"The Board of Directors believes that SportsLine's recent share price is not reflective of the Company's true value, relative to our operating performance and others in our peer group," said Michael Levy, chairman and CEO of SportsLine.com, Inc. "We believe that Perseus Group will provide valuable assistance in evaluating strategic alternatives in a variety of areas, including our future Viacom commitments."
About SportsLine.com, Inc.
SportsLine.com (Nasdaq:SPLN) is at the leading edge of media companies providing Internet sports content, community and e-commerce. As the publisher of CBS SportsLine.com and the official Web sites of the NFL, PGA TOUR and NCAA Sports, the Company serves as one of the most comprehensive sports information sources available, containing an unmatched breadth and depth of multimedia sports news, information, entertainment and merchandise.
About Perseus Group
Perseus Group provides a full range of investment banking services to companies across a broad range of industries including Technology, Healthcare, Consumer, Media and Communications, and Business, Information and Financial Services. The management team consists of senior bankers formerly associated with many of Wall Street's leading investment banks. All investment banking and securities services are performed by Perseus Advisors LLC, a subsidiary of Perseus Group and an NASD member firm. For more information, please go to www.perseusgroup.com.
Note: This press release contains forward-looking statements, which involve risks and uncertainties. SportsLine.com's actual results could differ materially from those anticipated in these forward-looking statements. Factors that might cause or contribute to such differences include, among others, competitive pressures, dependence on advertising revenues, which are difficult to forecast, the growth rate of the Internet, constantly changing technology and market acceptance of the company's products and services. In addition to these risks, the Company's business and results of operations may be materially adversely affected by the outcome of the pending class action securities litigation. Investors are also directed to consider the other risks and uncertainties discussed in SportsLine.com's Securities and Exchange Commission filings, including those discussed under the caption "Risk Factors That May Affect Future Results" in SportsLine.com's latest Annual Report on Form 10-K. SportsLine.com undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
| For further information, contact: SportsLine.com Inc. — Corporate Communications — (954) 489-4000
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