iVillage Elects Edward Horowitz to its Board of Directors
Former Chairman of e-Citi Brings Strong Business, Financial and
NEW YORK, May 7 /PRNewswire-FirstCall/ -- iVillage Inc. (Nasdaq: IVIL), a leading women's media company and the number one source for women's information online, today announced that Edward D. Horowitz joined the Company's Board of Directors, effective April 15, 2003. Mr. Horowitz is the former Chairman of e-Citi, the unit of Citigroup created in 1997 to pioneer electronic commerce and financial services strategies and which currently serves over 30 million customers online. He brings to iVillage considerable expertise in technology, strategy, operations, marketing and economics. Doug McCormick, Chairman and Chief Executive Officer of iVillage commented, "Ed's extensive executive leadership, financial, communications and e-commerce skills and experience bring great capabilities to our Board. We are delighted to have someone of his caliber as part of our team and look forward to benefiting from his talent and experience." Ed Horowitz stated, "iVillage has established itself as an effective channel for connecting to and serving the needs of women online. I believe iVillage is at a turning point and I look forward to working with the other members of the Board and management to build on its brand and to strengthen and broaden its position as it strives to achieve continued growth and success." Before joining Citibank he served as Senior Vice President, Viacom Inc., Chairman and Chief Executive Officer of Viacom Interactive Media and a member of the Viacom Executive Committee. Prior to Viacom, Mr. Horowitz held several senior management positions at Home Box Office (HBO). Additionally, he has held positions in the financial services and cable and satellite television industries and is a founding investor in The Tennis Channel. Mr. Horowitz has testified before the U.S. Congress and regulatory agencies on telecommunications and public policy issues. He has won many prestigious industry awards including GartnerGroup's Excellence in Technology Award for his outstanding application of technology for business value. Ed Horowitz is member of the Board of Trustees of the New York Hall of Science and the Museum of the Moving Image, and is a member of the Duke University Library Advisory Board. He received a B.S. from the City College of New York and an M.B.A. from the Columbia Graduate School of Business. About iVillage Inc. iVillage Inc. is a leading women's media company and the number one source for women's information online. iVillage operates the iVillage.com Web site, Women.com Networks, Inc. (operator of the Women.com Web site), iVillage Parenting Network, Inc., Public Affairs Group, Inc., Promotions.com, Inc., iVillage Consulting (formerly iVillage Solutions), and Knowledgeweb, Inc. (operator of the Astrology.com Web site). iVillage.com and Women.com are leading women's online destinations providing practical solutions and everyday support for women 18 and over. iVillage Parenting Network is a holding company for Lamaze Publishing Company, a publisher of advertiser supported educational materials for expectant and new parents, and iVillage Integrated Properties, Inc., the operator of The Newborn Channel, a satellite television network broadcast in over 1,050 hospitals nationwide, and the publisher of Baby Steps magazine. Public Affairs Group is comprised of three divisions: Business Women's Network, Diversity Best Practices and Best Practices in Corporate Communications, each offering extensive databases of pertinent information to subscribing companies and members. Promotions.com provides promotions and direct marketing programs that are integrated with customers' offline marketing initiatives. iVillage.com is organized into channels and communities across multiple topics of high importance to women and offers interactive services, peer support, content and online access to experts and tailored shopping opportunities. The major content areas include Babies, Beauty, Diet & Fitness, Entertainment, Food, Health, Home & Garden, Horoscopes, Money, Parenting, Pets, Pregnancy, Quizzes, Relationships and Work. iVillage facilitates use across content areas by providing a similar look and feel within each area and across the network, resulting in a consistent and strongly branded Web site. Established in 1995 and headquartered in New York City, iVillage Inc. (Nasdaq: IVIL) is recognized as an industry leader in developing innovative sponsorship and commerce relationships that match the desire of marketers to reach women with the needs of iVillage.com members for relevant information and services. Membership to iVillage.com is free and provides features such as personal homepages, message boards and other community tools. Page views for the iVillage network of Web sites have grown to a monthly average of over 420 million for the quarter ended March 31, 2003. In March 2003, according to comScore Media Metrix, iVillage ranked 26th among the top 100 Web and Digital Media properties with more than 17 million unique visitors in the United States and had an average reach of approximately 12% of the total online population. Also according to comScore Media Metrix, during this period visitors returned an average of 2.7 times per month. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: iVillage Inc. has included in this press release certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning iVillage's business, operations and financial condition, particularly in the "Business Outlook" section. The words or phrases "can be," "expects," "may affect," "may depend," "believes," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Such forward-looking statements are subject to various known and unknown risks and uncertainties and iVillage cautions you that any forward-looking information provided by or on behalf of iVillage is not a guarantee of future performance. Actual results could differ materially from those anticipated in such forward-looking statements due to a number of factors, some of which are beyond iVillage's control, in addition to those discussed in iVillage's other press releases, public filings and statements by iVillage's management, including (i) the volatile and competitive nature of the media industry, (ii) changes in domestic and foreign economic, political and market conditions, (iii) the effect of federal, state and foreign regulation on iVillage's business, (iv) the impact of recent and future acquisitions and joint ventures on iVillage's business and financial condition, (v) iVillage's ability to establish and maintain relationships with advertisers, sponsors, and other third party providers and partners, and (vi) the impact of pending litigation on iVillage's business and financial condition. All such forward-looking statements are current only as of the date on which such statements were made. iVillage does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
SOURCE iVillage Inc.
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