Classifieds2000 receives over $2.8 million in funding and adds new board members; Investors show their support for online classifieds ads.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--March 26, 1997-- Classifieds2000 today announced that it has received over $2.8 million in its first round of venture capital funding. The funds will be used to expand Classifieds2000's technology and infrastructure to meet the enormous demand which the company is receiving for its products and services. Classifieds2000 also announced that it has added Stephen Stephen, 1097?–1154, king of England (1135–54). The son of Stephen, count of Blois and Chartres, and Adela, daughter of William I of England, he was brought up by his uncle, Henry I of England, who presented him with estates in England and France and D. Arnold, Partner with Polaris Polaris (pōlâr`ĭs) or North Star, star nearest the north celestial pole (see equatorial coordinate system). Venture Partners and Douglas G. Carlston, Chairman of the Board of Broderbund Software Inc. to its board of directors. This round of funding was led by Polaris Venture Partners, and included Broderbund On-line Venture Fund, which invests in consumer related on-line venture opportunities. Classifieds2000 provides classified advertising content and search technology to a network of best-in-class websites, enabling them to offer a popular service to their users. InfoSeek, Lycos, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) SuperPages, GeoCities and DejaNews are among over forty top brand websites in the Classifieds2000 Network. This network allows Classifieds2000 to distribute classifieds content, display advertising, and products across member websites which cumulatively deliver over 35 million page views per day. "This investment is significant because it enables us to rapidly scale our business to meet the enormous demand we are seeing for our classifieds content, services and distribution," said Sani El-Fishawy, president of Classifieds2000. "We are also extremely pleased to welcome Stephen Arnold, who brings extensive operating experience, as well as Douglas Carlston, an industry leader in consumer software, to our board. Doug and Steve's combined experience will be invaluable as we continue to extend and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. our significant lead in the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the classifieds space." "The Internet is a powerful medium for personal communication, and classified advertising will be one of its strongest applications," said Arnold. "We are very excited to be partnering with Classifieds2000 -- they've got a great team and we think their approach to the market will make them one of the clear leaders in this area." "I am very impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: by Classifieds2000's unique classified network strategy, their leading position in the Internet classified space, and their quality management team," said Carlston. "I am confident that the company will be a tremendous success." Polaris Venture Partners is an $85 million venture capital partnership focusing on early stage information and medical technology companies. In addition to providing capital, Polaris is an active participant in helping grow entrepreurial companies. The firm is managed by four professionals, and has offices in Boston and Seattle. Broderbund's Online Venture Fund is a division of Broderbund Software which invests in consumer-related online venture opportunities. These investments allow Broderbund to share its knowledge of consumer behavior with companies who are applying today's technology in the creation of consumer interaction with the Internet. Classifieds2000, Inc., is the leading centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. provider of classifieds content and technology for best-in-class World Wide Web publishers. Through Classifieds2000.com and its rapidly expanding Network of member Web sites, Classifieds2000 offers a free, easy-to-use, database-driven classifieds service to Web users. Launched in October 1995, Classifieds2000 has become one of the largest private-party to private-party marketplaces on the Web facilitating over $3 million in transactions every week. Classifieds2000 is a closely-held, privately-backed firm based in Silicon Valley. For more information on Classifieds2000 and to explore its service, visit the company's website at www.classifieds2000.com . The company's Classifieds2000.com site has been chosen as "The Best" site for finding a used car in the September 1996 issue of Yahoo! Internet Life Yahoo! Internet Life was a monthly magazine published by Ziff-Davis, which licensed the name from Yahoo!, a well known search engine website. It was created and launched by Barry Golson, the former executive editor of Playboy and TV guide. Magazine, as a Microsoft "Best of the Web" site, as the "top automotive pick" of C/Net's Search.com, as a Webcrawler "Select" site, as a BigBook "shortlist short·list also short-list n. A list of preferable items or candidates that have been selected for final consideration, as in making an award or filling a position. Noun 1. site," as an Home "Best of the Web for 1996" site, and as a featured site on Netscape. -0- Note to Editors: Classifieds2000 is a registered trademark of Classifieds2000. All other trademarks are property of their respective owners. In the company name "@Home" noted in this news release, there is an "at" symbol before "Home." This symbol may not appear properly in some systems. CONTACT: Classifieds2000 Karim El-Fishawy, 408/748-9696 karim@classifieds2000.com or Brodeur Porter Novelli Porter Novelli International is a leading, global PR and lobbying firm. It is part of the Omnicom Group of advertising and marketing companies, the world's largest advertising conglomerate. The following article on Porter Novelli was obtained from "Sourcewatch. Marnee Clement Clement, in the Bible Clement, in Philippians, one of Paul's coworkers. He is traditionally identified with St. Clement of Rome, the likely author of a letter written from there to the Corinthian church in c.A.D. 96. or Natalie Oriol, 408/324-4848 mclement@brodeur.com noriol@brodeur.com |
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