert zieht an !

[schintsi]

unter 20 € wird keine einzige Aktie verkauft !!!

[can2]

@schintsi



June 4, 2007 - 9:25 AM EDT

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VERT 0.52 0.00

Today 5d 1m 3m 1y 5y 10y



Verticalnet Inc. Completes Preferred Stock Financing
Verticalnet, Inc. (Nasdaq:VERT), a leading provider of on-demand supply management solutions, today announced completion of a private placement of $2.175 million in preferred stock financing, including $1.575 million in new capital and the conversion of $600,000 of debt financing previously announced on May 22, 2007. Kildare Capital, Inc. acted as exclusive placement agent for the Company.

Several individual and institutional investors invested $2.175 million and the Company agreed to issue to the investors 8,700,000 shares of Series B Preferred Stock. The total transaction resulted in net proceeds to the Company of approximately $1.95 million after deducting the estimated offering costs and fees. The transaction provides that $600,000 of debt loaned to the Company in early May will automatically convert into the Series B Preferred Stock on a dollar-for-dollar basis. The Company intends to use the proceeds of the transaction for working capital, the repayment of its final two payments of senior secured convertible notes, and the partial repayment of the Company’s subordinated discount note.

The Series B Preferred Stock includes an interest rate of 12% per annum, payable in kind, and is subject to redemption at the investor’s discretion after 24 months. The Company has agreed to seek at its annual meeting shareholder approval of a proposal to enable all the Series B Preferred Stock to be convertible into common shares, to allow Series B shareholders to be issued 4,350,000 warrants to be priced at the closing Nasdaq bid price on the day prior to the Closing and 4,350,000 warrants to be priced at $.70. Under the terms of the proposal, investors would be entitled to convert their shares of Series B Preferred Stock into common shares on a one-for-one basis, subject to adjustment based on subsequent financing criteria set forth in the terms of the Series B Preferred Stock. Upon achieving shareholder approval, all accrued interest on the Series B Preferred Stock would be deemed paid and the redemption feature would be eliminated. In the event the shareholders do not approve the proposal to enable all the Series B Preferred Stock to be convertible into common shares, a portion of the Series B Preferred Stock equal to 19.9% of the Company’s outstanding common stock will be convertible into the Company’s common stock, the redemption feature and interest will be retained and the holders of the Series B Preferred Stock will be granted warrants to purchase approximately 27.0 million shares of the Company’s common stock at an exercise price to be set on the day prior to the annual shareholders meeting.

"Verticalnet is pleased to announce the infusion of additional capital from a mix of respected long-term investors as well as members of Verticalnet’s Board of Directors and co-founder," stated Nathanael Lentz, president and CEO of Verticalnet. "With this additional liquidity, the elimination of our senior convertible debt in early July, our continued focus on cost management, and our continued success in the market place, we believe that we are setting in motion the right actions for the next chapter in Verticalnet’s evolution."

Neither the shares of Series B Preferred Stock nor the shares of common stock issuable as a result of any conversion of the Series B Preferred Stock have been registered under the Securities Act of 1933 and may not be subsequently offered or sold by the investors absent registration or an applicable exemption from the registration requirements. Verticalnet has agreed to file a registration statement covering the resale of the shares of common stock issuable upon conversion of the Series B Preferred Stock issued in this transaction and upon exercise of the warrants to be issued in this transaction