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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Annette who wrote (20298)	7/15/1999 5:44:00 PM
From: Scott Kleinhans	Read Replies (2) \| Respond to of 27722

Anybody think that this may be the reason for the long delay with the NETR IPO... VVTV managing Internet Investments. Thursday July 15, 4:15 pm Eastern Time Company Press Release SOURCE: ValueVision International, Inc. ValueVision to Form Subsidiary to Pursue and Manage Internet Investments ValueVision Announces First Two of Series of Investments in Internet Companies MINNEAPOLIS, July 15 /PRNewswire/ -- ValueVision International, Inc. (Nasdaq: VVTV - news) today announced that it expects to form a new wholly-owned subsidiary that will be dedicated to aggressively pursuing and managing a series of new investments and strategic alliances in Internet ventures. Working closely with NBC and GE Equity, the subsidiary expects to take a series of strategic equity positions in growing Internet enterprises that could substantially benefit from ValueVision's e-commerce and entertainment programming initiatives, including cross-promotions with the Company's rapidly growing home shopping network and Internet shopping website. The subsidiary and its management team is expected to be formed and announced within the next few weeks. biz.yahoo.com Scott