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 internet.com Venture Funds and 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.
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