MessageMedia Corrects Bloomberg Error
Pequot Capital's Position in MessageMedia Unchanged
BOULDER, Colo.--(BUSINESS WIRE)--June 1, 2000--MessageMedia, Inc. (Nasdaq:MESG - news), the leading provider of e-messaging services for customer marketing and communications, today announced that the Bloomberg Professional has corrected an error that appeared on its premium online service. The Bloomberg Professional had incorrectly reported that Pequot Capital, the second largest holder of MessageMedia stock, had reduced its position in the company.
``Pequot Capital is very bullish on MessageMedia,'' said Gerald Poch, managing director of Pequot Capital Management, Inc. and co-chairman of MessageMedia. ``The company is poised for long-term growth and success. MessageMedia has built an infrastructure to deliver leading-edge marketing and communications services that go well beyond the commodity e-mail delivery services of its competitors. We want to make sure that investors understand commitment to the company and aren't misled by Bloomberg's reporting mistake.''
Poch's comments echo recent statements made by Bradley Feld, managing director of SOFTBANK Venture Capital and co-chairman of MessageMedia. ``We are incredibly optimistic about MessageMedia's future,'' Feld said. ``Management has positioned the company as a leader with a unique value proposition for its clients.''
MessageMedia Solutions and Business Applications
MessageMedia delivers online customer communications, customer intelligence and customer care services to help its clients retain and grow the value of their customer relationships. The company also offers a full line of hosted and enterprise software applications designed to advance a complete online dialogue between organizations and their customers. The company's renowned client services team -- with more than 125 marketing professionals -- provides quantitative analysis of campaign and customer data, opt-in program design and custom implementation for every customer based on current needs and future business strategies. MessageMedia offers specialized industry solutions for the publishing, ISP/portal, retail/e-tail, financial services, high tech and travel and entertainment arenas.
About MessageMedia Inc.
MessageMedia (Nasdaq:MESG - news) provides permission-based marketing, ongoing customer communications services and real-time customer feedback solutions using industry standard Internet protocols. MessageMedia's customer portfolio features Cisco Systems, Dell Computer, E*TRADE, AOL, Yahoo!, Microsoft, GeoCities, CMP Media, Barclays Bank, EDS, Universal Studios, Hoover's Online and Bertelsmann. Investors in MessageMedia include SOFTBANK and its affiliates, which constitute the world's largest investors in the Internet, and Pequot Capital Management, a Connecticut-based research-intensive investment firm.
``Safe Harbor'' Statement Under the Private Securities Litigation Reform Act. With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties. These risk factors include, but are not limited to, the integration of a new senior management team, MessageMedia's limited operating history, the integration of recent acquisitions, risks associated with pending and future acquisitions, the anticipated fluctuations in operating results, the uncertain acceptance of new services being offered, and undeveloped and rapidly changing market and other factors detailed in MessageMedia's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1999. All companies and product names are trademarks of their respective owners. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MessageMedia undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
MessageMedia Inc. 6060 Spine Road, Boulder, Colo. 80301 Phone: (303) 440-7550; Fax: (303) 440-0303 www.messagemedia.com Investor Relations inquiries should be sent to investor@messagemedia.com
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Contact:
MessageMedia Inc.
Tork Johnson, 303/381-7500 (Investors)
tork@messagemedia.com
or
The Ruth Group, Inc.
Stefanie King, 917/639-4110 (Media)
slking@theruthgroup.com |
