To: Ms. Baby Boomer who wrote (2326) | 5/9/2000 10:49:00 PM | From: Ms. Baby Boomer | | |
NewsEdge Announces Q1 Results, New Strategy -- Focuses Company Resources on eContent Market
New eTopics Product Captures More than 60 New Customers in Limited Release
BURLINGTON, Mass.--(BUSINESS WIRE)--May 9, 2000-- NewsEdge Corporation (Nasdaq: NEWZ) today announced first quarter financial results and a strategic realignment that dramatically broadens its focus from serving knowledge workers in Global 2000 corporations to providing digital eContent to over 2.5 million business oriented Web sites worldwide. This global plan capitalizes on the firm's media partnerships, technology, editorial expertise and international sales and support infrastructure to provide targeted business content applications that make corporate intranets, extranets, public Web sites, e-commerce exchanges and portals more effective.
"This is the biggest change in direction in the company's history," said Cliff Pollan, President and CEO. "We have been very successful selling news to knowledge workers for the past decade, and are using that success as the foundation for our move into new markets. Currently Delphi values the eContent market at $13 billion. We will now leverage a considerable portion of our resources to help current clients and other businesses extend their customer and supplier relationships onto the Internet."
Effective immediately, NewsEdge has reorganized its resources around eContent management, developing new e-content applications and adding new sales channels. Nearly half of the Company's resources will now be dedicated to the new eContent strategy.
Mr. Pollan continued, "The Internet economy is transforming the way goods and services are bought and sold. The Gartner Group estimates the market for BXB commerce to top $2.7 trillion by 2004. Accordingly there is vast, unmet need for powering these exchanges with business-focused content that can actually improve the experience and transactional effectiveness of eBusiness."
Strategic Focus on eContent Market
Today's Web economics are driven by a critical business need to build audiences as quickly as possible while achieving profitability. In today's business world the ability to simply attract site traffic isn't enough.
Mr. Pollan added, "NewsEdge is uniquely positioned to deliver vertically targeted content to help Web sites appeal to specialized audiences, foster high frequency usage, and ultimately, cultivate eCommerce. Nobody delivers more targeted electronic content on a daily basis to corporations worldwide than NewsEdge," said Mr. Pollan. "Our years of experience in developing media sources, together with the technology and editorial output from our NewsEdge Refinery(TM) provides us a significant competitive advantage in this attractive new marketplace."
"The next phase of eContent is "contextual commerce" -- the ability to map business content to transaction opportunities. Contextual commerce and eContent work in tandem as integral components in a business's long-term survival and together represent a significant potential revenue opportunity for the company."
Early Success for First eContent Product Offering
NewsEdge's first product specifically designed to exploit this strategic redirection is eTopics (see separate release, ("NewsEdge announces eTopics:Custom Editorial Content Now Available for Business Web Sites") The eTopics product delivers current, tailored business content to web portals, extranets and e-commerce exchanges. Previously available on a limited basis, orders with an annual value of over $1 million of the eTopic product have already been sold to over 60 customers as diverse as Agilent, micronpc, Industry Solutions On-Line, LTD and Purchasing Center.com. When adding these new product results to the company's existing efforts, NewsEdge's total eContent sales already exceed $3 million in annual contract value today.
With eTopics, companies can select topics from NewsEdge's extensive editorial library of 1,500 business-oriented topics. Each topic is fully incorporated into the site, providing visitors with the day's top stories in headline and brief format. Visitors can choose to delve into the full text article by clicking on the title. Each morning the site is stocked with fresh content from over 200 respected global information sources, including The Associated Press, Phillips, American Health Consultants, IDG (InfoWorld) and Bridge.
