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News Center Top Story Archives
Week of April 9th, 1998
Issue 14, Volume III
NEWS ABOUT THE PROGRAM
1. Laws Of The Netpreneurial Jungle
REGIONAL NETPRENEURS
1. Alexus Introduces Resume Network
2. New Report.Web Distribution Server From NSA
3. Tax Time Tips For Entrepreneurs
4. RIG Signs Los Angeles Realtors
5. TV on the WEB Goes To The Races
PARTNERSHIPS
1. Mercury Takes Discovery To The Ends Of The Earth
2. COMTEX To Provide News On Andover News Network
3. ITG And CapITal Reps In Marketing Agreement
CONSTRUCTION CREWS Who's Bringing Whom To The Web? NMP, Inc.
FUNDING & FINANCE NEWS
1. AppNet Acquires Arbor Intelligent Systems
2. UOL Publishing Completes $5.3 Million Placement
3. Strategic Solutions Divests U.S. Technologies Division


News About The Netpreneur Program

1. LAWS OF THE NETPRENEURIAL JUNGLE
The associated legal labyrinth can hold some of the more arcane steps entrepreneurs take on the road to creating a new business. Guess that's why you hire a pro, but it sure helps to understand the principles behind all those whereases and heretofores. Some of the pros at the law firm of Covington & Burling have joined with the Netpreneur Program to offer a free seminar on "Business Law for the Netpreneur" to be held Monday, May 18, 6:00pm-9:00pm.

The seminar will feature a panel discussion to provide background on key legal concepts, taking a netpreneurial focus and using netpreneurial examples whenever appropriate. In fact the individual topics covered were suggested and selected by members of Talk-the-Talk, the Program's netpreneurs-only email discussion group. They told us and C&B exactly which issues they found the most pertinent or challenging based on their own e xperiences, such as forming the venture (including the basics of corporations, partnerships and limited liability companies), ownership control, agreements between founders, compensation and stock incentives for key employees and methods of initial financing. "Business Law for the Netpreneur" will also include an extensive Q&A session to allow for interactive discussion.

The seminar will be held at Covington & Burling's downtown offices at 1201 Pennsylvania Avenue, NW, Washington, DC 20004. This one's gonna fill up fast, folks, so register now. Space is very, very limited and there is absolutely no extra space for walk-ins. Working netpreneurs will receive priority registration. To register, please send an email to seminar@cov.com and include your name, the name of your company (along with a brief description of your firm), your mailing address, telephone number and email address.

Regional Netpreneurs

1. ALEXUS INTRODUCES RESUME NETWORK
(Gaithersburg, MD) Alexus International unveiled Networker, an Internet-based network to help corporations recruit employees while earning value by sharing resumes with other participating companies. Large companies can receive more than 500,000 resumes per year, all of which require processing, storage and management even though only a fraction may be relevant to the company's immediate hiring needs. Corporations can use Networker to outsource these processing functions to Alexus while accessing candidate information in a private database via the Internet. In addition, hiring managers can access candidates contributed by other participating companies, the fees for which are based on the market demand for the resume. The more frequently the resume is purchased, the more expensive that information becomes. Companies receive Networker Dollar awards for the resumes they contribute which can be used to help recover a portion of recruitment costs. Alexus says that in this way, Networker brings market dynamics to human capital information. Companies pay a one-time set-up fee to establish their private database plus fees for access and outsourcing processing functions. Alexus has already recruited Sodexho Marriott Services, Mobil Oil and Hyatt to the network.

Alexus: http://www.alexus.com

2. NEW REPORT.WEB DISTRIBUTION SERVER FROM NSA
(Arlington, VA) Network Software Associates, Inc. (NSA) has developed Report.Web Distribution Server, a new component that joins the Report.Web 2.1 family of products for legacy report publishing and viewing via the Net. The new Distribution Server makes centrally published reports from mainframe, midrange and other hosts available to remote sites. Mirror sites are also created at satellite offices for back-up where reports can be accessed from the local area network. The Distribution Server will be released later this quarter; all other components of Report.Web are available now.

Network Software Associates: http://www.nsainc.com

3. TAX TIME TIPS FOR ENTREPRENEURS
(Rockville, MD) Yep, it's tax time and if you're an entrepreneur filing that business return you can find tips in a new area at the Business Resource Center (BRC) operated by Khera Communications Inc. (KCI). The "Running Your Business" section of BRC offers free answers from tax experts to questions like "How long do I need to keep tax records?" and "Do I owe corporate income taxes to more than one state?"

Business Resource Center: http://www.morebusiness.com

4. RIG SIGNS LA REALTORS
(Bethesda, MD) Realty Information Group (RIG), a provider of information services to the commercial real estate industry, said that three of the largest commercial real estate brokerage firms in the Los Angeles area have signed contracts to use the company's CoStar proprietary multimedia database system for industrial property data. The three firms -- CB Commercial, The Seeley Company and Grubb & Ellis -- list 41% of the industrial properties in LA. RIG's CoStar tracks over 140,000 buildings and 8.4 billion square feet of office and industrial property across the US.

RIG: http://www.rig.com

5. TV on the WEB GOES TO THE RACES
(Reston, VA) The Equestrian Channel is the newest addition to the TV onthe WEB network, a place where Internet viewers can see top horse shows such as the qualifiers for the 1998 World Equestrian Games in Italy. Productions East Video will provide the video content with sponsorship by Crown Royal. TV onthe WEB will soon begin offering live Webcasts of the Grand Prix as well.

