CMGI Extends Registration Deadline for NaviSite, Inc. Directed Share Program.ANDOVER, Mass.--(BUSINESS WIRE)--Sept. 13, 1999-- CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group 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) announced today that it has extended the registration deadline for its Directed Share Program for NaviSite, Inc. to Saturday, September 18, 1999. In connection with the initial public offering ("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. ") of CMGI's NaviSite, Inc. subsidiary, CMGI will enable its shareholders who meet the stated eligibility requirements of the NaviSite Directed Share Program the opportunity to participate in NaviSite's IPO at the offering price. On July 22, 1999, NaviSite, Inc. filed a registration statement for the initial public offering of its common stock with the Securities and Exchange Commission. The proposed sale of NaviSite's common stock to the public is expected to occur in early October 1999. Eligibility for the NaviSite Directed Share Program will be extended to all CMGI shareholders who owned a minimum of 100 shares of common stock in any one account as of the record date, August 25, 1999, subject to certain limitations described below, and who properly register and open an account for the program. CMGI shareholders who acquired shares between August 20, 1999 and August 25, 1999 should check with their brokers to determine the date on which they became a shareholder of record with respect to those shares. An official letter detailing the specific terms for eligibility and participation in the NaviSite Directed Share Program was mailed to all eligible CMGI shareholders on September 3, 1999. Eligible shareholders who have not received this letter should contact CMGI Investor Relations Investor relations The process by which the corporation communicates with its investors. at (978) 684-3832. The letter contains instructions on how to open an account over the Internet with an online investment brokerage firm using an investor code contained in the letter. To participate in this program, shareholders will need access to the Internet and an active email address See Internet address. for day and evening communications with this brokerage firm. The revised deadline for registering for the NaviSite Directed Share Program is Saturday, September 18,1999. Eligible CMGI shareholders that previously registered, opened an account and placed a conditional offer for the Engage Technologies Directed Share Program, but did not receive an allocation due to their failure to re-confirm their conditional offer, will be given first priority in the allocation of shares in the NaviSite Directed Share Program and may utilize the accounts that they established in connection with the Engage Technologies Directed Share Program. The remaining shares in the NaviSite Directed Share Program will be allocated among all other eligible CMGI shareholders and, in the event that the NaviSite Directed Share Program is oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. , participants will be selected utilizing a random number generator A program routine that produces a random number. Random numbers are created easily in a computer, since there are many random events that take place such as the duration between keystrokes. from among these eligible CMGI shareholders. Detailed instructions and Frequently Asked Questions regarding the NaviSite, Inc. Directed Share Program may be found at http://affinity.witcapital.com/navisite or on the CMGI web site at http://www.cmgi.com/investor. About CMGI A recognized leader in the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. , CMGI, Inc. (Nasdaq: CMGI) has built a substantial base of Internet operating companies and, through its @Ventures affiliates, has invested in a growing portfolio of synergistic Internet enterprises which enhance the value of its core holdings. This unique method of generating equity for its shareholders is what CMGI calls "creating net value." Microsoft, Intel, Sumitomo and Compaq hold minority positions in CMGI. CMGI's majority-owned subsidiaries include Engage Technologies (Nasdaq: ENGA), Activerse, Adsmart, AltaVista, iCAST, Magnitude Network, NaviSite, NaviNet, Planet Direct 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. ), Critical Path (Nasdaq: CPTH), Silknet (Nasdaq: SILK), Chemdex (Nasdaq: CMDX), Advoco.com, Ancestry.com, Asimba, AuctionWatch, Aureate au·re·ate adj. 1. Of a golden color; gilded. 2. Inflated and pompous in style. [Middle English aureat, from Late Latin aure Media, blaxxun, BizBuyer.com, buyingedge.com, CarParts.com, eCircles.com, Furniture.com, HotLinks, Intelligent/Digital, KOZ.com, Mondera.com, MotherNature.com, NextMonet.com, NextPlanetOver.com, OneCore.com, ONElist, PlanetOutdoors.com, Productopia, Promedix.com, Raging Bull, Softway Systems, Speech Machines, ThingWorld.com, Universal Learning Technology, Vicinity, Virtual Ink and Visto. CMGI is also the majority-owner of SalesLink, InSolutions and On-Demand Solutions, leaders in direct marketing, fulfillment and turnkey arenas. CMGI 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 at http://www.cmgi.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding CMGI, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the CMGI Annual Report or Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the most recently ended fiscal year. |
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