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Technology Stocks : VerticalNet, Inc. [VERT] -- Ignore unavailable to you. Want to Upgrade?

To: Sarkie who wrote (898)	6/21/2000 6:05:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 1094

Howard D. Ross Joins VerticalNet Board of Directors ================================================================ HORSHAM, Pa.--(BUSINESS WIRE)--June 21, 2000--VerticalNet, Inc. (NASDAQ:VERT), the Internet's leading global network of industrial trading communities, announced today that Howard D. Ross, a founder of and partner in LLR Equity Partners, L.P., a $260 million venture capital fund, has been appointed to the Company's Board of Directors and named Chairman of the Audit Committee. Prior to his association with LLR, Mr. Ross was a partner at Arthur Andersen LLP, where he was in charge of its Growth Company Practice in the greater Philadelphia marketplace. "Howard Ross brings tremendous wisdom to our board, where his role as an independent director and Chairman of the Audit Committee will underscore our Company's commitment to good corporate governance," said Mark Walsh, President and CEO of VerticalNet. "His vast experience with hypergrowth situations will be invaluable as VerticalNet continues its rapid expansion into global exchanges with accompanying revenue growth and the attainment of positive cash earnings over the next few quarters." Ross holds a B.S. degree in economics from the Wharton School of the University of Pennsylvania, where he graduated summa cum laude. He is a certified public accountant, is a member of the AICPA and PICPA and serves on the board of directors of the Wharton Entrepreneurial Center and the Agenda for Excellence Council of the University of Pennsylvania. Ross also currently serves on the boards of Crothall Services Group, Inc., Premier Research Worldwide, Ltd., eResearchTechnology, Inc. and Omnient Corporation. About VerticalNet, Inc. VerticalNet, Inc. (www.verticalnet.com) owns and operates 56 industry-specific Web sites designed as online business-to-business communities, known as vertical trade communities. These vertical trade communities provide users with comprehensive sources of information, interaction and e-commerce. They are grouped into the following industry sectors: COMMUNICATIONS, ENERGY, ENVIRONMENT/UTILITIES, FINANCIAL SERVICE, FOOD/PACKAGING, FOODSERVICE/HOSPITALITY, HEALTHCARE, HIGH TECH, INDUSTRIAL, MANUFACTURING/DISCRETE, MANUFACTURING/PROCESS, PUBLIC SECTOR, SCIENCE and SERVICES. Additionally, VerticalNet provides auctions, catalogs, bookstores, career services and other e-commerce capabilities horizontally across its communities with sites like Industry Deals.com, IT CareerHub.com, LabX.com and Professional Store.com. VerticalNet's NECX(R) Exchange provides an exchange for the electronic components industry. Through Tradeum technology and strategic alliances, VerticalNet is focused on providing comprehensive end-to-end e-commerce solutions. CONTACT: VerticalNet, Inc. Muriel Lange, Director of Investor Relations 215/315-3367 mlange@verticalnet.com or Peppercom media inquiries: Peter Harris, 212/931-6112 pharris@peppercom.com KEYWORD: PENNSYLVANIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE 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 Copyright 2000, Business Wire ================================================================