Business Wire, IPO.COM Establish Strategic Alliance

Business Wire, August 3, 1999

NEW YORK--(BUSINESS WIRE)--Aug. 3, 1999--

Business Wire (businesswire.com), the recognized leader in information distribution, and IPO.COM (ipo.com), the premiere initial public offering (IPO) information Web site entered into a strategic alliance, it was announced today.

The co-branding partnership will strengthen Business Wire's Web site as a leading Internet source for investment information for companies, investor relations professionals, and the financial media that require timely and comprehensive information about initial public offerings in various industry categories.

"By importing IPO.COM's real-time information into Business Wire's `IPOs on the Net' service, we have enhanced an important online information service for the underwriting community and others," said Cathy Baron Tamraz, Business Wire's executive vice president. "Our partnership with IPO.COM will provide newly public companies with valuable Internet exposure, and deliver pertinent and comprehensive investor relations information to a larger investment and media audience."

`IPOs on the Net,' which is modeled after Business Wire's popular `Corporate News on the Net' page, provides companies with a custom web page for storing their corporate news releases, earnings announcements, historical web archiving, corporate profile, a tombstone ad, and other key links to pertinent background pages, including annual reports, key contact lists, and facility locations. `IPOs on the Net' also links to Business Wire's home page (businesswire.com).

"IPO.COM (www.ipo.com) is pleased to provide our leading IPO content package to Business Wire. Through this partnership, we were able to create a fully customized IPO-specific content area for Business Wire's site users," said Brad Sinrod, president and CEO of IPO.COM, Inc.

IPO.COM provides host sites for companies to electronically transmit information to potential investors. These sites include `IPO Pricings' which lists up-to-date IPO pricings for companies listed on the NASDAQ, AMEX, and NYSE exchanges; `IPO Filings' which reviews a complete listing of the most recent IPO filings; `IPO Calendar' which enables users to view the current list of IPOs to be priced and traded; and `IPO Search' which helps locate current IPO information.

About Business Wire

Founded in 1961 by its president, Lorry I. Lokey, veteran journalist and public relations executive, Business Wire is the leading source of news on major U.S. corporations, including Fortune 1000 and NASDAQ companies.

The company electronically disseminates full-text news releases for public and investor relations professionals simultaneously to the news media, the Internet, online services and databases, and the investment community worldwide.

The company has 26 offices throughout the United States and reciprocal offices throughout the world.

About IPO.COM

IPO.COM is the leading Internet provider of content and services to investors interested in initial public offerings, private placements, and emerging growth companies. The company was formed in 1997 to electronically host and distribute initial public offering prospectuses and private placement memoranda. The company is also the leading Internet publisher of content surrounding the initial public offering market, providing initial public offering summaries, up-to-date pricing and filing data, daily columns and free weekly email newsletters through the company's Web site and over 125 financial content Web sites. IPO.COM has offices in New York, Pennsylvania and California. They can be found on the web at www.ipo.com.