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Technology Stocks : NewsEdge (NEWZ = INDV + DTOP) -- Ignore unavailable to you. Want to Upgrade?

To: Ms. Baby Boomer who wrote (2316)	3/15/2000 3:02:00 PM
From: Roswell	Read Replies (1) \| Respond to of 2365

BURLINGTON, Mass.--(BUSINESS WIRE)--March 15, 2000--NewsEdge Corporation (NASDAQ:NEWZ) today announced that Cliff Pollan will succeed company founder Donald McLagan as Chief Executive Officer. Mr. Pollan, previously President and Chief Operating Officer for NewsEdge, also takes a seat on the company's Board of Directors. In addition, Basil Regan and Peter Woodward, both of the investment firm Regan Fund Management, were elected to the Board of Directors. In other changes, Rory Cowan, President and CEO of LionBridge and a current member of the NewsEdge Board, was appointed Chairman of the Board, and Board members June Rokoff and Ellen Carnahan have resigned along with McLagan. A third Board member representing Regan Fund Management will be nominated to an expanded Board, which will be proposed at the next annual meeting. "NewsEdge has a strong plan for accelerated growth and is in the capable hands of new leadership," said Mr. Regan, who prior to joining the Board of Directors was the largest institutional shareholder of NewsEdge stock. "The company's position as the leader of electronic business news is the perfect perch to rapidly execute its strategy for content-enabled Internet commerce." With more than 1,400 enterprise customers, NewsEdge is the leader in subscription-based news services for the business market. According to Mr. Pollan, the company's strengths in refining and personalizing content for use by individual knowledge workers are already creating demand among Global 5000 corporate extranets, portals, vortals, online publishers, B2B exchanges, and major e-tailers forming online commerce relationships with their customers. "We are taking serious aim at the projected $7 trillion B2B ecommerce market," said Mr. Pollan. "Our installed client base and businesses of every kind are going online with a vengeance, and they are all keenly interested in our content as a way to make their sites more transactional. We understand how content enables commerce, and that is going to be a powerful differentiator for us." "This push into e-content services and related infrastructure offerings leverages our core strengths and significant presence in the enterprise marketplace, while providing a platform for renewed growth." said Mr. Pollan. "In addition, we have significant financial resources in place to support this effort with over $20 million in cash as reported in our year end 1999 results. Those resources will be supplemented by the $10 million proceeds from the sale of Individual.com." "Over the last twelve years, NewsEdge has become the clear leader in news value for business," said Don McLagan, retiring Chairman and CEO. "Now is the time for me to transfer the leadership role to Cliff to take the organization into the enormous new opportunities of the B2B Internet economy." About NewsEdge Corporation NewsEdge Corporation is the leader in global news and current awareness solutions for business. The company's mission is to make news valuable for business by helping people find them most important, relevant stories from an overwhelming volume of daily news and enabling them to act on the most current information possible. NewsEdge's Enterprise unit services approximately 1,400 organizations, including 43 of Business Week's 50 largest global companies with award-winning news and information solutions including NewsEdge Insight, NewsEdge Live, and NewsEdge Review Topics. NewsEdge is headquartered in Burlington, Mass., with sales offices and distributors throughout North America, South America, Europe and Asia. --30--mp/bos* CONTACT: NewsEdge Corporation Mullen PR Ronald Benanto Gil Isenstein 781-229-3000 978-468-1155 gisenstein@mullen.com KEYWORD: MASSACHUSETTS INDUSTRY KEYWORD: INTERNET MANAGEMENT CHANGES Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com :TICKER: NEWZ Copyright (c) 2000 Business Wire