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INTERNET.COM CLOSES $15 MILLION INTERNET.COM VENTURE FUND II
(Westport, CT--November 11, 1999)-- internet.com Corporation (Nasdaq: INTM) today announced the formation of internet.com Venture Fund II LLC, dedicated to early stage investments in content Web sites. The Fund closed on November 10, 1999. internet.com Corporation, of which Alan M. Meckler is chairman and CEO, will manage the Fund.internet.com Corporation is also the portfolio manager of internet.com Venture Fund I LLC, formed in April of 1999, which consists of the following nine portfolio companies: AuctionRover.com, CreativePlanet.com, NetEquipment.com, MLX.com, Tutor.com, MDLinx.com, BuyBuddy.com, GoPDA.com and workz.com. internet.com Corporation is also an equity owner in both CreativePlanet.com and BuyBuddy.com. internet.com will continue to follow the path of CMGI (Nasdaq: CMGI) and Internet Capital Group (Nasdaq: ICGE) with the benefit 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. For additional information about the internet.com Funds and daily Internet venture capital news visit http://www.internet.comvc.com.
internet.com Venture Fund I and Fund II were 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 an investor in both funds.
internet.com Corporation owns and operates internet.com, the E-Business and Internet Technology Network, which includes 78 Web sites, 70 e-mail newsletters, 101 online discussion forums, and 73 moderated e-mail discussion lists for Internet industry and Internet technology professionals, Web developers and experienced Internet users. Over 1.8 million unique visitors generate more than 75 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 130 million per month. internet.com's global presence includes editions in Canada, China, the United Kingdom, Arabia, Australia, Asia, France, Germany, Japan, Israel and South Africa.
"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, when available.
For more information contact:
Steve Rubel
Schwartz Public Relations
(212) 677-8700 x23
steve.rubel@schwartzpr.com
Nicole Catalano
internet.com Corporation
(203)-341-2870
ncatalano@internet.com
All current internet.com Corp. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.
