INTERNET.COM VENTURE FUND I INVESTMENTS RECOGNIZED; TUTOR.COM AND MDLINX.COM SELECTED BY RED HERRING MAGAZINE AMONG MOST PROMISING TECHNOLOGY START-UPS ON EAST COAST(WESTPORT, CT - September 8, 1999) - Tutor.com and MDLinx.com, both investments of internet.com Venture Fund I LLC, have been named as "one of the 50 most promising startups on the East Coast" by leading technology business magazine Red Herring. Both startups have been selected as presenting companies for Red Herring's Venture Market East Conference to be held on September 28 & 29 in Cambridge, Massachusetts.
"We are pleased that both investments have been acknowledged by one of the industry's most influential technology business publications," said internet.com chairman and CEO Alan M. Meckler. "Tutor.com and MDLinx.com are excellent examples of the type of business models we believe have the first-mover vision and focus necessary to become leaders in their respective Internet spaces. In addition, we are following in the path of CMGI (Nasdaq: CMGI) and Internet Capital Group (Nasdaq: ICGE) of being a public operating company in the Internet space that also extends value to its stockholders by having a successful Internet venture capital arm."
MDLinx.com is a network of Web sites tailored to specific medical practice areas, with two sites currently available --http://www.mdlinx.com and http://www.heartlinx.com. Tutor.com aims to become a leading vertical portal for tutoring and instruction services, connecting parents and students with qualified instructors. Other internet.com Venture Fund I LLC investments include CreativePlanet.com, NetEquipment.com and MLX.com.
internet.com Venture Fund I was formed to invest in early-stage online content providers serving targeted business-to-business markets that follow the strategy of, but are not competitive to, internet.com. internet.com is one of the fund's investors and is the portfolio manager.
internet.com Corporation (Nasdaq: INTM), the E-Business and Internet Technology Network, includes 65 Web sites, 45 e-mail newsletters, 55 online discussion forums, and 52 moderated e-mail discussion lists for Internet industry and Internet technology professionals, Web developers and experienced Internet users. As of June 1999, internet.com has grown its audience to over 1.8 million unique visitors according to Media Metrix. internet.com generates approximately 50 million page views monthly.
"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 "Risk Factors" in the Company's Prospectus dated June 25, 1999, Annual Report or Form 10-K for the most recently ended fiscal year.
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