Tuesday November 30, 9:06 am Eastern
Company Press Release
Corporation Closes $15 Million Round of Financing, Announces
Name Change and New Board Member
Formerly called The
Pixel Company, xSides names Broadcom founder Henry
T. Nicholas III, Ph.D., to its Board of Directors
SEATTLE--(BUSINESS WIRE)--Nov. 30, 1999--
xSides(TM), an industry pioneer in technology development and
design, announced today the completion of a second round of funding
and support from strategic investors in Internet and broadband
The $15 million Series B Round includes financing from the
founders of Broadcom Corporation -- Henry T. Nicholas III, Ph.D.,
Broadcom's president, CEO and co-chairman, and Henry Samueli, Ph.D.,
co-chairman and chief technical officer of Broadcom. Also
participating in xSides Series B Round were Amerindo Investment
Advisors Inc., Hikari Tsushin Inc., and Rader Reinfrank & Co. LLC.
xSides also named Nicholas to its Board of Directors.
``This round of financing allows xSides to continue focusing on
developing its inventive, patent-pending technology that brings
Internet applications and services directly to the desktop,
independent of the Microsoft Windows operating system. Proceeds from
the current round will be used to fund ongoing operations, recruiting,
development and product rollout,'' said Bob Steinberg, chairman and CEO
of xSides Corporation.
``xSides has pioneered a new way of persistently displaying
applications and services on the PC that is directly applicable to the
delivery of bandwidth-hungry Internet appliances,'' Broadcom's Nicholas
said. ``I see tremendous potential for the xSides technology to help
entice users to move from today's relatively slow and traditional
phone lines up the broadband curve to DSL and cable.''
``This is an exciting period for xSides. We're gaining significant
support for our efforts in the market for consumer and enterprise
Internet-based applications,'' Steinberg said. ``Our investors bring a
unique blend of technology expertise that maps perfectly to the
company's direction. xSides is in a unique position to deliver both
new consumer experiences to the desktop and to exploit new Internet
business models that have been previously untapped.''
The xSides Technology
The xSides technology delivers applications through a persistent
miniature portal window on the desktop that exists outside and
independent of the desktop operating system. It organizes consumers'
Internet applications through persistent presence on the screen.
xSides delivers customized e-mail, news, weather, stock information,
city guides and other valuable content directly to consumers through
partnerships with companies such as WorldPages.com. For more
information concerning xSides technology and potential consumer and
enterprise applications visit www.xSides.com.
xSides, formerly The Pixel Company, was established in 1998 by a
core group of entrepreneurs who sought to expand the real estate on
the computer screen. xSides, a patent-pending technology, allows a
personal computer or operating system-enabled TV to securely deliver
and display interactive content, applications and graphics unobscured
by and outside of the traditional Microsoft® Windows(TM) display
area. Internet content and services in the xSides area of the screen
are always visible, always accessible, always customizable.
About Amerindo Investment Advisors Inc.
Amerindo Investment Advisors Inc., founded in 1979, manages more
than $2.5 billion in emerging growth stocks for institutional clients.
Primarily an investor in the public markets, Amerindo portfolio
companies include Amazon.com (Nasdaq:AMZN - news), @Home (Nasdaq:ATHM - news), eBay
(Nasdaq:EBAY - news) and Inktomi (Nasdaq:INKT - news). For more information, please
About Hikari Tsushin Inc.
Hikari Tsushin Inc. is a leading marketer, reseller and
distributor of telecommunications services in Japan. Founded in 1988,
Hikari works with long-distance carriers, cellular operators and
Internet service providers to promote competition and consumer choice
in the Japanese market. The company serves more than 2 million
cellular subscribers through wholesale channels and 1,200 retail
outlets. Hikari's Internet business is the fastest-growing ISP in
About Rader Reinfrank & Co. LLC
Rader Reinfrank & Co. LLC manages a $100 million private equity
fund focusing on growth investments in communications, media and
Internet-related companies. Previous investments by the fund include
OneTel Ltd., an Australian wireless and wireline telecom provider
(ASX:ONE), Multex.com Inc., a leading on-line distributor of
financial information and investment research (Nasdaq:MLTX - news), OneSoft
Corporation, an e-commerce software and services provider, TelePacific
Communications, an integrated communications provider, Yipinet LLC, an
online continuing education provider, Trillium Digital Systems, a
communications software provider, and CoSine Communications, a managed
IP platform provider.
xSides is a trademark of xSides. Other product and company names
herein may be trademarks of their respective owners.
The KMC Group
Pam Miller, 425/450-9965 x122
Denise Palmer, 425/450-9965 x110