Go2Net Announces Payment Date for 2-for-1 Stock Split
PR Newswire - May 20, 1999 08:46
SEATTLE, May 20 /PRNewswire/ -- Go2Net, Inc. (Nasdaq: GNET), a network of branded, technology- and community-driven Web sites, today announced that the payment date for its 2-for-1 stock split will be June 24, pending approval by shareholders of an increase in the company's authorized common stock, at a meeting scheduled for June 17. On June 24, Go2Net shareholders will receive one additional share of Go2Net stock for every share they own. The date that the split-adjusted price will be reflected on Go2Net's Nasdaq price is the market open on June 25.
The stock split is designed to improve trading liquidity and broaden ownership of Go2Net's common shares.
About Go2Net, Inc.
Go2Net is a network of branded, technology- and community-driven Web sites focused on the following categories: personal finance, search, commerce, and games. The company also develops Web-related software. The Go2Net Network's properties include: Go2Net Personal ( go2net.com ), which provides users with a comprehensive Internet start page offering customizable news, discussion, and stock information, as well as direct access to Go2Net's own finance, search, free Web hosting, shopping and Java multiplayer game sites; Silicon Investor ( siliconinvestor.com ), the Web's premier financial discussion site; StockSite ( stocksite.com ), which offers proprietary articles, portfolio tracking tools, company research and news relating to business and finance; MetaCrawler ( metacrawler.com ), a metasearch service that combines various existing search/index guides into one service; 100hot ( 100hot.com ), the Internet's premier category-by-category ranking index of Web sites; HyperMart ( hypermart.net ), the Web's leading provider of free business hosting services; Haggle Online ( haggle.com ), one of the Web's premier person-to-person auction services; WebMarket ( webmarket.com ), a one-stop comparison shopping service; and PlaySite ( playsite.com ), the Web's premier Java-based multi-player games site. The company's Go2Net Labs division develops innovative technologies to enhance the features and functionality of the Go2Net sites and for licensing to other Internet companies.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the company's ability to grow its user and advertiser base. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the competitive environment in which the company competes, the early stage of the Web as an advertising and electronic commerce medium, the company's dependence on advertising and sponsorship revenues, the company's dependence on strategic relationships to drive traffic to its Web sites, consumer acceptance of the company's new products and services, the company's ability to develop and integrate new technologies and services into its existing services, and the increased use of the Web for commerce. More information about the potential factors that could affect the company's business and financial results is included in the company's Annual Report on Form 10-K for the year ended September 30, 1998 and Quarterly Reports on Form 10-Q for the quarters ended December 31, 1998 and March 31, 1999, which are on file with the Securities and Exchange Commission.
SOURCE Go2Net, Inc.
/CONTACT: Mark S. Peterson, Director of Public Relations of Go2Net, Inc.,
206-447-1595, or mark@go2net.com/
/Web site: go2net.com
(GNET)
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