| 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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| To: Ms. Baby Boomer who wrote (2336) | 7/29/2000 3:04:16 PM | | From: Ms. Baby Boomer | | | | NEWZ 2nd Quarter Results
Friday July 28, 8:00 am Eastern Time
Company Press Release
NewsEdge Announces Second Quarter 2000 Results and Success of New Strategy, Including 100% Sequential Quarterly Increase in eTopic Customers
Increases cash balance to $20 million; Reduces operating loss from first quarter
BURLINGTON, Mass.--(BUSINESS WIRE)--July 28, 2000-- NewsEdge Corporation (Nasdaq:NEWZ - news), a leading syndicator of eContent and global news services, today reported financial results for the quarter ended June 30, 2000, the first full quarter since the Company's strategic realignment. NewsEdge also reported a 100% quarterly increase of eTopics customers to 125, and new eTopics orders worth more than $2 million. The operating loss of $1.8 million, excluding one-time items, has been reduced by almost $1.9 million compared to the first quarter of 2000. The Company finished the quarter with a cash balance of $20.0 million, up from $16.7 million reported as of March 31, 2000.
Financial Results for Second Quarter
For the quarter ended June 30, 2000, the Company reported a net loss of $1,281,000, or $0.08 per share, compared to a net loss of $2,611,000, or $0.15 per share, in the second quarter of 1999. The net loss for the second quarter of 2000 includes a $773,000 net gain relating to an adjustment to sale transaction expenses resulting from the February sale of its 80% equity interest in Individual.com, Inc. Net loss from continuing operations for the second quarter of 2000 totaled $2,054,000, compared to a loss from continuing operations of $639,000 for the second quarter of 1999. Excluding one-time expenses of $668,000 related to final retention cost incurred as part of the terminated acquisition of NewsEdge by RoweCom, Inc. and a one-time expense credit of $453,000 related to the reversal of prior acquisition-related reserves, the net loss from continuing operations in the second quarter totaled $1,839,000. The loss from continuing operations was reduced by almost $1.9 million compared to the first quarter 2000's net loss from continuing operations of $3,698,000. Revenue for the second quarter of 2000 totaled $17,672,000, and was up sequentially from the $17,329,000 reported in the first quarter of 2000. Revenue from the second quarter of 1999 was $18,441,000.
For the six months ended June 30, 2000, the Company reported a net loss of $4,778,000, or $0.28 per share, compared to a net loss of $5,796,000, or $0.33 per share, in the first six months of 1999. Net loss from continuing operations for the first six months of 2000 totaled $9,186,000, compared to a net loss of $1,896,000 from continuing operations for the first six months of 1999. Excluding one-time expenses of $2,036,000 related to expenses incurred as part of the terminated acquisition of NewsEdge by RoweCom, Inc., $2,066,000 related to charges associated with the Company's transition to its eContent strategy and the reversed acquisition related reserves, the net loss from continuing operations totaled $5,537,000. Revenue for the first six months of 2000 totaled $35,001,000, compared to equivalent revenue of $35,770,000 in the first half of 1999 that totaled $36,801,000 and included $1,031,000 related to harvested product lines.
Executing on eContent strategy
The Company achieved solid results from its new eContent strategy during the second quarter of 2000. In May, NewsEdge unveiled the biggest change in direction in the Company's 10-year history. The strategic realignment dramatically broadens the NewsEdge focus to providing existing and new customers with eContent services to power the estimated 2.5 million business-oriented Web sites worldwide. The global plan capitalizes on the firm's extensive media partnerships, proprietary technology, editorial expertise and international sales and support infrastructure, to provide targeted eContent applications to make corporate Intranets, Extranets, public Web sites, e-commerce exchanges and portals more effective. The new Internet eContent marketplace, in which NewsEdge is investing a considerable portion of its resources, is a multi-billion dollar industry and is growing rapidly.
Recent Highlights include:
More than doubling of eTopics customers to 125 (from 60 reported at the end of the first quarter).
New orders for eContent in the second quarter of $2.1 million, bringing the Company's eContent ACV (Annual Contract Value) to $8.1 million after only a few months of active marketing and selling, which shows considerable progress toward the Company's upwardly revised $12 million year-end goal.
The release and early sales of iTopics, the Company's service that integrates global business-focused content into enterprise Intranets. Companies can bolster Intranet usage and ensure that employees worldwide are up on the latest news and trends within their industry.
A major strategic eContent relationship with IndustryClick, a unit of Primedia, Inc. (NYSE:PRM - news) o Significant new partnerships including a joint business development with corporate portal market-leader Plumtree Software and a global strategic alliance with Hummingbird Communications (NASDAQ:HUMC, TSE:HUM), a world-leading enterprise software company.
The publication of a May 26 Outsell, Inc. Information About Information report naming NewsEdge Corporation as the largest news infomediary.
``Everyone at NewsEdge is thrilled by our noteworthy success after only a few months of executing on our new strategic direction and introducing our eTopics and iTopics offerings to the marketplace,'' said Cliff Pollan, CEO of NewsEdge Corporation. ``NewsEdge has doubled its eContent customers and announced a major strategic relationship with Primedia's IndustryClick to assist us in continuing to execute this viable new strategy.''
