(BSNS WIRE) Cosmoz.com to Acquire StreetIQ.com, Leading Internet Women's
Cosmoz.com to Acquire StreetIQ.com, Leading Internet Women's Financial Site;
Transaction Adds Women related site to the Cosmoz Network
Business Editors/High-Tech Writers
SAN FRANCISCO--(BUSINESS WIRE)--Cosmoz.com (OTC BB:CMOZ) has
signed a binding Letter of Intent to acquire StreetIQ.com
(http://www.streetIQ.com), the leading women's financial community
site on the Internet. StreetIQ.com is the Internet's fastest growing
women's financial community, offering commentary, stock resources,
whisper numbers, and discussion forums. Dynamic, entertaining, and
always irreverent, StreetIQ.com brings together the Internet's most
popular application -- finance, with the fastest growing online
demographic -- women.
"Currently, it is estimated that nearly 45% of all Internet users
are women," said Kelly Black, CEO of StreetIQ.com. Offline, women
account for 80% of all purchase decisions, and analysts expect this
trend to naturally extend to the Internet. By 2002, women are
anticipated to account for over half of all online purchases, and this
presents a tremendous opportunity to advertisers seeking to target
this lucrative demographic.
While media brands such as Women.com, iVillage.com, and Oxygen
Media offer a wide range of general interests catering towards women,
StreetIQ.com offers women a comprehensive resource devoted
specifically to finance and investing.
"We're very excited about joining Cosmoz.com," said Ms. Black,
StreetIQ.com CEO. "They have done an excellent job of aggregating
e-commerce, financial, and entertainment web-sites, and we see a snug
fit with our niche focus towards a community of women investors."
StreetIQ.com offers stock quotes, chat, free email, personal
stock portfolios, whisper numbers, broker ratings, IPO information,
e-commerce, horoscopes and a wide variety of commentary. Key strategic
content partnerships with TheStreet.com (NASDAQ:TSCM), Keynote
Systems, 401(K)afe, iVillage.com (NASDAQ:IVIL), and Gomez Advisors,
provide our readership with some of the most comprehensive resources
available online.
Additionally our e-commerce partners which include Amazon.com
(NASDAQ:AMZN), eToys (NASDAQ:ETYS), Beyond.com (NASDAQ:BYND), and
CDNow (NASDAQ:CDNW), offer our customers a full and comprehensive
shopping experience, complete with individual product reviews.
About StreetIQ.com, Inc. (http://www.streetIQ.com)
StreetIQ.com, Inc. is the leading women's financial community
site on the Internet, offering commentary, stock resources, whisper
numbers, and discussion forums. In addition to writing for CMGI's
RagingBull.com, StreetIQ.com founder and CEO, Kelly Black, is the
author of the popular weekly earnings Whisper Number newsletter.
StreetIQ.com has also been featured in a number of publications
including SmartMoney, Money Magazine, the Wall Street Journal,
MoneyDaily, as well as Bloomberg Magazine.
The Cosmoz.com Network
The Cosmoz.com Portal (http://www.Cosmoz.com), is modeled after
leading Portals and Internet Venture Companies such as Yahoo! (NASDAQ:
YHOO), Go2Net, CMGI (NASDAQ:CMGI), Lycos (NASDAQ:LCOS), AltaVista
(NASDAQ:CPQ), Excite (NASDAQ:XCIT)and Netscape Netcenter (NYSE:
AOL), as a stand alone business and with the expressed purpose of
marketing the web sites within the Cosmoz Network. The Cosmoz.com
Portal provides several unique features, plus all the content,
functioning and ease of navigation users expect from major Internet
Portals. Additional features such as Free Email and Personalization
are in the process of being integrated into the portal.
Cosmoz.com owned web sites also provide unique content,
integrated into the Cosmoz.com Portal. This adds value to the
Cosmoz.com Portal, which advertises and serves as a window to other
Cosmoz.com web sites. The Cosmoz.com Portal also provides corporate
information such as Cosmoz.com news releases, contact information,
employment opportunities, Corporate information and how to sell your
web site.
"Cosmoz is now well-positioned to aggressively build the Cosmoz
brand and network, accelerate the growth and acquisition strategies,
and improve the existing properties and infrastructure," said Wilfred
Shaw, Chairman and CEO.
About Cosmoz.com
Cosmoz.com's (http://www.cosmoz.com) mission is to become a
recognized leader in the development acquisition and investment of
high profile, high traffic, niche market -- Internet related businesses
and web-based technologies. Cosmoz.com's goal is to become a major
force in the Internet industry and is dedicated to the development and
acquisition of up to 20 websites by the year 2000.
Cosmoz currently acquired Kingfine.com, an online resource
website for the active investors with almost 15,000 subscribers, and,
is currently in different phases of closing 3 to 4 more websites
deals. Furthermore, negotiations with several acquisition candidates
and investment opportunities are ongoing. "We are excited about our
current pace, developments and are on our way to reach our goal of
creating a network of websites under the Cosmoz Portal," said Wilfred
Shaw, CEO of Cosmoz.com. "Our company is growing at a rapid pace and
we are actively seeking more acquisition candidates," he added.
Certain information and statements included in this release
constitute "forward-looking statements" within the meaning of the
Federal Private Securities Litigation reform Act of1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the results,
performance, or achievements of the company to be materially different
from any future results, performance, or achievements expressed or
implied in such forward-looking statements.
--30--crd/sf*
CONTACT: For Cosmoz.com
LD Communications, Inc.
Bill Tunnell, 623/825-2550
Tunnellaz@aol.com
or
Hampton-Porter Investment Bankers
Michael Losse, 800/545-3345
mlosse@hpib.com
or
Compass Point Group, Inc.
Diann Tongco, 619/525-0800
dt@venturefinance.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED BANKING MERGERS/ACQ
INTERACTIVE/MULTIMEDIA/INTERNET
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
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