Thursday's (1/08/98) NEWS
biz.yahoo.com
Thursday January 7, 3:11 pm Eastern Time
Company Press Release
SOURCE: Rare Medium, Inc.
Rare Medium Selected by Major Business, News and Internet Publications as One of the Top Internet Companies of 1998
NEW YORK, Jan. 7 /PRNewswire/ -- Rare Medium, Inc. (Nasdaq: RRRR - news), raremedium.com, a pioneering Internet business solutions provider, in addition to its many awards and accomplishments in 1998, has recently received recognition by its peers in major business, news and trade publications as being amongst the top Internet companies of 1998, Glenn S. Meyers, President and Chief Executive Officer of Rare Medium, announced.
@NY, a leading Internet newsletter website which covers New York's 'Silicon Alley' companies, on December 23rd in its annual ranking of the top 25 companies that made headlines in 1998, ranked Rare Medium at number 13 with the following remarks: ''The stock market frenzy over Internet valuations presented CEO Glenn Meyers with an opportunity, and he took it. In a somewhat strange merger with an already public cooling manufacturer, Meyers gained the capital he needed to make Rare Medium into a bigger interactive services player through acquisitions. He then made six acquisitions during '98, including Silicon Alley startup I/0360 and finished the year with a presence in New York, Los Angeles, San Francisco, and Dallas. So can he keep it up in '99 and join the ranks of the biggest i-agencies?''
Crain's New York Business, in its November 30 issue, listed Rare Medium as number 13 of New York's top 15 players in the Internet industry.
Silicon Alley Reporter ranked Rare Medium and its CEO, Glenn S. Meyers, as number 28 in its Internet Top 100 for 1998. According to Silicon Alley Reporter editor and publisher Jason McCabe Calacanis, ''Rare Medium is a talented, aggressive, and intelligent company with a bright future.'' He went on to say, ''They've been in the Internet business since the start, and they get it. Glenn Meyers and his team have taken a wonderful boutique firm and turned it into a powerhouse positioned to be one of the top interactive firms in 1999. Rare Medium had a great '98 and I expect they will have an even better '99.''
Rare Medium's recently acquired Dallas-based FS3 Interactive, received recognition in the December 7th cover story of U.S. News & World Report which named Hotel Reservations Network's (HRN) Website, developed and maintained by FS3 Interactive, as one of the 'Best of the Web.' The site (http://www.180096hotel.com) provides real-time rates and availability for hundreds of hotels worldwide.
In addition, CNN recently named the Mattel Hot Wheels Speed City Website developed and maintained by Rare Medium (http://www.hotwheels.com), as 'Site of the Day,' and the London International Advertising Awards 1998 named the Hot Wheels Speed City Website as a finalist in the Interactive Media Websites category/ Recreation Equipment.
Commenting on these latest achievements, Mr. Meyers said, ''1998 was a year in which Rare Medium laid a firm foundation for growth including the building of infrastructure, addition of key management and personnel, and important acquisitions, setting the tone for more rapid growth and profitability in 1999. These accomplishments have reflected in increased investor confidence in the shares of Rare Medium which closed the year up 135.7% under the new Rare Medium management team. We look forward to an exciting new year.''
Dealing primarily with Global 2000 clients, Rare Medium, Inc. is an Internet business services firm, helping clients develop Internet strategies, improve business processes and develop interactive content using Internet- based technologies. To accomplish this, Rare Medium provides clients with Internet business strategy consulting, marketing, creative design and development, needs analysis, architecture planning, Internet, Intranet and Extranet solutions, hosting and maintenance.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect ICC Technologies, Inc. d/b/a Rare Medium, Inc. (Nasdaq: RRRR - news), and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Rare Medium's limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the Company's filings with the SEC.
SOURCE: Rare Medium, Inc.
|
