Excite Announces Early Release of 1.3 Million Shares of Common Stock From Secondary
Underwriter Lock-Up
PR Newswire - August 12, 1998 16:16
REDWOOD CITY, Calif., Aug. 12 /PRNewswire/ -- Excite, Inc. (Nasdaq: XCIT) announced today that effective August 12, 1998, Morgan Stanley & Co.
Incorporated, the lead underwriter for Excite's recent secondary public offering, will release the lock-up restrictions, which apply to certain of its stockholders, on an
aggregate of 1.3 million shares of Excite Common Stock. These shares will be available for sale on August 14, 1998.
About Excite, Inc.
Founded in 1994, Excite, Inc. is a global media company offering consumers a free online service with a simple front end to the internet and extensive personalization
capabilities, and advertisers the best one-on-one marketing services available online. The Excite network consists of two of the largest brands on the Web, Excite
(www.excite.com) and WebCrawler (www.webcrawler.com) and its subsidiaries; MatchLogic, Inc. (www.matchlogic.com), Classifieds 2000, Inc.
(www.classifieds2000.com), Throw, Inc., Excite Japan Co., Ltd. (www.excite.co.jp) and Excite UK, Ltd. (www.excite.co.uk). Localized versions of Excite are
available in the United Kingdom, Germany, France, Sweden, Netherlands, Australia, and Japan. Based in Redwood City, CA, Excite, Inc. has strategic relationships
with America Online, Inc., Intuit, Inc., Tribune Company, Itochu Corporation and Netscape Communications Corporation, Inc.
float dillution, yuk. SR |
