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.
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