INTERNET.COM ANNOUNCES BEIJING EXPANSION AND APPOINTS FORMER DOW JONES EXECUTIVE TO LEAD OPERATION
(New York, NY-February 16, 2000)--internet.com (Nasdaq: INTM), the E-Business and Internet Technology Network, today announced it has hired former Dow Jones & Company Business Development Manager Liu Zhaochen to lead its venture capital and Web site operations in mainland China. In conjunction with the new appointment, internet.com announced its plans to open a new Beijing office to facilitate its growing Internet presence in the area.
"We are pleased to have Liu Zhaochen join us to oversee our ongoing expansion in this region. Our presence in Beijing allows us to rapidly grow and develop our mainland China Web site-china.internet.com-as well as capitalize on venture capital opportunities related to our present and future Venture Funds," said internet.com chairman and CEO Alan M. Meckler.
china.internet.com, in the Chinese language, was created in August of 1999 as a joint venture with Netease.com. internet.com has 11 other international editions including asia.internet.com and japan.internet.com, and will launch taiwan.internet.com and korea.internet.com in March.
internet.com Corporation (Nasdaq: INTM; http://www.internet.com) based in New York, NY, 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, 74 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.
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"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.