No sooner do I ask about usinteractive, then today's Silicon Alley Reporter appears in my mailbox and there's a tidbit about someone investing in them. --Tamra >Safeguard Scientifics Takes 15 Percent Stake in US Interactive > -------------------- > Safeguard Scientifics, Inc. (NYSE: SFE) has acquired a 15 percent > equity stake in US Interactive, both companies announced today. > Financial terms of the deal were not disclosed. Safeguard > Scientifics is a strategic information systems company. > > US Interactive's chairman and chief technology officer, Eric Pulier, > says the investment "serves to further validate our market position > and opportunity." > > Two Safeguard Scientific associated entities, Internet Capital Group > and TL Ventures, were early investors in US Interactive. Safeguard > Scientifics is a partnership of entrepreneurial companies focused on > information technology markets. The company just completed the $115 > million acquisition of Pac-West Telecomm, a private exchange > company. > > Safeguard Scientific's total revenues for the six months ended June > 30 increased 10 percent to $1.07 billion. Net income increased 9 > percent to $11.1 million. > > Contact: James DeLorenzo, 610-651-0480, x122; > [EMAIL PROTECTED] > http://www.usinteractive.com > ____________________________________________________________________ -------------------------------------------------------------------- Join The Web Consultants Association : Register on our web site Now Web Consultants Web Site : http://just4u.com/webconsultants If you lose the instructions All subscription/unsubscribing can be done directly from our website for all our lists. ---------------------------------------------------------------------
