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Technology Stocks : divine interVentures, Inc. (DVIN)

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To: astyanax who wrote (26)2/1/2000 10:36:00 AM
From: Glenn Petersen   of 246
 
DVIN opens an office in Austin, Texas:

biz.yahoo.com

Tuesday February 1, 10:02 am Eastern Time

Company Press Release
SOURCE: divine interVentures inc.

divine interVentures Expands to Texas to Grow Its B2B E-Commerce Family

divine Austin to Strengthen the City's Leadership in the New Economy

CHICAGO, Feb. 1 /PRNewswire/ -- divine interVentures inc. (divine.com) is opening a new location in high-tech hot spot Austin, Texas, as part of its strategy for growing its econet of business-to-business e-commerce companies.

divine, a Chicago-based Internet operating company actively engaged in B2B e-commerce through a network of partner companies, is looking to strengthen Austin's leadership and add new startups and corporate spinouts to its synergistic community of Internet businesses.

``Expanding our Internet Zaibatsu(TM) community to other tech-savvy locations supports our vision of helping cities build business-to-business e-commerce centers and helping our partner companies to focus on their core business so they can get to market faster,' said Andrew ``Flip' Filipowski, chairman and CEO of divine interVentures, ``divine Austin is the first of several new locations we expect to open as we become a leader in the new economy.'

Local Contacts for Austin Entrepreneurs

As in Chicago, divine Austin will acquire significant interests in, operate and provide services to B2B e-commerce companies, but with a focus on companies based in Austin and across Texas. Now, Texas entrepreneurs and executives can submit their business plans via the Web at divine.com or contact divine Austin directly at 512-514-6297.

divine Austin has taken office space at 7000 MoPac Expressway, as part of a phased build-out plan. Ultimately, divine will establish a technology habitat in the heart of Austin's ``Digital Downtown.'

``divine will be a catalyst for growth in Austin and help the state of Texas as it becomes a powerful technology and market innovator,' said Bob Langer, executive managing partner-Austin, divine interVentures.

Heading up the divine Austin team are Langer and Wade Hansen, managing partner-Austin. They will assemble a team of seasoned business professionals with operational expertise, market experience, strategic development and investment skills to support Texas entrepreneurs. Both Langer and Hansen joined divine from Dell Computer, where they held senior positions in the Online and Dell Ventures teams. Dell is an investor in divine interVentures.

About divine interVentures

Chicago-based divine interVentures, inc. is an Internet operating company actively engaged in business-to-business e-commerce through a network of partner companies. Through the Internet Zaibatsu(TM) community, divine's family of companies collaborates to create success through a tightly linked network. divine acquires significant interests in, operates and provides services to its partner companies. divine's services include operational support, strategic guidance, incubation, marketing, Web design and development, sales, IT hosting, legal and administration. These services provide partner companies with an operating framework so they can focus on their core business, shorten time to market and build Internet commerce leadership. More information is available at www.divine.com .

SOURCE: divine interVentures inc.
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