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PALO ALTO, CA--(BUSINESS WIRE)--Nov. 15, 1999--

Al Shugart International, Mentor Venture Partners and SOFTBANK Venture Capital Fund Free Internet Access and Advertising Solutions Company

Spin Media Network, Inc. (www.Spinway.com), a free Internet access partner and advertising technology company, has announced a round of investments from three of the top investment firms in the United States. Al Shugart International (ASI), Mentor Venture Partners and SOFTBANK Venture Capital, known widely in the Internet community as the driving force behind some of the world's most successful start-ups, have invested funds in Spinway.com, which co-brands or private labels their free Internet access service and superior advertising technology for large web properties and brick-and-mortar companies.

"We are thrilled to be recognized by such highly respected companies, and see their investment in Spinway.com as a 'Seal of Approval' on our business," said Danny Robinson, Founder, Chief Executive Officer and Chairman of Spin Media Network. "Spinway.com has solved the four major problems with Internet advertising: targetability, trackability, rich media, and reach. The investment in Spinway.com by SOFTBANK Venture Capital, Al Shugart International and Mentor Venture Partners is a validation of our concept as a premiere advertising network and our unique marketing proposition helps our business partners increase user acquisition and retention."

Spinway.com is an innovative marketing solution that provides businesses with co-branded or private label, free dial-up Internet access for use in driving traffic and broadening brand identity. Spinway.com's patent-pending technology also delivers a superior Internet advertising format, featuring the only full-motion video at dial-up. Spinway.com combines their superior advertising technology with an array of community features and services that partners can easily integrate with their own, including personalized content, rewards programs, instant messaging, full-featured email, and parental control software.

The Spinway.com service will be featured during Comdex Fall '99 in the SOFTBANK Venture Capital Pavilion at the Las Vegas Convention Center November 15-19 and at Al Shugart International Presents Technology at the Golden Nugget Hotel November 15-17.

About Al Shugart International

Headquartered in Soquel, California, Al Shugart International (ASI) is a startup resource company focused on helping entrepreneurs launch new enterprises, and growing small companies into big companies. ASI provides many forms of assistance to entrepreneurs, either directly or indirectly, including investment, management, public relations, human resources, and financial services. Founded by Al Shugart in 1998, ASI's objectives are to maintain active worldwide awareness of technology status and trends, assist entrepreneurial companies with consulting and/or investment, manage a startup/early stage venture capital fund, and operate as a holding company for implementing ideas. More information about Al Shugart International can be found on the worldwide web at www.alshugart.com.

About Mentor Venture Partners

Mentor Venture Partners is a Menlo Park, California venture capital partnership focused on early stage information technology companies. Mentor Venture Partners differentiates itself by acting as an aligned fund to corporate partners and value-added angels. By working with promising early stage start-ups to address their critical success factors, and leveraging their unique mentors and corporate relationships, Mentor Venture Partners helps to accelerate and ensure success. Mentor Venture Partners' corporate relationships encompass the leading high technology companies in the United States and Japan with a commitment to significant investment activities and the growth of the Internet. Mentor's venture relationships span top tier funds in Silicon Valley. Moreover, Mentor Venture Partners has assembled a team of mentors, venture partners and advisors who, in their respective areas of expertise, are committed to assisting its portfolio companies.

About SOFTBANK Venture Capital

SOFTBANK Venture Capital (SOFTBANK VC) manages venture capital funds focused primarily on early stage Internet companies. SOFTBANK VC's technology fund directors are all experienced technology leaders with prior operating experience as founders of early-stage companies, senior managers of major technology corporations, and leaders in investment banking. SOFTBANK VC's past and current portfolios include public Internet companies such as Critical Path, E-LOAN, GeoCities, Interliant, MessageMedia, Net2Phone, and TheStreet.com.

About Spin Media Network, Inc. (Spinway.com)

Established in 1998, Spin Media Network, Inc. (www.Spinway.com) is an emerging advertising technology and business solutions company. The Network owns and operates Spinway.com, an innovative marketing tool that provides businesses with co-branded, free dial-up Internet access for use in driving traffic and broadening brand identity. The Spinway.com solution allows companies to attract users with personalized content, rewards programs, instant messaging, full-featured email, and parental control software. Spinway.com's patent-pending technology also delivers a superior Internet advertising format, featuring the only full-motion video at dial-up.

For more information, visit www.Spinway.com.

COPYRIGHT 1999 Business Wire
COPYRIGHT 2000 Gale Group


 
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