Friday May 14, 8:30 am Eastern Time
Company Press Release
SOURCE: Go2Net, Inc.
Go2Net Acquires IQC.com
Adds Comprehensive Real-Time Financial Charting and Technical
Research Capabilities to Silicon Investor
SEATTLE, May 14 /PRNewswire/ -- Go2Net, Inc. (Nasdaq: GNET - news), a network of
branded, technology- and community-driven Web sites ( go2net.com ), today
announced the acquisition of IQC.com ( iqc.com ) for approximately $20
million in Go2Net stock. The transaction is effective immediately and brings Go2Net a
powerful suite of free and subscription-based financial analysis and real-time charting
services, which it will fully integrate with Go2Net's Silicon Investor (
siliconinvestor.com ), the Web's premier financial discussion site.
IQC's subscription-based IQ Chart includes robust, real-time technical charts, which
continuously monitor market indices and individual company performances, updating
automatically every minute throughout the trading day. IQ Chart also offers Technical Stock
Scan, enabling investors to locate individual stocks based on criteria they select and
customize, from more than 100 variables such as technical indicators, fundamental
company information, price and volume. Additionally, IQC Chart features IQC Zone, a
proprietary stock indicator designed to minimize false signals in volatile market conditions.
Using an artificial intelligence algorithm back-tested over 30 years of historical data, IQC
Zone displays color-coded bullish and bearish signals for any stock a user selects. IQC Chart
is the world's first 100% pure Java-based financial analysis tool and is available for $24.95
per month.
''This is a significant step in establishing Silicon Investor as the Web's destination of choice
for sophisticated investors, adding some of the most timely and technically advanced
financial research capabilities available anywhere,'' said Russell C. Horowitz, Go2Net CEO.
''The number one request for product improvement related to Silicon Investor has been for
comprehensive financial charting and equity tracking opportunities. We believe Silicon
Investor's loyal base of users will find tremendous value and utility in what IQC brings.''
Also to be integrated with Silicon Investor, IQC's free-of-charge offerings include
comprehensive and continuously updated basic stock charts and tracking summaries of the
world's financial indices, including major, secondary, U.S. and international exchanges. The
free charts provide technical analysis of all publicly traded companies, along with price
history charts covering time increments ranging from every five minutes to monthly. IQC
also provides 'Top 10' listings in an array of categories, including the financial markets'
most active, biggest gainers (price and percentage) and biggest losers (price and percentage),
among other areas.
About Go2Net, Inc.
Go2Net is a network of branded, technology- and community-driven Web sites focused on
the following categories: personal finance, search, commerce, and games. The company also
develops Web-related software. The Go2Net Network's properties include: Go2Net
Personal ( go2net.com ), which provides users with a comprehensive Internet
start page offering customizable news, discussion, and stock information, as well as direct
access to Go2Net's own finance, search, free Web hosting, shopping and Java multiplayer
game sites; Silicon Investor ( siliconinvestor.com ), the Web's premier financial
discussion site; StockSite ( stocksite.com ), which offers proprietary articles,
portfolio tracking tools, company research and news relating to business and finance;
MetaCrawler ( metacrawler.com ), a metasearch service that combines various
existing search/index guides into one service; 100hot ( 100hot.com ), a leading
directory of the Web's most popular sites; HyperMart ( hypermart.net ), the
Web's leading provider of free business hosting services; Haggle Online (
haggle.com ), one of the Web's premier person-to-person auction services;
WebMarket (http://www.webmarket.com), a one-stop comparison shopping service; and
PlaySite ( playsite.com ), the Web's premier Java-based multi-player games site.
The company's Go2Net Labs division develops innovative technologies to enhance the
features and functionality of the Go2Net sites and for licensing to other Internet companies.
This announcement contains forward-looking statements that involve risks and
uncertainties, including those relating to the company's ability to grow its user and
advertiser base. Actual results may differ materially from the results predicted and reported
results should not be considered as an indication of future performance. The potential risks
and uncertainties include, among others, the company's limited operating history, the
competitive environment in which the company competes, the early stage of the Web as an
advertising and electronic commerce medium, the company's dependence on advertising and
sponsorship revenues, the company's dependence on strategic relationships to drive traffic to
its Web sites, consumer acceptance of the company's new products and services, the
company's ability to develop and integrate new technologies and services into its existing
services, and the increased use of the Web for commerce. More information about the
potential factors that could affect the company's business and financial results is included in
the company's Annual Report on Form 10-K for the year ended September 30, 1998 and
Quarterly Reports on Form 10-Q for the quarters ended December 31, 1998 and March 31,
1999, which are on file with the Securities and Exchange Commission.
CONTACT: Mark S. Peterson, Director of Public Relations of Go2Net, Inc.,
206-447-1595, or mark@go2net.com/
SOURCE: Go2Net, Inc. |
