|NEWS ABOUT THE PROGRAM
1. Netpreneurs Wow Smithsonian Crowd
2. In Like A Lion, Out Like A DoughNet
3. Newly Assembled At The FAQtory
1. Assentor Provides Email Screening For Brokerage Firms
2. webMethods Offers Automation Toolkit Free On The Net
3. PBS TechKnow For Kids Aims To Produce Savvy Surfers
4. Intelidata Offers End-To-End Home Banking Solution
5. Publiotech Redefines On-Demand Publishing
6. Covering Space News On The Web
1. Smip Syndicates Creators On The Web
2. IRE Forms Strategic Alliance In Asia
3. NetResponse Delivers Harvard Law Courses
1. Who's Bringing Whom To The Web? NMP Inc.
FUNDING & FINANCE NEWS
1. InfoData Nets $6.5 Million From Public Offering
2. ISCG Acquires Wavefront Consulting
3. SRT Acquires Tower Assets Of PB Industries
News About The Netpreneur Program
1. NETPRENEURS WOW SMITHSONIAN CROWD
It's the hunt for Moby Dick, a roller coaster ride, Jolt Cola and Twinkies. It's Darwinism
That's how five of our region's netpreneurial up-and-comers described what it's like
growing a Net-based business at "Networking With The Netpreneurs" last night at
the Smithsonian Institution's National Museum of Natural History. Actually, your editor
thought for a moment that he was at the NCAA Tournament the way people were trying to find
last minute tickets in the hall. The impressive Baird Auditorium held 565, strictly
enforced. Especially nice to see were the large number of new faces at a Netpreneur
Program event, presumably members of The Smithsonian Associates audience.
Describing their pioneering efforts in the new digital economy last night were Susan
DeFife, founder, president, and CEO of Women's Connection Online (WCO); Raul Fernandez,
founder and CEO of Proxicom, Inc.; Nat Kannan, founder and CEO of UOL (University Online)
Publishing; and Rob McGovern, president and CEO of CareerBuilder, Inc. Our thanks to them
all for an enlightening evening. Pretty nice company they've joined. Among past
Smithsonian Associate guests are Muhammad Ali, Henry Kissinger and Desmond Tutu, not to
mention the world-class musicians, scholars and artists who perform or speak around the
So, what's this got to do with white whales, rides, soda pop, cream-filled sponge cake,
and natural selection? Find out in the article recapping the event at:
By next week, we should also have the complete transcript of the evening up at
Netpreneur Exchange. We'll keep you posted.
2. IN LIKE A LION, OUT LIKE A DOUGHNET
The next Coffee & DoughNets has been scheduled for March 26 at the ANA Hotel in DC.
Mario Morino will talk about "Positioning Your Business" and cover issues such
as defining mission and vision, market sectors, niches and strategy. That's in addition to
the regular networking, success stories and interaction. Mark your calendars, but register
now because you know how fast DoughNets fill up.
Register for C&DNets: http://netpreneur.org/doughnets
3. NEWLY ASSEMBLED AT THE FAQtory
We've got a thoroughly impressive and thoroughly thorough discourse that's been added to
the Executive Compensation FAQ sent in by Peter Kennedy of WTR Consulting. Even if you
visited this one before, we urge you to check out Mr. Kennedy's contribution. Look also
for "Valuing A Services Company" in the Funding area, "Intellectual
Property And Web Site Design" in the Legal area. The usual FAQtory caveat applies:
these are not necessarily complete explications. They reflect recent discussion among our
netpreneur community and are added to regularly. Please contribute your comments.
1. ASSENTOR PROVIDES EMAIL SCREENING FOR BROKERAGE FIRMS
(Fairfax, VA) SRA International, Inc. announced the availability of Assentor, which the
company says is the first automated email message screening system specifically designed
for the financial services industry. Securities firms use Assentor as a compliance tool to
allow brokers to communicate with clients via email while conforming to regulatory
guidelines. SEC regulations regarding email messages call for a reasonable review of
broker communications. Assentor enables a firm's internal review operation to flag
automatically potentially improper communications, such as illegal stock hyping, high
pressure sales tactics, and insider trading, for human review. Assentor also enables
compliance with SEC rules 17a-3 and 17a-4 regarding archiving of business-related
communications. Over the past six months, four brokerage firms -- CIBC Oppenheimer,
Friedman, Billings, Ramsey & Co., PaineWebber, and Scott & Stringfellow -- have
tested an early adopter version of Assentor.
