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News Center Top Story Archives
Week of May 28, 1998
Issue 21, Volume III
I> NEWS ABOUT THE PROGRAM
1. Some Light Summer Reading For The Beach
2. Changed Your Plans Recently?
3. We Checked, And The O's Are Out Of Town That Night
4. Newly Assembled At The FAQtory
II> REGIONAL NETPRENEURS
1. BoxerJam Gameshows Surpass 25 Million Sessions
2. DuckTek Conquers The Galaxy
3. CONTEXT IDS Provides Multi-User Document Management
4. COMSAT Labs Extends Networks Via Satellites
5. AMS To Plug Utilities Into the Internet
III> PARTNERSHIPS
1. GE Information Services and WorldCom Integrate Their Networks
2. HIN Licenses Healthcare Business Content
IV> FUNDING & FINANCE NEWS
1. AppNet Acquires LOGEX And Arbor Intelligent Systems
2. WCO Scores $950K In Second Round of Funding
3. Blackboard Named "Best Early-Stage Company"
4. Prospect Technologies Acquires PCs & Systems
5. Convincing an Investor to Read Your Plan

>>>>>>>>>>><<<<<<<<<<<< I> News About The Program
________________________________
1. SOME LIGHT SUMMER READING FOR THE BEACH
"Finding The Golden Needle" is the transcript from last week's Coffee &
DoughNets, where five netpreneurs, all of whom recently received their
first funding, talked about their experiences pursuing investments from
venture capitalists and angels. The panel included Bob Schmonsees of
WisdomWare, Inc.; Matthew Pittinsky of Blackboard, Inc.; Susan Defife of
Women's Connection Online; Brandy Thomas of Online Monitoring Services; and
Bob Nelson of CrossMedia Networks. The moderator was Gene Riechers,
Managing Director of FBR Technology Venture Partners, L.P. Rub on a little
suntan lotion, roll over on your back and enjoy.

Finding The Golden Needle: http://netpreneur.org/funding/firstfunding
________________________________
2. CHANGED YOUR PLANS RECENTLY?
Of course, you want to network, but just in case you've already registered
for the physical Evening With The Stars of E-Commerce event and have since
decided you'll avail yourself of the convenience of the webcast instead,
please do us a favor and let us know so we can let someone else have your
seat. We've got a few hundred people on a waiting list, so if you have
already registered, but will not be attending, shoot an email to
kgubser@morino.org. We thank you.

Remember, we cannot accept any more registrations for the physical event,
but you can pre-register for the webcast at: http://netpreneur.org/webcast
________________________________
3. WE CHECKED, AND THE O'S ARE OUT OF TOWN THAT NIGHT
We're especially excited that June's Coffee & DoughNets will be hosted by
The Johns Hopkins University, a school that brings a strong entrepreneurial
perspective to our community. Over the past six years, the medical school's
technology has formed the basis of 12 biomedical start-up companies. In
addition, the medical institutions have helped form a variety of
cutting-edge information technology companies, including InteliHealth, a
$25 million joint venture in multimedia consumer health information. Johns
Hopkins is also a service provider for and part owner of WorldCare, a
global telemedicine company. Many distance learning ventures are underway
to deliver courses through a network of high-tech classrooms linked
nationwide by interactive video and computer technology.

Join us at Coffee & DoughNets Goes Late Night II as we head up I-95 to
Baltimore, June 11, at The Johns Hopkins University Glass Pavilion (Office
of Student Activities) at 34th and Charles Streets. Registration and
reception begin at 6:00pm and the program starts at 7:00pm, with featured
speaker Mario Morino, Chairman of the Morino Institute.

To register: http://netpreneur.org/doughnets
________________________________
4. NEWLY ASSEMBLED AT THE FAQtory
There's a real beauty of a FAQ growing in "Generating Revenues For Online
Publishers" in the Management area, including comments from netpreneurs at
Motley Fool, Digital Cities and many others. We know you've got a wealth of
knowledge, experience and ideas on this one, so please jump in and
contribute. 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.

FAQtory: http://netpreneur.org/FAQtory

>>>>>>>>>><<<<<<<< II> Regional Netpreneurs
_________________________________
1. BOXERJAM GAMESHOWS SURPASS 25 MILLION SESSIONS
(Charlottesville, VA) BoxerJam Productions, an online entertainment
company, has begun working with several Internet TV initiatives to expand
their reach to a wider audience. The company says that gamers have played
over 25 million BoxerJam gameshows since January 1997 on both the company's
site and America Online. The gameshows are 15-minute games which bring
together up to nine players to compete against one another. Over 1.25
million hours are logged each month and as many as 6,200 simultaneous
players show up for prize games. BoxerJam gameshows are designed by Julann
Griffin, co-creator of the TV gameshow Jeopardy!. Games are delivered using
BoxerJam's proprietary game platform. BoxerJam gameshows have received a
number of honors including AOL Members' Choice Award for the last three
consecutive quarters, SPA's Codie Awards Best Multi-Player Online Game
Finalist, Jupiter Communications 1997 Top 5 Products Unveiled, Web Magazine
Editor's Choice and Infinet's Cool Site of the Day. Your editor confesses
to be a compulsive fan of Strike A Match. Shhh, don't tell the boss.

