INTM owns linuxplanet.com - Could run like other Linux plays. Tutor.com and
MDLinx.com, both investments of internet.com Venture Fund I LLC, have
been named as "one of the 50 most promising startups on the East Coast"
by leading technology business magazine Red Herring. Both startups have
been selected as presenting companies for Red Herring's Venture Market
East Conference to be held on September 28 & 29 in Cambridge, Massachusetts.
"We are pleased that both investments have been acknowledged by one of
the industry's most influential technology business publications," said
internet.com chairman and CEO Alan M. Meckler. "Tutor.com and
MDLinx.com are excellent examples of the type of business models we
believe have the first-mover vision and focus necessary to become
leaders in their respective Internet spaces. In addition, we are
following in the path of CMGI (Nasdaq: CMGI) and Internet Capital Group
(Nasdaq: ICGE) 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."
MDLinx.com is a network of Web sites tailored to specific medical
practice areas, with two sites currently available
--http://www.mdlinx.com and heartlinx.com. Tutor.com aims to
become a leading vertical portal for tutoring and instruction services,
connecting parents and students with qualified instructors. Other
internet.com Venture Fund I LLC investments include CreativePlanet.com,
NetEquipment.com and MLX.com.
internet.com Venture Fund I was 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 one of the fund's investors and is the portfolio manager.
internet.com Corporation (Nasdaq: INTM), the E-Business and Internet
Technology Network, includes 65 Web sites, 45 e-mail newsletters, 55
online discussion forums, and 52 moderated e-mail discussion lists for
Internet industry and Internet technology professionals, Web developers
and experienced Internet users. As of June 1999, internet.com has grown
its audience to over 1.8 million unique visitors according to Media
Metrix. internet.com generates approximately 50 million page views monthly. |
