To: swisstrader who wrote (51713 ) 12/28/1999 9:26:00 AM From: Frederick Langford Respond to of 108040
INTM internet.com Venture Fund II Announces Investments in Taiwan and Latin American Internet Ventures Business & High Tech Editors DARIEN, Conn.--(BUSINESS WIRE)--Dec. 28, 1999--internet.com Venture Fund II, part of the affiliated venture arm of internet.com Corporation (Nasdaq: INTM), today announced the closing of investments in LatinVision.com and Taiwan-based Gourmetnet.com. The investments are part of internet.com Venture Fund II's expanding portfolio of early-stage investments in Internet content properties. internet.com Venture Fund I and II have invested in 22 Internet properties to date. LatinVision.com aims to be the leading Internet business network in Latin America. By utilizing the Internet, LatinVision.com helps to connect Latin American and U.S. businesses seeking to expand into these markets. Through its site, LatinVision.com provides access to local business directories, local news and information, business travel services as well as an e-commerce marketplace. LatinVision.com is published in English, Spanish and Portuguese. Gourmetnet.com is a leading Web site that offers comprehensive gourmet-related information for China. The content is dedicated to the gourmet lifestyle covering gourmet celebrities, restaurant information, reviews, recipes, wines and drinks and other related business-to-business and business-to-consumer e-commerce services and information. The site is in the Chinese language. "We believe LatinVision.com and Gourmetnet.com have the potential to be very significant Web plays in the international business-to-business and business-to-consumer Internet markets," said Alan M. Meckler. "internet.com, through our affiliated venture arm, will continue to seek out opportunities in early-stage vertical content Web sites that are well positioned for global growth." Gourmetnet.com is the first Taiwan investment for internet.com Venture Fund II. Other international investments for Fund II include the UK-based the-sticks.com and Jinvestor.com, a financial site based in Japan. internet.com Venture Fund I and Venture Fund II were formed to invest in early-stage online content providers serving targeted markets that follow the strategy of, but are not competitive to, internet.com. internet.com is the portfolio manager of internet.com Venture Fund I and II and is an investor in both funds. internet.com will continue to follow the path of CMGI (Nasdaq: CMGI) and Internet Capital Group (Nasdaq: ICGE) with the added benefit of being a public operating company in the Internet space that also extends value to its stockholders by having a an Internet venture capital arm. internet.com Corporation (http://www.internet.com) based in Darien, Connecticut, is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 89 Web sites, 71 e-mail newsletters, 101 online discussion forums and 75 moderated e-mail discussion lists with over 2 million unique visitors that generate more than 90 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now over 150 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Canada, China, France, Germany, Israel, Japan, South Africa and the United Kingdom. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding internet.com Corporation'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 internet.com's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward looking statements included herein are made as of the date of this press release, and internet.com assumes no obligation to update the forward looking statements after the date hereof. internet.com Corporation press releases can be found on the World Wide Web at <http://www.internet.com/corporate/press.html> --30--et/ny* CONTACT: Steve Rubel Schwartz Public Relations 212/677-8700 x23 steve.rubel@schwartzpr.com -or- Eileen Smith internet.com Corporation 203/662-2961 esmith@internet.com KEYWORD: CONNECTICUT INTERNATIONAL ASIA PACIFIC LATIN AMERICA INDUSTRY KEYWORD: E-COMMERCE INTERNET NETWORKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com