NYNEX Invests In INFOSEEK
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April 8, 1996
NYNEX CONTACT: Media Relations,
NYNEX Invests In INFOSEEK
Matthew J. Stover Joins Infoseek Board of Directors
SANTA CLARA, CA -- Infoseek Corporation, the Internet navigation service,
today announced that NYNEX Information
Technologies, a subsidiary of NYNEX Information Resources Company,
has made a several-million dollar investment in Infoseek for a 5%
preferred equity interest in the company. The investment will aid
Infoseek in the development of the next generation of its search
engine technology and navigation service.
Additionally, Matthew J. Stover, president and CEO of NYNEX
Information Resources Company, has been elected to Infoseek's board
NYNEX recently announced
(sm), an online shopping directory
of almost every business in the U.S., for which it selected Infoseek
Guide as its search and navigation service of choice. BigYellow and
Infoseek Guide will share a high degree of inter-operability, so that
users can easily move from search to browse to shop functions.
"Infoseek's search engine capability, technology innovation and
commitment to building a customer-focused business complements
BigYellow's vision to be the best service to enable people to shop and
complete transactions on the Internet," said Stover.
"We are pleased that NYNEX has shown such confidence in our company
and technology," said Robin Johnson, president and CEO of Infoseek.
"We will continue our efforts to closely integrate Infoseek and
BigYellow services and technologies to benefit our customers."
In addition to heading NYNEX Information Resources Company, Stover is
chairman of the board of NYNEX Information Technologies, MEDIATEL and
NYNEX International Publishing Company. He also serves on the boards
of the National Association of Manufacturers, the Computer and
Communications Industry Association and the Yellow Pages Publishers
NYNEX Information Resources Company is a leading provider of shopping
and marketing information services, including more than 300 yellow
page and white page directories in the United States, the Czech
Republic, Slovakia, Poland and Gibraltar. It is the creator of
BigYellow, the leading national online shopping directory.
Infoseek, a privately held company in Santa Clara, Calif., provides a
leading Internet navigation service. The service, Infoseek Guide, was
recently named the number one site in advertising revenue by SIMBA
Information Inc. Infoseek also received the 1996 PC World Pro/E award
for Best Internet Search Engine.
NYNEX is a global communications and media company that provides
a full range of services in the northeastern United States and
high-growth markets around the world, including the United Kingdom,
Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland,
Slovakia and the Czech Republic.
The Corporation is a leader in the telecommunications, wireless communications,
cable television, directory publishing
and entertainment and information services.
FAX copies of recent NYNEX news releases are available free of charge, 24
a day. Call 1-800-331-1214 and an automated system will provide