Massachusetts-based revealed today that "the interests of its employees, customers and creditors would be best served by the company's prompt and orderly cessation of operations," making it the latest in a long line of Internet grocery delivery stores to admit defeat.The pioneering business model of was developed in 1993 with high hopes of investors, who laid out US$10 per share when the operation went 'live' on 18 June last year. By the beginning of 2000 however, accumulated losses reached US$56.4m. In April stock value had fallen to just below US$1, and advisors were appointed in May to review the company's financial options. The company hit major problems when the funding for consumer e-commerce companies simply dried up. The sale of its Chicago and Washington operations to