LocalBusiness.com Unveils '50 to Watch' Lists

Quarterly Round-Up Recognizes 1,150 Notable Emerging

Companies in 24 U.S. Markets



Apr 02, 2001, 01:00 ET from LocalBusiness.com

    FORT LAUDERDALE, Fla., April 2 /PRNewswire/ -- LocalBusiness.com
 (www.localbusiness.com) today released its quarterly "50 to Watch" lists,
 highlighting the most newsworthy emerging companies across the country.  The
 lists, created by reporters in 24 major U.S. markets, provide in-depth
 information about 1,150 companies reshaping the economy.
     LocalBusiness.com, which provides real-time breaking news on emerging
 companies through its network of more than 50 reporters and editors, compiles
 "50 to Watch" lists every quarter based on numerous factors.  Significant
 venture capital funding, major technological innovation, economic challenges
 and uncertain markets are among the criteria that place companies on the "50
 to Watch" lists.
     The "50 to Watch" lists comprise a core element of LocalBusiness.com's
 daily coverage of the most exciting and unpredictable sector of the economy:
 fast-growth companies.  Reporters and editors in the LocalBusiness.com network
 track private and early-stage public companies almost from their inception,
 analyzing financial information and networking among the venture capital and
 local business communities.  The result is the most comprehensive coverage of
 up-and-coming companies anywhere.
     "These companies represent ground zero of a turbulent and ever-changing
 economy," said Kurt Greenbaum, executive editor of LocalBusiness.com.  "Annual
 lists of exciting companies just don't cut it.  We want to provide our users
 with the most up-to-date snapshot of their local markets.  Our list includes
 companies poised for success as well as companies who were once stars but now
 may be on the verge of collapse."
     LocalBusiness.com compiles "50 to Watch" lists in: Austin, Atlanta,
 Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, New York
 City, Orange County (CA), Orlando, Philadelphia, Portland (OR), Raleigh-Durham
 (NC), San Diego, San Francisco, Seattle, South Florida, St. Louis, Tampa Bay,
 Twin Cities (Minneapolis-St. Paul), and Washington, DC-Baltimore.
     Notable examples among the 1,150 private and public companies highlighted
 on the "50 to Watch" 2nd quarter 2001 lists include: San Francisco's Calient
 Networks, Austin's Broadjump, New York's Intellispace and Boston's CCBN Inc.
 This quarter's roster of "50 to Watch" companies raised more than
 $33.2.billion in venture capital.
 
     How To Purchase the LocalBusiness.com "50 To Watch" List
     For the first time readers will be able to purchase and download premium
 information on the companies who made the LocalBusiness.com "50 to Watch"
 list.  To find out more information, visit the LocalBusiness.com Data Store
 http://localbusiness.clickdata.com/.
 
     How To Be Considered for the LocalBusiness.com "50 To Watch" List
     Reporters and editors begin to develop each "50 to Watch" list early in
 the preceding quarter by researching information about public and private
 emerging companies in their respective markets.  They seek companies that have
 attracted or will be attracting substantial venture capital, possess strong
 management, that are building new markets or job opportunities and that are
 poised for a major news announcement.
     In addition, a company can nominate itself online to be considered for the
 LocalBusiness.com "50 to Watch".
 To nominate a company that might be worthy of attention in one of the markets,
 simply visit:
 http://www.localbusiness.com/Top50/Nomination/1,1504,NOCITY,00.html.
 The deadline for submissions for the 3rd quarter list is June 16, 2001.
 
     About LocalBusiness.com
     LocalBusiness.com is a leading Internet provider of breaking local news,
 business leads and information in over 24 major markets across the United
 States.  LocalBusiness.com generates 500 original news stories each week by a
 staff of more than 50 reporters and editors nationwide focusing on local
 breaking business news, including technology, venture capital and small
 business.  LocalBusiness.com also publishes digitalsouth magazine
 (digitalsouth.com), the only publication that covers leading-edge technology
 companies, venture capital and finance from the Mason-Dixon line to the
 Florida Keys and west to Texas.  The company's institutional investors include
 U.S. Equity Partners, L.P., the private equity fund sponsored by Wasserstein &
 Co., L.P., Rustic Canyon Ventures, and Tribune Ventures, the strategic
 investment unit of Tribune Company.
 
