n2N Commerce Auction Extended to May 2, 2008

WELLESLEY HILLS, Mass.--(BUSINESS WIRE)--Joseph F. Finn, Jr., C.P.A., the Assignee for the Benefit of Creditors of n2N Commerce, Incorporated (n2N), today announced that he has extended the date of the auction for n2N Commerce’s technology to May 2, 2008, due to the additional time needed by several large software companies currently conducting due diligence. n2N was a company formed to develop the retail industry’s first cross-channel, on-demand e-commerce software solution specifically designed for larger multi-channel retailers.

To complement the ISV’s due diligence, n2N recently secured two separate estimates (in person hours) for the software development work required to complete the n2N e-commerce platform. Prospective buyers who have signed, or will sign, the NDA will receive this detailed information as part of the bid package.

The sale of n2N’s assets, consisting of ten (10) software packages, is being conducted through an Assignment for the Benefit of Creditors. The bidding for the assets, which may be purchased separately or in combination, is now scheduled for May 2, 2008. Any person interested in purchasing the assets or learning more about the bidding process should contact Mr. Joseph F. Finn, Jr., C.P.A. at (jffinnjr@earthlink.net, phone 781-237-8840), Finn, Warnke & Gayton, 167 Worcester Street, Suite 201, Wellesley Hills, MA 02481-3613.

About n2N Commerce

Founded in 2006, n2N Commerce was a venture between Limited Brands, Inc. and General Catalyst Partners. The company leveraged the extensive market knowledge and detailed requirements of a $10B retailer combined with more than $45M in capital to design and develop the industry’s first cross-channel, on-demand e-commerce software solution specifically designed for larger multichannel retailers. n2N recently assigned its assets to Joseph F. Finn Jr., C.P.A. and is currently in the process of selling its proprietary software packages through an Assignment for the Benefit of Creditors.