2. WEBMETHODS OFFERS AUTOMATION TOOLKIT FREE ON THE NET
(Fairfax, VA) webMethods, Inc. announced the free availability of its Web Automation
Toolkit. The Toolkit is a development environment that enables users to connect
applications to existing Web sites and introduces the ability to use Web protocols to
integrate business applications directly over the Web. The Toolkit uses the eXtensible
Markup Language (XML) for data exchange within existing HTML. The Toolkit includes an
HTML/XML parser and an XML-RPC that enables any application to exchange data with any
other application using just HTTP and XML. The Toolkit automatically generates client
code, so developers don't need to work at the level of an XML parser. The free Toolkit,
which can be downloaded from the company Web site, also includes a Personal Server, that
supports two users, enabling deployment of prototype applications. To deploy to larger
numbers of corporate users, webMethods' Web Automation Server is required. The Toolkit and
Server are available for all platforms that support Java.
3. PBS TECHKNOW FOR KIDS AIMS TO PRODUCE SAVVY SURFERS
(Alexandria, VA) PBS TechKnow, a Web site devoted to helping children become cyberliterate
by teaching them how to make informed choices about the sites they visit, has premiered at
PBS Online. Available through the PBS Kids neighborhood, PBS TechKnow engages youngsters
in activities which encourage them to examine the sites and advertisements they encounter
on the Web. The site includes the "Computers In My Future" essay and Web site
design contest, in which kids will have a chance to win a trip to American Computer
Experience (ACE) summer camps. The contest seeks essays of 200-250 words describing how
computers will change the way children will communicate, learn, work and play in the
future. Contestants will incorporate their essays into Web sites of their own design,
using resources found on the PBS TechKnow site. The deadline is April 15.
PBS TechKnow: http://www.pbs.org/kids/techknow
4. INTELIDATA OFFERS END-TO-END HOME BANKING SOLUTION
(Herndon, VA) InteliData Technologies Corp. introduced what it calls the first end-to-end
OFX home banking solution certified to work with Microsoft Money personal financial
management and transaction software, and with Home Financial Network's (HFN) Home ATM.
InteliData's Interpose OFX product supports a broad set of home banking transactions,
including balance inquiry, statement download, bill payment and customer email. According
to Intellidata, prior to the introduction of the OFX standard, PC and Internet banking
products used proprietary communications protocols that forced banks to use third-party
service providers. Microsoft, HFN and other PC and Internet banking front-end providers
have adopted the OFX standard in their products, making it possible for financial
institutions to connect directly to their customers. Interpose OFX will also support other
products which implement OFX in the near future.
5. PUBLIOTECH REDEFINES ON-DEMAND PUBLISHING
(Reston, VA) Electric Press released Publiotech, a software product that enables
publishers to create and manage "digital publications" which are purchased
online, then printed on-demand. The process reduces printing and inventory carrying costs,
and enables the creation of custom publications. The product is targeted at publishers and
organizations who want to use the Internet to repurpose existing publications for new
sources of revenue. It is also intended for printers who can use it to create on-demand
services. The first such relationship was announced between Balmar Printing and Electric
Press, in which Balmar will provide on-demand printing service to Publiotech users in the
DC metro area. Balmar is the largest printer in the region, with facilities for print
production on-demand digital printing, mailing and fulfillment. Unlike other
document-management systems, which are primarily intended for intranet applications,
Publiotech is primarily for selling publications via the Internet, allows packaging
on-the-fly of dissimilar documents (such as HTML, WORD, TIFF and PDF files), and is
integrated with back-end accounting and fulfillment systems.
Electric Press: http://www.elpress.com
6. COVERING SPACE NEWS ON THE WEB
(Springfield, VA) Space News, a business newsweekly dedicated entirely to space, has begun
offering new features at its Space News Online site, including daily news updates, email
synopses of each week's Space News, searchable archives of back issues and special
reports. Editorial coverage includes space policies, politics and legislation; NASA and
other space agency programs; satellite communications, space business and finance; and
more. Free access is being offered until April 6. Those registering by that date will also
qualify for a special introductory membership offer of 66% off the regular rate for access
after April 6.
Space News: http://www.spacenews.com/sabout/ssub1.htm
1. SMIP SYNDICATES CREATORS ON THE WEB
(Vienna, VA) Smip Interactive and Los Angeles-based Creators Syndicate have introduced
several new features and online products at the redesigned Creators.com Web site. Creators
is one of the largest newspaper syndicates in the world, distributing comics, features and
editorials to over 2,400 newspapers around the globe. The site features two-week archives
of comic strips and columns, daily horoscopes, information on submitting ideas for
syndication, online crossword puzzles, online applications for reprint permission and
book-ordering areas. Through creators.com, Ann Landers, the most widely syndicated
columnist in the world, is now available online and is now accepting questions via email.
