More sound bites.
ZINOOK, a THCG Subsidiary, Launches New Online Research And Data Center
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NEW YORK--(BUSINESS WIRE)--Aug. 24, 2000--
Provides Perhaps The Most Comprehensive Compilation Of Information
On Private and Public Israeli Technology
Companies And The Israeli Venture Capital Industry;
Zinook Also Welcomes Former ECI and VocalTec Senior Executive
As New Venture Partner In Residence
THCG, Inc. (NASDAQ:THCG), a leading architect and builder of
global Internet and technology enterprises, today announced that its
wholly-owned subsidiary, Zinook, officially launched its online
research and data center. This center is dedicated to providing the
most comprehensive interactive information available on private and
public Israeli technology companies and the Israeli venture capital
industry.
Found on the Internet at http: 1/4 1/4research.Zinook.com or
www.ivc-online.com, Zinook Research and Data Center provides visitors
with:
-- information on over 2,150 Israeli High Tech companies in all
sectors, and includes detailed description of the companies,
financial data and company contact information;
-- a listing of Venture Capital funds and Private Equity management
companies active in Israel, and provides detailed information
regarding their investment preferences; and
-- developments and prevailing trends in Israel's high tech and
venture capital industry.
Zinook Research and Data Center will also publish quarterly and
yearly reports featuring the local investment scene based on data
collected from over 70 leading VC's in Israel. Interested parties may
subscribe to these reports directly on the Web site. Other
publications being made available through the center include:
-- Yearly IVA - The Israeli Venture Association's book of companies
that were funded during the previous year; research and articles
from noted, local analysts commentating on diverse, yet relevant
issues; and regular information on local VC's, management
companies, investment banks and other investing professionals.
-- Monthly printed research newsletter concerning different
investment issues. Currently, the newsletter is circulated to over
3,000 subscribers worldwide.
In the first two days following its debut, subscriptions from
professionals primarily stemming from Venture Capital management
companies, banks and high technology companies reached over 2,500.
Joseph D. Mark, Co-Chairman and CEO of THCG, noted, "By providing
the most extensive and comprehensive database of information and
research tools, Zinook takes one additional step towards
distinguishing itself as Israel's premier, preferred source of
business intelligence on Israel's high technology entrepreneurs,
investors and community. Zinook's mission is to empower technology
entrepreneurs, investors and start-ups. Israel is simply the proofing
ground for our `Zinook model' which THCG intends to deploy in other
emerging centers of technology excellence across the globe."
In other news, the Company reported that an experienced technology
executive, Doron Zinger, has joined Zinook as its first Venture
Partner in Residence. Mr. Zinger brings to Zinook a unique managerial
background firmly entrenched in the global technology marketplace
after having served as a senior executive with such prolific companies
including ECI Telecom Ltd. (Nasdaq/NM:ECIL) and VocalTec
Communications, Inc. (Nasdaq/NM:VOCL). From 1980 through 1997, Mr.
Zinger moved through the ranks of ECI Telecom where he was ultimately
named Senior Vice President and Chief Operating Officer of the Company
and was directly responsible for over 2000 employees. During Mr.
Zinger's two year tenure as COO, ECI's revenues increased from $450
million to over $700 million. Following his departure from ECI, Mr.
Zinger served as President and CEO of VocalTec Communications, where
he was responsible for transforming the company from a consumer
product software company into a leading fully-integrated
telecommunications equipment company, offering complete VoIP network
solutions to major telecom operators. Mr. Zinger earned a BS degree
from Technion and an MBA from Tel Aviv University.
Zeev Holtzman, Chairman and CEO of Zinook, stated: "We are
delighted to welcome Doron as our first `Venture Partner in
Residence'. As a proven industry executive who has lengthy experience
in overcoming the challenges of operating an emerging technology
company in a highly dynamic and competitive marketplace, Doron will
clearly prove invaluable in assisting THCG and Zinook in evaluating
venture opportunities and aiding in the implementation of those we
select to partner with represent."
Concluding, Mr. Zinger added, "I am very pleased to be working
with Zinook and look forward to serving as its first `Venture Partner
in Residence'. It has been my experience that many emerging technology
companies fail to recognize and prepare for shifting trends in the
technology environment. Consequently, they pay the price with missed
opportunities or worse, they perish. It is my hope to work closely
with THCG, Zinook and the group's venture partner companies to ensure
that they avoid unnecessary pitfalls and seize each opportunity to
emerge as leaders that set the industry standards by which all others
must abide."
About THCG, Inc.
Based in New York City, THCG, Inc. is a leading architect and
builder of global Internet and technology enterprises. The Company is
rapidly acquiring a portfolio of partnership companies and continuing
to engage in fee-for-service activities. Its incubation and
acceleration efforts center around Web technologies, wireless,
communications, network security, and supply chain and customer
relationship management sectors. In addition, the Company is also
pursuing e-Commerce and Web-content transactions with a "bricks and
clicks" focus. The Company has differentiated itself by focusing on
building significant companies by actively delivering its fee-based
services, referred to as "V3" - venture development; venture banking
and venture funding. THCG has equity positions in several early-stage
partner companies including Convergence MediaGroup, Inc.
(www.cmg-us.com); ENJEWEL (www.enjewel.com); Global Credit Services,
Inc. (www.globalcreditservices.com); Globecom Interactive, Inc.; IT
Utility, Inc. (www.itutility.com); Test University, Inc.
(www.testu.com) and Xtend Networks, LTD.
THCG also holds investments in over 10 Internet and technology
businesses it acquired through direct investment, equity for services
or acquisitions, including iBeauty.com (www.ibeauty.com);
insci-statements.com, Corp. (NASDAQ:INSI), (www.insci.com);
Marketplayer.com, Inc. (www.marketplayer.com); Passport New Media,
Inc. (www.yourownworld.com); RealTimeImage, Inc.
(www.realtimeimage.com); SoftWatch, Ltd. (www.softwatch.com); Sunshine
Media Corporation (www.bikini.com); TechOnLine, Inc.
(www.techonline.com); and, webMethods, Inc. (NASDAQ:WEBM),
(www.webmethods.com).
THCG shortly expects to complete the formation of THCG Giza Israel
as a THCG wholly-owned subsidiary. THCG Giza Israel will serve as the
Company's global technology "center of excellence" and is focused on
sourcing, screening and developing promising companies in the areas of
Broadband, Wireless, Internet Enabling Technologies and Telecom
Infrastructure.
For more information, please visit the Company's Web site at
www.thcg.com. |
