NEWS ALERT: DW has a new twist to support stock price:
ANDOVER, Mass.--(BUSINESS WIRE)--June 15, 1999--CMGI, Inc.
(NASDAQ:CMGI.O), a leading diversified Internet operating company, today
announced that it plans to institute Directed Share Programs for its
majority-owned operating companies which undertake initial public
offerings.
The program will begin with the initial public offering of CMGI's
Engage Technologies subsidiary. It is currently expected that Engage
will reserve a limited number of shares of its initial public offering
for qualified CMGI shareholders at the offering price. Individual CMGI
shareholders who own at least 100 shares of CMGI Common Stock at the
close of business on June 15, 1999, and who meet certain eligibility
requirements, will be invited to participate. On May 7, 1999, Engage
filed with the Securities and Exchange Commission a registration
statement for the initial public offering of its Common Stock.
A letter detailing the specific terms for eligibility and
participation in the Directed Share Program will be mailed to all
eligible CMGI shareholders shortly.
CMGI intends to institute similar directed share programs for
each of its majority-owned operating companies that undertakes an IPO;
however, it reserves the right to revise or discontinue such programs
at its discretion.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. The securities may not be sold nor offers to buy be
accepted, prior to the time the registration statement becomes
effective. This communication shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which its offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such State.
About CMGI
A recognized leader in the Internet economy, CMGI (Nasdaq:CMGI.O)
has built a substantial base of Internet operatingcompanies and,
through its @Ventures affiliate, has taken strategic positions in a
growing series of synergistic Internet enterprises which enhance the
value of its core holdings. This unique method of generating equity
for its shareholders is what CMGI calls "creating net value."
Microsoft, Intel and Sumitomo hold minority positions in CMGI.
CMGI's majority-owned subsidiaries include Activerse, Adsmart,
Engage, iCast, Magnitude Network, NaviSite, NaviNet, Planet Direct and
ZineZone. The Company's @Ventures affiliates have ownership interests
in Lycos, Inc. (Nasdaq:LCOS.O), Critical Path (Nasdaq:CPTH.O), Silknet
(Nasdaq:SILK.O), Ancestry.com, Asimba, blaxxun, CarParts.com, Chemdex,
eCircles.com, Furniture.com, HotLinks, KOZ.com, MotherNature.com,
NextMonet.com, NextPlanetOver.com, OneCore.com, Productopia,
Promedix.com, Raging Bull, Softway Systems, Speech Machines,
ThingWorld.com, Universal Learning Technology, Vicinity, Virtual Ink
and Visto.
CMGI is also the majority-owner of SalesLink, InSolutions and
On-Demand Solutions, leaders in the direct marketing, fulfillment and
turnkey arenas. CMGI Corporate headquarters is located at 100
Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax:
978-684-3814. Additional information is available on the company's Web
site cmgi.com.
--30--bh/bos*
CONTACT: CMGI
Catherine Taylor, 978/684-3832
IR@cmgi.com
KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET
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