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8-K - WEB.COM GROUP, INC. | v204113_8k.htm |
Exhibit
99.1
For Immediate Release | Contact: | |
Susan
Datz Edelman
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Director,
Corporate Communications
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(904)
680-6909
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sedelman@web.com
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Philip J.
Facchina Joins Web.com Board of Directors
JACKSONVILLE,
FL – November 29, 2010 – Web.com Group Inc. (NASDAQ: WWWW) a leading provider of
online marketing for small businesses, today announced that Philip J. Facchina
has joined its Board of Directors.
Facchina
is currently a Partner and the Chief Operating Officer of Ramsey Asset
Management, Inc. (RAM), a $500 million long/short hedge fund serving
institutional investors. Prior to joining RAM in 2008, Facchina spent
approximately 10 years with FBR Capital Markets, serving principally as Senior
Managing Director and Group Head of Technology, Media & Telecom
and Healthcare groups within FBR’s Investment Banking unit, subsequently serving
also as Head of Financial Sponsors. While at FBR, he completed over
170 investment banking transactions having aggregate transaction value of
approximately $15 Billion. Prior to FBR, Facchina served variously as President,
Executive VP and Chief Financial Officer of both public and private technology
companies. His early involvement in the Internet ultimately led to
the sale of one such company, NetChannel, Inc. to AOL.
“Phil’s
expertise in the capital markets and as an Internet executive makes him an
excellent addition to our board,” said David Brown, chairman of the board and
chief executive officer of Web.com. “This is a time of growth and
opportunity for Web.com, and Phil, along with our other board members, will be
an invaluable resource as we continue the growth of our business.”
About
Web.com
Web.com
Group, Inc. (NASDAQ: WWWW) is a leading provider of online marketing solutions
for small businesses. Web.com meets the needs of small businesses anywhere along
their lifecycle by offering a full range of online services and support,
including domain name registration services, website design, logo design, search
engine optimization, search engine marketing and local sales leads, general
contractor leads, franchise and homeowner association websites, shopping cart
software, eCommerce website design and call center services. For more
information on the company, please visit http://www.web.com or
call 1-800-GETSITE (1-800-438-7483).
Note
to Editors: Web.com is a registered trademark of Web.com Group,
Inc.
Forward-Looking
Statements
This
press release includes certain "forward-looking statements" that are subject to
risks, uncertainties and other factors that could cause actual results or
outcomes to differ materially from those contemplated by the forward-looking
statements. These forward-looking statements include, but are not
limited to, plans, objectives, expectations and intentions and other statements
contained in this presentation that are not historical facts. These
statements are sometimes identified by words such as “will,” “seek,” or words of
similar meaning. As a result of the ultimate outcome of such risks and
uncertainties, Web.com’s actual results could differ materially from those
anticipated in these forward-looking statements. These statements are
based on Web.com’s current beliefs or expectations, and there are a number of
important factors that could cause the actual results or outcomes to differ
materially from those indicated by these forward-looking statements and other
risks that may impact Web.com’s business. Other risk factors are set forth
in reports filed by Web.com with the Securities and Exchange Commission,
including most recently Web.com’s Form 10-Q for the quarter ended September 30,
2010 filed with the SEC on November 5, 2010. These reports are available on a
website maintained by the Securities and Exchange Commission at
www.sec.gov. Web.com expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statements
contained herein as a result of new information, future events or
otherwise.
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