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INTERNET.COM VENTURE FUNDS ANNOUNCE INVESTMENTS IN HOWSTUFFWORKS.COM, SMALLBIZREALTY, STOCKCHARTS.COM, WORKZ.COM, ANYWHEREYOUGO.COM AND NETREAD.COM
(New York, NY-June 13, 2000)--internet.com Venture Partners III, part of the affiliated venture capital arm of internet.com Corporation (Nasdaq: INTM), today announced the closing of investments in HowStuffWorks.com, SmallBizRealty, StockCharts.com, workz.com and AnywhereYouGo.com. These new portfolio companies represent internet.com Venture Partners III's initial investments for the $75 million fund that closed June 5, 2000.
internet.com Venture Partners III will strategically follow internet.com Funds I and II, by expanding the portfolio of early-stage investments in Internet properties that demonstrate high growth potential and promote community and commerce through vertically focused content and informational resources. internet.com Venture Fund I and II have invested in 34 Internet properties to date. internet.com Corporation also announced it will provide advertising across the internet.com network properties in exchange for equity interests in SmallBizRealty, StockCharts.com and Workz.com. Additional terms of these investments were not disclosed.
HowStuffWorks.com (http://www.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. Through detailed descriptions and illustrations, the site seeks to simplify difficult subject matter into straightforward, easy-to-understand language. internet.com made a prior investment in HowStuffWorks.com as part of Venture Fund II.
SmallBizRealty, Inc. (http://www.offices2share.com) is a specialty real estate service focused on the unique needs of the small business market and consists of a network of Internet sites through which small businesses can find both traditional and non-traditional commercial real estate solutions.
StockCharts.com (http://www.stockcharts.com) provides financial information to on-line investors using unique, interactive analysis tools. In addition to interactive charting tools based on Sun Microsystems' Java platform, the site features quotes, analysis and commentary. Access to the site and all of the information on it is free.
workz.com (http://www.workz.com) is a leading information resource for small businesses wanting to expand using the Internet. The site's innovative, timely and informative content gives business owners actionable tools to build, manage and promote online. internet.com made a prior investment in worksz.com as part of Venture Fund I.
AnywhereYouGo.com (http://www.anywhereyougo.com) is the online community and marketplace that helps application developers speed the development of wireless applications, helps IT managers speed application deployment and connects wireless infrastructure providers with target influencers and decision makers around the world. With coverage of the U.S. market from Dallas and the European market from London, AnywhereYouGo.com provides wireless development news, developer tools and resources, directories of developers and applications, training, online application testing, and discussion groups on the latest wireless technologies.
Also announced was internet.com Venture Fund II's investment in NetRead.com. NetRead.com (http://www.netread.com) provides web-based catalog management and marketing tools for publishers. NetRead's proprietary data infrastructure streamlines the flow of data among publishers and retail outlets like Amazon and Barnes & Noble. This service, along with other business tools for publishers, has made NetRead the dominant Web portal for professional publishers.
About internet.com Venture Funds and internet.com Corporation:
internet.com Venture 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 these funds and is also an investor in each fund. For further information about internet.com Venture Capital Funds visit (http://www.internet.comvc.com).
internet.com Corporation (http://www.internet.com), the Internet Industry Portal, is based in Darien, CT. It 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 124 Web sites, 171 e-mail newsletters, 117 online discussion forums and 78 moderated e-mail discussion lists with over 2.4 million unique visitors that generate more than 130 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 185 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Belgium, Canada, China, Español, France, Germany, India, Israel, Japan, The Netherlands, South Africa, Taiwan and the United Kingdom.
Interested advertisers should contact Susan Leiterstein, Vice President and Publisher of internet.com, 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. For more information on our Venture Funds, contact Kirk Holland, Vice President, Business Development, at [email protected] or (650) 745-3636.
"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.
For more information contact:
Steve Rubel
Schwartz Public Relations
(212) 677-8700 x23
[email protected]
Mary Ann Boland
internet.com Corporation
(212) 547-7939
[email protected]
All current internet.com Corp. press releases can be found on the World Wide Web at (http://www.internet.com/corporate/press.html)