Penny Lane

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:       
Content/Communities

  
* 
Scorecard:      B-

• 
  
• 
  STAMFORD, May 4–MemberWorks (MBRS)
  , a provider of consumer and membership services through affinity marketing
  and on-line channels, announced that its majority-owned venture,
  iPlace, a personal information content and infomediary on the
  Internet, has successfully acquired Qspace, a leader in on-line
  credit and personal finance.
• 
  Under the terms of the agreement, iPlace will acquire Qspace, a privately held company, in an
  all stock transaction whereby QSpace will receive a minority interest in
  the newly combined entity. MemberWorks will continue to hold a
  majority ownership in the combined company. iPlace was recently formed
  through the merger of ConsumerInfo.com and eNeighborhoods to form
  the leading personal information content and infomediary site on the
  Internet.
• 
  
•  

  
* 
Amount:         $1.5
million

  
* 
Terms:           
100% cash

  
* 
Premium:        n/a

  
* 
Industry:        Performance
Software

  
* 
Scorecard:      B-

• 
  
• 
  FREMONT, May 4–N.E.T. (NWK),
  a supplier of networking solutions for competitive service providers,
  announced that it has acquired the assets of privately held Convergence
  Equipment Company from Global Communication Technologies, an
  emerging global service provider, for $1.5 million cash. Convergence
  Equipment Company designs and manufactures next generation IP telephony
  platforms. Included in the deal are the Convergence Equipment Company’s
  engineering team, intellectual property, and a full-featured IP (internet
  protocol) voice switch.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:  

         
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      F

• 
  
• 
  CHICAGO, May 4–BAB Holdings (BAGL)
  announced it has entered into a merger agreement with Planet Zanett
  Corporate Incubator, one of the leading international Internet
  Incubators, headquartered in New York City’s Silicon Alley. Planet Zanett is a multi-national
  corporation whose sole function is to incubate early stage companies
  focusing on Infrastructure, Wireless Applications, and Internet Solutions
  to industrial corporations worldwide.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
cash and stock

  
* 
Premium:        n/a

  
* 
Industry:       
Advertising/Marketing

  
* 
Scorecard:      D+

• 
  
• 
  GRAND RAPIDS, May 4–Alternate Marketing Networks (ALTM)
  announced it has acquired AdTrackMedia.com, an Internet advertising
  and marketing network, in the next major step to strengthen its online
  capabilities.
• 
  Grand Rapids, Mich.-based Alternate
  Marketing Networks said the deal, which was finalized for an
  undisclosed amount of cash and stock, will add online marketing,
  advertising and tracking capabilities to its portfolio of traditional
  offline marketing and sampling products.
• 
  
•  

  
* 
Amount:         $34
million

  
* 
Terms:           
7,584,000 shares

  
* 
Premium:        n/a

  
* 
Industry:        E-commerce
enablers

  
* 
Scorecard:      C

• 
  
• 
  TORONTO, May 4–InfoCast (OTCBB: IFCC),
  an e-enabling application service provider, announced that it has signed a
  definitive Agreement and Plan of Merger with i360 inc., a
  Tucson-based aggregator of virtual communities through customized portals.
  The merger will give InfoCast
  access to i360’s growing customer base
  of network marketing organizations and affinity groups.
• 
  The holders of i360’s issued and outstanding common stock will be entitled
  to receive .30 shares of InfoCast common stock per share of i360 common
  stock (an aggregate of 7,584,000 shares of InfoCast common stock).
• 
  
•