To: Jim Willie CB who wrote (40212 ) 9/15/1999 9:20:00 AM From: Mats Ericsson Respond to of 152472
This could be one Wireless Application too, here are we talkin web-calendar - wired... (Teared out yahoo - Puma - board) WASHINGTON, Sep 14, 1999 /PRNewswire via COMTEX/ -- New Horizons Venture Capital, a Washington, Dc-based private equity firm, has announced that it has invested additional funds in NetCalendar, Inc., which powers The Daily Drill(TM) in order to bring new enhancements to market. According to T.J. Jubeir, managing partner of the investment firm and also a director of NetCalendar' "NetCalendar and its partners have been busy all summer developing, in tandem with Puma Technology, the most advanced calendar syncing available. This is not beta, and it doesn't preclude sections of the calendar like other syncing software. It makes available all of your appointments, to-do's and everything you need -- including public event listings -right into your PDA, and it's now ready for roll-out in the October release."In addition, The Drill Team has incorporated Web-based e-mail, TV listings and completely new content into its October release. "Unlike the others', NetCalendar's business model uniquely couples the needs of the end users for highly customizable information with the needs of advertisers for targeted, actionable demographic data. That's why the company is growing so quickly," Mr. Jubeir contends. Launched in February 1999, NetCalendar, Inc.'s The Daily Drill(TM), currently in its fourth release, has emerged as the most advanced Web calendar available. Thousands of users nationwide already rely on The Daily Drill(TM) to organize their time, simultaneously track personal appointments in tandem with public events (filtered according to preference), track to-do lists, and share selected scheduling information with family, friends, co-workers, and colleagues. Mr. Jubeir adds, "New Horizons' investment in NetCalendar fits our strategy of seeking out companies with unique models that deliver high value-added, differentiated services while generating longer-term, sustainable earnings."The private equity firm launched two funds to focus on internet-related investments. Through New Horizons I, L.P., through which it made its investment in NetCalendar the firm focuses on smaller, early-stage investments of up to $2.0 million. The firm targets larger early- and mid-stage investments of up to $20.0 million through its New Horizons II, L.P.SOURCE New Horizons Venture Capital (C) 1999 PR Newswire. All rights reserved. Atop //ww~~:rnewswire.com -0- CONTACT: New Horizons Venture Capital, 202-463-8020