Last:
CMGI:
Wednesday March 17, 4:54 pm Eastern Time
Company Press Release
CMGI Announces Two-For-One
Stock Split
ANDOVER, Mass.--(BUSINESS WIRE)--March 17, 1999--CMGI, Inc. (Nasdaq:CMGI -
news) today announced that the Company's Board of Directors has approved a two-for-one
common stock split. The stock split is subject to the approval of CMGI shareholders, who must
approve an amendment to the Company's Certificate of Incorporation to increase the Company's
authorized Common Stock, permitting consummation of this split. Subject to such approval,
shareholders will receive one additional common share for every share held on the record date of
May 13, 1999.
As of January 31, 1999, CMGI had approximately 46.7 million common shares outstanding. Upon
completion of the split, the number will increase to approximately 93.4 million. Stock certificates
will be distributed on or about May 27, 1999.
About CMGI
A recognized leader in the Internet arena, CMGI (Nasdaq:CMGI - news) has built a sizeable base
of Internet operating companies and, through its @Ventures affiliate, a large number of related and
synergistic Internet investments, using the businesses and technologies of these units to enhance the
value of its core operating companies. This unique method of creating equity for its shareholders is
what CMGI calls ''creating net value.'' Microsoft, Intel and Sumitomo hold minority positions in
CMGI.
The CMGI Internet Group consists of its majority-owned subsidiary companies Activerse,
ADSmart, Engage Technologies, NaviSite, NaviNet, Planet Direct, Magnitude Network and
ZineZone.
The Company's @Ventures affiliates have ownership interests in Lycos, Inc. (Nasdaq:LCOS -
news), blaxxun, GeoCities (Nasdaq:GCTY - news), Vicinity, ThingWorld.com, KOZ, Silknet,
Chemdex, Speech Machines, Softway Systems, TicketsLive, Critical Path, MotherNature.com,
Raging Bull, Universal Learning Technology, Visto, Virtual Ink, Ancestry.com, ONElist,
Furniture.com, OneCore Financial Network, Asimba and eCircles.com. CMGI also includes
CMG Direct, SalesLink, InSolutions and On-Demand Solutions as majority-owned subsidiaries in
the direct marketing, fulfillment and turnkey arenas.
Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone:
978-684-3600. Fax: 978-684-3814. Additional information is available on the company's Web
site cmgi.com
|
