Engage Closes Acquisition of Virtual Billboard Network; Forms Engage Canada.Business Editors/High Tech Writers ANDOVER, Mass.--(BUSINESS WIRE)--June 9, 2000 Engage, Inc. (Nasdaq: ENGA), the leading provider of next generation online marketing solutions and a majority-owned operating company operating company A business that engages in transactions with outsiders. of CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc., today announced that it has closed its acquisition of the Virtual Billboard Network (VBN See visitor-based networking. ). VBN, based in Toronto, will be renamed Engage Canada, managed by Tom Rothfels, former chief executive officer of VBN. Under the terms of the agreement, Engage issued approximately 276,000 shares of Engage common stock to Gallop gallop /gal·lop/ (gal´op) a disordered rhythm of the heart; see also under rhythm. atrial gallop S diastolic gallop S presystolic gallop S & Gallop Advertising Inc. for the purchase of VBN. Representing over 150 Web sites and delivering over 30 million ad impressions per month, Engage Canada is one of the largest Canadian-focused Internet advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads. networks. The newest addition to the Engage online media network, Engage Canada provides a strong foothold into the rapidly growing Canadian marketplace and enhances Engage's global media properties. About Engage(R): Engage, Inc. (Nasdaq: ENGA) is the leading provider of next generation online marketing solutions and a majority-owned operating company of CMGI, Inc. Based in Andover, Mass., Engage helps marketers target online audiences and convert them into loyal customers. Engage has European headquarters in London and offices worldwide. For more information on Engage, please visit www.engage.com. Engage Statement Under the 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 : This release contains forward-looking statements 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 following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the risk that the business of VBN will not be successfully integrated with the business of Engage; risks associated with entering into new market segments; slower than expected growth in Internet advertising; the timely development of new profile-based products and services; the adoption of new laws New Laws: see Las Casas, Bartolomé de. and regulations affecting the provision of Internet advertising services, including laws and regulations covering privacy, pricing and content; and increased competition and technological changes in the industries in which Engage competes, and other risks detailed in Engage's 1999 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. and from time to time in Engage's other reports filed with the SEC. Engage is a Registered Trademark of Engage, Inc. |
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