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|Subject: nbci - new COO||Date: 10/26/1999 10:34 AM|
|Author: rolv||Number: 205 of 231|
EDMOND SANCTIS APPOINTED PRESIDENT AND COO OF PROPOSED NBC INTERNET INC. (NBCI)
SAN FRANCISCO, Oct 26, 1999 /PRNewswire via COMTEX/ -- Edmond Sanctis
has been appointed President and Chief Operating Officer (COO) of NBC
Internet Inc. (NBCi), pending closing of the transaction to form NBCi.
The announcement was made by NBCi Chief Executive Officer-designate,
Chris Kitze, current Chairman of XOOM.com Inc. (Nasdaq: XMCM), to whom
Sanctis will report. Sanctis previously served as Chief Operating
Officer of Snap.com, the Internet portal service from NBC and CNET.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990713/SNAPLOGO ) "There
is nobody else in the Internet industry who better understands both the
Internet and television businesses as well as Edmond Sanctis. He brings
to this new position an exemplary track record as a principal architect
of the constituent NBC and Snap businesses that will form NBC Internet
Inc. together with XOOM.com," said Kitze. "Edmond has done a remarkable
job growing Snap.com and leading it into the broadband arena, and is
just the right person to help guide NBCi into the next century."
On May 10, 1999, NBC, XOOM.com and CNET announced that NBC will merge
several of its key Internet assets with XOOM.com and Snap.com to form
one of the first publicly traded Internet companies combining these
services in a strategic relationship with a major broadcast television
network, subject to approval by stockholders of XOOM.com and other
customary conditions. The new company, to be called NBC Internet
(NBCi), will use Snap.com as its umbrella consumer brand, integrating
broadcast, portal, and e-commerce services.
As President and COO of the proposed NBC Internet Inc., Sanctis will be
responsible for the overall operation and management of the venture,
supervising the company's product, technology, business development,
broadband, sales, marketing, and human resources divisions.
Under his direction, Snap.com became the fastest-growing major Internet
portal from July 1998 to July 1999 and one of the first Internet portal
companies to launch a multimedia portal service for broadband and other
high-speed Internet users.