Filed by Obsidian Enterprises, Inc.
                                         Pursuant to Rule 425
                                         under the Securities Act of 1933

                                         Subject Company:  Net Perceptions, Inc.
                                         Commission File No. 000-25781

                                         Date:  December 17, 2003



FOR IMMEDIATE RELEASE
DECEMBER 17, 2003

OBSIDIAN ENTERPRISES  COMMENCES OFFER FOR NET PERCEPTIONS

Obsidian Makes Offer Directly to Net  Perceptions'  Shareholders and Offers Them
the Opportunity to Receive Two Shares of Obsidian Common Stock for Each Share of
Net Perceptions

INDIANAPOLIS,  December 17, 2003 -- Obsidian Enterprises,  Inc. (OTCBB: OBSD), a
holding  company  headquartered  in  Indianapolis  announced  today  that it has
formally  commenced an offer that will provide  shareholders of Net Perceptions,
Inc.  (Nasdaq:  NETP) the  opportunity to receive two shares of Obsidian  common
stock for each share of Net  Perceptions  common  stock.  Obsidian  filed an S-4
Registration  Statement  and  Tender  Offer  Schedule  with the  Securities  and
Exchange  Commission  on December  15, 2003 and an amendment to each on December
17, 2003.

The offer is scheduled to expire at 5:00 PM, New York City time, on February 20,
2004, unless the offer is extended.  The offer is subject to certain conditions,
including that:

     o    Net Perceptions take appropriate  action to cause their poison pill to
          not be applicable to the offer;

     o    we are satisfied that Section 203 of the Delaware General  Corporation
          Law will not be applicable to the contemplated second-step merger; and

     o    stockholders  tender at least 51% of the outstanding  shares of common
          stock of Net Perceptions.

The Exchange Agent for the exchange offer is StockTrans, Inc., 44 West Lancaster
Avenue,  Ardmore,  Pennsylvania  19003.  The Information  Agent for the exchange
offer is Innisfree M&A Incorporated,  501 Madison Avenue,  20th Floor, New York,
New York 10022.


Obsidian  is a  holding  company  headquartered  in  Indianapolis,  Indiana.  It
conducts  business  through its  subsidiaries:  Pyramid  Coach,  Inc., a leading
provider of corporate and celebrity  entertainer coach leases;  United Trailers,
Inc., and its division, Southwest Trailers, manufacturers of steel-framed cargo,
racing ATV and specialty trailers; U.S. Rubber Reclaiming,  Inc., a butyl-rubber
reclaiming operation; and Danzer Industries, Inc., a manufacturer of service and
utility truck bodies and steel-framed cargo trailers.

This press release is provided for informational purposes only and is neither an
offer  to  purchase  nor a  solicitation  of an  offer  to  sell  shares  of Net
Perceptions,  Inc. or Obsidian Enterprises,  Inc. Obsidian Enterprises has filed
with the  Securities  and  Exchange  Commission  a  registration  statement  and
exchange offer documents with respect to the proposed transaction. Investors and
security  holders  are  advised to read those  documents  because  they  include
important information.  Investors and security holders may obtain a free copy of
any documents filed by Obsidian Enterprises with the SEC at the SEC's website at
www.sec.gov.  The exchange offer, registration statement and the other documents
may also be obtained  free of charge by directing a request by mail to Innisfree
M&A Incorporated,  501 Madison Avenue,  20th Floor, New York, New York 10022, or
by calling  toll-free  (888)  750-5834,  and may also be obtained  from Obsidian
Enterprises,  Inc. by directing a request by mail to Obsidian Enterprises,  Inc.
111 Monument  Circle,  Suite 4800,  Indianapolis,  Indiana 46024,  Attn: Rick D.
Snow.


This press release contains "forward-looking  statements." These forward-looking
statements are based on currently available competitive,  financial and economic
data and  management's  views and  assumptions  regarding  future  events.  Such
forward-looking statements are inherently uncertain. Obsidian Enterprises cannot
provide  assurances that the exchange offer described in this press release will
be successfully  completed or that we will realize the  anticipated  benefits of
any transaction.  Actual results may differ materially from those projected as a
result of certain risks and uncertainties,  including but not limited to: global
economic and market conditions; the availability of liquidity under our existing
lines of  credit;  successful  integration  of  acquired  or merged  businesses;
changes in interest  rates;  our ability to retain key management and employees;
our ability to meet demand at  competitive  prices in our coach leasing  segment
and our trailer and related transportation  equipment manufacturing segment; our
ability to  successfully  develop  alternative  sources of raw  materials in our
butyl rubber reclaiming segment;  relationships with significant  customers;  as
well as other  risks  and  uncertainties,  including  but not  limited  to those
detailed  from time to time in Obsidian  Enterprises's  Securities  and Exchange
Commission filings.

Source: Obsidian Enterprises, Inc.


For More Information Contact:
Timothy S. Durham
Chairman & C.E.O.
Obsidian Enterprises, Inc.
tsdurham@msn.com
317-237-4055