Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Retired41 who wrote (6449)	1/29/1999 12:43:00 PM
From: E. M. Edds	Read Replies (1) \| Respond to of 18998

To: E. M. Edds (268 ) From: Thu Ra Tin Friday, Jan 29 1999 12:22PM ET Reply # of 270 CGCOC news just in. Another CMOZ. News not out on Yahoo yet. January 29, 1999 12:05 Commerce Group Corp. Subsidiary Plans New Web Portal To Model Go2Net Strategy And Invites Web Sites To Participate In Acquisition Program Jump to first matched term MILWAUKEE--(BUSINESS WIRE)--Jan. 29, 1999--Commerce Group Corp. (Nasdaq: CGCOC and Boston Exchange: CMG) Friday announced that its subsidiary, Ecomm Group Inc., is currently planning to consolidate niche Web sites into a new Web portal. Ecomm believes that a significant opportunity exists to develop and consolidate certain fragmented niches of the Internet community into a Web portal. An Internet portal is a hub or gateway to the Internet, such as Excite (Nasdaq:XCIT), Lycos (Nasdaq:LCOS), Go2Net (Nasdaq:GNET), and Infoseek (Nasdaq:SEEK), that provides many services and features for its visitors. Because the Internet is growing so rapidly, specialized or niche portals are being developed as the hubs or gateways to the Internet for groups of individuals with specific interests. For example, iVillage and Women.com are Internet portals for women, c\|Net (Nasdaq:CNET) and ZDNet (NYSE:ZD) are Internet portals for computers and technology, and MecklerMedia's (Nasdaq:MECK) Internet.com is a portal to the Internet for Internet technology and business. Ecomm's new Web portal will provide a full range of the Web's most popular services. These services include free Web-based e-mail similar to HotMail (Nasdaq:MSFT), free Web page communities similar to GeoCities (Nasdaq:GCTY), chat communities similar to TalkCity, auctions similar to e-Bay (Nasdaq:EBAY) and uBid (Nasdaq:UBID), targeted advertising similar to DoubleClick (Nasdaq:DCLK) and Flycast, instant messaging similar to America Online (NYSE: AOL), a personalized start page similar to Netscape (Nasdaq:NSCP), product suggestion similar to Amazon.com (Nasdaq:AMZN), a topical Internet Directory similar to Yahoo (Nasdaq:YHOO), and e-commerce similar to OnSale (Nasdaq:ONSL) and Digital River (Nasdaq:DRIV). Ecomm seeks to acquire niche Internet Web sites which provide: -- An Interactive online environment in which content is updated frequently and visitors are active participants, interacting with both users and one another; -- Content that captures and retains visitors' interest by entertaining, providing varying perspectives and encouraging users to participate or take action on the information provided; -- Ease of use of the Internet site through its design, communication and navigation features and tools; and advertising and sponsorship opportunities through an approach combining brand integration, animated advertising, product promotion and content area sponsorship. Ecomm invites Internet companies to participate in its acquisition program by calling 949/442-8919. Statements in this release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, including without limitation, continued acceptance of the company's services, increased levels of competition for the company, and dependence on the performance of the management of the company. CONTACT: Commerce Group Corp., Milwaukee 414/462-5310