Filed by Scient Corporation
Pursuant to Rule 425 under the Securities Act of 1933 and
deemed filed pursuant to Rule 14a-12 under the
Securities Exchange Act of 1934
Subject Company: iXL Enterprises, Inc.
Commission File No. 000-26167
Date: October 15, 2001
The following press release was issued by Scient Corporation.
INVESTOR RELATIONS: MEDIA RELATIONS:
Theresa A. Matacia, C.F.A. Katie McManus
415.602.6833 917.534.8102
tmatacia@scient.com kmcmanus@scient.com
SCIENT ANNOUNCES DATE FOR SPECIAL SHAREHOLDERS MEETING
TO VOTE ON ITS PENDING MERGER WITH IXL ENTERPRISES
NEW YORK, NEW YORK, October 15, 2001 -- Scient Corporation (NASDAQ: SCNT)
announced today that the special shareholders meeting to vote on its proposed
business combination with iXL Enterprises Inc. (NASDAQ: IIXL) will be held at
3:00 p.m. on Tuesday, November 6, 2001. Shareholders of record at the close of
business on Wednesday, October 10, 2001 will be entitled to vote. The Scient
special shareholders meeting will be held at the following location:
Offices of Davis Polk & Wardwell
450 Lexington Avenue
8th Floor
New York, NY 10017
A joint proxy statement-prospectus for the proposed business combination has
been declared effective by the Securities and Exchange Commission and is
scheduled to be mailed to shareholders today.
It is expected that the business combination will be consummated promptly after
receipt of shareholder approval.
In addition, following NASDAQ's suspension of certain listing requirements, the
Boards of Directors of Scient and iXL have agreed to amend their Merger
Agreement to eliminate the "reverse stock split" element included in their
previously agreed exchange ratio. As a result of the change, which will not
affect the relative ownership interests of Scient or iXL shareholders in the
combined company or otherwise affect the economics of the transaction, Scient
shareholders will receive 1.24 shares of the common stock of the holding
company to be
created in the merger for each share of Scient common stock they hold and iXL
shareholders will receive 1.00 shares of holding company common stock for each
share of iXL common stock they hold.
ADDITIONAL INFORMATION
In connection with these transactions, India-Sierra Holdings, Inc., together
with Scient Corporation and iXL Enterprises, filed a registration statement on
Form S-4 which was declared effective on October 11, 2001, a definitive joint
proxy statement/prospectus and other relevant documents with the Securities and
Exchange Commission (the "SEC"). Investors are urged to read the definitive
joint proxy statement/prospectus carefully and in its entirety and any other
relevant documents filed with the SEC because they contain important
information. You can obtain the documents free of charge at the website
maintained by the SEC at www.sec.gov. You can obtain documents filed with the
SEC by Scient Corporation free of charge by requesting them in writing from
Scient Corporation, 860 Broadway, New York, NY 10003, Attention: Michael Hand,
or by telephone at 917-534-8200. In addition, you can obtain documents filed
with the SEC by iXL Enterprises free of charge by requesting them in writing
from iXL Enterprises, 1600 Peachtree St., NW, Atlanta, GA 30309, Attention:
Jill A. Gilmer, or by telephone at 404-279-1000.
Scient Corporation and iXL Enterprises, and their respective directors and
executive officers, may be deemed to be participants in the solicitation of
proxies from the stockholders of Scient Corporation and iXL Enterprises in
connection with the mergers. Information about the directors and executive
officers of Scient Corporation and their ownership of Scient stock is set forth
in the proxy statement for Scient Corporation's 2001 annual meeting of
stockholders. Information about the directors and executive officers of iXL
Enterprises and their ownership of iXL Enterprises stock is set forth in the
proxy statement for iXL Enterprises' 2000 annual meeting of stockholders.
Investors may obtain additional information regarding the interests of such
participants by reading the joint proxy statement/prospectus when it becomes
available.
Investors are urged to read the definitive joint proxy statement/prospectus
carefully and in its entirety before making any voting or investment decisions.
About Scient(R): Scient delivers real results for clients, using extensive
eBusiness experience to reduce cost and create new revenue opportunities, based
on:
eBusiness Focus: From the start, Scient's only business has been
eBusiness, allowing Scient to gain unequaled know-how, from strategy
development through implementation;
Industry Expertise: Scient's extensive industry-specific experience in
identifying and delivering eBusiness initiatives with high impact; and
Proven Approach: Scient's dynamic integration of strategy, customer
experience and technology that drives powerful and differentiated results,
faster.
Since 1998, Scient has completed projects for 165 clients, from Global 2000
businesses to start-ups. Headquartered in New York, Scient has offices in
London and in key regions throughout the United States. For more information,
please go to www.scient.com or call 917-534-8200.
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