VerticalNet, Inc. [VERT] Message Board

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Technology Stocks : VerticalNet, Inc. [VERT]

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To: puborectalis who wrote (922)	7/24/2000 12:56:52 AM
From: Sarkie	Read Replies (1) of 1094

HORSHAM, Pa. -(Dow Jones)- VerticalNet Inc. (VERT) said it completed its joint venture with Softbank Corp.'s (J.SFT) Softbank E-Commerce Corp. In a press release Sunday, VerticalNet said the venture, VerticalNet Kabushiki Kaisha, plans to launch business-to-business "vertical communities" in Japan. Softbank and VerticalNet announced the venture in January. VerticalNet also named David Kostman to the new position of president of VerticalNet International. The company said Kostman was a managing director in Lehman Brothers Investment banking division. The company said it is expanding its global activities, which will be led from its Horsham, Pa., headquarters. VerticalNet owns and operates 57 Web sites designed as online business-to-business communities. Company Web site: verticalnet.com

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