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Press Release

Venture Wire
Private Company Business News
Published Daily by Technology Partners


Online Company's Founder Returns as CEO

Wednesday January 5, 2000

DURHAM, N.C. -- NetGift Registry, which provides online gift registry services, said it named its founder and first chairman Ed Fadel as CEO. After founding NetGift, Mr. Fadel, together with Paul Mayer, started Fusion Ventures, an incubator company that provided seed funding for NetGift. Mr. Fadel succeeds CEO Steve Furst, who resigned to join another startup company. NetGift has also received individual and institutional investment.

ABOUT NETGIFT REGISTRY
NetGift Registry offers private-labeled gift registry solutions for real and virtual shopping environments. Current partners include Inktomi Corp., USAToday, Washington Post/Newsweek Interactive, and Homestead.com.

Press Contact:
NetGift Registry
Research Triangle Park
Randall Gregg
919.688.4488, ext. 111
[email protected]

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