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INTERNET.COM VENTURE FUND II ANNOUNCES INVESTMENTS IN BUYERTOUCH.COM, CAREGIVER.COM, IMPROVENOW.COM, PURCHASENET.COM AND XIANZAI.COM
(New York, NY--April 11, 2000)--internet.com Venture Fund II, part of the affiliated venture capital arm of internet.com Corporation (Nasdaq: INTM), today announced the closing of investments in BuyerTouch.com, Caregiver.com, ImproveNow.com, Purchasenet.com (formerly Cynaptec) and Xianzai.com. The investments are part of internet.com Venture Fund II's expanding portfolio of early-stage investments in Internet properties that demonstrate high growth potential and promote community and commerce through vertically focused content and informational resources. internet.com Venture Fund I and II have invested in 33 Internet properties to date. internet.com Corporation also announced it will provide advertising across the internet.com network properties in exchange for an equity stake in BuyerTouch.com. Additional terms of these investments were not disclosed.
BuyerTouch.com (http://www.buyertouch.com) delivers a new generation of market intelligence and customer experience evaluations. BuyerTouch applies a revolutionary interpretation of the "mystery shopper" foundation, used in retail industries for decades, and improves it with thousands of Internet users of all experience levels. The BuyerTouch method provides an in-depth and comprehensive analysis of experience, usage and response for e-commerce sites.
Caregiver.com (http://www.caregiver.com) seeks to become the single information resource for professional (and family) caregivers and is part of Caregiver Media Group, Inc., which operates the offline bimonthly magazine called "Today's Caregiver Magazine" that is targeted to caregiving.
ImproveNow.com (http://www.improvenow.com) seeks to become the premier online provider of assessments and resources for affecting rapid improvement in the job environment.
PurchaseNet.com (formerly Cynaptec.com;)(http://www.purchasenet.com) is an online exchange for university and college purchasing professionals and their suppliers. PurchaseNet.com aims to streamline and improve the communications between these parties by providing a "one-stop" e-commerce solution to suppliers.
Xianzai.com (http://www.xianzai.com) provides news, sports, business, entertainment and technology content and information for China's growing online audience in the Hong Kong, Shanghai and Beijing regions. Content is delivered as text and HTML e-mail newsletters.
About internet.com Venture Funds and internet.com Corporation
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 continues to have 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 (http://www.internet.com)
internet.com Corporation (Nasdaq: INTM) 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 106 Web sites, 136 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
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)