Insignia completes 2nd phase of 'net plan.Insignia in·sig·ni·a also in·sig·ne n. pl. insignia or in·sig·ni·as 1. A badge of office, rank, membership, or nationality; an emblem. 2. A distinguishing sign. Financial Group announced completion of the second phase of its Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the strategy with the merger of EdificeRex.com, Inc.'s Internet portal that provides building-specific and user-specific functionality, news and information for 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 apartment building residents, into New York Metro For the region, see . Metro New York is a free daily newspaper in New York City started in 2004. Its main competition is AM New York, with which it practices many of the same distribution and marketing strategies. . Insignia is the largest shareholder of EdificeRex.com, Inc., with an equity interest of approximately 50 percent. New York Metro is a joint venture between PRIMEDIA Inc. (publisher of New York magazine and owner of About.com) and MetroChannels, a network of Rainbow Media Holdings, Inc. As a result of the transaction, EdificeRex.com, Inc. has received an undisclosed minority equity interest in the New York Metro joint venture. "A key part of our strategy has been to identify opportunities in the extension of our core real estate and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. businesses, develop and grow them, and then enhance shareholder value through sales or merger. Today's announcement is illustrative il·lus·tra·tive adj. Acting or serving as an illustration. il·lus  tra·tive·ly adv.Adj. 1. of the successful completion of that strategy with regard to the residential Internet portal," said Andrew L. Farkas, chairman and chief executive officer of Insignia Financial Group. "When EdificeRex.com introduced the residential Internet portal nearly 18 months ago, we envisioned building a web-based service that leveraged our expertise in real estate services that would be a value-added business when combined with a world class multimedia company. New York Metro is such a company," said Mr. Farkas. In December of 2000, Insignia successfully began implementation of its strategy with the merger of EdificeRex's Internet portal for office buildings, RexOffice.com, with SiteStuff, Inc., an Austin, Texas-based e-procurement company. The remaining business and third phase of Insignia's Internet strategy is EdificeRex.com's RexSpeed, Inc., which provides high-speed wireless Internet access See how to access the Internet. service for residential properties. While EdificeRex.com has ample financial resources to fund the on-going operations of RexSpeed, the company continues to explore options to ensure RexSpeed achieves its full marketplace potential by continuing to grow the business while seeking a merger partner or acquirer. |
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