STREAMLINE TO CLOSE, VICTIM OF LOSSES, TIGHT CAPITAL

WESTWOOD, Mass. -- Streamline.com will cease operations this week, a victim of the e-commerce cash crunch and continued operating losses.Streamline operates Internet-based grocery and services delivery businesses in Northern New Jersey and in Boston. Despite raising $42 million in an initial public offering last June, financing troubles forced the company earlier this year to abandon expansion plans

WESTWOOD, Mass. -- Streamline.com will cease operations this week, a victim of the e-commerce cash crunch and continued operating losses.

Streamline operates Internet-based grocery and services delivery businesses in Northern New Jersey and in Boston. Despite raising $42 million in an initial public offering last June, financing troubles forced the company earlier this year to abandon expansion plans and sell newly launched operations in two markets.

Streamline last week said

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