clickNsettle.com Announces Board Approval to Purchase Up to 800,000 Shares Of Its Common Stock and to Buy Back All of Its Preferred Stock at Par

Apr 05, 2001, 01:00 ET from clickNsettle.com, Inc.

    GREAT NECK, N.Y., April 5 /PRNewswire/ --
 clickNsettle.com, Inc. (Nasdaq:  CLIK) announced that its Board of Directors
 has approved the extension and increased the number of shares of its March
 1998 Purchase Plan, pursuant to which the number of shares of Common Stock of
 the Company eligible for buyback was increased from 600,000 to an aggregate of
 800,000 shares.  The Company has just begun purchasing shares of its Common
 Stock in the open market under the Purchase Plan.  Under the Plan, purchases
 may continue at any time and may be discontinued at any time during the term
 of the Purchase Plan without purchasing all of the shares and without notice.
 The source of funds for the purchase of the shares will be from the Company's
 general corporate funds, and any shares purchased will be held in treasury.
     Additionally, pursuant to board approval, the Company bought back of all
 of its Series A Exchangeable Preferred stock at par value on April 4, 2001.
 The 4% dividend on the preferred shares was terminated retroactively.
     clickNsettle.com, Inc.'s President and CEO Roy Israel said, "The common
 stock purchase program gives the Company the flexibility to purchase a portion
 of its shares at opportune times when the Company believes such purchases are
 the best use of the corporate funds.  Present market conditions clearly
 indicate that the buyback of preferred stock and an increase in the number of
 shares our Company can purchase in the open market makes sense."
 
     About clickNsettle.com
     Headquartered in Great Neck, New York, clickNsettle.com, Inc. is a
 full-service, international dispute resolution services provider that enables
 users to resolve disputes anywhere in the world more quickly and efficiently
 than ever before possible.  clickNsettle.com features an unrivaled,
 comprehensive suite of dispute resolution tools -- from the most
 technologically advanced online settlement program to in-person arbitrations
 and mediations with over 1,500 highly qualified hearing officers in the United
 States and abroad -- offering effective applications for the resolution of
 both e-commerce disputes and traditional litigation.  All of these services
 can be accessed electronically, on a global basis, 24-hours-a-day at
 http://www.clicknsettle.com.
 
 

SOURCE clickNsettle.com, Inc.
    GREAT NECK, N.Y., April 5 /PRNewswire/ --
 clickNsettle.com, Inc. (Nasdaq:  CLIK) announced that its Board of Directors
 has approved the extension and increased the number of shares of its March
 1998 Purchase Plan, pursuant to which the number of shares of Common Stock of
 the Company eligible for buyback was increased from 600,000 to an aggregate of
 800,000 shares.  The Company has just begun purchasing shares of its Common
 Stock in the open market under the Purchase Plan.  Under the Plan, purchases
 may continue at any time and may be discontinued at any time during the term
 of the Purchase Plan without purchasing all of the shares and without notice.
 The source of funds for the purchase of the shares will be from the Company's
 general corporate funds, and any shares purchased will be held in treasury.
     Additionally, pursuant to board approval, the Company bought back of all
 of its Series A Exchangeable Preferred stock at par value on April 4, 2001.
 The 4% dividend on the preferred shares was terminated retroactively.
     clickNsettle.com, Inc.'s President and CEO Roy Israel said, "The common
 stock purchase program gives the Company the flexibility to purchase a portion
 of its shares at opportune times when the Company believes such purchases are
 the best use of the corporate funds.  Present market conditions clearly
 indicate that the buyback of preferred stock and an increase in the number of
 shares our Company can purchase in the open market makes sense."
 
     About clickNsettle.com
     Headquartered in Great Neck, New York, clickNsettle.com, Inc. is a
 full-service, international dispute resolution services provider that enables
 users to resolve disputes anywhere in the world more quickly and efficiently
 than ever before possible.  clickNsettle.com features an unrivaled,
 comprehensive suite of dispute resolution tools -- from the most
 technologically advanced online settlement program to in-person arbitrations
 and mediations with over 1,500 highly qualified hearing officers in the United
 States and abroad -- offering effective applications for the resolution of
 both e-commerce disputes and traditional litigation.  All of these services
 can be accessed electronically, on a global basis, 24-hours-a-day at
 http://www.clicknsettle.com.
 
 SOURCE  clickNsettle.com, Inc.