UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 14A
(Rule 14a-101)
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
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|_| Preliminary Proxy Statement
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14a-6(e)(2))
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|X| Definitive Additional Materials
|_| Soliciting Material under Rule 14a-12
iParty Corp.
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(Name of Registrant as Specified In Its Charter)
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[iParty Corp Letterhead]
May 13, 2008
Dear [Series B Stockholder]:
You recently received a mailing containing iParty Corp.'s 2007 Annual
Report, Proxy Statement and Notice of our 2008 Annual Meeting of Stockholders,
to be held on Wednesday, June 4, 2008, at 11:00 am at Posternak Blankstein &
Lund LLP, Prudential Tower, 800 Boylston Street, 33rd Floor, Boston MA 02199.
If you need an additional copy of these materials, please contact me at
781-355-3770, your broker, or Continental Stock Transfer & Trust Co., our
transfer agent, at 212-509-4000. You may also find copies of our 2007 Annual
Report and Proxy Statement on our web site at www.iparty.com under "Investor
Relations" and the SEC's web site at www.sec.gov.
The Board of Directors and management of iParty want to urge you to sign
and return the proxy card enclosed with the documents listed above, and to vote
FOR each of the three proposals that will be voted on at the annual meeting.
In addition to the customary election of directors and ratification of
auditors, we want to call particular attention as a holder of Series B
convertible preferred stock ("Series B Preferred Stock") to the proposal to
amend the Certificate of Designations of the Series B Preferred Stock to change
the requisite voting number of shares or holders necessary to amend or waive
certain provisions contained therein.
Your vote is very important regardless of the number of shares that you own
and we urge you to sign, date and return your proxy card as indicated. The Board
of Directors has recommended that you vote FOR the proposal to amend the
Certificate of Designations of the Series B Preferred Stock, which is proposal 2
on the proxy card and in the Proxy Statement. We believe that the amendments to
the Certificate of Designations of the Series B Preferred Stock will benefit the
Company by:
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1. Making it easier to determine whether a particular class vote is
achievable prior to undertaking the expensive and time consuming
process of a proxy solicitation to approve a particular corporate
transaction;
2. Making the voting provisions more consistent and understandable for
our stockholders;
3. Bringing the voting provisions closer to traditional concepts of
majority voting; and
4. Allocating the voting power according to the holder's relative
economic stake in the Company rather than the arbitrary number of
owners.
If you have any questions about this proposal or either of the other two
proposals, please call me at 781-355-3770, or Sal Perisano at 781-355-3736. Sal
and I will also be reaching out by telephone in the upcoming weeks to answer any
questions you may have on the proposals. Thank you.
Best regards,
David Robertson
Chief Financial Officer & Secretary
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