CMGI Responds to iCrown Capital Corporation Exchange Offer.Business/Technology Editors ANDOVER, Mass.--(BUSINESS WIRE)--June 27, 2001 CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq: CMGI), the diversified Internet operating company operating company A business that engages in transactions with outsiders. , today responded to an exchange offer announced by iCrown Capital Corporation on June 20, 2001. CMGI announced that it expresses no opinion and is remaining neutral toward the exchange offer, pursuant to which iCrown is offering certain of its securities in exchange for a maximum of 200,000 shares of CMGI's common stock. CMGI's position is based on its belief that investment decisions should be made by each CMGI stockholder based on such stockholder's own circumstances and judgment. About CMGI and @Ventures CMGI, Inc. (Nasdaq: CMGI) is a diversified Internet operating company comprised of technology, e-commerce and e-marketing businesses. CMGI's assets include majority-owned subsidiaries majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. and investments made through its venture capital affiliate, @Ventures. Principal subsidiaries include search-leader AltaVista Company (www.altavista.com), e-auction concern uBid (www.ubid.com) and its fulfillment sibling sibling /sib·ling/ (sib´ling) any of two or more offspring of the same parents; a brother or sister. sib·ling n. SalesLink, and interactive marketing company Engage, Inc. (Nasdaq: ENGA). CMGI's corporate headquarters are located in Andover, Massachusetts. @Ventures has offices there, as well as in Menlo Park, California Menlo Park is a city in San Mateo County, California in the United States of America. It is located at latitude 37°29' North, longitude 122°9' East. Menlo Park had 30,785 inhabitants as of the 2000 U.S. Census. . For additional information, see http://www.cmgi.com and http://www.ventures.com. |
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