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INTERNET.COM VENTURE FUND II INVESTS IN PATENTCAFE.COM, MARKING 26TH INVESTMENT FOR INTERNET.COM VENTURE CAPITAL FUNDS
(New York, NY-February 11, 2000)-- internet.com Venture Fund II, part of the affiliated venture arm of internet.com Corporation (Nasdaq: INTM), today announced the closing of an investment in PatentCafe.com. The investment is part of internet.com Venture Fund II's expanding portfolio of early-stage investments in Internet content properties. internet.com Venture Fund I and II have invested in 26 Internet properties to date.
PatentCafe.com (http://www.patentcafe.com) provides comprehensive, in-depth information and resources on patents, licensing and intellectual property commercialization. The site includes thousands of resource links screened for appropriate, quality content, free 'inventions for license' listing service, intellectual property forums, live expert chats and the Patent Caf� Magazine, a monthly Web-zine.
"We continue to make vertical content investments in first-mover Web sites and PatentCafe.com clearly meets this criteria with its unique focus on patent information," said internet.com chairman and CEO Alan M. Meckler.
"Alan Meckler is an Internet visionary and an Internet business pioneer with a clearly proven record in the Internet industry, and I could not be more pleased that we have cemented this relationship," said Andy Gibbs, founder of PatentCafe.com.
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 will continue to follow the path of CMGI (Nasdaq: CMGI) and Internet Capital Group (Nasdaq: ICGE) with 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 (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 97 Web sites, 75 e-mail newsletters, 101 online discussion forums and 75 moderated e-mail discussion lists with over 2 million unique visitors that generate more than 90 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 150 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.
For more information contact:
Steve Rubel
Schwartz Public Relations
(212) 677-8700 x23
[email protected]
Nicole Catalano
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).
"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 statementsthat 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.