First Quarter Financial Results
NewsEdge today also announced its financial results for its first quarter of 2000 ended March 31, 2000. Reflecting one-time expenses of $1,368,000 related to retention payments, transaction costs and expenses incurred as part of the terminated acquisition of NewsEdge by Rowecom, Inc. and $2,066,000 related to asset write-offs and reserves associated with the Company's transition to its aforementioned eContent strategy, the Company reported a net loss from continuing operations of $7,132,000, or $0.40 per share, compared to a net loss of $1,257,000, or $0.07 per share, in the 1999 first quarter. The Company expects to incur an additional $550,000 in retention payments related to the Rowecom transaction in the second quarter of 2000. After giving effect to a $5,494,000 gain on the sale of its 80% equity interest in Individual.com, Inc. in February, net of operating losses, the Company reported a net loss of $3,497,000, or $0.20 per share, compared to a net loss of $3,185,000, or $0.18 per share, in the first quarter of 1999.
Excluding the non-recurring items, the gain on the sale of Individual.com and operating losses from the discontinued business segment, NewsEdge would have reported a net loss from continuing operations of $3,698,000, compared to a net loss of $1,257,000 in the year ago first quarter. Revenue for the first quarter of 2000 totaled $17,329,000, compared to $18,360,000 in the year ago quarter, which includes $641,000 related to discontinued product lines. Excluding harvested revenue, comparable revenue for the first quarter of 1999 was $17,719,000.
"NewsEdge is leveraging its core assets to enter an exciting new market ," said NewsEdge CFO Ron Benanto. "With approximately $17 million in cash, and the continuing receipt of proceeds from the sale of Individual.com and a debt free balance sheet, we are well capitalized to pursue this opportunity and are squarely focused on enhancing shareholder value."
About NewsEdge Corporation
NewsEdge Corporation (Nasdaq: NEWZ) is the leading provider of eContent applications for business web sites and enterprise intranets. NewsEdge's serves approximately 1,450 organizations, including 43 of Business Week's 50 largest global companies, with award-winning news and information solutions including NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM) topics. NewsEdge is headquartered in Burlington, Massachusetts with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation, please visit the company's Web site at newsedge.com
(c)NewsEdge Corporation, 2000, all rights reserved. NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.
Certain of the above statements on the Company's future revenue and financial performance, are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports.
(Summary Financial Table, Consolidated Statement of Operations, Balance Sheet to follow)
NEWSEDGE CORPORATION Summary Financial Table (unaudited), Excluding One-Time Items (in thousands, except per share data)
Three Months Ended March 31, 2000 1999 ----- ---- Revenues $17,329 $17,719 Other revenues(a) 641 --------------- ------------ Total revenues $17,329 $18,360 Operating Expenses Cost of Revenues 7,566 7,720 Customer support expenses 1,469 1,293 Development expenses 2,637 2,339 Sales and marketing expenses 8,795 7,937 General and administrative expenses 765 727 -------------- ------------- Total expenses 21,232 20,016
Operating loss (3,903) (1,656) Interest income, net 229 432 --------------- --------------- Loss from continuing operations before taxes (3,674) (1,224) Provision for income taxes 24 33 --------------- --------------- Net loss from continuing operations (3,698) (1,257) =============== ===============
NEWSEDGE CORPORATION Consolidated Statements Of Operations (unaudited) (in thousands, except per share data)
Three Months Ended March 31, 2000 1999 Revenues $17,329 $17,719 Other revenues(a) 641 -------------- --------------- Total revenue $17,329 $18,360 Cost of revenues 7,566 7,720 --------------- --------------- Gross Profit 9,763 10,640 Operating Expenses # Customer support expenses 1,498 1,293 Development expenses 3,243 2,339 Sales and marketing expenses 9,766 7,937 General and administrative expenses 2,593 727 --------------- --------------- Total expenses 17,100 12,296
Operating loss (7,337) (1,656) Interest income, net 229 432 --------------- --------------- Loss from continuing operations before taxes (7,108) (1,224) Provision for income taxes 24 33 --------------- --------------- Net loss from continuing operations (7,132) (1,257)
Loss from discontinued operations, net (1,859) (1,928) Gain on the sales of Invididual.com, Inc. 5,494 -- --------------- --------------- Income (loss) from discontinued operations 3,635 (1,928)
Net loss applicable to common shares $(3,497) $(3,185) =============== ===============
Net loss per common share Continuing operations $(0.40) $(0.07) Discontinued operations $0.20 $(0.11) --------------- -------------- Total loss per common share $(0.20) $(0.18) =============== ===============
Weighted average common shares outstanding 17,684,000 17,305,000 =============== ===============
(a) "Other" represents terminated/harvested product lines that have been phased out and/or de-emphasized by the Company.
