VIANT REPORTS LOSS FOR QUARTER

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(Aug. 8, 2001) -- I-shop Viant became the latest company in the category to announce disappointing results for the third quarter.

The Boston-based company posted a net loss of $9.9 million, or 20 cents per basic share, for the quarter, compared with net income of $6.3 million or 13 cents per basic share, for the second quarter of 2000.

The company reported second-quarter revenue of $9.5 million, a dramatic drop from the $38.5 million in revenue it reported for the same quarter a year ago. Revenue was also down as compared with the first quarter, when the company had revenue of $14.3 million. -- Catharine P. Taylor

Copyright August 2001, Crain Communications Inc.

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