``With $20 million in cash and a debt-free balance sheet, NewsEdge has the financial resources to continue to execute on its new strategy,'' said NewsEdge CFO Ron Benanto. ``I'm encouraged about the progress in halving our sequential loss and bringing in $2.1 million in new high margin eContent orders. This progress should allow us to reach our goal of EBITDA break even within just a few quarters and deliver increasing shareholder value.''
``With millions of business-oriented Websites already in existence, and many more being created each day, there is substantial room for NewsEdge to grow,'' added Pollan.
``NewsEdge eContent has recently been integrated into such premier sites as those from Cable & Wireless, Mercedes Benz and Lockheed Martin as well as Industry Solutions Online and European Energy Services. We offer over 1,500 highly specific topics, which will enable companies in the high-tech, biomedical, manufacturing, consulting and financial services businesses to drive and retain traffic to their Web sites and Intranets.''
Separately, the Company announced that it has been notified by Nasdaq that it currently does not meet certain price and capitalization standards required for its National Market system. The Company is considering either raising capital to maintain its National Market listing or moving to the Nasdaq's Small Cap Market or AMEX. Given the Company's strong cash position and recent success with its new eContent strategy, the Company believes a listing on the Nasdaq Small Cap Market or the AMEX may be preferable to a dilutive financing intended only to meet the National Market capitalization requirement. The Company expects to make a decision on this matter on or about August 10, when management will be meeting with Nasdaq officials.
About NewsEdge Corporation
NewsEdge Corporation (Nasdaq:NEWZ - news) is a leading syndicator of eContent and global news services. Differentiating NewsEdge is the Company's 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 1,700 organizations with award-winning news and information solutions including iTopics(TM), 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. (tables follow)
(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.
NEWSEDGE CORPORATION
Consolidated Statement of Operations (unaudited)
(in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
------------ --------- ------------ ----------
Revenues $17,672 $18,051 $35,001 $35,770
Other revenues (a) 390 1,031
Total Revenues 17,672 18,441 35,001 36,801
Cost of Revenues 7,605 7,616 15,171 15,336
------------ ----------- ------------ ----------
Gross Profit 10,067 10,825 19,830 21,465
Operating Expenses (b)
Customer Support
Expenses 1,345 1,226 2,843 2,519
Development expenses 2,384 2,146 5,627 4,485
Sales and marketing
expenses 7,685 7,807 17,451 15,744
General and
administrative exps 1,420 723 4,013 1,450
Mergers, dispositions
and other expenses (453) - (453) -
------------ ----------- ------------ ----------
Total expenses 12,381 11,902 29,481 24,198
Operating loss (2,314) (1,077) (9,651) (2,733)
Interest income, net 275 456 504 888
------------ ----------- ------------- ----------
Loss from continuing
operations before provision
for taxes (2,039) (621) (9,147) (1,845)
Provision for
income taxes 15 18 39 51
------------ ------------- ------------ ----------
Net loss from
continuing
operations (2,054) (639) (9,186) (1,896)
Loss from discontinued
operations, net (1,972) (1,859) (3,900)
Net gain on the sale of
Individual.com, Inc. 773 - 6,267 -
Income (loss) from
discontinued operations 773 (1,972) 4,408 (3,900)
Net loss applicable to
common stockholders $(1,281) $(2,611) $(4,778) $(5,796)
Net loss per common share
Continuing operations $(0.12) $(0.04) $(0.52) $(0.11)
Discontinued operations 0.04 (0.11) 0.24 (0.22)
------------ ----------- ------------ --------
Total loss
per common share $(0.08) $(0.15) $(0.28) $(0.33)
============ =========== ============ =========
Weighted average
common shares
outstanding 17,696,000 17,351,000 17,690,000 17,328,000
============ ========== ============ ==========
(a) "Other" represents terminated / harvested product lines that have
been phased out and/or de-emphasized by the Company
(b) 2000 second quarter expenses include certain non-recurring
charges totaling $215,000. These include $668,000 in costs
related to final retention payments as part of the termination of
the RoweCom, Inc. acquisition of NewsEdge offset by the reversal
of $453,000 of acquisition related reserves no longer required.
Year-to-date 2000 expenses include non-recurring charges totaling
$3,649,000. These include $2,036,000 related to retention
payments, transaction costs and expenses incurred as part of the
RoweCom, Inc. termination, $2,066,000 in asset write-offs and
reserves associated with the Company's transition to its new
strategic direction and the ($453,000) reversal of acquisition
related reserves no longer required.
