Kelly Schwager, USWeb/CKS 408/987-3287,
[email protected]
USWeb/CKS Collaborates on 'Venture Construction' Firm to Fuel Growth of Breakthrough Internet Businesses
Intend Change and USWeb/CKS to take Internet ideas from inception to reality
SANTA CLARA, CA. - June 15, 1999 - USWeb/CKS (NASDAQ:USWB), the leading strategic Internet and marketing communications firm, today announced that it has collaborated on and invested in the formation of Intend Change, a new venture construction firm launched today by USWeb co-founders Toby Corey and Joe Firmage. As announced at an event held at the San Francisco Museum of Modern Art, USWeb/CKS and Intend Change will work together to provide end-to-end services that take new Internet businesses through the complete e-business lifecycle-from initial idea to full operation. The financial terms of the relationship were not disclosed.
"The 'leaders of tomorrow' are an extremely important client community for USWeb/CKS, and our collaboration in conceptually and financially supporting Intend Change is designed to fuel business growth in this area," said Robert Shaw, CEO of USWeb/CKS. "When Intend Change creates a strategic blueprint for a new Internet venture, USWeb/CKS is the professional services firm that will turn the blueprint into reality. Intend Change represents an exciting new business development partner for USWeb/CKS."
About Intend Change
Intend Change is a venture construction firm, headquartered in Santa Clara, Calif., that fuses enterprise management consulting, venture formation strategy and organizational planning services into a venture development methodology tuned to the new economy. With these services, Intend Change will partner each year with a small number of leading Fortune 500 corporations and innovative entrepreneurs to create
start-ups and spin-outs designed to become tomorrow's leaders.
In addition to USWeb/CKS, major investors in Intend Change include SOFTBANK Technology Ventures, Crosspoint Venture Partners, Wheatley Partners, the Cutler Group, and Odeon Capital.
A key point of intersection between USWeb/CKS and Intend Change is Toby Corey who will retain his role as President of USWeb/CKS while serving as a co-founder and Principal with Intend Change.
"Intend Change and USWeb/CKS provide complementary services designed to fuel the growth of breakthrough Internet businesses that will become the leading enterprises of the future," said Corey. "The collective opportunity to impact the future of the Internet is immense. With 2,800 professionals worldwide and a unique depth and breadth of technical and marketing services, USWeb/CKS has the track record to take Intend Change's ideas from concept to reality."
About USWeb/CKS
USWeb/CKS is a professional services firm that works with companies to define strategies and implement innovative ways to build their businesses by combining the expertise of strategy, Internet technology and marketing communications. USWeb/CKS helps clients differentiate their products and services, strengthen customer relationships, leverage human capital and improve business efficiency in the digital economy. With more than 2,800 professionals, USWeb/CKS has helped hundreds of businesses advance their marketing communications programs as well as traditional IT and Internet systems -- everything from brand development and advertising to business process automation and e-commerce solutions. The company has headquarters in Santa Clara, Calif. Additional information about USWeb/CKS is available at uswebcks.com or by calling 408/987-3200.
This press release contains "forward-looking statements" (as defined under securities law) about USWeb/CKS' plans and expectations regarding its relationship with and investment in Intend Change as well as regarding Intend Change's activities, success and impact . The actual results of Intend Change's activities and the effect on USWeb Corporation of the Intend Change relationship and investment could vary materially and adversely from the description in the forward-looking statements for a number of reasons, including a failure of Intend Change for any reason to identify, attract or launch successfully new businesses that have significant impact in their industries, a failure of any businesses launched to choose USWeb/CKS as their Internet professional services and marketing firm, distraction of USWeb/CKS management personnel, including Mr. Corey, from other USWeb/CKS initiatives, and failure of the Intend Change business model to achieve market acceptance, among other factors. For additional information about factors that could affect the businesses of USWeb/CKS, see the documents filedwith the United States Securities and Exchange Commission.