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n2N Commerce Completes Estimate for the Number of Development Hours Required to Complete Its E-Commerce Platform

n2N Commerce Completes Estimate for the Number of Development Hours Required to Complete Its E-Commerce Platform

Joseph F. Finn, Jr., C.P.A., the Assignee for the Benefit of Creditors of n2N Commerce, Incorporated (n2N), today announced that he has secured two separate estimates (in person hours) for the software development work required to complete the n2N e-commerce platform. 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.

The first estimate was developed by the n2N Commerce internal development team that assessed the applications in their current state and created a detailed estimate for the necessary software development required to complete all ten (10) applications that make up the n2N platform. That estimate was confirmed by a third party offshore software development company, Trigent Software.

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 scheduled for April 11, 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 ([email protected], 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.

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