Mark Cuban Leads Investment in Goowy Media

SAN DIEGO--(BUSINESS WIRE)--April 25, 2006--Goowy Media, a Web 2.0 pioneer in communication and sharing applications, today announced the completion of a major strategic financing round.

Mark Cuban, a leading internet pioneer and investor, has made the lead investment in Goowy Media. The investment provides for financing that will fuel the ongoing expansion of the company's user base and the enhancement of Goowy Media's services, along with the introduction of new products and services.

"We are thrilled to have Mark Cuban as our partner. The opportunities and experience Mark brings to Goowy, combined with the established relationships we have and continue to add on a daily basis, put us in an great position to further define Goowy as the premier webtop destination on the Internet," said Alex Bard, Goowy Media's President and CEO. "Our loyal user base has continued to grow and we are adding users on an accelerating basis. Mark's investment will help us keep up with the growth while advancing the product and features."

Goowy Media delivers an integrated "webtop" experience for managing your personal communications (integrated instant messaging, email, contacts, and calendar), organizing and sharing your files (online file storage), and centrally aggregating your web data (minis for weather, stocks, news, rss feeds, pictures, to do lists, music and more).

"I am incredibly excited about the opportunities in front of Goowy. I first became interested as a user. Once I got the chance to sit down with the Goowy team, it became obvious that the opportunities to simplify the communications and interface issues that internet users face on a daily basis were incredible," said Mark Cuban, owner of the Dallas Mavericks and HDNet. "In addition to the management and financial support I will be providing, I expect significant leverage opportunities with my other investments from the Dallas Mavericks, to HDNet and of course Icerocket.com, Box.net, Filesanywhere.com, Redswoosh.com and our other entertainment properties."

Comments

[Madhu]

Ha! that's why goowy is rocking together with box.net

Great guys keep bringing 'em

[Drew Olanoff]

Great work, goowy keeps getting better and better!