ContentWatch Inc. Receives Capital Infusion to Grow Existing Revenue Sources and Expand Product Offerings.Business Editors/High-Tech Writers SALT LAKE CITY--(BUSINESS WIRE)--Oct. 3, 2002 ContentWatch Inc., a trusted Internet categorization and monitoring solutions provider, today announced it has received $500,000 in a Series A financing from IRR IRR In currencies, this is the abbreviation for the Iranian Rial. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Partners, a private investment firm. "We believe ContentWatch possesses the necessary combination of strong business fundamentals business fundamentals The general background within which an economy operates including earnings, sales, wage rates, taxes, and inflation. Improving business fundamentals are generally viewed as bullish for stocks, although stock prices at any given point and a seasoned management team to become the clear leader in its market category," said Richard F. Lawson Jr., general partner of IRR Partners. "ContentWatch's continued month over month revenue growth and ability to execute amidst a·midst prep. Variant of amid. [Middle English amiddes : amidde; see amid + -es, adverbial suffix; see -s3.] a difficult economic environment makes it an attractive investment opportunity." Built on a content analysis and categorization engine, the ContentWatch suite of products allow users to identify and remove unwanted material from computers, provides a comprehensive tracking and monitoring mechanism for computer usage, and protects computer users with a highly sophisticated filtering engine. "The capital we have received from IRR shows confidence in our company and management as we continue to build on the momentum that ContentWatch has generated over the last year," said Ralph Harding, president of ContentWatch. "We are very confident in our plans moving forward and are extremely pleased to have found investors who are equally confident." Since the company was founded in October 2001, ContentWatch has audited over 170 billion files, cleaned over 1 billion files, acquired 1 million users in over 150 countries, and has shot to number 201 on the list of most visited Web sites in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . About IRR Partners IRR Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a private investment firm based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Salt Lake City and Boston. IRR focuses primarily on technology and emerging growth related opportunities with proven management teams and strong prospects for significant value creation. About ContentWatch ContentWatch is the creator of the ContentWatch line of products, consisting of ContentProtect for filtering protection, monitoring, and Internet access See how to access the Internet. control, ContentAudit for identifying objectionable content; ContentCleanup for removing objectionable content; ContentMonitor for comprehensive usage tracking. Based in Salt Lake City, ContentWatch has customers in all 50 states and over 150 countries. For more information on ContentWatch products, visit http://www.contentwatch.com. |
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