Obsidian Enterprises Delivers Improved Revised Proposal To Net Perceptions; Obsidian's Proposal Would Provide Net Perceptions Shareholders Opportunity to Elect to Receive Either $0.40 per Share in Cash or Two Shares of Obsidian Common Stock. PR Newswire | December 8, 2003 | COPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Obsidian Enterprises, Inc. (BULLETIN BOARD: OBSD) , a holding company headquartered in Indianapolis announced today that it has delivered a letter to the Board of Directors of Net Perceptions, Inc. proposing a revised strategic transaction with Net Perceptions. The text of the letter follows:

As a follow up to our recent oral and written communications, this is to again confirm that Obsidian Enterprises, Inc. ("Obsidian") is prepared to enter into a merger agreement with Net Perceptions, Inc. ("NETP" or the "Company"), pursuant to which NETP shareholders will have ...

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