08/25/00
ConsumerREVIEW.com Receives $10 Million in Funding
 
SUNNYVALE, Calif., - August 25, 2000 - ConsumerREVIEW.com, the leading, trusted source for consumer product information on the Web, today announced that it has secured $10 million in series C funding. The additional funding was raised from ConsumerREVIEW.com's existing investors, Friedli Corporate Finance and Selby Venture Partners. The new round of funding will be used for expansion of ConsumerREVIEW.com's internal sales team and continued company operating expenses. Friedli Corporate Finance is based in Switzerland and manages New Venturetec ( http://www.newventuretec.com/ ), a publicly traded Swiss venture fund. Selby Venture Partners is based in Menlo Park, CA.
 
"We are thrilled that our investors have reaffirmed their commitment to ConsumerREVIEW.com," said Max Mancini, CEO of ConsumerREVIEW.com. "Our team has worked hard to create a valuable shopping resource. As we drive towards our goal of achieving profitability, we look forward to helping even more consumers make smart buying decisions."
 
With nearly 2 million users each month, ConsumerREVIEW.com has established itself as a trusted shopping resource that enables commerce both online and off. In addition to user-generated product reviews and information, ConsumerREVIEW.com users can tap into a variety of recently added shopping services that include complaint resolution, shop by request and where to buy links that connect users to leading merchants across the Web. A recent partnership with AlterEgo Networks, a technology company that adapts customized Web content for wireless delivery, has given ConsumerREVIEW.com users the freedom to access product reviews anywhere, using a variety of wireless devices. ConsumerREVIEW.com's product reviews are also available through a network of partner Web sites that include Yahoo!, Alta Vista, PlanetOutdoors.com and Respond.com.
 
"ConsumerREVIEW.com has been executing on its vision from day one and has experienced positive growth in all areas," said Peter Friedli, principal of Friedli Corporate Finance. "We are confident that the company will continue its momentum well in to the future as they focus on building a lasting business."
 
About ConsumerREVIEW.com
Founded in 1998, ConsumerREVIEW.com is the leading, trusted source for consumer product information on the Web. ConsumerREVIEW.com develops and manages Web communities around common product interests to meet the needs of consumers researching purchases. The company's review content is available to millions of consumers through partnerships with sites such as Yahoo!, AltaVista, PlanetOutdoors.com and Respond.com. The company is focused on creating an online environment that fosters communication, community spirit and quality product reviews. ConsumerREVIEW.com is headquartered in Sunnyvale, CA.