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.

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