CMG @Ventures adds PlanetAll to its investment portfolio.ANDOVER, Mass.--(BUSINESS WIRE)--June 26, 1997--CMG Information Services, Inc. (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 :CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ) announced today it has invested in PlanetAll of Cambridge, MA. Led by co-founders Warren Adams, a Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. alumnus ALUMNUS, civil law. A child which one has nursed; a foster child. Dig. 40, 2, 14. and former management consultant, and Brian Robertson, an MIT MIT - Massachusetts Institute of Technology graduate and ON Technology veteran, PlanetAll (http://www.PlanetAll.com) was developed to help people get in touch and stay in touch with individuals and groups important to them. "We're very excited to add PlanetAll to our network of Internet investments," stated CMG CMG Coastal & Marine Geology (USGS) CMG Chipotle Mexican Grill, Inc. (stock symbol) CMG Companion (of the Order Of) St Michael and St George CMG Computer Measurement Group President 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. David Wetherell, "PlanetAll has the potential to be one of the largest Internet communities, and as such will have great synergy with other companies in our portfolio such as GeoCities and Planet Direct." PlanetAll, launched at the end of 1996, and named New Business of the Year in Cambridge, MA has quickly grown to over 100,000 members from over 100 countries. A free and completely private service, PlanetAll helps members build upon and renew their networks of friends and professional contacts. Via email, members are informed of address changes, contacts that are coming into town, upcoming birthdays, new PlanetAll members, and upcoming group events such as alumni gatherings. PlanetAll also helps members network through a unique "friends of friends" feature. To protect privacy, members give permission on an individual basis before their contact information is divulged to other members. "People move around so often these days and are so busy that it is very easy to lose touch," explained co-founder Warren Adams, who has linked to hundreds of personal and professional contacts via PlanetAll. "I actually started PlanetAll to keep track of my own friends and colleagues. While living in London last year, I returned to the States for a college reunion and discovered that many of my college friends had been in London at the same time. Had we known it, we would certainly have seen each other. Once you link to someone in PlanetAll, you will never lose track of that person again." To provide more value to its members, PlanetAll has forged partnerships with popular Web sites and services such as Four11, Mercury Mail, The Monster Board, InfoSeek, InfoSpace, Planet Direct, WhoWhere, Worldview/ITN, and 4th Network, with many more to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. soon. CMG Information Services, Inc. (NASDAQ:CMGI) invests in and integrates advanced Internet, interactive media and database management technologies. The company's @Ventures investment and development affiliate has a majority interest in Lycos Inc., Blaxxun Interactive (formerly Black Sun Interactive), and GeoCities, and significant investments in Ikonic Interactive, Inc., Vicinity Corporation, Silknet Software, Parable, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and KOZ, Inc. CONTACT: Guy Bradley Warren Adams CMG @Ventures PlanetAll 508/238-5220 617/661-3995 gbradley@cmgi.com adamsww@PlanetAll.com OR Bryan Scanlon Schwartz Communications 617/684-0770 bryans@schwartz-pr.com |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion