Cosmoz.com's Investment in Ridgewood Capital Venture Partners -- Medibuy.com, a Pre-IPO E-Commerce Company Raised its Valuation from $15 Million to $64 Million.SAN FRANCISCO--(BUSINESS WIRE)--July 26, 1999-- Cosmoz.com (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CMOZ) today announced that Medibuy.com (http://www.medibuy.com), the leading business to business healthcare Internet company that harnesses the power of the online community to link worldwide sellers of supplies and equipment to healthcare providers has raised its last March valuation from $15 million to $64 million today. Medibuy.com, based in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , has quickly established itself as the healthcare business-to-business e-commerce leader in the global healthcare equipment and supplies market, which is $185 billion in the U.S. alone. Medibuy.com matches online buyers and sellers through a proprietary bidding and auction system that allows register buyers to purchase medical supplies, products and equipment from any supplier in the world. This powerful means of procuring equipment and supplies slashes transaction costs and allows medical and surgical equipment suppliers to expand their sales channels to more effectively reach a global audience. Ridgewood Ventures Fund closed another major new investment - Kids On Line American (KOLA kola: see cola. ) (http://www.kola.com), a fun, friendly and safe approach to the internet for kids 5-18 year old and their families. KOLA has developed software that organizes, in a uniquely navigable, appealing sensible and safe way --internet sites that are designed for this population. The software enhances the quality of the internet experience -- information is presented in an imaginative, creative and well-referenced format. KOLA carefully screens its users. KOLA is a guarded portal. With KOLA, only authorized subscribers can enter, but what they enter is the improved internet world KOLA has created. About Cosmoz.com Cosmoz.com (http://www.cosmoz.com), is actively acquiring Web sites to become a leading Diversified Portal and Internet Venture Capital Company similar to Yahoo! (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 :YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) (NASDAQ:CMGI), Lycos (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. ), AltaVista (NASDAQ:CPQ CPQ Compaq CPQ Conseil du Patronat du Québec (Canada) CPQ Configure-Price-Quote CPQ Conseil de Presse du Québec (Québec Press Council, Canada) CPQ Companion Parrot Quarterly ), Excite (NASDAQ:XCIT) and Netscape Netcenter (NYSE NYSE See: New York Stock Exchange :AOL). The Cosmoz.com Portal provides all the content, functioning and ease of navigation users expect from major Internet Portals along with Free Email, Personalization and Real Time data that will be available soon. Cosmoz.com's mission is to become a recognized leader in the acquisition, development and investment of profitable, high profile, high traffic, niche market -- Internet related and web-based companies. Cosmoz.com's philosophy is to not only acquire Web sites but to grow and nurture each company by offering them the financial and marketing resources needed in order to become a profitable company. Cosmoz.com's goal is to become a recognized brand in the Internet industry and is dedicated to the acquisition and development of up to 20 Web sites by the year 2000. Cosmoz.com latest development is MonsterQuote.com (http://www.monsterquote.com), an online financial Web site that offers investors a wide range of investment tools such as market data, stock quotes, portfolio monitoring, news, financial analysis, investment research, charts and an unique feature called the "happy meter" which gives investors an overview of how their stocks are doing without having to view the actual numbers. "We are aggressively continuing to acquire and develop more Web sites that will compliment and add value to Cosmoz.com's Network of Web sites," said Wilfred Shaw, 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. . For more corporate information or if your company is interested in becoming a part of the Cosmoz.com Network, please visit us at (http://www.cosmoz.com). Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements. |
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