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INTERNET.COM VENTURE FUND II ANNOUNCES THREE INVESTMENTS
(Westport, CT--November 17, 1999)-- internet.com Venture Fund II LLC, part of the affiliated venture arm of internet.com Corporation (Nasdaq: INTM), today announced the closing of investments in AdvertisingConcepts.com, List-Universe.com and Milesandpoints.com. The investments are part of internet.com Venture Fund II's expanding portfolio of early-stage investments in Internet content properties. In addition, internet.com Corporation will receive equity ownership in AdvertisingConcepts.com and List-Universe.com in exchange for barter advertising."These three companies are poised to take advantage of the newest opportunities in the Internet space and are primed for dynamic growth," said Alan M. Meckler, chairman and CEO of internet.com. "We look forward to providing them with the strategic, financial, and Internet industry expertise necessary to leverage and expand their positions quickly and to establish market leadership."
AdvertisingConcepts.com is a network of Web sites and related Internet media properties dedicated to Internet related leads-based advertising development, target market distribution methods and Internet marketing strategies. Network sites include DirectCoupons.com, Directleads.com and MyCoupons.com. Directleads.com has over 4,000 affiliate Web publishers, delivers 200,000,000 impressions and generates 150,000 leads per month.
List-Universe.com provides a collection of resources, directories, community, news, tools, tips, tricks, suggestions, ideas, opinions, tutorials and strategies to help e-mail list-owners and ezine publishers succeed. In addition, the List-Universe Ad Network will bring e-mail list advertisers and ezine publishers together. The network includes 15 Web sites, 44 e-mail newsletters, 6 moderated e-mail discussion lists, with 37,000+ registered members who are e-mail list owners and ezine publishing professionals.
Milesandpoints.com seeks to become the leading portal site for worldwide affinity programs, gaining memberships by offering miles and points from participating affinity programs to new registrants and awarding miles and points to registrants who refer new members. The portal will feature chat, special events, bulletin boards, travel talk, news and information resources.
internet.com Venture Fund I and Venture 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 the portfolio manager of internet.com Venture Fund I and internet.com Venture Fund II and is an investor in both funds. 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.
internet.com Corporation owns and operates internet.com, the E-Business and Internet Technology Network (http://www.internet.com), 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 80 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 140 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.
