EXHIBIT 99.1
CONTACTS:
AT ONHEALTH NETWORK COMPANY
Bobbi Hoff, CFA or Gary Ball
Investor Relations
206/652-0308
[email protected] or [email protected]
FOR IMMEDIATE RELEASE
ONHEALTH ANNOUNCES MANAGEMENT CHANGES
RON STEVENS PROMOTED TO PRESIDENT, REPLACING ROBERT GOODMAN
MARY BRUNO PROMOTED TO GENERAL MANAGER, EXECUTIVE VICE PRESIDENT, REPLACING
REBECCA FARWELL
SEATTLE, WA, JUNE 14, 2000 - OnHealth Network Company (Nasdaq: ONHN), a leading
consumer health and wellness Internet destination (WWW.ONHEALTH.COM), today
announced changes in the company's management team effective immediately.
Ron Stevens, currently the Chief Financial Officer, has been appointed President
and will assume responsibilities for Robert Goodman, who has resigned his
position as President and Chief Executive Officer and as a director of the
Company. Mr. Goodman will continue to provide consulting services to OnHealth
while he is pursuing other interests. Mr. Stevens joined OnHealth in August 1999
as Chief Financial Officer and will continue in this role in addition to having
responsibility for all aspects of the daily operations of the company. OnHealth
does not have plans to fill the position of CEO prior to the pending
acquisition.
In addition, Mary Bruno will replace Rebecca Farwell as Executive Vice President
and General Manager. Ms. Bruno joined OnHealth in September 1999 as Senior Vice
President of Publishing. In her new role, she will continue to provide the
creative and editorial direction for onhealth.com and oversee the daily
operations of the site's content management, which has led OnHealth to be the
leading health site destination according to Media Metrix.
On February 15, the Company signed a definitive agreement to be acquired by
Healtheon/WebMD subject to shareholder and regulatory approval. The Company
expects this transaction to be completed in the third quarter of 2000.
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ABOUT ONHEALTH NETWORK COMPANY
Headquartered in Seattle, Washington, OnHealth Network Company (Nasdaq: ONHN) is
a leading Internet health information and services resource that empowers
consumers with integrated solutions to effectively manage their health and well
being. In association with leading medical institutions, OnHealth's seasoned
health journalists and medical contributors offer unbiased and trusted health
resources via reference guides, up-to-date news feeds, deep research,
personalization and interactive tools. onhealth.com is the single most
trafficked health site on the Web with 4.9 million unique users and the 47th
largest property online, according to the April 2000 Media Metrix report. The
award-winning site was recently named "Best Health & Medicine Web Site" by US
News & World Report, "Best Overall Health Content Site" by Gomez Advisors, and
won three gold medals including "The Best Consumer Healthcare Portal Site" at
the November 1999 eHealthcare World Awards. Over 500 different sites drive
traffic to onhealth.com through various strategic alliances including AOL's
Digital City, Inc., Ask Jeeves, About.com, Better Homes and Gardens, Yahoo! and
Microsoft's Hot Mail Web Courier. OnHealth also attracts leading advertisers
from Glaxo Wellcome, Johnson & Johnson, Pfizer, Procter & Gamble and SmithKline
Beecham to American Express, AIG Insurance, Fidelity Investments, Ford,
Kellogg's and Neiman Marcus, among others. As part of strategic expansion, the
company acquired Health Decisions International and BabyData.com in 1999.
CERTAIN STATEMENTS IN THIS RELEASE, SUCH AS THE COMPANY'S ABILITY TO COMPLETE
THE ACQUISITION TRANSACTION BY HEALTHEON/WEBMD AND OTHER STATEMENTS CONTAINING
"EXPECTS," "ANTICIPATES," "INTENDS," "HOPES" OR "BELIEVES" OR VARIATIONS OF SUCH
WORDS AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING
STATEMENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL
RESULTS TO DIFFER MATERIALLY FROM THOSE PROJECTED. POTENTIAL RISKS AND
UNCERTAINTIES INCLUDE SUCH FACTORS AS ACCEPTANCE OF THE COMPANY'S PRODUCTS AND
SERVICES, THE COMPANY'S ABILITY TO COMPLETE THE ACQUISITION BY HEALTHEON/WEBMD,
THE COMPANY'S RELIANCE ON EXTERNAL FINANCING, COMPETITION AND OTHER RISKS
DESCRIBED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION,
INCLUDING THE REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1999.
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