# 2000 first quarter expenses include certain non-recurring charges totaling $3,434,000. These include $1,368,000 in costs related to retention payments, transaction costs and expenses incurred as part of the termination of the Rowecom, Inc. acquisition of NewsEdge and $2,066,000 in asset write-offs and reserves associated with the Company's transition to its new strategic direction.
NewsEdge Corporation and Subsidiaries Condensed Consolidated Balance Sheet (in thousands, except share data)
March 31, December 31, 2000 1999 ----------------- ---------------- ASSETS (unaudited)
Current assets: Cash and cash equivalents $16,673 $20,278 Accounts receivable 18,857 11,280 Due from WinStar 5,500 - Prepaid expenses and deposits 5,603 5,132 ----------------- ---------------- Total current assets 46,633 36,690 ----------------- ----------------
Property and equipment, net 8,436 9,398 ----------------- ----------------
Other assets 1,127 1,766 ----------------- --------------- Total assets $56,196 $47,854 ================= ================
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities: Accounts payable $3,353 $2,869 Accrued expenses 17,881 14,837 Deferred revenue, current 30,569 23,010 Current portion of long-term obligations 181 303 ----------------- ---------------- Total current liabilities 51,984 41,019 ----------------- ----------------
Deferred revenue, nonrecurring 275 124 ----------------- ----------------
Stockholders' equity: Common stock 182 181 Additional paid-in capital 130,781 130,136 Cumulative translation adjustment 19 (58) Accumulated deficit (124,319) (120,822) Treasury stock, at cost; 432,000 shares (2,726) (2,726) ----------------- ----------------
Total stockholders' equity 3,937 6,711 ----------------- ----------------
Total liabilities & stockholders' equity $56,196 $47,854 ================= ================
The accompanying notes are an integral part of these condensed consolidated financial statements.
-------------------------------------------------------------------------------- Contact:
Ron Benanto NewsEdge Corporation 781-229-3070 ron.benanto@newsedge.com OR Ann Shannon Mullen Pubic Relations 978-468-1155 ashannon@mullen.com OR Stewart Lewack, Robert Rinderman Jaffoni & Collins Incorporated 617-236-0052, 212-835-8500 newz@jcir.com |
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To: Ms. Baby Boomer who wrote (2327) | 5/19/2000 6:08:00 PM | From: Ms. Baby Boomer | | |
NEWZ Announces Key Additions to Senior Management Team
New appointments follow company's recent strategic realignment
BURLINGTON, Mass., May 18 /PRNewswire/ -- NewsEdge Corporation (Nasdaq: NEWZ), today announced two new appointments to the Company's senior management team. NewsEdge president and CEO Cliff Pollan announced Jon McNerney as Senior Vice President of Global Sales and Charlie White as Vice President of eContent Services. McNerney and White will report directly to Pollan.
The appointments come on the heels of the Company's recent announcement that it will attack the emerging eContent market, redirecting nearly half of its resources to support the effort.
"NewsEdge's human capital is one of this Company's recognized core assets," said Pollan. "Jon McNerney and Charlie White will be key players on our revitalized management team as we move forward with our new strategy," said Pollan.
As Senior VP of Global Sales, McNerney will lead the Company's worldwide sales team. McNerney previously led NewsEdge's European operations, which more than doubled its new business growth in 1999. With extensive experience in the electronic information industry, McNerney has served as VP at Investment Intelligence Services Corporation (IISC), a financial systems integrator, and as VP and General Manager at Government Technology Inc., a worldwide hardware and software distributor.
