CMG@Ventures and Bertelsmann Ventures Team For Investment in ONEList.com.ANDOVER, Mass.--(BUSINESS WIRE)--Jan. 11, 1999-- Leading Provider of Internet E-Mail Communities to Tap Business Synergies In CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) and Bertelsmann Internet Portfolios @Ventures III, the affiliated venture capital arm of CMGI, 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), and Bertelsmann Ventures, the independent venture capital fund of Bertelsmann AG Bertelsmann AG German media company. Beginning as a religious printer and publisher in 1835, the company grew steadily over the next century. Though virtually destroyed by Allied bombing in 1945, it recovered quickly after World War II. , today announced a joint minority investment in ONElist, Inc., the leading provider of e-mail community services. Financial terms of the investment were not disclosed. Founded in 1998 and headquartered in Silicon Valley, ONElist (http://www.ONElist.com) provides free e-mail See Internet e-mail service. communities via the Internet. Users can search for or subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; tens of thousands of communities on different topics or create their own. ONElist has a wide range of user created communities, on topics ranging from genealogy to military spouse support, from Muscular Dystrophy muscular dystrophy (dĭs`trōfē), any of several inherited diseases characterized by progressive wasting of the skeletal muscles. There are five main forms of the disease. to the pop music group `N SYNC. "ONEList has developed a unique service that allows online consumers to create and promote their own email communities based on common interests," said David Wetherell, chairman 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. of CMGI. "ONEList's service is highly complimentary to other companies within the CMGI family. ONEList has already begun discussions with a number of CMGI affiliates, and we intend to exploit these synergies further in the months ahead." Added Wetherell, "The added bonus of this new investment is the expansion of our relationship with Bertelsmann, already an important international partner for Lycos. CMGI's diverse family of Internet companies, combined with Bertelsmann's vast media properties, provides ONElist with a tremendous opportunity to expand upon their success." "We're very excited about ONEList's compelling service," said Jan Henric Buettner, general partner, Bertelsmann Ventures. "The ability of online communities to capture a large consumer base with a strong viral growth component is one of the most thrilling phenomena of the Internet. Bertelsmann has a long history of developing vertical community concepts and we intend to leverage those skills, as well as the Bertelsmann affiliated properties, to help ONEList become a very successful business on the Web." "This investment by CMGI and Bertelsmann represents a major validation of ONElist, and we're thrilled to be working with companies of their stature. This is a tremendous opportunity for us to work with their portfolio companies to reach millions of new users, and to expand upon our leadership in this space," said Mark Fletcher Mark Fletcher was the founder and CEO of the news aggregator website, Bloglines, and a Vice President of Ask.com until June 2006[1]. Ask Jeeves acquired Bloglines on 8 February 2005. , President and CEO, ONElist. About ONElist, Inc. Based in Silicon Valley, CA, ONElist, Inc. is the premier provider of free E-mail communities via the Internet. The ONElist service can be located at http://www.onelist.com. About Bertelsmann Ventures Based in Santa Barbara, CA, and focusing on Internet-based investments, Bertelsmann Ventures is the independent venture capital fund of Bertelsmann AG, one of the world's largest media companies. About CMGI A recognized leader in the Internet arena, CMGI (NASDAQ:CMGI) combines operating companies with strategic venture investments to create a broad and diverse set of businesses delivering Internet solutions. Microsoft, Intel and Sumitomo hold minority positions in CMGI. The CMGI Internet Group consists of its majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. companies ADSmart, Engage Technologies, NaviSite, NaviNet, Planet Direct, Magnitude Network and ZineZone. The company's 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 affiliates have ownership 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, GeoCities (NASDAQ:GCTY), Vicinity, ThingWorld.com, KOZ, Silknet, Chemdex, Speech Machines, Softway Systems, TicketsLive, Critical Path, Mother Nature, Raging Bull, Universal Learning Technology, Visto, Virtual Ink, Ancestry.com, ONEList and Asimba. CMGI also includes CMG Direct, SalesLink, InSolutions and On-Demand Solutions as majority 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: 978-684-3814. Additional information is available on the company's Web site, http://www.cmgi.com. |
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