VerticalNet Named Among 'Best of the Web' By Forbes.com
HORSHAM, Pa. and NEW YORK--(BUSINESS WIRE)--June 30, 2000-- VerticalNet, Inc. (NASDAQ:VERT), the Internet's premier owner and operator of business-to-business trading communities, has been identified as one of the Top-10 Enablers for B2B commerce and among the Web's 200 most promising and competitive business-to-business companies by Forbes.com. The announcement was made yesterday evening, when Forbes.com's first annual "Best of the Web: B2BGuide" was posted online.
According to Forbes.com, more than 1,000 online marketplaces were judged according to the following criteria: corporate strategy, execution and financial staying power, in addition to the company's Web site.
"We are thrilled to have been included among the Web's top business-to-business players by such a respected source as Forbes.com," said Mark Walsh, VerticalNet's CEO. "This announcement serves as a real validation of VerticalNet's position of marketplace leadership, and is a valued acknowledgment of our overall corporate strength."
About VerticalNet, Inc.
VerticalNet, Inc. (www.verticalnet.com) owns and operates 56 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 the following industry sectors: Communications, Energy, Environment/Utilities, Financial Service, Food/Packaging, Foodservice/Hospitality, Healthcare, High Tech, Industrial, Manufacturing/Discrete & Process, Public Sector, Science and Services.
Additionally, VerticalNet provides auctions, catalogs, bookstores, career services and other e-commerce capabilities horizontally across its communities with sites like Industry Deals.com, IT CareerHub.com, LabX.com and Professional Store.com. VerticalNet's NECX(R) Exchange provides an exchange for the electronic components industry. Through Tradeum technology and strategic alliances, VerticalNet is focused on providing comprehensive end-to-end e-commerce solutions.
CONTACT: Peppercom for VerticalNet
Jeff Kasko/David Bray
212/931-6168/6164
jkasko@peppercom.com / dbray@peppercom.com
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