MessageMedia Inc. Announces Change in Nasdaq Stock Market Symbol to 'MESG'
BOULDER, Colo.--(BUSINESS WIRE)--March 29, 1999--MessageMedia Inc. (NASDAQ: MESG; formerly NASDAQ: MAIL), the leading provider of email-based direct marketing and customer relationship management services, announced today that as of the opening of business on Tuesday, March 30, 1999 MessageMedia Common Stock will trade on the Nasdaq National Market under the new stock symbol ''MESG,'' replacing the Company's current stock symbol ''MAIL.'' MessageMedia changed its stock symbol to reinforce the Company's current strategy and market positioning as a leading provider of outsourced Internet-based messaging services.
''Our new Nasdaq symbol better reflects our vision of offering a broader spectrum of messaging services that serve as value, growth and revenue drivers for our clients,'' stated Dennis Cagan, chief executive officer of MessageMedia. ''This symbol better matches our company name and reflects our focus on the enormous growth potential of messaging via the Internet.''
Last week, MessageMedia announced Pequot Private Equity Funds' investment of $10 million in MessageMedia in exchange for newly issued shares of Common Stock. Resources will be used to expand MessageMedia's leading position in the rapidly growing market for email-based customer relationship management and direct marketing services.
About MessageMedia Inc.
MessageMedia (NASDAQ: MESG, formerly NASDAQ: MAIL) is the leading provider of email-based customer relationship management and direct marketing services. The Company offers a comprehensive suite of outsource messaging services for information delivery, permission-based direct marketing and ongoing customer communications using industry standard Internet protocols. MessageMedia's customer portfolio includes more than 60 customers from the financial services, publishing, direct marketing, retailing and electronic commerce industries. Clients include E-TRADE, USA Today, GeoCities, Intuit, CMP Media, Barclays Bank and Bertelsmann. MessageMedia is a member of the SOFTBANK family of companies.
About SOFTBANK Holdings Inc.
SOFTBANK Holdings Inc. is the holding company for all of SOFTBANK Corp.'s U.S.- based activities. Its major operating companies include Ziff-Davis (NYSE:ZD - news), Kingston Technology Company and UTStarcom. SOFTBANK is the largest shareholder of Yahoo! (Nasdaq:YHOO - news) and E-TRADE (Nasdaq:EGRP - news), and a minority investor in Reciprocal, GeoCities (Nasdaq:GCTY - news), CyberCash (Nasdaq:CYCH - news) and E-LOAN. SOFTBANK and its affiliates own approximately 49% of the outstanding common stock of MessageMedia Inc. (NASDAQ: MESG; formerly NASDAQ: MAIL). In addition, through affiliated venture funds in the U.S. and Japan, the SOFTBANK Group has made more than 85 investments in Internet companies.
www.softbank.com
''Safe Harbor'' Statement Under the Private Securities Litigation Reform Act. With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties. These risk factors include, but are not limited to, the integration of a new senior management team, the Company's limited operating history, the integration of recent acquisitions, the anticipated fluctuations in operating results, the uncertain acceptance of new services being offered, and undeveloped and rapidly changing market. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. MessageMedia undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
MessageMedia Inc. 6685 Gunpark Drive East, Suite 240, Boulder, Colo. 80301 Phone: (303) 440-7550; FAX: (303) 440-0303; www.messagemedia.com
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Contact:
MessageMedia Inc.
Bert Klein, 619/410-3740
bklein@messagemedia.com
or
Beth Mayfield, 619/410-3759
investor@messagemedia.com
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