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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
CONTACT: Jennifer Blum
DoubleClick
212.381.5705
[email protected]
Mitchell Simmons
24/7 Media
212.231.7916
[email protected]
Tom Sebastian
L90
415.354.2813
[email protected]
DOUBLECLICK SETTLES PATENT LITIGATION WITH 24/7 MEDIA AS WELL AS SEPARATE PATENT
LITIGATION WITH L90
NEW YORK, November 6, 2000 - DoubleClick Inc. (Nasdaq: DCLK) and 24/7 Media
(Nasdaq: TFSM), and its wholly-owned subsidiary, Sabela Media, today announced
that the companies have settled the patent litigations captioned DoubleClick
Inc. v. Sabela Media, Inc. and 24/7 Media, Inc. v. DoubleClick Inc. pending in
federal district court in Manhattan. Separately, DoubleClick and L90 (Nasdaq:
LNTY) also announced today that the two parties have settled their patent
litigation and L90's related counterclaims.
Both the DoubleClick Inc. v. Sabela Media, Inc. and 24/7 Media, Inc. v.
DoubleClick Inc. lawsuits will be dismissed with prejudice. As part of the
settlement, 24/7 Media and DoubleClick have granted each other certain rights in
certain of their respective patents. Under the settlement agreement, no other
terms of the settlement were disclosed.
Separately, L90 and DoubleClick have entered into an agreement pursuant to which
the parties will enter into definitive documents to settle the patent litigation
captioned DoubleClick Inc. v. L90, Inc., including L90's related counterclaims,
pending in federal district court in Manhattan. Under the definitive documents,
the parties will dismiss the pending lawsuit with prejudice, and grant each
other certain rights in certain of their respective patents. No other terms of
the settlement were disclosed.
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About DoubleClick Inc.
DoubleClick Inc. (www.doubleclick.net) is the leading global provider of ad
delivery technology with the largest Network of top Web sites worldwide. The
company provides nearly 5,000 Web advertisers and over 3,200 publishers with ad
sales, technology, data, email, wireless and promotions solutions to meet online
marketing needs. DoubleClick products help advertisers and publishers build
customer relationships through brand awareness and customer retention.
DoubleClick Inc. has global headquarters in New York City and maintains over 40
offices around the world.
About 24/7 Media Inc.
24/7 Media Inc. is a leading global provider of end-to-end advertising and
marketing solutions for Web publishers, online advertisers, advertising
agencies, e-marketers and e-commerce merchants. 24/7 Media provides a
comprehensive suite of media and technology products and services that enable
Web publishers, online advertisers, advertising agencies and e-marketers to
attract and retain customers worldwide, and to reap the benefits of the Internet
and other electronic media. Our solutions include advertising and direct
marketing sales, ad serving, promotions, email list management, email list
brokerage, email delivery, data analysis, loyalty marketing and convergence
solutions, all delivered from our industry-leading data and technology
platforms. Our 24/7 Connect ad serving technology solutions are designed
specifically for the demands and needs of advertisers and agencies, Web
publishers and e-commerce merchants. Based in New York, 24/7 Media Inc. has
offices in 51 cities in 28 countries.
About L90
L90 is a leading online marketing and technology company specializing in next-
generation advertising and direct marketing programs. The Company's
comprehensive suite of technology-driven marketing solutions, called ProfiTools,
enable advertising clients to maximize ROI across multiple platforms while
helping Web sites monetize their customer bases. L90's suite of ProfiTools
includes sponsorships, microsites, pop-ups, sweepstakes, opt-in programs, rich
media, e-mail marketing, viral marketing and streaming audio/video.
Headquartered in Los Angeles, L90 has additional offices in New York, San
Francisco, Chicago, Detroit, Miami, Seattle and London. L90's advertising
clients include Visa, Microsoft, General Motors, Warner Bros., and Procter &
Gamble.
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