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Non-Tech : The WOLF PACK -- Ignore unavailable to you. Want to Upgrade?

To: Spark who wrote (732)	5/23/1999 2:15:00 PM
From: Spark	Respond to of 1692

This might help also..LOL Net Shepherd Inc - Net Shepherd to acquire Answers.com Net Shepherd Inc WEBShares issued 25,778,2231999-05-19 close $4.5Thursday May 20 1999Mr. Don Sandford reports Net Shepherd Inc. and idealab! have signed a letter of intent by which Net Shepherd will acquire 100 per cent interest in Answers.com, currently operating from idealab!'s Pasadena, Calif., headquarters. Answers.com will use Net Shepherd's community technology to employ people's talents on the Internet to provide answers to questions in a wide range of business and consumer applications. Net Shepherd will acquire its interest in Answers.com by issuing 400,000 shares of Net Shepherd stock to idealab! Bill Fogg will take over as the chief executive officer of Answers.com and will lead the development of the entity. Bill Gross, chairman and founder of idealab! said: "The community management technology of Net Shepherd will add substantial value to Answers.com. The technology will improve the quality and speed of the service while reducing the cost of the responses generated." Don Sandford, chief executive officer of Net Shepherd, added, "Working together, the two entities will make this venture a high-growth business and service that will lead the world in providing high-quality responses for both the consumer and business markets." The two entities plan to formalize an agreement in the next 60 days. Idealab! is an integrated incubator for starting and growing Internet businesses. Founded in March of 1996, the company has more than 20 businesses in various stages of development. In addition to seed capital, idealab! provides creative capital resources to infuse start-up companies with the development strategies and financial support needed to rapidly introduce innovative products and services. Idealab! itself currently employs just 25 people, while idealab! companies employ more than 1000. Idealab! Is in historic Old Town Pasadena, Calif., and draws many of its creative people from Caltech, the Art Center College of Design and Hollywood. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)