02/16 05:16
NEW YORK and SEATTLE--(BUSINESS WIRE)--Feb. 16, 2000--The Carson Group, one of the world's foremost financial
information services companies, and Activate.net, a majority-owned operating company of CMGI, Inc. (NASDAQ: CMGI) today announced a strategic
alliance to deliver streaming media Internet roadshows.
Through this relationship, Activate.net will work with Carson to provide Internet broadcasting and related services to the financial community for live and
on-demand viewing of Initial Public Offering (IPO) and follow-on roadshows.
This agreement brings together two companies that fully understand the needs of the financial community. The Carson Group is associated with every
major underwriting firm on Wall Street and in the global markets. Activate.net has several years of experience streaming various corporate content,
including investor briefings and more than 2000 earnings calls each quarter.
This agreement comes on the heels of Activate.net becoming the first streaming media company to receive a no-action letter from the SEC permitting live
transmissions of IPO roadshows.
"This alliance provides a great opportunity to reach new audiences and generate interest from potential investors," said Jeff Schrock, CEO and co-founder
of Activate.net. "The Carson Group, with their strong ties to the financial community and superior knowledge of securities underwriting and technology,
was in the forefront of companies we wanted to work with to deliver one-to-many communications to this fast-growing market segment. Activate is very
excited about moving forward with this relationship."
Virtually every major underwriting firm on Wall Street and in the global markets engages the Carson Group's Investment Banking Services Division. Last
year they were actively involved in over 600 IPOs and follow-on offerings, providing market intelligence and transaction support services.
"The power of the Internet is invading every aspect of our lives," says Scott Ganeles, president of The Carson Group. "It's only fitting that Wall Street,
who has helped finance this revolution, is now turning the tables and harnessing this same technology to create better, faster, more efficient ways for
companies to raise capital and communicate critical information to their key audiences."
Demand for streaming media isn't exclusive to IPOs. With over 500 public corporation clients, including half the S&P 500, Carson is also witnessing
increased demand from well-established companies for a variety of business-to-business broadcast services.
As a result, this alliance will also offer other audio and video streaming products for the financial and investor relations community, such as conference
calls, shareholder meetings, analyst conferences and special announcements.
"Offering streaming media services is a logical extension of the client-centric work we are currently doing," said Ed Vincent, Managing Director and Head
of Carson's Investment Banking Services. "The market is demanding these types of services, and through our alliance with Activate, we are now able to
provide an unparalleled level of advanced broadcasting expertise and network infrastructure needed to deploy this technology to large, online
communities."
About The Carson Group
The Carson Group provides information and advisory services relating to security ownership and market activity to publicly traded companies and financial
institutions worldwide.
With offices in New York, San Francisco, Chicago London, Paris and Brussels, and a professional staff of over 300 analysts, researchers and technology
professionals, Carson's more than 500-company client roster includes half the Dow 30.
A large number of the world's most-distinguished investment banks and other top financial professionals trust Carson's GEO (Global Equities Online)
shareholder database on over 60,000 securities worldwide, along with mission-critical decision-making software, for around-the-clock banking and trading
activities.
Carson's Internet Technology Group is a leading authority in developing and operating Web-based financial information applications, like www.ADR.com,
a public Website sponsored by JP Morgan. For more information, visit the Carson Website at www.carsongroup.com or call 212/581-4000.
About Activate.net
Activate.net Corp. is a leading provider of Internet-based corporate communications, providing advanced broadcasting services, technology and network
infrastructure to deploy audio and video to large, on-line communities.
Among its innovations are the Activate Broadcast Network, SwitchBoard--the first application to extend conference calls to the Internet--and production of
secure, pay-per-view business broadcasts. Major clients include Microsoft, Dell, Unocal, AIMR, TicketMaster Online-CitySearch, Rivals.com and Radio
Free Europe.
Activate.net is a majority-owned operating company of CMGI, Inc. Its headquarters and operational facilities are based in Seattle, Wash. For more
information about the company or its services, please visit www.activate.net or call 206/830-5300. In Canada, call Activate.net Canada in Toronto at
416/642-5202. |
