BizPlanCentral Technology Enables Investment; myGeek.com Receives Funding From the Internet Roundtable.Business Editors &Internet/On-Line Writers NEW YORK--(BUSINESS WIRE)--Jan. 27, 2000 BizPlanCentral.com(TM) announced today that personal shopping community myGeek.com(TM) received funding from the Internet Roundtable, a network of investors composed of Internet company founders and executives as well as venture capitalists. This is the first private equity financing using BizPlanCentral.com's technology powered by TRADE.COM(TM), a service of BlueStone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. Capital Partners, L.P. &uot;BizPlanCentral.com played an essential role in helping us obtain additional financing for our business,&uot; myGeek.com founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Chad Little said. &uot;The site was easy to use and provided an excellent forum for us to broadcast our business idea to accredited investors like the Internet Roundtable.&uot; BizPlanCentral brings together aspiring entrepreneurs and accredited investors in a confidential, secure online environment. Entrepreneurs post business plan summaries online for review by investors for potential funding. Communications between entrepreneurs and potential investors are facilitated through Connections, a private, secure messaging platform. Neil Rubin, Managing Director at BlueStone Capital Partners, L.P., said, &uot;our goal has been to simplify the process of uniting entrepreneurs and investors and the success of this financing shows we have accomplished that.&uot; BizPlanCentral has also enhanced the process for investors. &uot;Access to the variety of business plans available through BizPlanCentral allowed us to review our opportunities and select the right one for us,&uot; stated Internet Roundtable member and former XOOM XOOM Extraction of Object Oriented Software Metrics .com CEO Laurent Massa Massa, in the Bible Massa (măs`ə), in the Bible, seventh son of Ishmael. Massa, city, Italy Massa (mäs`ä), city (1991 pop. 66,737), capital of Massa-Carrara prov. . According to Kent Hawkins, Internet Roundtable investor and Polygon Southwest Venture Fund Senior Vice President, &uot;We're excited about the potential of myGeek.com and are pleased to offer assistance.&uot; BizPlanCentral plans to roll out a wide array of research, news and information as well as customized products and services tailored for the entrepreneurial and angel investment communities in February 2000. About myGeek.com myGeek.com is a personal shopping website that has developed a proprietary online marketplace where sellers respond to shoppers' service or product requests. From the customer's perspective, this service fulfills the role of a traditional personal shopper, one who will find an exceptional product at a great value. For its network of merchants and sellers, myGeek.com provides customers who are ready to buy. Their expansion plans began to take shape following a recent deal with natural language-based search engine Ask Jeeves (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 :ASKJ). myGeek.com was founded by company CEO Chad Little in January 1999 and is based in Scottsdale, Arizona. About The Internet Roundtable The Internet Roundtable is a group of angel investors and early stage venture capitalists seeking e-commerce and other Internet investment opportunities. The group is composed of such Internet luminaries as XOOM.com founder and former CEO Laurent Massa, (formerly NASDAQ:XMCM), Bob Ellis, former member of XOOM.com's board of directors and publisher at Time-Life as well as founders and executives of other prominent Internet companies. XOOM.com recently joined with NBC and CNET's (NASDAQ:CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. ) Snap.com and several other NBC-owned Internet properties to form NBC Internet (NASDAQ:NBCI NBCI National Biological Control Institute (USDA subsidiary) NBCI North Branch Correctional Institute (Maryland) NBCI National Broadcasting Company Internet/Interactive ). Other contributors include Polygon Southwest Venture Fund Senior Vice President Kent Hawkins and John Hingley, former Vice President of Electronic Commerce for The Learning Company (formerly NYSE NYSE See: New York Stock Exchange :TLC TLC total lung capacity; thin-layer chromatography. TLC abbr. 1. thin-layer chromatography 2. ), which was recently acquired by Mattel (NYSE:MAT). About BizPlanCentral.com Powered by TRADE.COM, BizPlanCentral is a community where angel investors can meet and facilitate discussions with emerging growth companies looking for financing. In addition, BizPlanCentral provides entrepreneurs with suggestions and guidance for developing their business plans. About TRADE.COM TRADE.COM, a service of BlueStone Capital Partners, L.P., is a global commerce community that serves as a gateway to the Internet economy. Customers have access to in-depth, real-time news and research, level I and II quotes, stocks, options, bonds, mutual funds, private placements, IPOs, banking and loans. In addition to this array of products and services, each TRADE.COM customer is assigned his or her own dedicated Account Executive and team of service and technical specialists to answer questions regarding investment opportunities and provide online assistance. BlueStone Capital Partners, L.P., a full service investment banking and brokerage firm that provides financial services to the small and mid capitalization markets, is a member of the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. and ISMA ISMA See: International Security Market Association . |
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