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
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
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.