ANYONE HAVE 100 CMGI OVER SINCE AUGUST 25?
CMGI Announces Second Offering Of Directed Share Program For Majority-Owned Internet Companies
ANDOVER, Mass.--(BUSINESS WIRE)--Sept. 7, 1999--CMGI, Inc. (NASDAQ:CMGI) today announced the continuation of its discretionary Directed Share Programs for its majority-owned operating companies.
In connection with the initial public offering ("IPO") of CMGI's NaviSite, Inc. subsidiary, CMGI will enable its shareholders who meet the stated eligibility requirements of the NaviSite Directed Share Program the opportunity to participate in NaviSite's IPO at the offering price. On July 22, 1999, NaviSite, Inc. filed a registration statement for the initial public offering of its common stock with the Securities and Exchange Commission. The proposed sale of NaviSite's common stock to the public is expected to occur in late September 1999.
Eligibility for the NaviSite Directed Share Program will be extended to all CMGI shareholders who owned a minimum of 100 shares of common stock in any one account as of the record date, August 25, 1999, subject to certain limitations described below, and who properly register and open an account for the program. CMGI shareholders who acquired shares between August 20, 1999 and August 25, 1999 should check with their brokers to determine the date on which they became a shareholder of record with respect to those shares.
An official letter detailing the specific terms for eligibility and participation in the NaviSite Directed Share Program was mailed to all eligible CMGI shareholders on September 3, 1999. Eligible shareholders who do not receive this letter by close of business on September 9, 1999, should contact CMGI Investor Relations at (978) 684-3832. The letter contains instructions on how to open an account over the Internet with an online investment brokerage firm using an investor code contained in the letter. To participate in this program, shareholders will need access to the Internet and an active email address for day and evening communications with this brokerage firm. The deadline for registering for the NaviSite Directed Share Program is Monday, September 13, 1999.
Eligible CMGI shareholders that previously registered, opened an account and placed a conditional offer for the Engage Technologies Directed Share Program, but did not receive an allocation due to their failure to re-confirm their conditional offer, will be given first priority in the allocation of shares in the NaviSite Directed Share Program and may utilize the accounts that they established in connection with the Engage Technologies Directed Share Program. The remaining shares in the NaviSite Directed Share Program will be allocated among all other eligible CMGI shareholders and, in the event that the NaviSite Directed Share Program is oversubscribed, participants will be selected utilizing a random number generator from among these eligible CMGI shareholders.
Detailed instructions and Frequently Asked Questions regarding the NaviSite, Inc. Directed Share Program may be found at affinity.witcapital.com or on the CMGI web site at cmgi.com.
About CMGI
A recognized leader in the Internet economy, CMGI, Inc. (Nasdaq:CMGI) has built a substantial base of Internet operating companies and, through its @Ventures affiliates, has invested in a growing portfolio 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, Sumitomo and Compaq hold minority positions in CMGI.
CMGI's majority-owned subsidiaries include Engage Technologies (Nasdaq: ENGA), Activerse, Adsmart, AltaVista, iCAST, Magnitude Network, NaviSite, NaviNet, Planet Direct and ZineZone. The company's @Ventures affiliates have ownership interests in Lycos, Inc. (Nasdaq: LCOS), Critical Path (Nasdaq: CPTH), Silknet (Nasdaq: SILK), Chemdex (Nasdaq: CMDX), Advoco.com, Ancestry.com, Asimba, AuctionWatch, Aureate Media, blaxxun, BizBuyer.com, buyingedge.com, CarParts.com, eCircles.com, Furniture.com, HotLinks, Intelligent/Digital, KOZ.com, MotherNature.com, NextMonet.com, NextPlanetOver.com, OneCore.com, ONElist, 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 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 at cmgi.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding CMGI, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the CMGI Annual Report or Form 10-K for the most recently ended fiscal year.
CONTACT:
CMGI, Inc.
Catherine Taylor, (978) 684-3832
Director of Investor Relations
IR@cmgi.com
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