Contact: David Adler 646.638.3600 Ext: 101
Cell: 917.543.1024 dadler@bizbash.com
BiZBash.com,
New Marketplace and Showcase Site for Business Events
Industry, Raises $2.5 Million in First Round
NEW
YORK, May 3, 2000 - BiZBash.com, a marketplace and showcase
site targeting the premium "special events"
industry, said it received $2.5 million of Series A financing.
Milestone Venture Partners, an early stage B2B venture
firm focusing on the New York metropolitan area, led the
round along with prominent individual investors including
William F. Reilly, former chairman and CEO of PRIMEDIA;
Andrew Farkas, chairman and CEO of Insignia Financial
Group; Matthew Bronfman; and Amy Churgin, publisher of
Architectural Digest. Todd Pietri of Milestone Venture
Partners will join the Board of Directors along with Reilly,
Louis Perlman and Bronfman.
BiZBash.com
senior management includes industry leaders and innovators.
David Adler, 46, who was the founder and president of
Washington Dossier magazine, a glossy magazine that covered
the entertaining, social and political world of the nation's
capital, and the former corporate communications chief
for PRIMEDIA and Macmillan Inc. will assume the role of
CEO and editorial director. Richard Aaron, CMP, CSEP,
53, a special events industry pioneer and one of the leading
experts in the corporate special events industry, will
serve as president. Jonathan Adler, 43, formerly chairman
and CEO of The Adler Group, Inc., Apartment Shoppers Guides,
New Homes Shoppers Guides and former publisher of Washington
Dossier will be chairman and COO of the Company.
Funds
will be used to build and beta-test the site in New York
City to a closed user group in fall 2000. A multi-market
roll out is planned for early 2001.