BoxerJam: http://www.boxerjam.com
Gameshows: http://www.gameshows.com
_________________________________
2. DUCKTEK CONQUERS THE GALAXY
(Reisterstown, MD) Anturian Mines, an online science fiction game, is the
latest online offering from DuckTek, Inc. In Anturian Mines, players manage
labor, wages, supplies, food, and various mining operations in deep space
in an attempt to build the best facility. In addition to the mundane tasks
of mining, the players can also build spaceports, ships, and colony defense
systems. Anturian Mines is played in semi-real-time, with 0.1 years passing
every 24 hours. Updates occur regularly, so players can check on their
colonies any time, day or night.

DuckTek: www.ducktek.com
Anturian Mines: http://www.ducktek.com/fun/games/anturian_mines
_________________________________
3. CONTEXT IDS PROVIDES MULTI-USER DOCUMENT MANAGEMENT
(Oakland, MD) CONTEXT Information Systems Ltd., a developer of document
imaging and management systems for Internet applications, says it has
become the world's "first Internet Document Service Provider." CONTEXT
Internet Document Service (IDS) is a Net-based, enterprise-wide, document
imaging and file management service that reduces the costs of implementing
a document management system by eliminating the need for enterprise
servers, software and network equipment. IDS provides customers with a
secure, dedicated, multi-user electronic file room located on CONTEXT
servers. Through a GUI interface, subscribers can scan, archive, index,
file, retrieve and view legal-quality TIFF images at speeds equivalent to
those of a LAN. IDS uses the company's Image-Enabled Internet (IEI)
technology which permits users to scan documents from a desktop scanner
directly to the server over the Internet, LAN, WAN, intranet or extranet
without the performance limitations and security risks of email or FTP.

CONTEXT: http://www.contextis.com
_________________________________
4. COMSAT LABS EXTENDS NETWORKS VIA SATELLITES
(Clarksburg, MD) COMSAT Laboratories introduced new equipment that makes it
easier for carriers, multinational corporations and ISPs to extend data
networks via satellite and other wireless systems. COMSAT's new Link
Accelerator (CLA-2000) equipment supports Frame Relay, Internet Protocol
(IP) and Asynchronous Transfer Mode (ATM) applications. Previously, this
equipment only offered ATM capabilities. The CLA-2000 product family offers
fiber-like quality in satellite or wireless links, at rates up to 3 Mbps
for Frame Relay and IP. COMSAT Laboratories is a wholly-owned subsidiary
of COMSAT Corp. (NYSE: CQ) which is headquartered in Bethesda, MD.

COMSAT: http://www.comsat.com
_________________________________
5. AMS TO PLUG UTILITIES INTO THE INTERNET
(Fairfax, VA) American Management Systems (AMS) (Nasdaq: AMSY) has launched
an Internet and electronic commerce consulting practice to help electric
and gas utilities improve customer service and lower operating costs.
"Utilities, like most large businesses, are struggling to realize the
promise of e-commerce services and systems," says Chris Alvord, head of the
new practice. "There is enormous power in these sets of capabilities, both
to reduce costs and compete for customers."

AMS: http://www.amsinc.com

>>>>>>><<<<<< III> Partnerships
_________________________________
1. GEIS AND WORLDCOM INTEGRATE THEIR NETWORKS
(Rockville, MD) GE Information Services (GEIS) and WorldCom (Nasdaq: WCOM)
announced an agreement to integrate their two communication networks. On
July 1, GEIS will begin transitioning all of its network traffic to
WorldCom and will focus on delivering and supporting e-commerce solutions
to its global trading community. WorldCom will assume operating control of
GEIS's network traffic and share in the management of that traffic with
GEIS around the world. The agreement will ultimately give GEIS new dial-up
access points in 658 cities worldwide and 104 frame relay sites to increase
its ability to manage its customers' global virtual trading communities.
WorldCom will receive hundreds of millions of electronic commerce
transactions to add to its data network operations. As part of the
agreement, GEIS will transfer certain network operations personnel to
WorldCom to ensure seamless operations. Financial terms of the agreement
were not disclosed.

GEIS: http://www.geis.com
WorldCom: http://www.wcom.com
_________________________________
2. HIN LICENSES HEALTHCARE BUSINESS CONTENT
(Arlington, VA) Healthcare Intelligence Network (HIN) will license
healthcare business content from 23 publications of Marblehead, MA-based
Opus Communications Inc., including Briefings on Assisted Living, Medical
Records Briefing, Medical, Briefing on Long-Term Care Regulations and
Health Governance Report. Healthcare Intelligence Network provides
subscribers -- including hospitals, managed care organizations and
pharmaceutical companies -- with access to more than 50 leading healthcare
publications, which the company calls, "the most comprehensive source of
news and analysis for healthcare professionals currently available in one
place, in electronic form." Subscribers can purchase access to content in
any or all of the site's five primary subject areas and in several ways: as
a single newsletter, as a group of newsletters, as a site license or as a
customized information feed. Delivery is available via HIN's Web site or
email and can be customized for intranets. Subscribers can create a
personal profile and receive email alerts when topics included in their
profile are added to the database.

