Gay.com Makes Strategic Investment in Gay.it; Leading Italian Gay Portal Joins Gay.com's Global Network.Business Editors/High-Tech WritersSAN FRANCISCO--(BUSINESS WIRE)--Oct. 25, 2000 Gay.com (www.gay.com), the leading international provider of quality products and services to gay men and women, announced today a strategic investment in Gay.it, Italy's leading gay and lesbian portal. The investment in Gay.it continues Gay.com's ongoing global expansion. This summer Gay.com acquired Ooups.com, the leading gay portal in France, and launched new sites in the United Kingdom and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Within each market, Gay.com offers gay consumers local news, interactive community tools, online commerce and relevant content. Gay.it reaches over 170,000 unique visitors per month online and serves an estimated population of over one million Italian lesbians and gays. Known for its original content and technological innovations, Gay.it will collaborate with Gay.com on a number of projects, including the deployment of a wireless European Gay Guide that can be accessed from mobile phones. "By uniting with the market leader in Italy we can expand our network quickly and efficiently. Our combined market knowledge and technical capabilities will provide the lesbian and gay community with the best venue to express itself online, and access products and services that meet its needs and interests," said Pierre Jouanny, senior vice president of European operations for Online Partners. Alessio de Giorgi, a founder of Gay.it, will continue in his leadership role. He is regularly quoted in the media regarding the gay marketplace and politics of the Italian lesbian and gay community. He was recently elected to the European board of the International Lesbian and Gay Association The International Lesbian and Gay Association (ILGA) is an international organization bringing together more than 400 lesbian and gay groups from around the world. It continues to be active in campaigning for gay rights on the international human rights and civil rights . Gay.it has attracted major advertisers, such as AltaVista, Fiat Holding, Heineken Italia, Levi's and Procter & Gamble Italia. New e-commerce programs planned include travel, shopping and financial services for the gay and lesbian community in Italy. About Gay.com Gay.com is an international company that leverages the distribution power and global reach of the Internet to provide products and services to 2.6 million unique gay consumers each month (DoubleClick, DART). The company's Internet portal, www.gay.com, is the largest and most extensive online network targeted to the lesbian and gay community. Interactive services include ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. , news, search, shopping, chat, message boards, email, and twelve original content channels. Customized e-commerce and direct marketing programs target the entertainment, finance, healthcare, pharmacy, telecommunications, and travel industries. Gay.com syndicates content and services to more than 2,500 affiliates and has established distribution and advertising partnerships with 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 Times Digital (NYSE NYSE See: New York Stock Exchange :NYT NYT New York Times NYT National Youth Theatre (UK) NYT New York Transit (New York, USA) NYT New York Tribune ), Yahoo! (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), and CMGI's (Nasdaq:CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ). Investors include Chase Capital Partners, Flatiron Partners, Baroda Ventures, Macluan Digital, Jesse.Hansen.CoVe, and IDG IDG International Data Group IDG Integrated Drive Generator IDG Installation Design Guide IDG Internet Discussion Group IDG Inset Dielectric Guide IDG International Dangerous Goods (mail, shipping) Ventures. Gay.com is based in San Francisco, with offices in New York, London, Paris and Buenos Aires. Note to Editors: Gay.it has over 170,000 unique visitors, and serves an estimated population of over one million Italian lesbians and gays, according to Doubleclick DART in September 2000. Population estimate from data provided by Istat and the WHO. |
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