Wednesday January 3, 9:08 am Eastern
LocalBusiness.com Releases 1st
Quarter 2001 '50 To Watch' List In New York
List Recognizes 1,150 Emerging Small- and
Medium-Sized Companies in 23 Markets Nationwide
FORT LAUDERDALE, Fla., Jan. 3 /PRNewswire/ --
the online local business news and destination site,
released today its quarterly ``50 to Watch'' list of the 50
most newsworthy emerging private and public
small-to-medium-cap companies in 23 markets nationwide,
including New York City.
LocalBusiness.com generates 500
original news stories each week by a staff of more than 50
reporters and editors nationwide focusing on local breaking
business news, including technology, venture capital and
small business. Each quarter, LocalBusiness.com unveils its
``50 to Watch'' list that highlights companies that are
newsmakers and are poised for change. Some companies have
defined new standards, attracted significant venture capital
investment, forged influential business models, developed
products and services that will change business, while
others may make the news in the next quarter for the
challenges they face.
``The '50 to Watch' list represents
a diverse selection of emerging companies that will be
making news over the next three months. Some of these
companies possess tremendous growth potential and some face
significant challenges in this volatile market,'' said Kurt
Greenbaum, Executive Editor of LocalBusiness.com. ``In
other words, we can learn as much from companies that are
struggling as we can from those that are thriving. Our
readers depend on the comprehensive B2B breaking news
coverage that only LocalBusiness.com provides in each market
and the '50 to Watch' list highlights those companies that
should definitely be watched in the next quarter.''
generate the LocalBusiness.com ``50 to Watch'' list,
reporters and editors research the public and private
companies in their cities, network in the VC and local
business community and analyze the information sent to them
by companies who nominate themselves for the list.
Innovation, vision, significant venture capital funding,
valuable customer contracts and new markets are among the
criteria that place companies on the ``50 to Watch''
LocalBusiness.com's 1st Quarter 2001 ``50 to Watch''
list for New York City includes the following companies:
- 24/7 Media
- 4 Kids Entertainment
- Applied Theory
- Take-Two Interactive Software
How To Be
Considered for the LocalBusiness.com ``50 To Watch''
Reporters and editors begin to develop each ``50 to
Watch'' list early in the preceding quarter by researching
information about public and private emerging companies.
Overall, they seek companies that have attracted or will be
attracting substantial venture capital, possess strong
management, that are building new markets or job
opportunities and that are poised for a major news
In addition, a company can nominate itself
online to be considered for the LocalBusiness.com ``50 to
Watch'' list. To nominate a company that might be worthy of
attention in one of the markets, simply visit http://www.LocalBusiness.com/Top50/nominatedb50.htm.
The deadline for submissions is 15 business days prior to
the end of each quarter. The next LocalBusiness.com ``50 to
Watch'' list will be for the 2nd quarter of 2001 and will be
released on April 2, 2001.
LocalBusiness.com is a leading Internet
provider of breaking local news and intelligence, tools and
research resources for small- and medium-sized businesses in
over 24 major markets across the United States. The
company's institutional investors include U.S. Equity
Partners, L.P., the private equity fund sponsored by
Wasserstein Perella & Co., Inc., Rustic Canyon Ventures,
a venture capital fund, and Tribune Ventures, the strategic
investment unit of Tribune Company. LocalBusiness.com also
publishes digitalsouth magazine (digitalsouth.com), the only
publication that covers leading-edge technology companies,
venture capital and finance from the Mason-Dixon line to the
Florida Keys and west to Texas.