VerticalNet Named to the FORTUNE e-50 Index of the Internet Economy
VerticalNet Named to the FORTUNE e-50 Index of the Internet Economy
HORSHAM, Pa., Dec 2, 1999 (BUSINESS WIRE) -- VerticalNet, Inc., the
Internet's leading portfolio of business-to-business communities of
commerce, has been named by FORTUNE magazine to the FORTUNE e-50 Index,
along with America Online, IBM, Amazon.com, Microsoft, Yahoo! and Cisco
Systems.
The FORTUNE e-50 was introduced as a regular feature in FORTUNE's
December 6th issue as an effective proxy for the Net economy, tracking
companies across the spectrum of the e-business world.
VerticalNet(R) is one of 19 companies listed in the "E-companies"
category, defined by FORTUNE as companies redefining not only the way
business is done, "but also how we shop, communicate, advertise,
entertain ourselves, plan our lives, and manage our finances. They
embody wildly different business models."
VerticalNet's trade communities provide users with comprehensive
sources of information, interaction and e-commerce. These industry
specific sites -- such as ComputerOEM Online
(www.computeroemonline.com), Plant Automation.com
(www.plantautomation.com) and Semiconductor Online
(www.semiconductoronline.com) --comprise 10 industry groups, including
Advanced Technologies, Communications, Environmental, Food
Service/Hospitality, Food and Packaging, Healthcare, Manufacturing and
Metals, Process, Sciences, and Services.
"We are proud to be recognized as an industry leader", said Mark Walsh,
President and CEO of VerticalNet. "Awareness and understanding of
business-to-business e-commerce has come a long way this year, and I
think VerticalNet's inclusion on the index speaks volumes about our
future of leveraging in the transforming power of the Internet to
global trading communities."
About VerticalNet
VerticalNet, Inc. (www.verticalnet.com), owns and operates 53
industry-specific Web sites designed as online business-to-business
communities, known as vertical trade communities. These vertical trade
communities provide users with comprehensive sources of information,
interaction and e-commerce.
They are grouped into 10 sectors: ADVANCED TECHNOLOGIES: Aerospace
Online, Auto Central.com, ComputerOEM Online, Embedded Technology.com,
Plant Automation.com, Semiconductor Online, Test and Measurement.com;
COMMUNICATIONS: Digital Broadcasting.com, EC Online, Fiber Optics
Online, Photonics Online, Premises Networks.com, RF Globalnet, Wireless
Design Online, Wireless Networks Online; ENVIRONMENTAL: ElectricNet,
Pollution Online, Power Online, PublicWorks Online, Pulp and Paper
Online, Safety Online, Solid Waste Online, Water Online; FOOD AND
PACKAGING: Bakery Online, Beverage Online, Dairy Network.com, Food
Ingredients Online, Food Online, Meat and Poultry Online, Packaging
Network.com; FOODSERVICE/ HOSPITALITY: E-hospitality.com, Foodservice
Central.com; HEALTHCARE/SCIENCE: Bioresearch Online, Drug Discovery
Online, E-Dental.com, Home Health Provider.com, Hospital Network.com,
Laboratory Network.com, Long Term Care Provider.com, Medical Design
Online, Nurses.com; MANUFACTURING AND METALS: Machine Tools Online,
Metrology World.com, Surface Finishing.com, Tooling Online; PROCESS:
Adhesives and Sealants.com, Chemical Online, Hydrocarbon Online, Paint
and Coatings.com, Pharmaceutical Online, Online, Oil and Gas Online;
SERVICE: HR Hub.com, Property and Casualty.com.
VerticalNet is the registered trademark of VerticalNet, Inc. All other
names are trademarks and/or registered trademarks of their respective
owners.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
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CONTACT: VerticalNet
For investor relations:
The Poretz Group investor relations
Esther Smith, 703/506-1778 x 225
esther@poretz.com
or
For media inquiries:
Peppercom
Peter Harris, 212/931-6112
pharris@peppercom.com
WEB PAGE: businesswire.com
GEOGRAPHY: PENNSYLVANIA CALIFORNIA
INDUSTRY CODE: COMPUTERS/ELECTRONICS
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