24/7 Media, Inc. Files for Initial Public Offering.NEW YORK--(BUSINESS WIRE)--June 5, 1998--24/7 Media, Inc. today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its Common Stock. 24/7 Media, Inc. provides 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. solutions for advertisers and Web publishers. The company operates the 24/7 Network of over 80 high-profile Web sites, the ContentZone network of over 2,000 small to medium-sized Web sites, and the CLIQNOW! network of over 75 medium to large Web sites. In addition, 24/7 Media licenses its underlying Adfinity(tm) ad-serving technology to independent Web sites. The terms of the public offering have not yet been disclosed and offers will only be made by prospectus. The public offering is being managed by an 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 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. A registration statement on Form S-1 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Common Stock has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may any offers to buy be accepted prior to the time the registration statement becomes effective. 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 the Common Stock, nor shall there be any sale of the Common Stock in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification of the Common Stock under the securities laws of any such state. CONTACT: Christian Harper Leslie Howard Noun 1. Leslie Howard - English actor of stage and screen (1893-1943) Howard, Leslie Howard Stainer Connors Communications 24/7 Media, Inc. 212-807-7500 212-603-5384 christian@connors.com lhoward@247media.com |
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