White, previously focused on business development for the Company, assumes responsibility for all areas of the newly formed eContent group. The group integrates all functions in designing, building, packaging and pricing the Company's new eContent offerings, including content licensing, product design and management, development, editorial and business development. After joining the Company in 1993, White has successfully led many important initiatives, including the recent launch of eTopics(TM), the Company's first product for the eContent market. White's background includes positions in business development at Individual, Inc. and in sales at MarketPulse Corporation and BayBank Corporation.
NewsEdge Corporation
NewsEdge Corporation (Nasdaq: NEWZ) is a leading provider of eContent applications for business web sites and enterprise intranets. Differentiating NewsEdge is its core competency in refining and personalizing content via the company's editorial team of industry specialists. NewsEdge's serves approximately 1,450 organizations, including 43 of Business Week's 50 largest global companies, with award-winning news and information solutions including NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM) topics. NewsEdge is headquartered in Burlington, Massachusetts with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation, please visit the company's Web site at newsedge.com.
NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.
Certain of the above statements on the Company's future revenue and financial performance, are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports.
--------------------------------------------------------------------------------
SOURCE: NewsEdge Corporation CONTACT: Ann Shannon of Mullen Public Relations, 978-468-1155, or ashannon@mullen.com, for NewsEdge Corporation; or Paul Joyal of NewsEdge Corporation, 781-229-3342, or paul.joyal@newsedge.com |
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To: Ms. Baby Boomer who wrote (2329) | 6/14/2000 11:12:00 PM | From: Ms. Baby Boomer | | |
NEWZ Signs 100th eTopics(TM) Customer
-Demand for Digital Business Content Sparks Rapid Sales for NewsEdge eContent Product-
BURLINGTON, Mass., June 14 /PRNewswire/ -- NewsEdge Corporation (Nasdaq: NEWZ), today announced the signing of its 100th eTopics(TM) customer. Last month the Company announced a strategic refocusing on eContent solutions to business-oriented Web sites, which has generated rapid sales since its release. Aggregate annual contract value for eTopics is now approximately $2 million
eTopics delivers current, editorially tailored global business content to corporate intranets, web portals, extranets and e-commerce exchanges. Clients include Salary.com, Industry Solutions Online Ltd, Agilent, healthchannel.com, hrVillage.com and B2BXchange, Inc.
"This phenomenal response to eTopics validates recent market research and our firm belief in the demand for business-specific content on the Web," said NewsEdge CEO and President Cliff Pollan. "We are well positioned in this market space and will continue leveraging our unique technology and editorial innovations to help business web sites with their diverse content needs which support their readership and commerce goals."
In May, the Company announced that it would refocus its resources around eContent management, developing new eContent solutions and adding new sales channels. In limited release prior to general commercial availability, 60 customers purchased eTopics, generating orders with an annual value of over $1 million.
How It Works
eTopics customers select topics from NewsEdge's editorial library of 1,500 business oriented topics, filtered and reviewed by the Company's editorial experts. Each topic is incorporated into the customer site, providing visitors with the day's top stories. Additionally, web site managers have the option of working directly with the Company's editorial experts to create custom topics specific to their needs, to be maintained daily by NewsEdge staff. Each business day the site is replenished with fresh content from over 400 information sources worldwide, including The Associated Press, Knight- Ridder Tribune, Le Monde, Il Sole 24 Ore, Neue Zurcher Zeitung, Phillips, American Health Consultants, InfoWorld, News Straits Times, and Bridge News.
Clients on Board
Salary.com is among the new clients to augment their sites with eTopics. The Wellesley, MA-based company provides compensation data and content online at no charge for individuals, business managers and human resource professionals.
Andy Linn, Senior Vice President of Product Management at Salary.com commented, "With eTopics, we can provide relevant, timely content that business and HR managers need to stay informed about compensation issues in the news. eTopics' daily content aggregated from hundreds of sources and integrated with our own original research, data, and feature articles enhances our position as the leader in on-line compensation information."
Another early adopter of eTopics is Industry Solutions OnLine Ltd., a UK- based wholly owned subsidiary of Sterling Publishing Group PLC which provides business-to-business vertical web sites in industries including power, chemicals and water.
