Go2Net and Vulcan Ventures Inc. to Invest $20 Million in Commtouch Software Ltd.
Summary
More than 15,000 new sites register each month to offer ZapZone email for their users, while HyperMart and Virtual Avenue attract a total of more than 1,000 new member businesses per day. It also represents a compelling opportunity to directly participate in the growth of a company which has solid management, exceptional products and highly scalable technologies, all of which are very well-positioned, nationally and globally, for leadership in one of the Internets most popular categories," said Russell C. Horowitz, Go2Net Chief Executive Officer. The companys business partnerships include Excite International, McGraw Hills Business Week Magazine, Discovery Channel Online, Nippon Telephone and Telegraph, ZDNet, Talk City, LookSmart, The Headbone Zone, Music.com, News Corp and Peoples Daily Joint Venture ChinaByte, and the Hollinger Groups Jerusalem Post. When available, a copy of a written prospectus for the ordinary shares may be obtained from Jim Collins, c/o Commtouch Software Inc. 3945 Freedom Circle, Suite 730, Santa Clara, CA 95054. Go2Net is a network of branded, technology- and community-driven Web sites focused on the following categories: personal finance, search and directory, commerce and business services, and games.