go2net Receives Nasdaq National Market System Listing
October 1, 1998 08:30 AM
SEATTLE, Oct. 1 /PRNewswire/ -- go2net, Inc. GNET , a network of technology- and community-driven Web sites , today announced that it has received formal approval from the National Association of Securities Dealers for its common stock to be traded on the Nasdaq National Market System, effective at today's market open. The company has been publicly traded on Nasdaq's SmallCap Market since its initial public offering in April of 1997. go2net will continue to trade under the symbol: GNET.
"This is an important step for go2net, and it sets the stage for greater visibility and liquidity for the company's shares," said Russell C. Horowitz, go2net chief executive officer. "The time is right for the investment community and others to become more acquainted with our company."
The company's new listing comes as go2net recently announced that usage of its online network has grown to exceed 1 million unique visitors per day, up from 250,000 per day in January 1998. The company also announced that it moved up to Number 28 in the August 1998 Relevant Knowledge Web Report, placing it in the Internet's Top 30 destinations for the first time.
The go2net network has grown through the enhancement of its popular Web sites, including: MetaCrawler, an award-winning search service; StockSite, an investment and portfolio tracking service; and PlaySite, a multiplayer, Java-based gaming area. Additionally, the network has expanded in 1998 with the acquisitions of Silicon Investor, the Web's largest financial discussion community, and Hypermart, the Web's leading provider of free business hosting services. go2net also recently launched WebMarket, a one-stop comparison shopping resource.
About go2net, Inc.
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