 

SOURCE LocalBusiness.com
    FORT LAUDERDALE, Fla., April 2 /PRNewswire/ -- LocalBusiness.com
 (www.localbusiness.com) today released its quarterly "50 to Watch" lists,
 highlighting the most newsworthy emerging companies across the country.  The
 lists, created by reporters in 24 major U.S. markets, provide in-depth
 information about 1,150 companies reshaping the economy.
     LocalBusiness.com, which provides real-time breaking news on emerging
 companies through its network of more than 50 reporters and editors, compiles
 "50 to Watch" lists every quarter based on numerous factors.  Significant
 venture capital funding, major technological innovation, economic challenges
 and uncertain markets are among the criteria that place companies on the "50
 to Watch" lists.
     The "50 to Watch" lists comprise a core element of LocalBusiness.com's
 daily coverage of the most exciting and unpredictable sector of the economy:
 fast-growth companies.  Reporters and editors in the LocalBusiness.com network
 track private and early-stage public companies almost from their inception,
 analyzing financial information and networking among the venture capital and
 local business communities.  The result is the most comprehensive coverage of
 up-and-coming companies anywhere.
     "These companies represent ground zero of a turbulent and ever-changing
 economy," said Kurt Greenbaum, executive editor of LocalBusiness.com.  "Annual
 lists of exciting companies just don't cut it.  We want to provide our users
 with the most up-to-date snapshot of their local markets.  Our list includes
 companies poised for success as well as companies who were once stars but now
 may be on the verge of collapse."
     LocalBusiness.com compiles "50 to Watch" lists in: Austin, Atlanta,
 Boston, Charlotte, Chicago, Dallas, Denver, Houston, Los Angeles, New York
 City, Orange County (CA), Orlando, Philadelphia, Portland (OR), Raleigh-Durham
 (NC), San Diego, San Francisco, Seattle, South Florida, St. Louis, Tampa Bay,
 Twin Cities (Minneapolis-St. Paul), and Washington, DC-Baltimore.
     Notable examples among the 1,150 private and public companies highlighted
 on the "50 to Watch" 2nd quarter 2001 lists include: San Francisco's Calient
 Networks, Austin's Broadjump, New York's Intellispace and Boston's CCBN Inc.
 This quarter's roster of "50 to Watch" companies raised more than
 $33.2.billion in venture capital.
 
     How To Purchase the LocalBusiness.com "50 To Watch" List
     For the first time readers will be able to purchase and download premium
 information on the companies who made the LocalBusiness.com "50 to Watch"
 list.  To find out more information, visit the LocalBusiness.com Data Store
 http://localbusiness.clickdata.com/.
 
     How To Be Considered for the LocalBusiness.com "50 To Watch" List
     Reporters and editors begin to develop each "50 to Watch" list early in
 the preceding quarter by researching information about public and private
 emerging companies in their respective markets.  They seek companies that have
 attracted or will be attracting substantial venture capital, possess strong
 management, that are building new markets or job opportunities and that are
 poised for a major news announcement.
     In addition, a company can nominate itself online to be considered for the
 LocalBusiness.com "50 to Watch".
 To nominate a company that might be worthy of attention in one of the markets,
 simply visit:
 http://www.localbusiness.com/Top50/Nomination/1,1504,NOCITY,00.html.
 The deadline for submissions for the 3rd quarter list is June 16, 2001.
 
     About LocalBusiness.com
     LocalBusiness.com is a leading Internet provider of breaking local news,
 business leads and information in over 24 major markets across the United
 States.  LocalBusiness.com generates 500 original news stories each week by a
 staff of more than 50 reporters and editors nationwide focusing on local
 breaking business news, including technology, venture capital and small
 business.  LocalBusiness.com also publishes digitalsouth magazine
 (digitalsouth.com), the only publication that covers leading-edge technology
 companies, venture capital and finance from the Mason-Dixon line to the
 Florida Keys and west to Texas.  The company's institutional investors include
 U.S. Equity Partners, L.P., the private equity fund sponsored by Wasserstein &
 Co., L.P., Rustic Canyon Ventures, and Tribune Ventures, the strategic
 investment unit of Tribune Company.
 
 SOURCE  LocalBusiness.com