"Using eTopics, the latest industry news was quite easily implemented on the first of many web sites we will launch in the coming year," said Julie West at Industry Solutions OnLine. "We are impressed by the range of industry-specific sectors covered by eTopics, and confident that content is suitable for the specific interests of the site's audience."
NewsEdge Corporation
NewsEdge Corporation (Nasdaq: NEWZ) is a leading provider of eContent solutions for business oriented web sites. Differentiating NewsEdge is its core competency in refining and personalizing content via the company's editorial team of industry specialists. NewsEdge's serves approximately 1,450 organizations, including 43 of Business Week's 50 largest global companies, with award-winning news and information solutions including eTopics?NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM) topics. NewsEdge is headquartered in Burlington, Massachusetts with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation, please visit the company's Web site at newsedge.com.
NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.
Certain of the above statements on the Company's future revenue and financial performance, are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports.
-------------------------------------------------------------------------------- SOURCE: NewsEdge Corporation CONTACT: Ann Shannon of Mullen Public Relations, 978-468-1155, ashannon@mullen.com, Paul Joyal of NewsEdge Corporation, 781-229-3342, paul.joyal@newsedge.com |
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To: Ms. Baby Boomer who wrote (2330) | 6/16/2000 9:25:00 AM | From: Ms. Baby Boomer | | |
B2BXchange Partners With NewsEdge (NEWZ) to Provide Custom Editorial Content to VerticalXchange Trading Communities Services to be Available for More Than 1600 VerticalXchange Business Communities
MINNEAPOLIS, June 15 /PRNewswire/ -- B2BXchange, Inc., an Internet-based business-to-business software services provider and a VirtualFund, Inc. enterprise (Nasdaq: VFND), today announced that it will partner with NewsEdge Corporation (Nasdaq: NEWZ), a leading provider of eContent solutions for business web sites and enterprise intranets, to co-brand, integrate and deliver custom editorial content to more than 1600 B2BXchange(TM) vertical trading communities or VerticalXchanges(TM). NewsEdge specializes in the consolidation, management, and delivery of eContent for business. Industry and government leaders around the world rely on NewsEdge for editorialized, in-depth eContent services to help drive their eBusiness initiatives.
NewsEdge will deliver highly targeted global business news content directly to B2BXchange's VerticalXchange communities -- and into the hands of target audiences. Each industry-specific topic will be fully incorporated into the VerticalXchange site, providing subscribers with the day's top stories in headline and brief format. Each morning, the site will be stocked with fresh content from over 400 worldwide information sources, including The Associated Press, Knight-Ridder Tribune, Le Monde, Il Sole 24 Ore, Neue Zurcher Zeitung, Phillips, American Health Consultants, InfoWorld, News Straits Times, and Bridge News.
According to Charles White, vice-president of eContent Services for NewsEdge, "Demand for NewsEdge's new eTopics has been outstanding since our initial launch in May 2000. Key to driving this success has been the strength and experience of our editorial process that selects the most relevant content to support our customers' eBusiness initiatives. Through B2BXchange VerticalXchange trading communities, subscribers have built-in categories that separate news into specific industry markets."
B2BXchange allows businesses to engage in e-business, streamline internal and external processes, and share information with business partners, customers, employees and industry experts in Public, Partner and Private B2BXchange sites created with online tools and linked to one or more of its VerticalXchange trading communities.
"As volumes of information have become more overwhelming, businesses need a way to customize and prioritize their needs quickly," said Mel Masters, Chief Executive Officer of B2BXchange, Inc. "NewsEdge has spent more than 10 years refining the way it collects, sorts, and disseminates news to business users. By incorporating NewsEdge's eContent into our VerticalXchanges, we are able to provide subscribers with up-to-date information on their areas of interest. We expect NewsEdge to be 'live' on each VerticalXchange site by August 1, 2000."
