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INTERNET.COM VENTURE FUND II PORTFOLIO COMPANIES FORM STRATEGIC ALLIANCE TO PROVIDE EDUCATION SERVICES TO ONLINE LEARNERS
(New York, NY-March 13, 2000)-internet.com Venture Fund II portfolio companies, tutor.com (http://www.tutor.com) and HowStuffWorks.com (http://www.howstuffworks.com), today announced a strategic alliance designed to combine tutor.com's unique instruction referral services with HowStuffWorks.com's online learning community. internet.com Venture Fund II is part of the affiliated venture capital arm of internet.com Corporation (Nasdaq: INTM).The revenue sharing agreement, implemented by a combination of co-branded pages and shared links, enables HowStuffWorks.com users to instantly find an instructor in any subject area by using tutor.com's Tutor-Application and fastMatch™ transaction systems. fastMatch™ permits students to find immediate assistance online through real-time communication with a tutor via tutor.com's distance learning service. In conjunction, HowStuffWorks.com will refer qualified tutors to tutor.com's National Registry of Instructors.
"This is another great example of how the internet.com Venture Funds have created an environment that enables our Venture Fund portfolio companies to combine strengths and increase traffic and generate additional revenue," said internet.com Chairman and CEO Alan M. Meckler. "The educational services offered by tutor.com are ideal for the users that frequent HowStuffWorks.com"
internet.com Venture Fund I and II have invested in 27 Internet properties to date. Both funds 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 hold the added benefit of being a public operating company in the Internet space that also extends value to its stockholders by having an Internet venture capital arm. For further information about internet.com Venture Capital Funds visit (http://www.internet.comvc.com).
About HowStuffWorks.com
HowStuffWorks.com is an educational resource featuring original articles and editorial on a wide range of complicated everyday topics from the Internet and engines to household items and the human body. The site generates over 5 million monthly page views.
About tutor.com
tutor.com is a leading online learning community, matching students anywhere for off- and online instruction with experienced and trusted tutors. Online tutoring occurs in tutor.com's fastMatch virtual classroom, a user-friendly technology that allows learners to find, select, and connect with tutors immediately on the Web site. Tutor.com allows learners to easily search an extensive database of registered tutors in 350 academic and non-academic subjects, free of charge. Students select tutors by multiple criteria including subject and hourly fee as well as teaching philosophy, academic and teaching qualifications and access to reviews from previous students. Tutor.com is supported by a strategic marketing relationship with The Princeton Review.
About internet.com Corporation
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).