TV onthe WEB: http://www.tvontheweb.com

Partnerships

1. MERCURY TAKES DISCOVERY TO THE ENDS OF THE EARTH
(Bethesda, MD) Discovery Channel Online (DCOL) has signed a multi-year partnership agreement with Mercury, a division of Ford Motor Company. The partnership provides Mercury with exclusive brand sponsorship of a series of high-profile, quarterly scientific expeditions on DCOL called Mercury's Planet Of Wonders (MPOW). The expeditions to far-reaching corners of the globe are fully underwritten by Mercury and feature daily dispatches that provide access to scientists, experts and researchers as their findings are recorded live online. The exclusive editorial partner for MPOW is the American Museum of Natural History. MPOW begins April 20 with a month-long expedition to Bolivia, where scientists are tracking the country's vanishing species. Other 1998 expeditions include a trip to Madagascar to track the migratory path of humpback whales (July), and a trek to Australia on a hunt for spiders (October).

Discovery Channel Online: http://www.discovery.com

2. COMTEX TO PROVIDE NEWS ON THE ANDOVER NEWS NETWORK
(Alexandria, VA) COMTEX Scientific Corporation announced an agreement with Acton, MA-based Andover Advanced Technologies, Inc. (AAT) in which the COMTEX Business CustomWire will be the sole resource for business and technology news to AAT's Web-based Andover News Network (ANN). COMTEX CustomWires are real-time news products that sort the content of multiple news sources into specific, topic-driven wires. ANN will custom select news from the COMTEX Business CustomWire of over 700 articles per day. AAT operates several Web sites for technology-oriented consumers.

COMTEX: http://www.comtexnews.com
Andover News Network: http://www.andovernews.com

3. ITG AND CAPITAL REPS IN MARKETING AGREEMENT
(Reston, VA) CapITal Reps has signed a partnership with Falls Church, VA-based Integration Technologies Group, Inc. (ITG) to market ITG's requisition-through-contract procurement management software, PROCURE. PROCURE tracks all aspects of a solicitation through amendments, response, awards and post-award management with a full Web interface and EDI and EC compliance. PROCURE can issue a purchase order, GSA contract, blanket purchase agreement, basic order agreement or delivery orders and allows remote data entry and access via the Internet. CapITal Reps acts as a "government sales office" for IT companies.

ITG: http://www.itgonline.com
CapITal Reps: http://www.harb.net/capitalreps

Construction Crews
WHO'S BRINGING WHOM TO THE WEB?

NMP, Inc. ( http://www.nmpinc.com ) of Falls Church, VA, launched The Wilderness Society Earth Day 1998 site ( http://earthday.wilderness.org ) a resource about the origins of Earth Day including education materials for teachers and Earth Day postcards you can send to a friend.

Funding & Finance News

1. APPNET ACQUIRES ARBOR INTELLIGENT SYSTEMS
(Bethesda, MD) E-commerce and Internet solutions provider AppNet Systems, Inc. has acquired Arbor Intelligent Systems, Inc. of Ann Arbor, MI. Arbor delivers object technology solutions through consulting, custom development, training and products. As a wholly-owned subsidiary of AppNet, Arbor will continue to provide consulting and training services in CORBA, Java, C++ and Smalltalk, as well as maintaining its line of development tools for the Smalltalk market. The current management of Arbor will remain in place. Details of the transaction were not disclosed.

AppNet Systems: http://www.aisys.com

2. UOL PUBLISHING COMPLETES $5.3 MILLION PLACEMENT
(McLean, VA) UOL Publishing, Inc. has raised $5.3 million through the private placement of convertible preferred stock and warrants. UOL issued approximately 626,300 shares of its Series C Preferred Stock, which is convertible into approximately 759,100 shares of common stock. The company also issued five-year warrants to purchase approximately 626,300 shares of common stock. Investors in the private placement included parties affiliated with UOL director Barry Fingerhut, as well as certain current stockholders. Also participating was Hermes Investment Group, Inc. UOL is a publisher of interactive and on-demand Web-based courseware for the corporate education and academic markets.

UOL: http://www.uol.com

3. STRATEGIC SOLUTIONS DIVESTS U.S. TECHNOLOGIES DIVISION
(Annapolis, MD) In a joint announcement, Strategic Solutions Group, Inc. (SSGI) and U.S. Technologies, Inc. (UST) said they have implemented a divestiture plan which will permit each company to operate independently of the other. UST has been merged into an existing Florida corporation, with UST being the surviving corporation. Under the auspices of the investment firm H.J. Meyers & Co. of New York City, acting as Placement Agent, UST is immediately undertaking the private placement of Investment Units, aggregating $2 million, to facilitate its restructuring. The company contemplates a significantly higher public offering in the near future. SSGI also holds a short-term obligation of UST totaling $600,000, which will be paid at the closing of UST's private placement. SSGI provides computer- and Web-based training, performance support, technical documentation, and process improvement to Fortune 500 companies. UST is a custom developer of Lotus-based Intranet and Internet applications and has authored several out-of-the-box Lotus Notes software utilities.

SSGI: http://www.groupsolutions.com



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