CMGI - B2B Exchange Site Gofish.com Secures $12 Million From CMGI Ventures - 500 Beiträge pro Seite

[investor_007]

B2B Exchange Site Gofish.com Secures $12 Million From CMGI
Ventures to <CMGI.O>


B2B Exchange Site Gofish.com Secures
$12 Million From CMGI Ventures to Complete $32 Million Series B
Financing

PORTLAND, Maine/ANDOVER, Mass--(BUSINESS WIRE)--March 6, 2000--
Internet`s First Seafood Market-Maker Carves Out Early Leadership
Position; Closes More Than $41 Million in Funding During
First Six Months of Operations
Gofish.com, the Internet `s first and largest
business-to-business exchange site operating in the seafood Industry,
has secured $12 million in funding from CMGI Ventures, the venture
capital affiliate of CMGI, Inc., (Nasdaq: CMGI). This capital from
CMGI Ventures` $1 billion B2B fund brings Gofish`s Series-B funding
to a total of $32.1 million. As announced on February 14th, the
initial Series-B installment of $20.1 million was provided by GE
Equity and The CIT Group, as well as from return Series-A investors,
Bedrock Capital Partners, Diversified Business Communications, and
individual investors. In total, the company has secured more than $41
million in venture funding to date.
Gofish is a premier commerce and content destination for the
seafood industry. The site allows importers, processors and
distributors, as well as fishermen, grocers and restaurant owners, to
log onto a computer to trade seafood online in a secure, easy, and
timely manner. Gofish provides a secure forum for transactions and
features up-to-the-minute news from industry-leading trade
publication, "SeaFood Business." The site also uses SeaFax to provide
the industry`s best proprietary credit information on trading
partners, allowing buyers and sellers to make more informed business
decisions.
"Gofish is well positioned to revamp and dramatically improve the
$33 billion domestic wholesale seafood market, bringing Internet
speed, efficiency and savings to every sector of the industry," said
Marc Poirier, General Partner with CMGI Ventures. "We look forward to
putting the Internet expertise, resources and reach of the CMGI and
CMGI Ventures network behind the company as it continues to execute
on its business model."
"We welcome CMGI Ventures as an industry-leading investor that
brings invaluable human and technological assets as well as proven
strategic counsel to our effort," said Gofish Founder and President
Neal Workman. "With our Series-B now formally closed, we expect to
deploy still more new and useful features, such as auctions
capabilities and online accounts receivable financing capabilities."
About Gofish.com
Gofish.com, headquartered in Portland, Maine, is the premier
content and commerce destination for the seafood industry. Gofish
provides a secure forum for transactions and features up-to-the-minute
news from industry-leading SeaFood Business. The site also uses SeaFax
to provide the industry`s best proprietary credit information on
trading partners, allowing buyers and sellers to make more informed
business decisions. Gofish offers a collection guarantee, and will add
auctions and receivables funding by summer 2000. In addition, Gofish
expects to incorporate logistics support services to the site by fall
2000. For more information on Gofish, please visit or call
1.800.777.3533. Gofish is a privately held corporation with offices in
Portland, Maine, and Bellevue, Wash.
About CMGI and CMGI Ventures
With 65 companies, CMGI, Inc. (Nasdaq: CMGI) represents the
largest, most diverse network of Internet companies in the world. This
network includes both CMGI operating companies and synergistic
investments made through its venture capital affiliate, CMGI
Ventures. CMGI leverages the technologies, content and market reach
of its extended family of companies to foster rapid growth and
industry leadership across its network, and the larger Internet
Economy. Compaq, Intel, Microsoft, Pacific Century CyberWorks and
Sumitomo hold minority positions in CMGI.
CMGI`s majority-owned operating companies include Engage
Technologies (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI), 1ClickBrands,
1stUp.com, Activate.net, AdForce, Adsmart, AltaVista, CMGI Solutions,
Equilibrium, Flycast, iCAST, MyWay.com, NaviNet, SalesLink and Tribal
Voice. CMGI Ventures has ownership interests in Lycos, Inc. (Nasdaq:
LCOS), Critical Path (Nasdaq: CPTH), Silknet (Nasdaq: SILK), Chemdex
(Nasdaq: CMDX), MotherNature.com (Nasdaq: MTHR), Vicinity (Nasdaq:
VCNT) Asimba.com, AuctionWatch.com, Aureate Media, blaxxun,
BizBuyer.com, Boatscape.com, buyersedge.com, CarParts.com,
CraftShop.com, DiamondBack Systems, eCircles.com, eGroups.com,
EXP.com, FindLaw, FoodBuy.com, Furniture.com, Gamers.com, Gofish.com,
Half.com, HotLinks, Industria Systems, INPHO/HomePriceCheck.com,
Intelligent/Digital, KnowledgeFirst, KOZ.com, Mondera.com,
MyFamily.com, NextMonet.com, NextOffice.com, NextPlanetOver.com,
Oncology.com, OneCore.com, PlanetOutdoors.com, Productopia,
SnapFish.com, Speech Machines, SpotLife, ThingWorld.com, Virtual Ink,
Visto, Vstore and WebCT.
CMGI`s corporate headquarters is at 100 Brickstone Square,
Andover, MA 01810, Tel: [phone]. CMGI Ventures has offices there
as well as at 3000 Alpine Road, Menlo Park, CA 94028. For additional
information, see http://www.cmgi.com and http://www.ventures.com .
--30--mj/ny*
CONTACT: CMGI Ventures
Krista Thomas, 650/233-0333, ext. 25
kristaventures.com
or
For Gofish.com
Than Clevenger, 503/449-1029
tclevengergofish.com
TodINDUSTRY KEYWORD: COMPUTERS/ELECTRONICS INTERNET E-COMMERCE
NETWORKING FOODS/BEVERAGES
Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com


(c) 1998 Business Wire

[investor_007]

Man stelle sich den Fischer vor, der,
wenn er in den Hafen einläuft, seinen
Fang schon meistbietend versteigert hat.

mfg
investor_007