To: I Am John Galt who wrote (261 ) 6/7/1998 1:27:00 PM From: Joe Copia Read Replies (2) | Respond to of 385
biz.yahoo.com Friday June 5, 8:04 am Eastern Time Company Press Release 24/7 Media, Inc. Files for Initial Public Offering NEW YORK--(BUSINESS WIRE)--June 5, 1998--24/7 Media, Inc. today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Common Stock. 24/7 Media, Inc. provides Internet advertising solutions for advertisers and Web publishers. The company operates the 24/7 Network of over 80 high-profile Web sites, the ContentZone network of over 2,000 small to medium-sized Web sites, and the CLIQNOW! network of over 75 medium to large Web sites. In addition, 24/7 Media licenses its underlying Adfinity(tm) ad-serving technology to independent Web sites. The terms of the public offering have not yet been disclosed and offers will only be made by prospectus. The public offering is being managed by an underwriting group led by Merrill Lynch & Co.; J.P. Morgan & Co. and Allen & Company Incorporated are co-managers of the offering. A registration statement on Form S-1 relating to the Common Stock has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may any offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Common Stock, nor shall there be any sale of the Common Stock in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the Common Stock under the securities laws of any such state. Joe PTG&LI !!!