CMGI Announces Two-For-One Stock Split.ANDOVER, Mass.--(BUSINESS WIRE)--March 17, 1999--CMGI, Inc. (Nasdaq:CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ) today announced that the Company's Board of Directors has approved a two-for-one common stock split. The stock split is subject to the approval of CMGI shareholders, who must approve an amendment to the Company's Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to increase the Company's authorized Common Stock, permitting consummation of this split. Subject to such approval, shareholders will receive one additional common share for every share held on the record date of May 13, 1999. As of January 31, 1999, CMGI had approximately 46.7 million common shares outstanding. Upon completion of the split, the number will increase to approximately 93.4 million. Stock certificates will be distributed on or about May 27, 1999. About CMGI A recognized leader in the Internet arena, CMGI (Nasdaq:CMGI) has built a sizeable base of Internet operating companies operating company A business that engages in transactions with outsiders. and, through its @Ventures affiliate, a large number of related and synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. Internet investments, using the businesses and technologies of these units to enhance the value of its core operating companies. This unique method of creating equity for its shareholders is what CMGI calls "creating net value." 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 Activerse, ADSmart, Engage Technologies, NaviSite, NaviNet, Planet Direct, Magnitude Network and ZineZone. The Company's @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, MotherNature.com, Raging Bull, Universal Learning Technology, Visto, Virtual Ink, Ancestry.com, ONElist, Furniture.com, OneCore Financial Network, Asimba and eCircles.com. CMGI also includes 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 Direct, SalesLink, InSolutions and On-Demand Solutions as majority-owned subsidiaries in the direct marketing, fulfillment and turnkey 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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