CMG oVentures Strategy Confirmed as GeoCities Goes Public.ANDOVER, Mass.--(BUSINESS WIRE)--Aug. 13, 1998--CMG Information Services See Information Systems. , 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) ) and its 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 @Ventures I and CMG @Ventures II subsidiaries today confirmed CMG's @Ventures results of the GeoCities (NASDAQ:GCTY) public offering. GeoCities is the largest and one of the fastest growing communities of personal Web sites on the Internet in which CMG's venture capital subsidiaries held a 34 percent stake prior to the public offering of new shares on Tuesday, August 11, 1998. GeoCities offered 4.75 million shares of common stock at $17 per share on the Nasdaq National Market under the trading symbol Trading symbol See: Ticker symbol "GCTY." Beginning with its first investment in January 1996, CMG's @Ventures subsidiaries invested a total of $5.87 million in the company. After the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. , CMG @Ventures subsidiaries owns 31 percent or 9.8 million shares of GeoCities stock. "Since December of 1994, GeoCities has grown to be the world's largest community of personal Web sites with 2.3 million members or 'Homesteaders', who have created over 17 million pages of content on the site," said David Wetherell, 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. of CMG. "We recognized, before most, the potential of Web based communities and personal home pages on the Internet. This public offering represents a dramatic confirmation of GeoCities' innovative concept, growing from 10,000 Homesteaders in October 1995 to 2.3 million Homesteaders today, as well as CMG's strategy of identifying the most promising Internet companies and helping them achieve their potential in the marketplace." Lead Manager for the GeoCities initial public offering is Goldman, Sachs & Co.; Donaldson, Lufkin & Jenrette Securities Corporation and Hambrecht & Quist LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control are the Co-Managers. About GeoCities Based in Santa Monica, Calif., with advertising sales offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and San Francisco, GeoCities (www.geocities.com) is the largest and one of the fastest-growing communities of personal Web sites on the Internet. The GeoCities community has grown to over 2.1 million Homesteads in July 1998. Homesteaders have created an estimated 17 million pages of personalized content, attracting over 14.8 million unique visitors to, and generating over 925 million page views on, the GeoCities community, according to Relevant Knowledge in June 1998 and Nielsen I/PRO in May 1998, respectively. GeoCities was the third most trafficked Web site on the Internet among home. users in June 1998, according to Media Metrix. GeoCities' investors include CMG@ Ventures, the venture arm of CMG Information Services, SOFTBANK Holdings Inc., Yahoo! Inc., Intel Corporation, Chase Capital Partners, InnoCal and Flatiron Partners. About CMG Information Services CMG Information Services, Inc. (NASDAQ:CMGI) is an investor and developer of Internet companies. In addition, CMGI operates direct marketing companies and venture funds focused on the Internet. Microsoft, Intel and Sumitomo hold minority positions in CMG Information Services. The CMG Internet Group is made up primarily of majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. companies including Planet Direct, NaviSite, Engage Technologies, Accipiter, ADSmart, InfoMation, The Password and Magnitude Networks. In addition to GeoCities, the company's CMG @Ventures investment affiliates have significant 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. ), blaxxun, Vicinity, Parable LLC, KOZ, Silknet, Chemdex, Speech Machines, Softway Systems, TicketsLive Corporation, Critical Path, Mother Nature, and Visto Corporation. CMG @Ventures recently announced a definitive agreement to sell its investment in Reel.com to Hollywood Entertainment. In addition, CMG will invest approximately $34 million in Hollywood Entertainment. CMG also includes CMG Direct, SalesLink, InSolutions and On-Demand Solutions as wholly owned subsidiaries in the direct marketing, fulfillment and turn-key arenas. Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3674. Additional information is available on the company's Web site, http://www.cmgi.com.
CONTACT: CMG Information Services Copithorne & Bellows
Mary Garrity Cormier Diane Parazin
(978) 684-3789 (617) 450-4300
mgarritycormier@cmgi.com diane.parazin@cbpr.com
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