Healthcare Intelligence Network: http://www.hin.com

>>>>>>>>><<<<<<<<<< V> Funding & Finance News
_________________________________
1. APPNET ACQUIRES LOGEX AND ARBOR INTELLIGENT SYSTEMS
(Bethesda, MD) AppNet Systems, Inc. has acquired LOGEX International, LLC
of Potomac, MD. "LOGEX brings us outstanding skills and experience,
especially in online catalog creation, graphic design and secure payment
processing," said Bob McCalley, AppNet's group president for commerce
services. As a wholly-owned subsidiary of AppNet, LOGEX will continue to
provide consulting and custom applications development services to
strategic markets, including retail and mail-order. AppNet's strategy is to
build capabilities in e-commerce services through acquisitions in
Internet-based applications development and e-commerce services. The
company has also acquired Arbor Intelligent Systems of Ann Arbor, MI, to
strengthen its position in object-oriented applications development for
intranets and extranets. Recently, AppNet formed a joint venture with
Commerce Direct International to operate an industrial grade data center in
Seattle, WA, which processes electronic orders, payments and fulfillment
transactions via the Internet.

LOGEX: http://logex.com
_________________________________
2. WCO SCORES $950K IN SECOND ROUND OF FUNDING
(McLean, VA) Investors have closed on $950,000 of a $1.5 million funding
round for Women's Connection Online (WCO), an online community of women
professionals and business owners. Leading the round was Women's Growth
Capital Fund, which invested $400,000. "The Internet is obviously a dynamic
growth medium, and the number of women utilizing the Web has increased
dramatically," said Patty Abramson, Managing Director for the fund.
Mid-Atlantic Venture Funds, WCO's largest investor to date, pledged an
additional $250,000. Early Stage Alliance, a new Cincinnati, OH-based fund
targeting women-led businesses, contributed $300,000. Abramson and Peg
Wyant, founder of Early Stage Alliance, join the WCO Board of Directors,
which recently added Esther Smith, principal of The Poretz Group, Ltd. and
founder of Washington Technology newspaper.

Women's Connection Online: http://www.womenconnect.com
_________________________________
3. BLACKBOARD NAMED "BEST EARLY-STAGE COMPANY"
(Washington, DC) Blackboard Inc.was recently named "Best Early-Stage
Company" by a panel of venture capitalists at the New Jersey Venture Fair
(NJVF), an event sponsored by the New Jersey Technology Council, that fe
atured over 60 East Coast companies seeking equity financing. Blackboard's
award at NJVF follows the company's selection to be one of 25 companies
that will present at the Early Stage East Conference in June. Blackboard is
a provider of technologies that help make the Internet more useful for
teaching and learning. The NJVF appearance kicked off a first-stage venture
financing round by Blackboard.

Blackboard: http://www.Blackboard.net
New Jersey Technology Council: http://www.njtc.org
_________________________________
4. PROSPECT TECHNOLOGIES ACQUIRES PCs & SYSTEMS
(Washington, DC) Prospect Technologies announced the acquisition of
Maryland-based PCs & Systems which provides computer networking, hardware
and software service and support. The company also designs and manufactures
custom desktop computers and large scale Internet/Web servers. PCs &
Systems' founder Rick Davis will serve as General Manager, Customer Support
for Prospect. Prospect is a provider of Internet and advanced computer
solutions for business and government. The company offers services
including the capability to access and archive client information using
secure database applications via Web interfaces. They also specialize in
e-commerce, email and networking products and services. Details of the
transaction were not disclosed.

Prospect Technologies: http://www.prospect-tech.com
_________________________________
5. CONVINCING AN INVESTOR TO READ YOUR PLAN
Is your start-up low on cash? To whom do you turn for money? How do you
approach them? These are the issues addressed in an Entrepreneurs Q&A with
Valerie S. Gaydos at washingtonpost.com's WashTech site. Ms. Gaydos is
publisher of Capital Growth Interactive, an online and print periodical
covering private capital markets and growth company financing with an
insider's view on tracking down private capital. You can also find a new
feature from the Capital Growth archives each month at the Netpreneur
Exchange, as well as a special discount on Capital Growth subscriptions for
registered Netpreneur Exchange users.

Valerie Gaydos Q&A:
http://www.washingtonpost.com/wp-srv/washtech/techcareers
			/qandas/qa051498.htm
Capital Growth Interactive: http://www.capitalgrowth.com
Capital Growth at Netpreneur Exchange: http://netpreneur.org/funding/cg






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