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April 8, 1996 NYNEX CONTACT: Media Relations, (212) 395-0500. NYNEX Invests In INFOSEEK Matthew J. Stover Joins Infoseek Board of Directors SANTA CLARA, CA -- Infoseek Corporation, the Internet navigation service, today announced that NYNEX Information Technologies, a subsidiary of NYNEX Information Resources Company, has made a several-million dollar investment in Infoseek for a 5% preferred equity interest in the company. The investment will aid Infoseek in the development of the next generation of its search engine technology and navigation service. Additionally, Matthew J. Stover, president and CEO of NYNEX Information Resources Company, has been elected to Infoseek's board of directors. NYNEX recently announced BigYellow (sm), an online shopping directory of almost every business in the U.S., for which it selected Infoseek Guide as its search and navigation service of choice. BigYellow and Infoseek Guide will share a high degree of inter-operability, so that users can easily move from search to browse to shop functions. "Infoseek's search engine capability, technology innovation and commitment to building a customer-focused business complements BigYellow's vision to be the best service to enable people to shop and complete transactions on the Internet," said Stover. "We are pleased that NYNEX has shown such confidence in our company and technology," said Robin Johnson, president and CEO of Infoseek. "We will continue our efforts to closely integrate Infoseek and BigYellow services and technologies to benefit our customers." In addition to heading NYNEX Information Resources Company, Stover is chairman of the board of NYNEX Information Technologies, MEDIATEL and NYNEX International Publishing Company. He also serves on the boards of the National Association of Manufacturers, the Computer and Communications Industry Association and the Yellow Pages Publishers Association. NYNEX Information Resources Company is a leading provider of shopping and marketing information services, including more than 300 yellow page and white page directories in the United States, the Czech Republic, Slovakia, Poland and Gibraltar. It is the creator of BigYellow, the leading national online shopping directory. Infoseek, a privately held company in Santa Clara, Calif., provides a leading Internet navigation service. The service, Infoseek Guide, was recently named the number one site in advertising revenue by SIMBA Information Inc. Infoseek also received the 1996 PC World Pro/E award for Best Internet Search Engine.
NYNEX is a global communications and media company that provides a full range of services in the northeastern United States and high-growth markets around the world, including the United Kingdom, Thailand, Gibraltar, Greece, Indonesia, the Philippines, Poland, Slovakia and the Czech Republic. The Corporation is a leader in the telecommunications, wireless communications, cable television, directory publishing and entertainment and information services. FAX copies of recent NYNEX news releases are available free of charge, 24 hours a day. Call 1-800-331-1214 and an automated system will provide instructions.
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