NEWSEDGE CORPORATION
Summary Financial Table (unaudited), Excluding One-Time Items
(in thousands, except per share data)
Three Months Ended Six Months Ended
June 30, June 30,
2000 1999 2000 1999
------------ ----------- ---------- ---------
Revenues $17,672 $18,051 $35,001 $35,770
Other revenues (a) 390 1,031
------------ ----------- ---------- --------
Total Revenues 17,672 18,441 35,001 36,801
Operating Expenses
Cost of Revenues 7,605 7,616 15,171 15,336
Customer support
expenses 1,345 1,226 2,814 2,519
Development
expenses 2,384 2,146 5,021 4,485
Sales and marketing
expenses 7,685 7,807 16,480 15,744
General and
administrative
expenses 752 723 1,517 1,450
Mergers, dispositions
and other expenses - - - -
------------ ----------- ---------- ----------
Total expenses 19,771 19,518 41,003 39,534
Operating loss (2,099) (1,077) (6,002) (2,733)
Interest income, net 275 456 504 888
---------------------------------------------------
Loss from continuing
operations before provision
for taxes (1,824) (621) (5,498) (1,845)
Provision for
income taxes 15 18 39 51
------------ ----------- ---------- ---------
Net loss from
continuing operations $(1,839) $(639) $(5,537) $(1,896)
============ =========== ========== ==========
NEWSEDGE CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
June 30, December 31,
2000 1999
-------------- ----------------
ASSETS (unaudited)
Current assets:
Cash and cash equivalents $ 20,004 $ 20,278
Accounts receivable 12,720 11,280
Due from WinStar 3,000 -
Prepaid expenses and deposits 6,433 5,132
Total current assets 42,157 36,690
Property and equipment, net 7,732 9,398
Other assets 1,124 1,766
------------------ ------------
Total assets $ 51,013 $ 47,854
====================== =============
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 4,313 $ 2,869
Accrued expenses 16,502 14,837
Deferred revenue, current 27,348 23,010
Current portion of
long-term obligations 74 303
Total current liabilities 48,237 41,109
------------------ ----------------
Deferred revenue, noncurrent 222 124
------------------- ----------------
Stockholders' equity:
Common stock 182 181
Additional paid-in capital 130,783 130,136
Cumulative translation adjustment (87) (58)
Accumulated deficit (125,598) (120,822)
Treasury stock, at cost;
432,000 shares at
June 30, 2000 and
December 31, 1999, respectively (2,726) (2,726)
Total stockholders' equity 2,554 6,711
---------------------- -------------
Total liabilities &
stockholders' equity $ 51,013 $ 47,854
====================== ============= |
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| To: Tim Luke who started this subject | 8/5/2000 12:51:38 AM | | From: Ms. Baby Boomer | | | | Hi Tim, NEWZ completes sale of INDV...
biz.yahoo.com
NewsEdge is expected to recognize a gain of approximately $2 million related to the sale, for the quarter ending September 30, 2000.
The remaining cash payment schedule for the entire transaction has now been finalized, with the remaining payments to be made by September 1, 2000, December 31, 2000 and a final payment of $1 million on February 28, 2001. |
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| To: Ms. Baby Boomer who wrote (2338) | 8/7/2000 3:48:27 PM | | From: Ms. Baby Boomer | | | | Media Companies Will Represent Fastest-Growing U.S. Industry Through 2004
According to Veronis Suhler's 14th Annual Communications Industry Forecast
See Business Information Services >
Factors driving BIS expansion include the integration of e-commerce and e-content into traditional data-driven services; increased computing power; increasing availability of broadband Internet access; advances in streaming video and Web browsers; and improved analytical software -- all enabling businesses and individuals to access information efficiently from an ever-increasing universe of sources. The enhanced technology has also been a boon for third-party aggregators -- companies such as NewsEdge, FactSet, Comtex and OneSource that integrate and interpret business data from multiple sources for high-margin resale.
Full Story link @ newsalert.com |
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| To: Ms. Baby Boomer who wrote (2339) | 8/8/2000 4:24:10 PM | | From: Ms. Baby Boomer | | | | NEWZ completes $1.85M Private Placement >
Tuesday August 8, 11:41 am Eastern Time
Press Release
BURLINGTON, Mass.--(BUSINESS WIRE)--Aug. 8, 2000--NewsEdge Corporation (Nasdaq:NEWZ - news), a syndicator of eContent and global news services, today announced it has closed a financing of $1,845,000 through a private placement of 868,234 shares of its common stock. The investors consisted of existing shareholders, officers and directors of the Company and one new investor. In connection with the private placement, the Company also issued warrants to purchase approximately 492,000 shares of common stock with an exercise price of $4.00 per share to the same investors.
The common stock offered in the private placement has not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About NewsEdge Corporation
NewsEdge Corporation (Nasdaq:NEWZ - news) is a syndicator of eContent and global news services. Differentiating NewsEdge is the Company's 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 1,700 organizations with award-winning news and information solutions including iTopics(TM), 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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| To: Ms. Baby Boomer who wrote (2340) | 8/8/2000 9:59:58 PM | | From: cliff28 | | | | Maria,
Thanks for keeping the site alive for the last few months. I have held NEWZ for several years now and would like to some day see a comeback. I am in the pharma industry and NEWZ products are used for many industry tracking purposes. I tracked pharma information in my previous job and used NEWZ services. The product I used was the best of several choices. I have felt that the company was worth more than it has been valued which is why I continued to hold through the attempted ROWE buyout. Not sure if we will ever make it back but, from using the product, I feel that holding will be rewarding eventually.
Thanks for keeping the posts current. |
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