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 internet.com Corporation
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