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Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?

To: still learning who wrote (1484)	7/7/1998 4:12:00 PM
From: still learning	Respond to of 4467

Yet another new one -- this from Enertech Tuesday July 7, 1:28 pm Eastern Time Company Press Release EnerTech Capital Partners Announces Investment Into VerticalNet Inc. WAYNE, Pa.--(BUSINESS WIRE)--July 7, 1998--EnerTech is pleased to announce that the partnership has made an equity investment of $2,000,000 into VerticalNet Inc. located in Horsham, Pa. Formed in September of 1996, VerticalNet is a media company focused on the business-to-business, Internet-based market. VerticalNet develops ''trade communities'' within narrowly focused business niches such as power, water pollution and chemical processing. The verticals provide community forums where professionals exchange information, discuss and learn about the latest industry and product trends, and foster a focused environment for buyers and sellers to communicate and engage in commerce. The Company has more than 15 verticals and over 600 ''store fronts'' for its client companies. VerticalNet's communities have the power to unite buyers and sellers from around the world because the web sites cater to individuals with similar professional interests. The trade communities provide a unique combination of trade services: content, community and commerce. Content includes product information, directories, classifieds, job listings, buyer's guides, editorials and news. David F. Lincoln, managing director of EnerTech, said: ''The Internet-based business-to-business market is growing at an incredible pace. VerticalNet is the clear leader in their selected niches. We believe that their business model allows companies and professionals to focus on their discrete interests and to effectively build e-commerce relationships. ''In the dynamic and uncertain utility marketplace, there is an increasing need for focused access to technology, products and services specific to their engineering needs. VerticalNet understands this need and their inter-active communities provide cutting-edge resources and information and the forum for valuable dialogue and commerce.'' EnerTech Capital Partners was formed in August 1996 to invest in service and technology companies related to utilities and the broader energy and communications marketplace. EnerTech is a $50,000,000 partnership which is associated with Safeguard Scientifics (NYSE:SFE - news). For more information on VerticalNet, please contact Mark Walsh, president and CEO 215/328-6100 or visit www.verticalnet.com. For information on EnerTech Capital, please contact David Lincoln or Scott Ungerer, 610/254-4141 or visit our web page at www.enertechcapital.com. Contact: VerticalNet Mark Walsh, president and CEO, 215/328-6100 www.verticalnet.com or EnerTech Capital David Lincoln or Scott Ungerer, 610/254-4141 www.enertechcapital.com.