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To: JEB who wrote (41165)	1/8/1999 6:24:00 PM
From: Norm Demers	Read Replies (1) \| Respond to of 119973

OMKT news: Company Press Release SOURCE: Open Market, Inc. Open Market Enters Into Strategic Partnership With iBelong Networks, Inc. BURLINGTON, Mass., Jan. 8 /PRNewswire/ -- Open Market, Inc. (Nasdaq: OMKT - news), a leading provider of Internet commerce and information publishing software, today announced that it has signed a letter of intent with iBelong Networks, Inc. to form a strategic partnership. Under the terms of the LOI, iBelong Networks will utilize Open Market's technology as the platform for its services for non-profit organizations. Additionally, both Open Market and iBelong Networks will co-market the services. iBelong Networks is a start-up venture that will target non-profit associations who are looking to create destination sites on the Web. iBelong Networks seeks to build an Internet-based network to offer a suite of complimentary services to these organizations. As part of its strategy to reach these organizations, iBelong Networks has an exclusive partnership with KFS that provides commercial services such as affinity-based credit cards to over 4000 non-profit organizations. iBelong Networks was started by Shikhar Ghosh, who also co-founded Open Market and continues as the Chairman of Open Market's board of directors. In order to devote more attention to iBelong Networks during its start-up phase, Mr. Ghosh has relinquished his role as an Open Market employee. According to Shikhar Ghosh, ''As an early participant in the Internet commerce arena, I have witnessed the transformation of businesses from simply using the Web for marketing purposes to taking full advantage of the medium to conduct real business. At Open Market, we developed the software that enables companies to totally transform the way they do business. I'm excited about putting this infrastructure into motion for the thousands of non-profit organizations.'' More About Open Market Founded in 1994, Open Market, Inc. (Nasdaq: OMKT - news) is the market-share leader in Internet commerce software. Open Market's high-performance application software products and professional services allow its customers to engage in business-to-consumer and business-to-business Internet commerce, information commerce, and commercial publishing. Among Open Market's distinguished roster of global customers are 7 of the 15 top domains on the Web, including Time Warner Pathfinder.com, major industrials such as Ingram Micro and Acer, more than 700 publishers including the top 10 commercial publishers, and 11 of 14 of the world's top national telephone companies. The company, headquartered in Burlington, Massachusetts, with offices in Japan, Canada, the UK, France, Germany, The Netherlands, Italy, and Australia can be reached by calling 1-888-OPEN.MKT or by visiting openmarket.com. This news release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the company's limited operating history, delays in product development, development of the Internet market, changes in product pricing policies, competitive pressures, and the risk factors detailed from time to time in the company's periodic reports and registration statements filed with the Securities and Exchange Commission. Open Market, Transact, LiveCommerce, and We ARE Internet Commerce are trademarks or registered trademarks of Open Market, Inc. in the United States and other countries. All other names are used for identification purposes only and may be trademarks of their respective owners. SOURCE: Open Market, Inc. More Quotes and News: Open Market Inc (Nasdaq:OMKT - news) Related News Categories: computers, education, internet, ISDEX, software