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MGI @Ventures Introduces domania.com
BOSTON, April 11, 2000 - Domania.com, a CMGI @Ventures
investment formerly known as INPHO/HomePriceCheck, launches today, putting
American home buyers, sellers and owners in control of their single largest
assets - their homes. Domania.com saves consumers time and money by providing
vital tools and information to all types of home transactors-from those buying
their second and third homes to frightened newcomers.
As an independent site, Domania.com is the first-stop resource
guide for smart home owners, buyers and sellers. The site offers a new release
of the already-popular Internet tool Home Price Check (a tool that provides
records of actual home sales prices), Value Check (a tool that estimates home
values based on historic trends), and Property Tax Tools (providing property tax
estimates, rates and more). In addition, Domania.com boasts its very own columnist -
The Domaniac-who promises to bring a sense of humor to the real estate process.
Domania educates consumers by providing information that is relevant
to their unique real estate experience. My Domania archives users' searches and tracks
the equity of their homes. DomaniaGrams, a personalized e-mail service, delivers recent
neighborhood sales and real estate market information, news and offers.
"We found that no real estate site out there empowered consumers,"
said Domania.com President Steven Kropper. "Our goal is to be the agent of real estate
education and research for American consumers. Years of experience working with real
estate professionals and lenders strongly suggest that all parties benefit when the home
buyers and sellers come to the process with a better understanding of the market."
"Domania teaches the reality that homes are assets, and like all assets,
investors must take an active role in their management," Kropper added. "Domania's solution
is to give consumers a free destination that becomes that management tool."
"Domania has taken their popular Home Price Check service and supercharged
it. They are now well-positioned to emerge as a dominant source of information in the consumer
real estate space," said Guy Bradley, general partner, CMGI @Ventures. "Given consumer appetite
for self-directed learning, Domania is positioned for success."
Domania.com (www.domania.com) leads the education of homebuyers, homesellers and homeowners
by providing on-line free access to public real estate data and information. An independent
real estate services provider, Domania.com empowers consumers with its Home Price Check, the
largest free online bank of home sales comparables, Value Check and Property Tax tools.
Domania.com's Home Price Check service (www.homepricecheck.com) already has been cited as a
Top 10 online real estate destination by Nielsen//NetRatings and also is available through
relationships with leading web properties including Yahoo! Real Estate, America Online (AOL),
CompuServe, Dow Jones, The Motley Fool, and MarketWatch.com, Inc.
Domania.com is managed by homeowners for homeowners to be a consumer-focused
content and community destination that supports Americans through a lifetime of managing their
most prized and valuable assets, their homes. Privately-held domania.com is an investment of
CMGI @Ventures, the venture capital affiliate of CMGI (NASDAQ: CMGI).
With more than 65 companies, CMGI, Inc. (Nasdaq: CMGI) represents the largest, most diverse
network of Internet companies in the world, including both CMGI operating companies and synergistic
investments made through its venture capital affiliate, CMGI @Ventures. CMGI leverages the
technologies, content and market reach of its extended family of companies to foster rapid growth
and industry leadership across its network and the larger Internet Economy. Compaq, Intel,
Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI.
CMGI's majority-owned operating companies include Engage Technologies (Nasdaq: ENGA), NaviSite
(Nasdaq: NAVI), 1ClickBrands, 1stUp.com, Activate.net, AdForce, Adsmart, AltaVista, CMGI Solutions,
Equilibrium, Flycast, iCAST, MyWay.com, NaviNet, SalesLink, Tribal Voice and yesmail.com. CMGI
@Ventures has ownership interests in 51 companies, including Lycos, Inc. (Nasdaq: LCOS), Critical
Path (Nasdaq: CPTH), Silknet (Nasdaq: SILK), MotherNature.com (Nasdaq: MTHR), Ventro (Nasdaq: VNTR)
and Vicinity (Nasdaq: VCNT).
CMGI's corporate headquarters is at 100 Brickstone Square, Andover, MA 01810. CMGI @Ventures
has offices there as well as at 3000 Alpine Road, Menlo Park, CA 94028. For additional information,
see http://www.cmgi.com and
http://www.ventures.com.
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