From RB old news but
This is still early in 2000.
Venture Catalyst Named to the Internet Stock Review Watch List
for Year 2000
SAN DIEGO, Feb. 7 /PRNewswire/ -- Venture Catalyst Incorporated
(Nasdaq: VCAT), a full-service consultant and incubator for emerging Internet
businesses, announced today that it has been added to the Internet Stock
Review "Watch List" for 2000.
"We are pleased to have been recognized as one of the Internet Stock
Review's well-respected 'Top 20 Internet Stocks To Watch for Year 2000,'" said
Sanjay Sabnani, Executive Vice-President and Chief Investment Officer of
Venture Catalyst.
The Internet Stock Review Online is an online newsletter designed to give
broad coverage to Internet related publicly traded companies.
Roland Perry, editor of the Review stated, "In January of 1998, we added a
little-known company named CMGI to our Watch List -- an Internet incubator,
which at the time was a term little known to Wall Street. We defined it as
'Something like a closed-end venture-capital fund of Internet stocks, a
long-term keeper and one of the review's favorites.' Since that time the
stock has increased 6,800% in value, splitting from its original $29 share
level, 16 times from a split adjusted cost basis of $1.85, to over $125.
Perry continued, "Our Review is always designed to permit investors to ...
you guessed it, begin their due diligence. We have obviously spent a great
deal of time trying to find another Net Incubator worthy of our subscribers'
attention, and we believe we have found it in Venture Catalyst."
"In a sense, Venture Catalyst was one of the first 'incubators.' Ten
years ago, the company helped fund and consult to a Native American Tribe
which operated a small bingo hall. With Venture Catalyst's assistance, the
Tribe has developed into a major gaming operator which has returned in excess
of $250 million to its original founders," stated Perry.
Each issue of the Internet Stock Review aggregates and reports on New Buys
& Sales on Wall Street, coverage initiated or dropped on Wall Street, Big
Movers, Earnings (or lack of) reports, news and/or press releases from
Business Wire or PR Newswire, news from industry press or trade journals, news
from traditional media outlets. In addition, the Review annually names its
Top 20 Stocks to Watch for the year. Individuals wishing to find out more
about the other 19 stocks on this year's "Watch List" can receive information
by visiting the Review's site at www.internetstockreview.com.
In his assessment of Venture Catalyst, Perry stated: "We consider Venture
Catalyst's arrival to the Internet to have begun on August 17th of 1998 when
it acquired Cyberworks, Inc., a leading Web development and design firm that
lists Variety, the University of San Diego, Sony, Trimark Pictures, Peterson
Publishing, NASA, WD 40, GT Bicycles and many more among its clients."
Perry continued, "We are continually impressed with Venture Catalyst's
selection of Internet investments. On September 7th of 1999, the company
announced an investment in Media Cycle, which is the majority owner of
Spun.com, a leading Internet destination for buying, selling and exchanging
used and new CDs using proprietary algorithms to monitor and regulate its
pricing and inventory. On September 30th Venture Catalyst made an Investment
in KINeSYS Pharmaceutical Inc. and announced the unveiling of its own
20,000-square-foot incubator facilities, which we had the pleasure to visit
this week. On December 1st, the company announced an investment in
CraftClick.com, a global online Arts & Crafts community which offers free
commerce enabled home pages and free e-mail. On December 4th, the company
announced an investment in CompanyFinance.com, a Silicon Valley-based Internet
capital-matching firm for leading financial institutions and middle market
borrowers. On December 6th, the company announced an investment in Ultrexx, a
premier provider of Web sites and Internet systems development, including
software which enables a Web user to complete e-commerce transactions within a
banner advertisement without ever leaving the original host site.
"And Venture Catalyst has continued to make promising moves this year,"
said Perry. "On January 18th the company announced an investment in Bullet
Point News, operator of MBABulletPoint.com, an Internet portal for MBA
students at 40 leading institutions which has additionally been funded by
Ignatio Partners and Garage.com. On January 27th, the company announced that
Working Women Network retained its Cyberworks division to build its online
presence. Finally, on February 1st, the company announced the acquisition of
WebInc. the operator of WebIncubate.com., a recently-organized Internet
incubator for San Diego County."
"We will be reporting on the progress of Venture Catalyst from a corporate
standpoint during the year in our regularly issued weekly newsletter."
ABOUT THE INTERNET STOCK REVIEW ONLINE.
Each issue of the Internet Stock Review includes hyperlinks to the news
origination source for full coverage. The newsletter additionally reports on
the availability of streaming audio/video profiles, press releases,
shareholder conferences and interviews with senior management of the companies
covered.
The InternetStockReview.com Web site, like the company's Online newsletter
is devoted to coverage of Internet related publicly traded companies. The
site provides direct links to the Web sites of companies covered and
additionally provides links (for covered companies) to Stockmaster for quotes
and charts, FreeEdgar for SEC filings, Big Charts for interactive charts, AV
Newswire for streaming audio/video profiles, press releases and management
interviews when available, Yahoo Finance for press releases from both Business
Wire and PR Newswire, Hoover's for corporate profiles when available and the
Silicon Investor for chat.
When subscribers arrive at the site (after sign up), they will find logos
for each "Watch List" stock. Clicking on one of the logos takes subscribers
to a second page where they can easily click their way to a variety news or
quotation providers.
ABOUT VENTURE CATALYST.
Headquartered in San Diego and with offices in Santa Monica, Calif.,
Venture Catalyst Inc. (www.vencat.com) is a full-service consulting company.
Through its Venture Catalyst division, the company serves the strategic and
growth needs of private and public technology companies. Venture Catalyst
Inc. provides investor relations, public relations and marketing, strategic
planning, state-of-the-art incubation facilities, as well as comprehensive Web
development services through Cyberworks Inc. (www.cyberworks.net), the
company's wholly-owned subsidiary.
SOURCE Venture Catalyst Incorporated
-0- 02/07/2000
/CONTACT: Investors: Sanjay Sabnani, 310-399-4059, sanjay@vcat.com, or
Media: Angelyn Lechman, 858-385-1000, alechman@vcat.com/
/Web site: cyberworks.net
/Web site: internetstockreview.com
/Web site: vencat.com
(VCAT) |
