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EXHIBIT (a)(1)
[EGREETINGS LETTERHEAD]
March 2, 2001
Dear Stockholder:
As you know, Egreetings Network, Inc. has entered into a merger
agreement with XxxxxxxxXxxxxxxxx.xxx, Inc., pursuant to which a wholly owned
subsidiary of XxxxxxxxXxxxxxxxx.xxx has commenced a tender offer to purchase all
of the outstanding shares of Egreetings' common stock for $0.85 per share in
cash. The tender offer is conditioned upon, among other things, at least a
specified minimum number of Egreetings' shares outstanding being tendered and
not withdrawn and increases in certain liabilities of Egreetings less any
increase in its net tangible assets not exceeding $1 million. If completed, the
tender offer will be followed by a merger in which each share of Egreetings'
common stock not purchased in the tender offer will be converted into the right
to receive $0.85 per share in cash.
On February 12, 2001, Egreetings sent to the stockholders of Egreetings
at that time a Schedule 14D-9, setting forth the Board of Director's
recommendation that stockholders accept the XxxxxxxxXxxxxxxxx.xxx offer, tender
their shares of Egreetings' common stock pursuant to the offer and, if required
under the Delaware General Corporation Law or Egreetings' Certificate of
Incorporation or Bylaws, vote to adopt the merger agreement. In response to
requests for additional information from the Securities and Exchange Commission,
Egreetings has amended its Schedule 14D-9. Please note that the terms of the
tender offer and merger have not changed.
Enclosed is the Amendment to the Schedule 14D-9 containing the
additional information requested by the Securities and Exchange Commission. We
urge you to carefully consider this information.
Xxxxxx X. Xxxxx
Director, Chief Executive Officer and President
