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| | CMG Information Services: 1997 Annual Report: Notes to Consolidated Financial Statements |
 | | CMG Information Services, Inc. (the Company) is a direct marketing service provider that invests in, develops and integrates advanced, Internet, interactive, and database management tecder that invests in, develops and integrates advanced, Internet, interactive, and database management technologies. |
 | | The Company’s investment in Vicinity was made during the second quarter as part of a $5 million equity round, including outside investors, and reduced the Company’s ownership in Vicinity from 47% to 45%. |
 | | The Company’s $10 million collateralized borrowing is secured by 784,314 of the Company’s common shares of its subsidiary, Lycos, with interest payable quarterly at a rate of LIBOR plus 1.75% (7.52% effective rate at July 31, 1997), and is payable in full on January 17, 1998. |
| www.cmgi.com /investor/images/annual/1997/notes.htm (6789 words) |
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