Dow Jones Description
K2 Digital, Inc. (the "Company" or "K2") was founded in 1993 as a general
partnership and initially operated a traditional graphic design business. In
August 1994, the Company shifted its principal business to Web site design and
creation. Thereafter, the Company incorporated as a Delaware corporation. After
the Company's initial public offering on July 26, 1996, the Company began to
develop its business as a full-service digital professional services company.
The Company historically provided consulting and development services including
analysis, planning, systems design, creative and implementation. In November
2000, the Company changed its name from K2 Design, Inc. to K2 Digital, Inc. As
discussed below, the Company effectively ceased its operations in August 2001.
The Company's offices are located c/o Thomas G. Amon, 500 Fifth Avenue, Suite
1650, New York, New York 10110 and its telephone number is (212) 810-2430.
DISCONTINUED OPERATIONS
DISPOSITION OF ASSETS
On May 15, 2001, the Company entered into a non-binding letter of intent with
SGI Graphics LLC, a Delaware limited liability company ("SGI") pursuant to which
SGI expressed its interest in purchasing shares of restricted common stock of
the Company that would have represented fifty-one percent (51%) of the issued
and outstanding capital stock of the Company on a fully diluted basis.
