Mar. 29, 2006
ATLANTA, March 29, 2006 (PRIMEZONE) -- Web.com, Inc. (Nasdaq:WWWW), the leading destination for websites and web services for small businesses and consumers, today named Joseph A. Newcomb as Executive Vice President, Secretary and General Counsel. Newcomb will serve as a key member of the executive team and will be responsible for managing Web.com's legal affairs including corporate governance, litigation, intellectual property and patents. Similar to Jeff Stibel, President and CEO of Web.com, Newcomb will not take a salary until the company is EBITDA positive.
"Joe comes to us from Inamed Corporation, where he was part of a management team that took the company from a market capitalization in 2002 of approximately $350 million to its recent acquisition at a value of $3.2 billion," stated Jeff Stibel, President and CEO, Web.com. "His extensive corporate and business background and proven track record will be instrumental to our success going forward. The fact that Joe has agreed to forgo a salary speaks to his strong beliefs on the future success of our company."
Newcomb has substantial experience in domestic and international corporate transactions and was previously Executive Vice President, Secretary and General Counsel at Inamed Corporation (Nasdaq:IMDC). Inamed was acquired by Allergan (NYSE:AGN) for $3.2 billion earlier this month. Prior to Inamed, Newcomb was Chief Financial Officer and General Counsel of Simpli, Inc., reporting to Stibel. Prior to Simpli, he was Vice President and General Counsel for the U.S. operations of Brierley Investments Limited, an international holding company, where he was an active participant in the origination and structuring of investments and the management of the portfolio companies as a senior officer. Newcomb received his B. B. A. from the University of Notre Dame, his J.D. from the University of Connecticut and his LL.M. (Taxation) from Georgetown University Law Center. He is also a Certified Public Accountant and a member of the American Institute of CPAs.
"Web.com's strong intellectual property portfolio and underlying business model provide an exciting opportunity," stated Newcomb. "Jeff and I have worked together before with great success. I am excited to join a proven team and add value through my expertise in litigation, patents, and general management."
Web.com, Inc. (Nasdaq:WWWW), formerly Interland, Inc. (Nasdaq:INLD), is the leading destination for the simplest, yet most powerful solutions for websites and web services. Web.com offers do-it-yourself and professional website design, website hosting, ecommerce, web marketing and email. Since 1995, Web.com has helped hundreds of thousands of individuals and small businesses leverage the power of the Internet and build a web presence. More than 4 million websites have been built using Web.com's proprietary tools, services and patented technology. For more information on the company, please visit www.web.com or www.interland.com or call at 1-800-WEB-HOST.
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