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Technology Stocks : Claxson Interactive Group Inc.
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To: Glenn Petersen who wrote ()12/4/1999 10:59:00 PM
From: Glenn Petersen   of 66
 
Also from the F-1:

Market Opportunity:

Internet usage has only begun to penetrate Latin America, but its growth is expected to be dramatic. Internet users in Latin America have grown from approximately 2.3 million at year-end 1997 to 4.8 million at year-end 1998, and are projected to increase to 19.1 million by year-end 2003, representing an increase in Internet penetration of 0.6% to 3.7% (measured in relation to the total population of the region). According to industry reports, the Internet penetration rate in 1998 was 0.8% in Argentina, 1.1% in Brazil, 0.4% in Colombia, 0.6% in Mexico and 1.9% in Chile.

The United States has a total Hispanic population of approximately 31.4 million people, which has grown at a compound annual rate of 3.7% from 1996 to 1999. By 2000, the U.S. Hispanic population is expected to constitute approximately 11% of the total U.S. population. Advertising targeting U.S. Hispanics was $1.7 billion in 1998. As of May 1999, the Internet penetration rate for U.S. Hispanics was approximately 19.0%.
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