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INTERNET.COM ACQUIRES LEADING ONLINE MARKETING RESOURCE, CHANNELSEVEN.COM
(New York, NY-March 30, 2000)-- internet.com (Nasdaq: INTM), the Internet Industry Portal, today announced that it has acquired the ChannelSeven.com (http://www.channelseven.com) Web site and related Internet marketing properties from Xceed Inc.(Nasdaq: XCED). Terms of the acquisition were not disclosed.
ChannelSeven.com provides original news, research, case studies, and commentary as well as insight into the top interactive firms worldwide and features popular industry sites including Ch7NewsBeat, Ch7AdInsight, Ch7Spotlight, TurboAds.com, Ad-Gallery.com, and Ad-Tech.com. ChannelSeven.com attracts over 100,000 Internet marketing executives per month--43% of its users are agency professionals and 31% are brand marketers. ChannelSeven.com's advertisers include many of the Internet's most successful brands including Intel (Nasdaq: INTC), Excite@Home (Nasdaq: ATHM), Narrative Communications, Microsoft (Nasdaq: MSFT), TalkCity (Nasdaq: TCTY), Netscape and others.
"Xceed has enabled ChannelSeven.com to build a solid reputation throughout the industry and the world as a leading resource for news and analysis about the online marketing industry. ChannelSeven.com is an ideal fit with internet.com's other Internet marketing resources, including the Internet Advertising Report and AdResource.com. We now cover every angle within the e-marketing category," said Alan M. Meckler, chairman and CEO of internet.com. "Furthermore, ChannelSeven.com adds a critical audience to the internet.com network and we are now positioned to extend the marketing objectives of our advertisers and e-commerce partners even further."
Comments Werner Haase, Xceed's chief executive officer, "Xceed's ability to successfully conceive of and grow ChannelSeven.com as its own Internet venture reflects the company's expertise in building Web businesses from the inside out. It is also a reflection of our company's continued commitment to maintaining its leadership position and focusing on its core service offerings."
"The acquisition, combined with internet.com's existing e-marketing resources, solidifies its position as a leading provider of content and information serving the online advertising and marketing industries," says Mara Lipacis, senior vice president, Xceed's research and analysis division, Xceed Intelligence (Xi).
The media properties will be integrated into internet.com's Ecommerce/ Marketing Channel which is also home to other prominent Web sites including: Internet Advertising Report (http://www.internetnews.com/IAR/), AdResource.com (http://www.adresource.com), Cyberatlas (http://www.cyberatlas.com), Refer-it (http://www.refer-it.com), AllNetResearch (http://www.allnetresearch.com) Ecommerce-Guide (http://www.ecommerce-guide.com), Search Engine Watch (http://www.searchenginewatch.com) and DomainNotes.com (http://www.domainnotes.com).
About Xceed, Inc.
Xceed (http://www.xceed.com) helps companies develop e-commerce and e-business solutions, improving people and business performance through communication tools, techniques, and technologies. With more than 600 professionals, Xceed is headquartered in New York City with offices in San Francisco, Los Angeles, Phoenix, Salt Lake City, Chicago, Atlanta, Dallas, Denver, London, Amsterdam and Riyadh.
About internet.com
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 103 Web sites, 124 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 120 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 180 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Canada, China, France, Germany, India, 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.
"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]
Nicole Catalano
(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)