NexPrise Inc (NXPS)

[wyokid]

Pursuant to the approved bidding procedures, potential bidders interested in participating in an auction-style process for NexPrise’s assets, including its WebSpace and InfoPrise assets, are required to submit bids by March 30, 2011 at 5:00 p.m. prevailing Pacific Time. Bidders who submit qualified bids by this deadline will be allowed to participate in an auction-style solicitation conference on April 4, 2011 to determine the winning bidder. NexPrise will then seek Bankruptcy Court approval under section 363 of the Bankruptcy to sell the assets to the winning bidder at a hearing on April 7, 2011.