Diamond.com Announces the Successful Completion of New Round of Financing; Funding Confirms Commitment of Partners and Strengthens the Company's Market Position.Business Editors FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 28, 2000 Diamond.com (http://www.diamond.com), the premier source for certified diamonds, fine jewelry and brand-name watches on the Internet, announced today that it has closed a new round of financing with global expansion partner SOFTBANK Capital SOFTBANK Capital is a venture capital group in the United States. See also
In addition to financing, these companies provide Diamond.com with a full set of market access services in order to accelerate the company's position worldwide. These services include capital, infrastructure, and market support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , including strategic marketing, technical facilities and personnel resources. "We are pleased to extend our involvement with SOFTBANK, the Steinmetz Group and our other partners, who have all been extremely supportive of our efforts," said Alan Lipton, President 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 Diamond.com. "This additional financing confirms the solidity of our business model and the strong commitment of our partners. It will allow us to reinforce Diamond.com's domestic and international market position as the dominant Internet diamond, jewelry and watch resource." "We are strong believers in the business model of Diamond.com and of its potential in the worldwide marketplace," said Masayoshi Son Masayoshi Son (Japanese: 孫正義, Son Masayoshi; born August 111957 in Tosu, Saga Prefecture, Japan) is a Korean-Japanese and the founder and current chief executive officer of Softbank Capital, and the chief executive officer of SoftBank Mobile (the , President and CEO of SOFTBANK CORP. " SOFTBANK's global expertise and Diamond.com's sourcing advantages and sales capabilities are key success factors that ensures the company's success in the luxury retail category." About Diamond.com Diamond.com, an Odimo company is based in Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. and is majority owned by The Steinmetz Group, STI Ventures, SOFTBANK Capital Partners L.P., Data Investments L.L.C. and The Lipton Group. The site is dedicated to bringing the widest selection and highest quality diamonds direct from the source to the consumer at competitive prices. To find out more, please visit www.diamond.com or call 1-888-DIAMOND. About The Steinmetz Group The Steinmetz Diamond Group has offices around the world and maintains its primary diamond cutting factory in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . It was the company entrusted by DeBeers to craft, cut and polish the Millennium Star The Millennium Star is a famous diamond owned by De Beers. At 203.04 carats (40.608 g), the world's second largest known top-color (D), internally and externally flawless, pear-shaped diamond. , a priceless 203-carat flawless diamond, and the Midnight Collection, the largest and rarest collection of blue diamonds, currently exhibited in the Millennium Dome This article is about the Millennium Dome before its redevelopment and renaming to The O2 in 2005. in London. About STI Ventures STI Ventures (www.stiventures.com), with offices in Israel and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , specializes in advising and investing in cutting-edge high-technology companies worldwide. STI Ventures currently holds strategic positions in 30 high-tech companies, primarily in the Internet and communications industries. The Group emphasizes investments in start-up, early-stage and mid-stage companies, but also invests in mezzanine and pre-IPO opportunities. Portfolio investments include Tucows.com, RUsure.com, Interwise.com, Banter Technologies, Netgame Cable, Tradeum, From2.com, Commtach and others About SOFTBANK CORP. SOFTBANK (www.softbank.com) has emerged as one of the world's leading Internet market forces. Through its ownership positions in more than 300 Internet companies and its unique Internet management concept, it is able to create market synergies for its family of companies on a global scale. In Japan its activities encompass distribution, publishing, Internet media platforms, a broad range of e-commerce businesses, and joint ventures with companies including Microsoft, Cisco, Yahoo!, the National Association of Security Dealers, and many other market leaders. In the US, SOFTBANK is the largest shareholder in leading Internet companies including Yahoo!, E*TRADE and ZDNet, in Europe has established Internet joint ventures with News Corp. and Vivendi, and is helping build Internet companies in Latin America, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , India, China and Korea. |
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