@Ventures Commits $11 Million to Gamers.com, the Ultimate Gaming Portal.BERKELEY and MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--Nov. 22,1999-- @Ventures to Fund Dennis Fong's Dynamic Gaming Community A gaming community is usually a group of like minded individuals working towards a goal (such as promoting fair play and team work) or supporting each other within games (usually online video games such as MMORPG's or FPS's) RTS(real time strategy) games are developing larger , a Comprehensive Online Resource for Gamers of Every Variety Gamers.com, the Internet's first gaming portal, has secured a commitment from @Ventures, the affiliated venture capital arm of CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq:CMGI), guaranteeing the site's $11 million initial round of financing. Executives at Gamers.com will use the infusion of capital to fund aggressive marketing and business development activities and to support the build-out of additional, user-requested site features and services. Developed by world-renowned gaming champion and GX Media Co-Founder Dennis Fong “Thresh” redirects here. For agricultural process, see Threshing. Dennis Fong (方鏞欽 born 1977), also known under the pseudonym Thresh, is a successful serial entrepreneur and celebrity in the gaming world. (a.k.a. `Thresh'), Gamers.com will revolutionize interaction and growth within the gaming community. The site launches today at http://www.gamers.com with a mission to bring the world of gaming together in one dynamic location, enhancing the way people access, share and use information about games of all types - from board and card games to online and console games
A console game is a form of interactive multimedia used for entertainment. . "The games industry is the fastest growing segment of the entertainment market and is projected to surpass the film industry in gross revenues this year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Interactive Digital Software Association and the LA Times. Gamers.com is poised to exploit that market with a dynamic community and interactive portal concept where gamers call the shots," said Jon Callaghan, General Partner with @Ventures. "Dennis Fong is a pro, he has a deep knowledge of the gaming market and he understands the passion and drive that a gamer needs to win. We look forward to working with him and the talented Gamers.com team to create the ultimate gamers' home on the Web." "As gamers, my team and I have been developing innovative gaming sites and communities for several years, but the time had come to branch out - with new partners and new funding -- to better support the gaming community and help it to grow and flourish worldwide."" said Dennis Fong, Founder and Chief Gamer, Gamers.com. "We're thrilled to join forces with CMGI and @Ventures. There are no partners who better understand the Internet marketplace See vertical portal and Web hub. and who can actively work with us to bring new thinking and new opportunity to the gaming community." About Dennis Fong Dennis Fong is recognized throughout the world as the best and most well known gamer in history. Playing under the online name of "Thresh thresh v. threshed, thresh·ing, thresh·es v.tr. 1. a. To beat the stems and husks of (grain or cereal plants) with a machine or flail to separate the grains or seeds from the straw. ," he has dominated every major national and international game tournament he has participated in since 1995 - he has never lost a tournament. About Gamers.com As the Internet's first integrated games and portal community, Gamers.com is the ultimate guide to the world of games and the ultimate home to the world of gamers. The site brings together the world of gaming in one dynamic location, enhancing the way people access information and communicate about games of all types - from board and card games to online and console games. Moderated and run by avid gamers, Gamers.com makes gamers the experts by allowing them to share their opinions and influence the site's content. The company received second-round funding from @Ventures, the affiliated venture capital arm of CMGI, Inc. (Nasdaq:CMGI). For more information, please visit us @ www.gamers.com. About @Ventures and CMGI With more than 50 companies, CMGI, Inc. (Nasdaq: CMGI) represents the largest, most diverse network of Internet companies in the world. This network includes both CMGI operating companies operating company A business that engages in transactions with outsiders. and a growing number of synergistic investments through its venture capital affiliate, @Ventures. CMGI leverages the technologies, content, and market reach of its extended family of companies to foster rapid growth and industry leadership across its network, and the larger Internet Economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . Microsoft, Intel, Sumitomo and Compaq hold minority positions in CMGI. CMGI's majority-owned operating companies include Engage Technologies (Nasdaq:ENGA), NaviSite (Nasdaq:NAVI NAVI Nuclear Arms Verification Instrument NAVI New Analog Video Interface ), 1ClickBrands, 1stUp.com, Activate.net, Activerse, Adsmart, AltaVista, iCAST, Magnitude Network, MyWay.com, NaviNet, SalesLink and ZineZone. The company's @Ventures affiliates have ownership interests in Lycos, Inc. (Nasdaq:LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), Critical Path (Nasdaq:CPTH), Silknet (Nasdaq:SILK), Chemdex (Nasdaq:CMDX), Ancestry.com, Asimba.com, AuctionWatch.com, Aureate au·re·ate adj. 1. Of a golden color; gilded. 2. Inflated and pompous in style. [Middle English aureat, from Late Latin aure Media, blaxxun, BizBuyer.com, Boatscape.com, buyingedge.com, CarParts.com, CraftShop.com, eCircles.com, EXP.com, FindLaw, Furniture.com, HotLinks, INPHO/HomePriceCheck.com, Intelligent/Digital, KOZ.com, Mondera.com, MotherNature.com, NextMonet.com, NextPlanetOver.com, OneCore.com, ONElist, PlanetOutdoors.com, Productopia, Raging Bull, Speech Machines, ThingWorld.com, Vicinity, Virtual Ink, Visto, Vstore and WebCT. CMGI Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. Additional information is available on the company's Web site at http://www.cmgi.com. |
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