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To: esecurities(tm) who wrote (2159)	5/21/1999 5:23:00 PM
From: Martin101	Respond to of 2443

Interesting Press Release .... Is Net Shepherd the next idealab! company? NET SHEPHERD AND IDEALAB! ANNOUNCE SALE TO COMMERCIALIZE ANSWERS.COM ...New venture to capitalize on Net Shepherd's community technology CALGARY, May 20 /CNW/ - Net Shepherd Inc. (ASE: WEB), and idealab! announced today the signing of a Letter of Intent by which Net Shepherd will acquire 100% interest in Answers.com, currently operating from idealab!'s Pasadena, California headquarters. Answers.com will utilize 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 CEO 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, CEO 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. Net Shepherd Inc. is a world leader in Web-inspired commercial solutions for traditional and Internet businesses. The company offers a full line of services including Business Intelligence solutions, Collaboration Productivity Solutions, and E-Business Performance Solutions to companies worldwide. Additional information on Net Shepherd Inc. is available on the Net at www.netshepherd.com. Net Shepherd Inc. is traded on The Alberta Stock Exchange under the symbol WEB. ABOUT IDEALAB! 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 startup 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 located in historic Old Town Pasadena, California and draws many of its creative people from Caltech, the Art Center College of Design and Hollywood.