Nettaxi Acquires Plus Net

Community and commerce portal Nettaxi Inc. Monday acquired Plus Net Inc. for approximately $70 million.

Plus Net is a portal site featuring a search engine, Web-based e-mail, and
an e-commerce engine. Nettaxi said the acquisition will add to its ongoing expansion efforts.

The Campbell, Calif., company provides news, search
engines, arts and entertainment information, government records, financial data, educational materials and
sports information to its users. Currently Nettaxi claims more than 80 million monthly page views.

The acquisition brings search topic capabilities specific to Nettaxi communities as
well as the entire Web. offering the top 10 results
from Nettaxi and other search engines including HotBot,
Excite, Alta
Vista and Yahoo! The engine also provides personal
and comparison online shopping services.

The e-commerce engine enables merchants to conduct credit card transactions in real time and offer their customers a secure
shopping environments. In addition, back-end reporting tools are also offered. Nettaxi uses the eCHARGE transaction system for e-commerce deals, allowing customers to charge online purchases to telephone bills rather than credit cards.

“The acquisition of Plus Net allows us to provide a complete
feature rich set of premium services,” said Robert Rositano, Jr., Nettaxi’s chief executive officer.

“The phenomenal growth of our citizen base is a testament to the quality of experience Nettaxi’s community provides.”