"B2BXchange is 'The Gateway to the B2B Economy,'" according to Tim Crane, product marketing manager for B2BXchange, Inc. "Our intent is to provide aggregated content, collaboration and commerce to build and enhance business-to-business operations on the Internet. News is a major piece of that content, and NewsEdge offers the breadth and distribution capabilities that will make B2BXchange the place to go for the latest industry-related news and information. Ultimately, the aim is to broadcast customized content, finely-tuned to match the particular business interests of a department or an individual user. With the click of a mouse and free of charge, subscribers can access Internet tools, services and the Global Market Power(TM) offered at b2bxchange.net ."
About B2BXchange, Inc.
B2BXchange is a provider of Internet services that enable companies to build their businesses online -- fast! It is a fully incubated company established by VirtualFund, Inc. B2BXchange offers subscribers free access to basic applications that allow them to create an online presence and an electronic storefront. As the subscribers' businesses grow and they need more capabilities and ultimately more bandwidth, B2BXchange offers additional storage, bandwidth and more feature-rich applications to streamline their businesses. These additional features are available for a fee, ranging from $30 to $2,995 per month, depending on service level requirements. More information about B2BXchange can be found at b2bxchange.com
For more information about VirtualFund, visit the company's Web site at virtualfund.com
About NewsEdge Corporation
NewsEdge Corporation is a leading provider of eContent solutions for business oriented web sites. Differentiating NewsEdge is its core competency in refining and personalizing content via the company's editorial team of industry specialists. NewsEdge serves approximately 1,450 organizations, including 43 of Business Week's 50 largest global companies, with award-winning news and information solutions including eTopics(TM), NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM) topics. NewsEdge is headquartered in Burlington, Mass. with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation, please visit the company's Web site at newsedge.com
Safe Harbor: B2BXchange, a VirtualFund, Inc. enterprise, desires to take advantage of the "safe harbor" provisions contained in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words or phrases "promises," "expects," "will continue," "should," "is anticipated," or expressions of a similar nature denote forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or from those results presently anticipated or projected. The Company wishes to caution readers not to place undue reliance on forward-looking statements.
-------------------------------------------------------------------------------- SOURCE: VirtualFund, Inc. CONTACT: Sandra Crowley for B2BXchange, Inc., 952-941-8687, sandra.crowley@b2bxchange.com , or Investors, Mike Dreis of VirtualFund, Inc., 952-941-8687 |
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To: Tim Luke who wrote () | 6/28/2000 12:18:00 AM | From: Ms. Baby Boomer | | |
In the Dark About eCommerce? Become Enlightened with NewsEdge... Please join us for a Presentation & Discussion on how NewsEdge adds Value to your Web & eCommerce initiatives. THURSDAY, JUNE 29th 8-10am Session (breakfast served) OR 4:30-6:30pm Session (followed by cocktails) RSVP: Ingrid.Morris@newsedge.com or 212.655.7119 NewsEdge Corporation 622 Third Ave., 10th floor, New York, NY |
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To: Ms. Baby Boomer who wrote (2333) | 6/30/2000 3:20:49 PM | From: Ms. Baby Boomer | | | NEWZ & thehealthchannel.com form strategic alliance>
thehealthchannel.com Announces Strategic Alliance With NewsEdge and Proposes New Content Strategy
NEWPORT BEACH, Calif., Jun 28, 2000 (BUSINESS WIRE) -- thehealthchannel.com (OTC "Pink Sheets": THCL chart, msgs), Wednesday announced that it has established a strategic alliance with NewsEdge Corp. (Nasdaq: NEWZ chart, msgs), a leading provider of eContent solutions for business-oriented Web sites.
eTopics(TM), the customized news service from NewsEdge, aggregates and delivers current, editorially tailored business content to corporate intranets, Web portals, extranets and e-commerce exchanges. It provides content from more than 400 worldwide information sources, including The Associated Press, American Health Consultants, and InfoWorld. eTopics customers select topics from NewsEdge's editorial library of 1,500 business oriented topics.
Each topic is then incorporated into the customer site, providing users with the headlines for the day's top stories in the form of concise news briefs, along with their corresponding full-text articles. Currently there are 250 eTopics pertaining to the eHealth arena.
