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Exhibit 99.1
CONNECTIVCORP PROMOTES FORMER BMG CEO, ELLIOT
GOLDMAN, TO PRESIDENT/CEO
NEW YORK, Jan. 11 /PRNewswire/ -- ConnectivCorp (OTC Bulletin Board: COTV -
NEWS; http://www.connectivcorp.com), a deep content provider that facilitates
online connections between consumers and healthcare-oriented companies,
announced today that Elliot Goldman, the Company's Chief Operating Officer, has
been promoted to President and Chief Executive Officer.
Robert Miller, President and Chief Executive Officer, has been promoted to
Co-Chairman of the Board.
Mr. Goldman's executive and operational career spans three decades in the
entertainment industry including his role as President and CEO of BMG Music and
senior executive posts at Warner Communications Inc. (now Time Warner), CBS
Records (now Sony Music) and Arista Records. In all of these instances he had
primary responsibility for managing content companies and maximizing the net
income generated. Most recently he has been President of his own consulting firm
specializing in operational and deal assistance to major and independent music
companies.
Commenting on his promotion, Mr. Goldman said, "The marketing and
executive skills I developed in the music industry have been highly translatable
to the needs and responsibilities of ConnectivCorp, an Internet marketing
company. I've developed a real respect for the power and focus that the Internet
can bring to the marketing of content, particularly in the healthcare area. I
believe that the ability to utilize this new medium for the focused delivery of
information to the consumer will be an essential part of ConnectivCorp's
success."
Robert Miller added, "Elliot's promotion to President and CEO is a
reflection of the extraordinary work he has done in operating the Company and in
launching the Company's SexHealth.com web site. The Board of Directors believes
that Elliot is the best person to lead the Company at this juncture."
Robert Miller is a nationally recognized lawyer and investor. As a
lawyer, he has helped in many corporate restructurings, including Macy's,
Trump Taj Mahal, Days Inns of America, A.H. Robins and Continental Airlines.
As an investor, Mr. Miller has been involved in KDI Corporation, Buckhead
America Corp., and Crown Books Corp.
Robert Ellin, Co-Chairman of the Board, commented on Mr. Miller's role
changes, saying, "Robert has been a driving force in articulating and
implementing the Company's strategic direction. In his new role as Co-Chairman,
he will best serve the Company's interests by focusing his attention on the big
picture strategic directions, activities and relationships that are critical to
the Company's future success."
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ConnectivCorp
ConnectivCorp, operating through its subsidiary, ConnectivHealth, is a
deep content provider and marketing company that facilitates the online
connection between healthcare-oriented consumers, patients and caregivers, and
those healthcare companies desiring to serve their healthcare needs. On January
18th, 2001, ConnectivCorp. will officially launch SexHealth.com, a comprehensive
web site covering sexual health information and topics. The site will act as a
middleman between consumers and pharmaceutical marketers, matching them on a
fully opted-in, individualized basis.
SexHealth.com will provide information and solutions relating to the most
important, topical sexual health matters including fertility and pregnancy,
sexual dysfunction, sexually transmitted diseases, contraception, hormone
replacement therapy, gynecology, sex and cancer, sex on campus, sex and
relationships, sex and pop culture, sex and parenting, menopause, alternative
medicine and clinical trial recruitment.
The Company recently announced that SexHealth.com has entered into content
agreements with iWon.com, the fastest growing online portal with approximately 9
million unique monthly users, and American Media, Inc., the publisher of The
National Enquirer, Star and Globe, which reach over 20 million readers per week.
The Company has also entered into a letter of intent for a content agreement
with WeMedia, the definitive online site for the disabled community. Under these
arrangements, SexHealth.com will provide sexual health content to these
companies in exchange for branding, links and/or advertising back to
SexHealth.com's site, thereby generating traffic to the site.
Safe Harbor statement under the Private Securities Litigation Reform Act of
1995
This press release may contain forward-looking statements relating to
future performance, technology and product development that may impact future
results and the future viability of the company. Actual results could be
affected or differ materially from those projected in the forward-looking
statements as a result of various risk factors.
More information about factors that potentially could affect
ConnectivCorp's financial results is included in ConnectivCorp's filings with
the Securities and Exchange Commission.
