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Strategies & Market Trends : STEAMROLLER'S DAYTRADES -- Ignore unavailable to you. Want to Upgrade?

To: STEAMROLLER who wrote (173)	8/14/1998 8:15:00 AM
From: STEAMROLLER	Read Replies (1) \| Respond to of 1561

24/7 Media, Inc. Announces Initial Public Offering Business Wire - August 14, 1998 08:14 NEW YORK--(BUSINESS WIRE)--Aug. 14, 1998--24/7 Media, Inc. announced today an initial public offering of its common stock on the Nasdaq National Market under the trading symbol TFSM. 24/7 Media is selling 3,250,000 shares at $14.00 per share. The managing underwriting group is led by Merrill Lynch & Co.; J.P. Morgan & Co. and Allen & Company Incorporated are co-managers of the offering. The Company is an Internet advertising firm that sells advertising and promotions for Web sites. In particular, the Company operates the 24/7 Network, a network of over 85 high profile Web sites; CLIQNOW!, a network of over 75 medium to large-sized Web sites; and the ContentZone network of over 2,000 small to medium-sized Web sites. In addition, 24/7 Media licenses its Adfinity(TM) advertising management system to independent Web sites to manage and serve high-volume Internet advertising and direct marketing campaigns. The Company also markets its dbCommerce(TM) software to Web commerce companies to enable the delivery of targeted promotions. A copy of the Prospectus relating to the offering may be obtained from Merrill Lynch, Pierce Fenner & Smith Incorporated, 44 B Colonial Drive, Piscataway, New Jersey 08854, Attn: Final Prospectus Department. This press release does not constitute an offer to sell or the solicitation of an offer to buy common stock of the Company, nor shall there be any sale of common stock of the Company in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of common stock of the Company under the securities laws of any such state. SR