Go2Net Licenses Silicon Investor Message Board Technology to Bloomberg; Brings Message Boards to Bloomberg's 300,000 Professional(R) Users Worldwide
SEATTLE and NEW YORK, Aug. 28 /PRNewswire/ -- Go2Net, Inc. (Nasdaq: GNET), one of the Internet's leading providers of applications and technologies, and Bloomberg L.P., a global, multi-media based distributor of information services, today announced a technology licensing agreement in which Go2Net will deliver a private-label version of its popular Silicon Investor (http://www.siliconinvestor.com/) financial message boards to the more than 300,000 financial professionals who use the Bloomberg Professional(R) systems worldwide.
Under the terms of today's agreement, all Bloomberg Professional(R) users will receive premium memberships to Silicon Investor, the Internet's premier personal finance discussion and information community. Using Go2Net's technology infrastructure, they will be able to view and post messages on a private-label version of Silicon Investor directly from their Bloomberg terminals. Bloomberg users will read and post to a message board community that will include Silicon Investor's base of more than two million users per month, as well as the Bloomberg users, so the community will have critical mass from day one.
They will also have access to Silicon Investor's searchable base of more than 14 million messages posted to-date by its users. By employing a model in which only subscribers are allowed to post messages, Silicon Investor is home to the Internet's highest-quality financial discussion, in addition to offering Go2Net's message board technology, one of the most flexible and scalable discussion platforms on the Web. The private-label discussion boards will be available within 60 days.
"We're very pleased to extend Go2Net's industry-leading message-board technology directly to the hundreds of thousands of investment professionals internationally who comprise the Bloomberg subscriber base," said Russell C. Horowitz, Go2Net Chairman and Chief Executive Officer. "Moving forward, we will continue to aggressively develop additional global distribution opportunities with the highest quality partners in narrowband, broadband, and wireless for our technology platforms."
"Bloomberg is always looking to add differential elements to our Professional(R) services, and we feel that Go2Net's message board technology infrastructure will add considerable value to our users' experience," said Michael R. Bloomberg, CEO and founder of Bloomberg L.P.
About Bloomberg L.P.
Bloomberg L.P. is a global, multi-media based distributor of information services, combining news, data and analysis for financial markets and businesses. Bloomberg provides real-time pricing, historical pricing, indicative data, analytics and electronic communications 24 hours a day through 140,000 BLOOMBERG Professional(R) systems used by over 300,000 financial professionals in 100 countries. Bloomberg media includes television, radio, publishing and Internet Operations worldwide.
About Go2Net, Inc.
Go2Net (http://www.go2net.com/) is one of the Internet's leading providers of Internet applications and infrastructure technologies for both narrowband and broadband devices. Go2Net licenses its applications and technologies to strategic partners such as Hasbro, National Discount Brokers, Allegiance Telecom and Digeo Broadband, a joint venture among Go2Net, Charter Communications and Vulcan Ventures. The company's HyperMart Network offers small business hosting and e-commerce solutions to more than one million members worldwide, while Go2Net's Authorize.Net payment-processing platform enables more than 80,000 merchants to securely process transactions online. The Go2Net Network features MetaCrawler, Silicon Investor, the HyperMart Network, PlaySite, Dogpile, and 100Hot.
On July 26, 2000, Go2Net signed a definitive agreement to merge with InfoSpace (Nasdaq: INSP), a leading global provider of cross-platform merchant and consumer infrastructure services.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the company's ability to grow its user and advertiser base. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the competitive environment in which the company competes, the early stage of the Web as an advertising and electronic commerce medium, the company's dependence on advertising, sponsorship and commerce revenues, the company's dependence on strategic relationships to drive traffic to its Web sites, consumer acceptance of the company's new products and services, the company's ability to develop and integrate new technologies and services into its existing services and into new platforms, such as broadband, and the increased use of the Web for commerce. More information about the potential factors that could affect the company's business and financial results is included in the company's Annual Report on Form 10-K for the year ended September 30, 1999, and the Quarterly Reports on Form 10-Q for the quarters ended December 31, 1999, March 31, 2000, and June 30, 2000, which are on file with the Securities and Exchange Commission.
For more information, please contact: Mark S. Peterson, Vice President of Public Relations of Go2Net, Inc., 206-357-4200, mark@go2net.com; or Chris Taylor of Bloomberg L.P., 212-318-2660, taylorc@bloomberg.net.
SOURCE Go2Net, Inc.
/CONTACT: Mark S. Peterson, Vice President of Public Relations of Go2Net,
Inc., 206-357-4200, mark@go2net.com; or Chris Taylor of Bloomberg L.P.,
212-318-2660, taylorc@bloomberg.net/
/Web site: siliconinvestor.com
/Web site: go2net.com
(GNET INSP)
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