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1999 | 08 | 31 | Press Releases | Work | Student Net Publishing | Student.Com | TVGrid.Com
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Student.Com and TVGrid.Com to Receive $7.5M Financial Package from ULLICO
August 31, 1999

Boston, MA (August 31, 1999) — Today sister companies Student.Com, Inc. and TVGrid.Com, Inc. closed on a $7.5M round of financing with ULLICO. The funds will be used to support the strategic initiatives of both companies.

"There has been a long-standing affinity between students and the labor movement. ULLICO's support is evidence of their insights into the issues affecting college students, many of whom are the children of their members," said Stewart Ugelow, Chief Executive of Student.Com. "ULLICO's investment represents an endorsement of our strategy and of our market. They see many opportunities for our growth."

About ULLICO Inc.

ULLICO was founded in 1925 as The Union Labor Life Insurance Company to provide death benefits to the families of union members. Headquartered in Washington, D.C., ULLICO has become a diversified financial services company that focuses investment services, insurance and benefits administration.

ULLICO has provided financial assistance to many companies, including a variety of "dot-com" corporations including Global Crossing, a provider of global broadband communication services, and Value America, an online retailer of discount-priced electronic and entertainment products. For more information about ULLICO please visit http://www.ullico.com.

About Student.Com, Inc.

In December 1995, Student.Com was founded by six students at Yale and Columbia universities to provide college students with high-quality online content. As an online magazine and community, Student.Com provides students with an arena in which they can express their opinions and get advice on everything from health to careers.

About TVGrid.Com, Inc.

TVGrid.Com was introduced in September 1997 and has become the most comprehensive and accurate personalized television listings service on the Internet. TVGrid.Com is available at http://www.tvgrid.com and distributed through various partnerships with Web sites including AOL Canada and MediaOne's high-speed Internet access service MediaOne Express.