24/7 Media, Inc. Announces Initial Public Offering.NEW YORK--(BUSINESS WIRE)--Aug. 14, 1998--24/7 Media, Inc. announced today an initial public offering of its common stock on the Nasdaq National Market under the trading symbol Trading symbol See: Ticker symbol TFSM. 24/7 Media is selling 3,250,000 shares at $14.00 per share. The managing underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. group is led by Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co.; J.P. Morgan & Co. and Allen & Company Incorporated are co-managers of the offering. The Company is an Internet advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads. firm that sells advertising and promotions for Web sites. In particular, the Company operates the 24/7 Network, a network of over 85 high profile Web sites; CLIQNOW!, a network of over 75 medium to large-sized Web sites; and the ContentZone network of over 2,000 small to medium-sized Web sites. In addition, 24/7 Media licenses its Adfinity(TM) advertising management system to independent Web sites to manage and serve high-volume Internet advertising and direct marketing campaigns. The Company also markets its dbCommerce(TM) software to Web commerce companies to enable thedelivery of targeted promotions. A copy of the Prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering may be obtained from Merrill Lynch, Pierce Fenner & Smith Incorporated, 44 B Colonial Drive, Piscataway, New Jersey 08854, Attn: Final Prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. Department. This press release does not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy common stock of the Company, nor shall there be any sale of common stock of the Company in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of common stock of the Company under the securities laws of any such state. 24/7 Media, CLIQNOW!, ContentZone, Adfinity and dbCOMMERCE are trademarks of 24/7 Media, Inc.
CONTACT: 24/7 Media, Inc.
C. Andrew Johns
Chief Financial Officer
212/ 231-7108
ajohns@247media.com
or
Leslie Howard
Corporate Communications
212/231-7104
lhoward@247media.com
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