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Gamesville.Com Receives $14 Million in First-Round Financing

Jun 18, 1999

Game show site Gamesville.com Inc. said it has received
over $14 million in its first round of venture capital financing.

Flatiron Partners was the lead investor, joined by Softbank Technology
Ventures, Highland Capital Partners and General Catalyst Internet Partners.
Gamesville.com 1.4 million registered visitors who play ad-backed, real-time,
massively
multi-player game shows and win prizes. Advertisers include Virgin Atlantic,
eBay, J.C. Penney, Rolling Stone Magazine and SmithKline Beecham.

“The online game show space is red hot, and with this round of funding
Gamesville.com will continue to lead this marketplace,” said Steve Kane, CEO
of Gamesville.com. “We will use the funding to aggressively market
Gamesville.com and rapidly expand our
audience, client base and product offerings.”

As part of the investment, Gamesville.com has added Managing Partner Jerry
Colonna of Flatiron Partners, General Partner Charley Lax of Softbank
Technology Ventures and Managing Directors Brian Bedol and David Fialkow of
General Catalyst Internet Partners to its Board of Directors.

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