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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (52118)	12/28/1999 12:56:00 PM
From: Mandalou	Read Replies (2) \| Respond to of 108040

Kim, IGLD published that in october Wednesday October 6, 9:25 am Eastern Time Company Press Release SOURCE: Internet Gold Internet Gold Enters Into Portal Agreement with Microsoft for Hebrew Web Search Service ROSH HAAIN, Israel, Oct. 6 /PRNewswire/ -- Internet Gold (Nasdaq: IGLD - news), a leading internet service provider in Israel, today announced that it has signed a portal agreement with Microsoft Corp. according to which both companies will initiate a Hebrew language web search service. In addition to the portal both companies are contemplating establishing a joint venture to run this site. The parties are planning to execute the joint venture through the formation of a joint limited company with equity split of 50.1 percent to Internet Gold and 49.9 percent to Microsoft Corp. It is contemplated that Internet Gold will finance the activities of the joint venture.