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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: ALTERN8 who wrote (17567)	12/6/1999 3:46:00 PM
From: ALTERN8	Respond to of 29970

Excite@Home Makes Investment in iBelay.com REDWOOD CITY, Calif., Dec. 6 /PRNewswire/ -- Excite@Home (Nasdaq: ATHM - news) today announced a minority investment in iBelay.com, a newly formed Colorado-based early-stage Internet accelerator started by Pete Estler. Estler, the former CEO and founder of MatchLogic, the integrated digital marketing solutions subsidiary of Excite@Home, will resign from Excite@Home to run iBelay.com's $100 million fund. George Bell, president of Excite@Home, was also named to iBelay.com's advisory board today. (Photo: NewsCom: newscom.com Charles Moldow, a founding team member of @Home, will continue to lead MatchLogic as senior vice president and general manager. Estler, who sold MatchLogic to Excite, Inc. in the first quarter of 1998 for $90 million, established iBelay.com to assist seed-stage Internet companies by providing scalable technology, engineering and business expertise. iBelay.com has invested in two Internet start-ups, NetLibrary and Epidemic Marketing. ``Our investment in iBelay will allow us to leverage Pete Estler's unmatched instinctual ability to find early stage companies focused on web-based direct marketing and ecommerce. iBelay will be a window for us into the world of emerging companies and will give us a head start in identifying promising new technology and strategic partners,' said Bell. ``We look forward to supporting Pete in his new venture as a financial backer and advisor.'