Other syndications include 14 comics; editorial cartoons by Mike Luckovich, Chip Bok and
Bob Gorrell; astrologer Joyce Jillson, and political commentators Mark Shields, Robert D.
Novak, Susan Estrich and Tony Snow. In addition to producing the Creators site, Smip
specializes in online content syndication, the production of new content and site
Smip Interactive: http://www.smip.com.
Creators Syndicate: http://www.creators.com
2. IRE FORMS STRATEGIC ALLIANCE IN ASIA
(Baltimore, MD) Information Resource Engineering (IRE) Inc. has formed a three-way
strategic alliance with Osaka Media Port (OMP) and Mitsubishi Corp. Under the agreement,
OMP, a New Common Carrier (NCC) in Japan, will work with IRE to market IRE's SafeNet
family of Virtual Private Network (VPN) security products and related services in Japan.
The two companies will also share information about technology and expertise in Internet
security. Mitsubishi will become OMP's first customer, with a VPN intended to provide
connectivity among the company's numerous global branches, with online access to a
database of company assets. The company's information warehouse will be made accessible by
a secure VPN operating over the Internet. Mitsubishi has also agreed to help with the new
3. NETRESPONSE DELIVERS HARVARD LAW
(Arlington, VA) Internet consultant NetResponse is creating a series of online courses
with the Berkman Center for Internet & Society at Harvard Law School. The first
course, "Privacy in Cyberspace" runs over several evenings beginning March 12.
Moderated by Professor Arthur R. Miller, the class is offered free to the public and
incorporates a variety of interactive techniques to complement Miller's Socratic teaching
method of posing hypothetical questions that engage the audience. The Berkman Center is a
research center dedicated to the exploration and understanding of cyberspace, its
development, dynamics, norms, standards and need, or lack thereof, for laws and sanctions.
You can register for the course at the Berkman site.
Berkman Center: http://www.berkmancenter.org
WHO'S BRINGING WHOM TO THE WEB?
Falls Church, VA-based NMP, Inc. ( http://www.nmpinc.com
) has created sites for the Mantua Citizens Association ( http://www.mantua.org
); Mincom ( http://www.mincom.com ), Australia's
largest exporter of computer software; and Samson Information Technology ( http://www.samsoninfotech.com ), a developer
imaging and workflow software based in Rego Park, NY.
Funding & Finance News
1. INFODATA NETS $6.5 MILLION FROM PUBLIC OFFERING
(Fairfax, VA) Infodata Systems, Inc. has netted approximately $6.5 million as a result of
its public offering of 1.6 million shares of common stock at an offering price of $5.00
per share. Underwriters for the offering were Southeast Research Partners, Inc. and GKN
Securities Corp. The company was the sole seller of the securities and will use the
proceeds for sales and marketing, research and development, repayment of institutional
debt and working capital. Infodata is a provi der of document sharing software products
and services. Its newest product, Virtual File Cabinet, helps global enterprises organize
and share documents stored in disparate locations and in incompatible systems.
2. ISCG ACQUIRES WAVEFRONT CONSULTING
(Vienna, VA) WaveFront Consulting, Inc.was acquired by Integrated Systems Consulting Group
(ISCG) of Wayne, PA. WaveFront is an information technology consulting firm specializing
in providing distributed computing solutions, including client/server and Internet
development, principally in the telecommunications industry. It currently employs 30
people and reported revenues of $2.8 million for 1997. ISCG provides software applications
development and systems and network management consulting services. Terms of the cash
transaction were not disclosed.
3. SRT ACQUIRES TOWER ASSETS OF PB INDUSTRIES
(Falls Church, VA) Spectrum Resources Towers, L.P. (SRT) acquired the tower assets of PB
Industries, based in Enid, OK. The purchase represents 20 towers, all located in Oklahoma,
with major tenants such as Western Wireless, Sprint PCS, PageNet and PageMart. The
purchase was made as part of a $60 million financing commitment through VS&A
Communications Partners II, L.P., a $330 million investment partnership of Veronis, Suhler
& Associates, that invests solely in the media and communications industry. In
addition to acquiring existing communications towers, SRT has participated in transactions
involving more than 150 towers in the last twelve months.