24/7 Media, Inc. Announces Initial Public Offering
Business Wire - August 14, 1998 08:14
NEW YORK--(BUSINESS WIRE)--Aug. 14, 1998--24/7 Media, Inc. announced today an initial public offering of its
common stock on the Nasdaq National Market under the trading symbol TFSM. 24/7 Media is selling 3,250,000 shares at
$14.00 per share. The managing underwriting group is led by Merrill Lynch & Co.; J.P. Morgan & Co. and Allen & Company
Incorporated are co-managers of the offering.
The Company is an Internet advertising firm that sells advertising and promotions for Web sites. In particular, the Company
operates the 24/7 Network, a network of over 85 high profile Web sites; CLIQNOW!, a network of over 75 medium to
large-sized Web sites; and the ContentZone network of over 2,000 small to medium-sized Web sites. In addition, 24/7 Media
licenses its Adfinity(TM) advertising management system to independent Web sites to manage and serve high-volume Internet
advertising and direct marketing campaigns. The Company also markets its dbCommerce(TM) software to Web commerce
companies to enable the delivery of targeted promotions.
A copy of the Prospectus relating to the offering may be obtained from Merrill Lynch, Pierce Fenner & Smith Incorporated, 44
B Colonial Drive, Piscataway, New Jersey 08854, Attn: Final Prospectus Department.
This press release does not constitute an offer to sell or the solicitation of an offer to buy common stock of the Company, nor
shall there be any sale of common stock of the Company in any state in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification of common stock of the Company under the securities laws of any such state.
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