CMGI Takes Strategic Position in Divine interVentures.Business/Technology Editors ANDOVER, Mass.--(BUSINESS WIRE)--Feb. 4, 2000 CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq: CMGI), the world's largest and most diverse network of Internet companies, today announced its agreement to take a strategic position in divine interVentures, inc. (www.divine.com), a Chicago-based Internet operating company operating company A business that engages in transactions with outsiders. focused on the business-to-business marketplace. Under the terms of the agreement, upon final closing CMGI will hold a 4.9% stake in divine interVentures. The two Internet innovators have also formed a strategic relationship through which they will work to utilize and promote the products and services of each other's network of affiliates. This new relationship will enable divine interVentures to take advantage of the powerful technologies, services and proven expertise housed in the more than 60 CMGI and CMGI @Ventures companies as it helps its Midwest-based entrepreneurs build their business-to-business Internet start-ups. In return, CMGI will be able to offer both start-ups and mature companies in its own network a variety of new business development and sales opportunities in the Midwest. &uot;We are pleased to support divine interVentures' emerging business model,&uot; 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. &uot;It is highly 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. with our own, yet does not overlap with the regions that are currently the focus of our own operations. We look forward to extending our reach and focus into the Midwest with divine interVentures' acquisition expertise, services and stable of growing companies.&uot; At the forefront of the Internet revolution, CMGI and @Ventures leverage both financial and intellectual capital to identify and develop the businesses leading the new economy. With an unparalleled track record and a unique business model that marries operations to investment, the combined firm manages and invests in more than 60 leading Internet companies spanning content, community, e-commerce and infrastructure disciplines. About CMGI and CMGI @Ventures With more than 60 companies, CMGI, Inc. (Nasdaq: CMGI) represents the largest, most diverse network of Internet companies in the world. This network includes both CMGI operating companies and a growing number of synergistic investments through its venture capital affiliate, CMGI @Ventures. CMGI leverages the technologies, content and market reach of its extended family of companies to foster rapid growth and industry leadership across its network, and the larger 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. . Compaq, Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI. CMGI's majority-owned operating companies include Engage Technologies (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI NAVI Nuclear Arms Verification Instrument NAVI New Analog Video Interface ), 1ClickBrands, 1stUp.com, Activate.net, AdForce, Adsmart, AltaVista, CMGI Solutions, Equilibrium, Flycast, iCAST, Magnitude Network, MyWay.com, NaviNet, SalesLink, Tribal Voice
adj. 1. Of a golden color; gilded. 2. Inflated and pompous in style. [Middle English aureat, from Late Latin aure Media, blaxxun, BizBuyer.com, Boatscape.com, buyersedge.com, CarParts.com, CraftShop.com, eCircles.com, eGroups.com, EXP.com, FindLaw, FoodBuy.com, Furniture.com, Half.com, HotLinks, Industria, INPHO/HomePriceCheck.com, Intelligent/Digital, KnowledgeFirst, KOZ.com, Mondera.com, MyFamily.com, NextMonet.com, NextPlanetOver.com, Oncology oncology /on·col·o·gy/ (ong-kol´ah-je) the sum of knowledge regarding tumors; the study of tumors. on·col·o·gy n. .com, OneCore.com, PlanetOutdoors.com, Productopia, Raging Bull, SnapFish.com, Speech Machines, ThingWorld.com, Vicinity, Virtual Ink, Visto, Vstore and WebCT. CMGI and CMGI @Ventures Corporate headquarters are located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. CMGI @Ventures also has offices at 3000 Alpine Road, Menlo Park Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , CA 94028; 650-233-0333. Additional information is available on the company's Web sites at http://www.cmgi.com and http://www.ventures.com. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the expected benefits resulting from the investment to be made and the strategic relationship between CMGI and divine interVentures. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: divine interVentures and its affiliates may be subject to intense competition, divine interVentures and its affiliates may not execute successfully on their business plans, the growth required by divine interVentures and its affiliates may place too great a strain on their respective managerial, operational and financial resources, and the volatility of the marketplace may prevent the companies in divine interVenture's network from raising necessary capital or achieving a desired liquidity event. For a detailed discussion of these and other cautionary statements, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's Annual Report on 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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