"We conducted in-depth research on numerous top content aggregators before selecting to partner with NewsEdge," said Mark Ressa, chief technology officer and vice president of corporate development of thehealthchannel.com. "NewsEdge allows us to deliver finely-tuned content that is tailored for our unique audience. Integrating eTopics into our mix of content, which initially will also include Integrativ Medicine, the premier information provider in the emerging field of integrative medicine, and articles exclusive to thehealthchannel.com, enhances our position as a provider of online eHealth information."
"We are pleased to partner with thehealthchannel.com to provide relevant, timely health-related content that is suitable for the specific interests of the site's audience," said Cliff Pollan, chief executive officer and president of NewsEdge. "We look forward to leveraging our unique technology and editorial innovations to allow its audience to stay informed about health issues in the news."
"As a company that focuses on helping to make the Internet a valuable resource to our members, our partnership with NewsEdge brings another great area of content to thehealthchannel.com," said Donald Shea, CEO of thehealthchannel.com. "This additional content that thehealthchannel.com is now able to offer its users will increase its value within the highly recognized healthcare environment."
A New Strategy For A New Business Environment
Recent shifts in the market have challenged Web companies that deliver economical information and content to the community as a part of their business model. "It is no longer feasible to employ large editorial, administrative and technical staffs to maintain information and community Web sites," said Ressa. "On the other hand, strong retention rates are only maintained when the content is highly relevant to the user. The divergent forces of controlling operating expenses, while making the user experience more personal, are not reconciled with technology alone. It requires a fresh, innovative and intelligent approach."
NewsEdge Corp. (Nasdaq: NEWZ chart, msgs) is a leading provider of eContent solutions for business-oriented Web sites. Differentiating NewsEdge is its core competency in refining and personalizing content via the company's editorial team of industry specialists. NewsEdge serves approximately 1700 clients, comprising intranets, extranets and eBusiness initiatives, with award-winning news and information solutions including iTopics, eTopic(TM), NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM) topics.
NewsEdge has headquarters in Burlington, Mass., with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corp., visit the company's Web site at www.newsedge.com.
With headquarters at 5000 Birch Street, Suite 4000, Newport Beach Calif., thehealthchannel.com, a Delaware corporation, is a Total Health Care Web site offering quality content and interactive health care management products for both the consumer and professional markets. thehealthchannel.com is also opportunistically creating proprietary B2B goods and services including Internet enabling traditional off-line healthcare businesses while offering a comprehensive health information Internet portal that offers a one-step access point for consumers and professionals who want to explore a broad array of health topics.
Safe Harbor Statement
Included in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct.
-------------------------------------------------------------------------------- Contact:
thehealthchannel.com, Newport Beach Thomas P. Lonergan, 888/663-8003 investorrelations@hotmail.com or Market Pathways Shannon T. Squyres, 949/955-1860 |
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To: Ms. Baby Boomer who wrote (2334) | 7/13/2000 1:43:01 PM | From: Ms. Baby Boomer | | | NEWZ Extends eContent Offerings into Corporate Portal Space with Plumtree Agreement
BURLINGTON, Mass., Jul 12, 2000 (BUSINESS WIRE) -- NewsEdge Corporation (Nasdaq: NEWZ chart, msgs), a leading provider of eContent web services for businesses, today announced that it has completed a joint business development agreement with corporate portal market-leader Plumtree Software, which extends NewsEdge's eContent offerings into the corporate portal space. Under the terms of the agreement, NewsEdge has developed a suite of Plumtree Portal Gadgets(TM), plug-in modules that embed components of applications and interactive Internet services in a personalized portal page, to incorporate business-focused topics and real-time scrolling news in the Plumtree Corporate Portal. Joint customers can now make business decisions based on real-time news streamed from the NewsEdge gadgets.
NewsEdge was selected by Plumtree Software to build gadgets for business-related news based on NewsEdge's market share and leadership position. The NewsEdge gadgets will enable users to choose from topic-based content and a la carte content from more than 1,500 news providers. The gadgets are available immediately.
