|P R E S S R E L E A S E S
INTERNET.COM VENTURE PARTNERS III PORTFOLIO COMPANY, BACKWIRE.COM, ACQUIRED BY LEAP WIRELESS (NASDAQ: LWIN)
(New York, NY- June 5, 2001)-- internet.com Venture Partners III, part of the affiliated venture capital arm of INT Media Group, Incorporated (Nasdaq: INTM), today announced that one of its portfolio companies, Backwire.com (www.backwire.com), was acquired by Leap Wireless International, Inc. (Nasdaq: LWIN), an innovator of wireless communications services, for an undisclosed amount of Leap Wireless common stock.
Other internet.com Venture Partners III recent activity included participating in second round funding for Alistia Inc. and PureCarbon, Inc. INT Media Group also made an equity investment in Alistia in exchange for barter advertising. Additional terms were not disclosed.
internet.com Venture Partners III strategically follows internet.com Venture Funds I and II by expanding the 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 Funds I and II and Venture Partners III have invested in over 40 Internet properties to date. For further information about internet.com Venture Capital Funds visit (venturefunds.internet.com).
Backwire.com (www.backwire.com), a leading e-marketing company, has developed a proprietary customization technology to deliver one-to-one content, commerce and advertising via electronic messaging. Backwire.com publishes free, personalized e-mails that help Internet users find and navigate the wealth of quality content on the Web. Backwire.com's e-mail publications cover over 30 categories such as Internet and Technology, Personal Finance, Small Business, Personal Computing, Business and Investing and Career, to name a few. Backwire.com allows users to preview content at dozens of the top sites within a category and then use their browser to surf the material that catches their interest.
About Alistia Inc.
Alistia Inc. (www.alistia.com) provides technology and services that enable rapid data access, integration and usage. Alistia provides a faster, more efficient way to acquire, analyze and utilize marketing information enabling marketers to create a more complete understanding of customer and prospect characteristics and behaviors. Marketing professionals can now help their clients extend CRM initiatives to entire markets and accelerate the process of building more profitable relationships through better targeting and market intelligence. Alistia was named one of the top 50 companies to watch in 2000 and 2001 by LocalBusiness.com, and was among 85 companies selected by Jesse Berst to present at Upside Events' Showcase 2001 as well being selected as one of VENTUREONE Corporation's 2001 Best of Breed in Venture Capital.
About PureCarbon, Inc.
PureCarbon, Inc. (www.purecarbon.com) is an application service provider (ASP) that delivers technology to fundamentally improve the way companies attract, hire and retain top talent. Its first product, JobPlanet, transforms the employment section of corporate Web sites into powerful, interactive recruiting tools for finding and matching employees to jobs. JobPlanet is recognized as a "Top Ten Human Resource Product" of 2000 by Human Resource Executive magazine.
About INT Media Group
INT Media Group (Nasdaq: INTM), headquartered in Darien, CT, is a leading provider of global real-time news, information and media resources for Internet industry and information technology professionals, Web developers and experienced Internet users. INT Media Group includes the internet.com and EarthWeb Network of 160 Web sites and nearly 300 e-mail newsletters that generate over 275 million page views monthly. INT Media Group�s events include over 40 offline internet.com and Intermedia Group seminars on Internet and IT-specific topics that are aligned with our Network of Web sites and e-mail newsletters. In addition, INT Media Group recently launched its CyberAtlas Research Division that publishes research reports analyzing the Internet and information technologies sectors worldwide.
Interested advertisers should contact the Ad Sales department at [email protected] or (203) 662-2962.
For Venture Capital information, contact Kirk Holland, Vice President, Business Development, [email protected] or (650) 745-3636.
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 which are not historical facts are "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example, the competitive environment in which internet.com competes; the unpredictability of INT Media Group's future revenues (including those resulting from online advertising on INT Media Group's Network of Web sites and related Internet media properties), expenses, cash flows and stock price; INT Media Group's investments in international and venture fund investments; any material change in INT Media Group's intellectual property rights and continued growth and acceptance of the Internet. For a more detailed discussion of such risks and uncertainties, refer to INT Media Group'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 INT Media Group assumes no obligation to update the forward-looking statements after the date hereof.
For more information contact:
Mary Ann Boland
Marketing and Public Relations Associate
All current INT Media Group, Inc. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.
INT Media Group, Inc., 23 Old Kings Highway South, Darien, CT 06820; (203)662-2800; fax:
(203) 655-4686; [email protected]