Agreements Signedby FutureNet
THE FUTURE NETWORK PLC
8 September 1999
FUTURE ADDS KEY ECOMMERCE AND
COMMUNITY SERVICES TO ITS WEBSITES
Online auctions, discussion forums and free e-mail
to be made available on all FutureNet websites
The Future Network plc ('Future'), the video games, home
computing and other specialist consumer magazines
publisher, today announces that its global Internet
business, FutureNet (www.futurenet.com), has signed
agreements with three leading US internet technology
companies to provide enhanced commerce and community
services to users of its websites and web networks.
FutureNet has signed agreements with Fair Market Inc, one
of the leading providers of online auction services for
web based businesses; Delphi Inc, a leading provider of
online discussion forums for consumer and business
websites; and, Critical Path Inc, the leading provider of
Internet messaging and e-mail services to corporations,
Internet service providers, Web hosting companies and Web
portals.
The auction relationship will allow FutureNet consumers
to buy and sell goods across a worldwide network,
including auctions from Dell, ZDNet, and other members of
the FairMarket network. Future will share in all
transaction revenue generated by visitors to its
FutureNet-branded auction sites, and will keep all the
advertising revenue generated from these sites.
Email and forums add core interactive services to
FutureNet sites. FutureNet will share in the advertising
revenue generated by traffic to these services. Delphi's
forums are also a network, and FutureNet's content and
brand power will attract a large number of users from
other forums, creating additional revenue opportunities.
Commenting on these agreements, Mark Gross, President of
FutureNet, Future Network's global Internet business
said:
'Content, community and commerce are the three legs of
the most powerful Internet businesses today. We have
content. Now we can truly build community and commerce'.
'Auctions are a great addition, letting our consumers buy
and sell in a world-wide market enhanced with specialty
information. Forums and email are the cornerstones of
community. All three will drive traffic and repeat
visits, creating significant ad, sponsorship, and
ecommerce opportunities. We are very excited to be
linking up with these leading Internet players.'
'Adding these services magnifies the importance of our
recent relationship with AOL and Netscape Online. As
primary anchor tenant with Netscape in key categories
like technology, games, sports, and entertainment, we can
now offer a full range of web services and content to
visitors who come to our sites via Netscape Online's
Portal.'
Future's online activities include the operation of over
18 magazine websites, with a further three due for launch
in the next four weeks, the publication of an e-mail
games newsletter and the creation of four web networks
focused on games, music and football.
For further information:
Greg Ingham, Chief executive
Future Network Tel: 01225 442244
Mark Gross, President
FutureNet Tel: 001 415 468 4684
James Longfield
Hogarth Partnership Tel: 0171 357 9477
Background on the Future Network:
The Future Network was founded in the UK in 1985. Since
this time it has become the leading publisher of video
games and home computing magazines in the UK, France,
Italy and the US. Headquartered in Bath, England, Future
is the fourth largest publisher in the UK. It employs
over 1,400 people in offices in Bath, London, San
Francisco, New York, Paris, Milan and Munich. Future
publishes over 100 magazines worldwide and has extensive
online activities generating over 50 million page views
per month. Future was floated on the London Stock
Exchange in June 1999 and has a current market
capitalisation of over £680 million.
Background on FutureNet:
FutureNet is the global Internet business activity of The
Future Network. It currently server the PC, Mac, Games,
Music and Football communities in the US and the UK with
sites like maximumpc.com, macdaily.com, samplenet.co.uk,
and ufn.co.uk. FutureNet provides rich, community and
information-based services to people in these and related
markets worldwide. The FutureNet model is simple:
Aggregate content (from Future's magazines and affiliated
sites) and provide services (such as auctions, e-mail and
discussion forums) to build high traffic in concentrated
areas that will be of great value to marketers.
FutureNet plans to role out in Germany, France, Italy and
other Future Network territories next year.
Background FairMarket:
FairMarket, Inc., founded in 1997 and based in Woburn,
Mass., provides online, hosted auctions for ecommerce
leaders. FairMarket AuctionPlace, is a fully outsourced,
private label, customized solution that helps companies
expand their reach and create a new ecommerce profit
center. FairMarket can be reached at 800- 531-7871, or
via the Web at www.fairmarket.com.
Background on Delphi Forums:
Delphi Forums is the Web's leading community creation
services company and the interactive ingredient in many
popular destination sites. Delphi provides its customers,
from large Internet sites to individual forum leaders, a
unique environment in which to create, manage, and grow
their online groups. Delphi's feature-rich, Web-based
discussion platform, sophisticated forum management tools
and comprehensive support appeal to Web companies wishing
to build communities quickly, inexpensively, and with no
internal development. With more than 300,000 active
forums and 1.6 million registered members, Delphi's
forums constitute the largest collection of self-managed
communities on the Web. Among Delphi's partners are:
MaximumPC.com, MacDaily.com, Xoom.com, Fox News Online
and Fox Sports Online, Inktomi, Advance Internet,
PlanetAll (a subsidiary of Amazon.com), and
Classmates.com.
Background on Critical Path:
Critical Path supplies full-service email solutions to
Internet Service Providers, Web hosting companies, Web
portals, telecommunications companies and corporations.
CP delivers reliable, secure, highly scalable email,
along with a flexible suite of enhanced messaging
services.