"NewsEdge is focused on delivering only the most targeted industry specific content to corporate customers. Now, using NewsEdge, Plumtree portal customers can easily access the same type of business news more than 1,700 global companies rely on each day," said NewsEdge CEO and President Cliff Pollan. "The combination of NewsEdge's customized news review, refinement and distribution process, with our broad selection of highly recognized news sources provides corporate portal customers with the relevant news they need to gain a competitive edge and better achieve their business goals."
"The addition of NewsEdge to Plumtree's partner network means instantaneous news delivery for our joint customers," said Glenn Kelman, Plumtree's vice president of marketing and product management. "This is especially good news for our customers in industries that rely on breaking news, such as finance, or oil and gas. Now they can use the portal as a single point of access for external business news and internal applications, which will ultimately speed their business processes."
NewsEdge Corporation
NewsEdge Corporation (Nasdaq: NEWZ chart, msgs) is a leading provider of eContent solutions for business- oriented web sites. Differentiating NewsEdge is its core competency in refining and personalizing content via the company's editorial team of industry specialists. NewsEdge serves approximately 1,700 organizations, comprising intranets, extranets and eBusiness initiatives, with award-winning news and information solutions including eTopics(TM), NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM) topics. NewsEdge is headquartered in Burlington, Massachusetts with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation, please visit the company's Web site at newsedge.com.
(c)NewsEdge Corporation, 2000, all rights reserved. NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.
Certain of the above statements on the Company's future revenue and financial performance, are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports. |
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To: Ms. Baby Boomer who wrote (2335) | 7/28/2000 1:55:57 PM | From: Ms. Baby Boomer | | | NewsEdge Announces Strategic Relationship with Primedia's IndustryClick
Reflects Success of NewsEdge Business-Oriented eContent Syndication Strategy
BURLINGTON, Mass.--(BUSINESS WIRE)--July 27, 2000--NewsEdge Corporation (Nasdaq:NEWZ - news), a leading hypersyndicator of eContent and global news services, today announced a major strategic relationship with IndustryClick, a unit of Primedia, Inc. IndustryClick develops communities providing trusted, critical information required to work smarter and more productively. Under the terms of the multi-year agreement, NewsEdge and IndustryClick will work together in several ways:
NewsEdge will supply its eTopics(TM) content for Internet and wireless applications within IndustryClick. Through the NewsEdge Refinery(TM), content from Primedia's Intertec business-to-business magazine publishing group will be processed, coded and tagged for electronic use on IndustryClick's sites.
NewsEdge will syndicate content from Primedia's Intertec publishing group to NewsEdge corporate customers worldwide. ``IndustryClick's goal is to build the most compelling business verticals,'' said Tim Andrews, CEO of IndustryClick. ``We're bringing together unbiased, authoritative information to help our members make the right business decisions. We're excited to be working with NewsEdge to enhance our offerings through the addition of eTopics.''
``We're proud to have been chosen to help IndustryClick build their communities,'' said Cliff Pollan, NewsEdge's CEO. ``This is a very significant new strategic relationship for us and one where our clients worldwide will benefit too, through the syndication of Primedia content.''
About NewsEdge Corporation
NewsEdge Corporation (Nasdaq:NEWZ - news) is a leading provider of eContent and global news services. Differentiating NewsEdge is a core competency--built over more than a decade--in refining tens of thousands of daily news and eContent items into useful, granular feeds and delivering them over the Internet. The company employs a unique combination of leading technology and an editorial team of industry specialists to create an extensive and proprietary library of 1,500 business-oriented topics. NewsEdge serves Intranets, Extranets and eBusiness initiatives at 1700 organizations with award-winning news and information solutions including iTopics, eTopics(TM), NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM) topics. NewsEdge Corporation is headquartered in Burlington, Massachusetts, with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East.
For more information about NewsEdge Corporation, please visit the company's Web site at newsedge.com.
(c)NewsEdge Corporation, 2000, all rights reserved. NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.
Certain of the above statements on the Company's future revenue and financial performance, are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports. |
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