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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: The O who wrote (14851)	12/15/1999 9:03:00 AM
From: yzfool	Read Replies (2) \| Respond to of 28311

Its reveNEWS! yz

To: The O who wrote (14851)	12/15/1999 10:23:00 AM
From: Sarkie	Respond to of 28311

Great News!!!!! "Games.com will be the ultimate online gaming experience as we roll out the world's favorite games to the Internet," said Alan G. Hassenfeld, Chairman and CEO of Hasbro. "In addition, our relationship with Go2Net will ensure that Games.com delivers all of the benefits of sophisticated technology in an easy-to-use, friendly interface." "This collaboration is the first of its kind in the Internet gaming sector, leveraging Go2Net's software platform to deliver Hasbro's unmatched portfolio of branded games to the millions of people who play games online and who will ultimately access this content in broadband environments," said Russell C. Horowitz, Go2Net Chairman and CEO. "We are confident that Hasbro's games will become the most popular on the Web and are pleased to have the opportunity to offer Hasbro's games on The Go2Net Network. We look forward to working further with Hasbro in developing the Internet's definitive game offerings." Hasbro and Go2Net expect to sign a definitive agreement during the first quarter of 2000, giving Hasbro access to leading edge technology. Go2Net will provide technology and engineering support to build out the site, plus software for community monitoring and management, chat features, and message boards. In addition, Hasbro would gain access to all the public domain games currently offered on, or being developed for, Go2Net's PlaySite , including chess, backgammon, solitaire, and spades. Games.com will include three primary revenue sources, generating income via advertising, a Games.com store, and premium subscription services on the site. Hasbro and Go2Net will each share in the revenue generated from the sale of advertising and sponsorship. Go2Net will also receive fees for Games.com e-commerce transactions originating from Go2Net. Go2Net will receive from Hasbro a $7.5 million fee for the license and access to Hasbro's most popular games for a licensed, co-branded Games.com offering on PlaySite. Separately, Hasbro and Go2Net will enter into a three-year development and service agreement to collaborate in the development and operation of Games.com. During 2000, Hasbro expects to spend approximately $60 million to develop and launch Games.com.