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INTERNET.COM CORPORATION AND INTERNET.COM VENTURE FUND II ANNOUNCE INVESTMENTS IN SEARCHBUTTON.COM
(New York, NY- March 7, 2000)-- internet.com Venture Fund II, part of the affiliated venture arm of internet.com Corporation (Nasdaq: INTM), today announced an investment in Searchbutton.com (http://www.searchbutton.com), a leader in hosted site search and activity reporting. Other participants in this second round of funding include Asset Management Company, Intel Corporation, Angel Investors L.P. and the Band of Angels Fund, L.P. In addition, internet.com Corporation, the portfolio manager of internet.com Venture Fund I and Fund II, will receive equity ownership in Searchbutton.com in exchange for barter advertising.
Searchbutton.com offers a unique local Web site search and reporting service that helps Web site owners dramatically improve the effectiveness of their sites without costly hardware, software or IT support. It allows any site to easily become search-enabled, offering visitors instant access to the information they want, with higher retention providing greater sales opportunities for site owners.
The investment is part of internet.com Venture Fund II's ongoing effort to further advance early-stage content and e-commerce Internet properties. internet.com Venture Fund I and II have invested in 28 Internet properties to date. internet.com Corporation also announced it has entered into a long-term advertising and e-commerce partnership agreement with Searchbutton.com.
"We continue to make investments in vertical business-to-business Internet companies that have a first-to-market advantage. Searchbutton.com has demonstrated this with its unique search and reporting application that is critical to anyone involved in Web development," said internet.com chairman and CEO Alan M. Meckler. Mr. Meckler has also joined Searchbutton's advisory board.
"The support of internet.com both financially and from a network standpoint is a tremendous asset as Searchbutton.com expands its presence within the Webmaster community," said Nick Halsey, Searchbutton's president and CEO. "Coupled with the addition of Alan to Searchbutton's advisory board, we have a unique opportunity to extend our leadership position and become an invaluable asset to any Web professional."
About Searchbutton.com
Searchbutton.com is the leading Application Service Provider (ASP) for site search and reporting and related site management services, offering a complete range of solutions to meet the needs of personal, small business and corporate Web sites. The company's flagship product, the Searchbutton site search service, incorporates a highly scaleable enterprise-class search engine, advanced reporting and site analysis, the self-service MySearchbutton™ management console, and other features and capabilities. Together they deliver a complete solution that allow Web site visitors to gain instant access to the information they want, and Web site owners to realize the benefits of improved customer interaction, higher retention and greater sales opportunities. A privately held company, Searchbutton.com is located in Mountain View, California and is funded by Asset Management Company, Intel and internet.com Venture Fund II. Strategic partners include Hewlett Packard, SmartAge, Washingtonpost.com, WebTrends, NaviSite, internet.com, and many others. Searchbutton's services and information are available by visiting their Web site at (http://www.searchbutton.com) or by calling toll-free 1-877-813-3463.
About internet.com Venture Funds and internet.com Corporation
internet.com Venture Fund I and Venture Fund II were formed to invest in early-stage online content providers serving targeted markets that follow the strategy of, but are not competitive to, internet.com. internet.com is the portfolio manager of internet.com Venture Fund I and II and is an investor in both funds. internet.com continues to have the added benefit of being a public operating company in the Internet space that also extends value to its stockholders by having a an Internet venture capital arm. For further information about internet.com Venture Capital Funds visit (http://www.internet.comvc.com).
internet.com Corporation (Nasdaq: INTM; http://www.internet.com), based in New York, New York, is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 100 Web sites, 75 e-mail newsletters, 101 online discussion forums and 75 moderated e-mail discussion lists with over 2.2 million unique visitors that generate more than 110 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now over 170 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Canada, China, France, Germany, Israel, Japan, South Africa and the United Kingdom. In addition, internet.com with its related internet.com Venture Fund I and Venture Fund II is an investor in a growing number of business-to-business content sites and related Internet media properties.
Interested advertisers should contact the Ad Sales department at [email protected] or (203) 662-2962. For e-commerce and licensing opportunities, contact David Arganbright, Vice President, Commerce and Licensing, at [email protected] or (203) 662-2858.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding internet.com Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see internet.com's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward looking statements included herein are made as of the date of this press release, and internet.com assumes no obligation to update the forward looking statements after the date hereof.
Steve Rubel
Schwartz Public Relations
(212) 677-8700 x23
[email protected]
Nicole Catalano
internet.com Corporation
(212) 547-7939
[email protected]
internet.com Corporation press releases can be found on the World Wide Web at (http://www.internet.com/corporate/press.html).