B2B Exchange Site Gofish.com Secures $12 Million From CMGI @Ventures to Complete $32 Million Series B Financing.Business and Technology Editors PORTLAND, Maine/ANDOVER, Mass--(BUSINESS WIRE)--March 6, 2000 Internet's First Seafood Market-Maker Carves Out Early Leadership Position; Closes More Than $41 Million in Funding During First Six Months of Operations Gofish.com, the Internet 's first and largest business-to-business exchange site operating in the seafood Industry, has secured $12 million in funding from CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) @Ventures, the venture capital affiliate of CMGI, Inc., (Nasdaq: CMGI). This capital from CMGI @Ventures' $1 billion B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business fund brings Gofish's Series-B funding to a total of $32.1 million. As announced on February 14th, the initial Series-B installment of $20.1 million was provided by GE Equity and The CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously. Which past endurance sting the tender cit. - Emerson. Group, as well as from return Series-A investors, Bedrock Capital Partners, Diversified Business Communications, and individual investors. In total, the company has secured more than $41 million in venture funding to date. Gofish is a premier commerce and content destination for the seafood industry. The site allows importers, processors and distributors, as well as fishermen, grocers and restaurant owners, to log onto a computer to trade seafood online in a secure, easy, and timely manner. Gofish provides a secure forum for transactions and features up-to-the-minute news from industry-leading trade publication, "SeaFood Business." The site also uses SeaFax to provide the industry's best proprietary credit information on trading partners, allowing buyers and sellers to make more informed business decisions. "Gofish is well positioned to revamp and dramatically improve the $33 billion domestic wholesale seafood market, bringing Internet speed, efficiency and savings to every sector of the industry," said Marc Poirier, General Partner with CMGI @Ventures. "We look forward to putting the Internet expertise, resources and reach of the CMGI and CMGI @Ventures network behind the company as it continues to execute on its business model." "We welcome CMGI @Ventures as an industry-leading investor that brings invaluable human and technological assets as well as proven strategic counsel to our effort," said Gofish Founder and President Neal Workman. "With our Series-B now formally closed, we expect to deploy still more new and useful features, such as auctions capabilities and online accounts receivable financing Accounts Receivable Financing A type of asset-financing arrangement in which a company uses its receivables - which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. capabilities." About Gofish.com Gofish.com, headquartered in Portland, Maine Portland is the largest city in the U.S. state of Maine, with a 2004 population of 63,882. Portland is Maine's cultural, social and economic capital. Tourists are drawn to Portland's historic Old Port district along Portland Harbor, which is at the mouth of the Fore River and part , is the premier content and commerce destination for the seafood industry. Gofish provides a secure forum for transactions and features up-to-the-minute news from industry-leading SeaFood Business. The site also uses SeaFax to provide the industry's best proprietary credit information on trading partners, allowing buyers and sellers to make more informed business decisions. Gofish offers a collection guarantee, and will add auctions and receivables funding by summer 2000. In addition, Gofish expects to incorporate logistics support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the site by fall 2000. For more information on Gofish, please visit or call 1.800.777.3533. Gofish is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation with offices in Portland, Maine, and Bellevue, Wash. About CMGI and CMGI @Ventures With 65 companies, CMGI, Inc. (Nasdaq: CMGI) represents the largest, most diverse network of Internet companies in the world. This network includes both CMGI operating companies and synergistic investments made through its venture capital affiliate, CMGI @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. . Compaq, Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI. CMGI's majority-owned operating companies include Engage Technologies (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI), 1ClickBrands, 1stUp.com, Activate.net, AdForce, Adsmart, AltaVista, CMGI Solutions, Equilibrium, Flycast, iCAST, MyWay.com, NaviNet, SalesLink and Tribal Voice
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, buyersedge.com, CarParts.com, CraftShop.com, DiamondBack Systems, eCircles.com, eGroups.com, EXP.com, FindLaw, FoodBuy.com, Furniture.com, Gamers.com, Gofish.com, Half.com, HotLinks, Industria Systems, INPHO/HomePriceCheck.com, Intelligent/Digital, KnowledgeFirst, KOZ.com, Mondera.com, MyFamily.com, NextMonet.com, NextOffice.com, NextPlanetOver.com, Oncology.com, OneCore.com, PlanetOutdoors.com, Productopia, SnapFish.com, Speech Machines, SpotLife, ThingWorld.com, Virtual Ink, Visto, Vstore and WebCT. CMGI's corporate headquarters is at 100 Brickstone Square, Andover, MA 01810, Tel: 978-684-3600. CMGI @Ventures has offices there as well as at 3000 Alpine Road, 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. , CA 94028. For additional information, see http://www.cmgi.com and http://www.ventures.com . |
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