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To: BeachCrunc who wrote (10969)	6/28/1999 11:47:00 AM
From: Jenne	Respond to of 19700

@VENTURES FUNDS DYNAMIC FINE ART COMMERCE AND COMMUNITY SITE, NEXTMONET.COM ONLINE CONTEMPORARY ART GALLERY SELLS JURIED ORIGINAL Works by Hundreds of Talented Artists PR NEWSWIRE - June 28, 1999 11:13 SAN FRANCISCO, Jun 28, 1999 /PRNewswire via COMTEX/ -- NextMonet.com, the ultimate online gallery for lovers of contemporary fine art, has successfully completed its first round of funding by securing an investment from @Ventures, the affiliated venture capital arm of CMGI, Inc. (Nasdaq: CMGI). NextMonet.com becomes the latest of @Ventures' strategic investments in the Web commerce, community, content and enabling technologies arenas. NextMonet.com is a comprehensive destination and commerce site that offers the Web's largest selection of original contemporary art works for sale.To educate and encourage its visitors in the art of collecting, NextMonet.com provides a rich variety of educational content including artist's profiles, art reviews, commentary, news and opinions about the art world. Designed to help consumers overcome any hesitation they may feel when approaching a traditional art gallery, the site delivers respectful advice and contextual information that validates the natural preferences and inclinations of interested, yet non-professional art buyers. "The baby boom generation has driven a spectacular elevation in the quality of food, furnishings and housing consumed in North America. They are now poised to have a similar effect on the art market as they acquire original works for display in their homes and offices," said NextMonet.com founder and CEO Myrna Nickelsen. "Art lovers will turn to the Internet to makemore informed purchasing decisions and to seek the widest selection of art,just as they already use the Web for other important and significant purchases." "Last year, the US supported a multi-billion dollar art market with pieces sold largely through traditional channels like art galleries," said Brad Garlinghouse, a general partner with @Ventures. "But galleries can be perceived as intimidating by potential buyers. NextMonet.com provides a safe and reassuring environment to inquire about art, refine one's interests and buy with confidence." NextMonet.com is bringing the art buying experience to millions of new patrons while offering artists and galleries an important, audience-enlarging outlet. The site offers more than 2000 original works of art for sale including paintings, sculpture, photography, drawings, prints and sketches. All of the works on the site are reviewed and selected by a jury of art curators, historians and dealers to assure NextMonet.com customers of the highest standard of quality and originality. The company offers a money-back satisfaction guarantee so buyers can make their selections with confidence. About NextMonet.com Dedicated to providing an informative context for consumers seeking to discover, enjoy and purchase contemporary art, NextMonet.com offers the largest and best selection of original paintings, sculptures, and works on paper anywhere on the Web. The company exploits the interactive power ofthe Internet to create an online community for artists, galleries, educators and consumers, and to foster awareness and appreciation for the visual arts. By demystifying the elusive world of art through the Internet, NextMonet.com will play a dramatic role in expanding the multi-billion dollar worldwide art market. Funded by prominent Internet investment firm, @Ventures, the venture capital arm of CMGI, NextMonet.com is based in San Francisco, CA. Additional information is available at nextmonet.com .