Banyan Worldwide's Internet Subsidiary Switchboard to Begin Trading Today On NASDAQ Under SWBD.Business/Technology Editors WESTBORO, Mass.--(BUSINESS WIRE)--March 2, 2000 Banyan Worldwide (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BNYN BNYN ePresence (stock symbol; formerly known as Banyan) ), a market leader in delivering e-business services based on leading edge Internet and directory technology today announced that its Internet directory subsidiary, Switchboard Incorporated, will begin trading today on NASDAQ under the symbol SWBD SWBD Switchboard SWBD SRTM (Shuttle Radar Topography Mission) Water Body Dataset . "Banyan Worldwide has been committed to making Switchboard a successful stand-alone business," said Bill Ferry, Banyan Worldwide's chairman and chief executive officer. "Today, we accomplished a major milestone towards achieving that goal and enhanced our ability to expand our rapidly growing e-services business." Banyan Worldwide is the majority shareholder of Switchboard Incorporated and after this offering will own approximately 41% of the outstanding shares of the company. CBS Corporation (NYSE NYSE See: New York Stock Exchange : CBS (Cell Broadcast Service) See cell broadcast. ) and America Online, Inc. (NYSE: AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) will own approximately 31% and 3% respectively of the outstanding shares. Banyan Worldwide (NASDAQ: BNYN) is a market leader in delivering e-services based on leading edge Internet and directory technology. Headquartered in Westboro, Mass., the company's e-services business specializes in providing Internet-based solutions that build customer intimacy. Leveraging expertise in customer-centric, directory-based technologies, Banyan Worldwide's consultants, partnerships and methodologies help companies address new e-business models, expand business channels and drive growth. For more information visit http://www.banyan.com or call 1-800-2BANYAN. |
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