Article: iParty Corp. Announces Preferred Stock and Warrant Corrections.

Business Editors

WEST ROXBURY, Mass.--(BUSINESS WIRE)--Oct. 31, 2002

iParty Corp. (AMEX: IPT), the nation's premier multi-channel retailer for party goods with 35 iParty retail stores and iParty.com, today reported that it has determined that the Company incorrectly applied the anti-dilution provisions of its Series B, C and D Convertible Preferred Stock (the "Affected Preferred Stock") in conjunction with dilutive financings in August and September 2000. The Company has determined that it inadvertently issued additional shares of Affected Preferred Stock, instead of adjusting the Affected Preferred Stock's conversion ratios. The Company also ...

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