From company press release:
|An SI Board Since December 1998|
SOFTBANK Company Merges First Virtual Holdings, Email Publishing and Distributed Bits
SAN DIEGO--(BUSINESS WIRE)--Dec. 16, 1998-- Reflecting its focus on advanced e-mail systems and services for electronic commerce, First Virtual Holdings Inc. today unveiled a new corporate name and stock symbol, and announced the consummation of two strategic acquisitions.
Now called "MessageMedia Inc.," the company consolidates First Virtual Holdings Inc., Email Publishing Inc. and Distributed Bits, L.L.C. Effective as of the opening of business on Thursday, Dec. 17, 1998, MessageMedia's Common Stock will trade on the Nasdaq National Market under the new stock symbol "MAIL," replacing the company's current stock symbol "FVHI." SOFTBANK Holdings Inc. and its affiliates own approximately 56% percent of the outstanding common stock of MessageMedia.
"The launch of MessageMedia represents the culmination of an 18-month period of decisive actions designed to properly position the company as the leading provider of electronic messaging solutions," said Bradley Feld, co-chairman and general partner with SOFTBANK Technology Ventures.
"Our combined roster now includes more than 60 leading customers, including such prominent organizations as E*TRADE, USA Today, GeoCities, Intuit, CMP Media and Bertelsmann."
First Virtual Holdings pioneered secure electronic payment systems using Internet e-mail, and realigned its business model over the past two years to concentrate on developing a system for relationship-based transactive messaging using its patented innovations in e-mail technologies. Its Interactive Messaging Center is emerging as the first integrated system to fully harness e-mail as a comprehensive one-to-one sales and service channel.
Intreractive e-mail will drive the company/customer relationship as e-commerce matures. Any thoughts on this great company??