AFFINTIY INTERNET LAUNCHES NEW DIVISION TO HELP GROW NEXT GENERATION ONLINE TALENT Thursday 30 November 2000 PDF Print Affinity Innovations calls for technology and Internet entrepreneurs to join group as joint ventures http://www.affinity.uk.com A leading UK Internet and online services company today issued a call for start-up technology and online services companies to submit proposals to become businesses within its group of companies. Affinity, the principal provider of outsourced Internet services, has established its 'Innovations' division as an alternative for entrepreneurs to the incubator / accelerator route or going it alone. Affinity, which is listed on the London Stock Exchange's techMARK index, sees the division as the best way to find a next generation of services and technologies to offer to its blue-chip customer base. Companies that are selected will become part of the Affinity Innovations division and joint ventures within the Affinity group. Affinity will provide support services and infrastructure and assistance in attracting funding from third party investors. The new companies will have access to Affinity's superior technology infrastructure and its strategic suppliers' services. A further benefit for the new companies will be easy access to Affinity's extensive base of customers and a group sales team that will provide a rapid and highly effective route to market for their products and services. Affinity was originally built on its wholly owned subsidiary Virtual Internet Provider, which provides the branded ISP services for companies such as Egg, Breathe.com and Tiny Computers. In recent years Affinity has taken its operations into areas such as wireless platforms, mobile telephony, billing and online gaming. It hopes that its Innovations division will bring new online services and ideas into the group. The company says it is taking some of the best aspects of the incubator / business accelerator model and applying it to its own hunt for new talent. It hopes for high quality business plans and concepts to come not only from new start-ups, but its own employees, partners, customers and other third parties such as VCs, or even other incubators who wish to jointly develop projects. Affinity was quick to stress that the new division was not an incubator. Wayne Lochner, CEO and co-founder of Affinity, said: "The last thing the world needs is yet another incubator. Affinity Innovations is not in the VC-game. It's all about developing online services and technologies that can generate immediate and multiple revenue streams and help build strong online brands for our customers. "We're not taking a spread-bet on a wide portfolio of Internet ideas, hoping that one or two will succeed. Instead we want proposals for what we consider to be "most-likely-to-succeed" businesses that will complement our group of companies and deliver revenue streams quickly. Affinity Innovations will have been through rigorous vetting before they become a joint-venture and that will stand them in good stead when they seek funding." For further information contact: Midnight Communications (business and trade media) Antony Mayfield / Anna Greenaway / Zoe Barnes Tel: 01273 666200 Email: Affinity@midnight.co.uk Merlin Financial PR (financial media enquiries) David Simonson Tel: 020 7606 1244 Email: firstname.lastname@example.org Affinity Internet Holdings (investor and general queries) Nikki Redfern Tel: 020 7670 1155 Email: email@example.com About Affinity Internet Holdings PLC Affinity is an Internet and telecoms company providing an increasingly integrated offering to corporates, consumer brands and special interest groups. It has four wholly owned subsidiaries and one jointly owned subsidiary: * Virtual Internet Provider Ltd, the branded Internet services provider * Hurricaneseye Ltd, the convergent billing company (co-owned with Powergen) * EGO Maniacs.net Ltd, the online entertainment company * Taxi Interactive Ltd, the innovative commerce company * Sonnet Internet Ltd, the bespoke ISP specialists for the SME and SoHo markets Clients include Tiny Computers, Compaq, PowerGen, Breathe.com, Royal Bank of Scotland, Chrysalis, Skandia and the AA. Affinity is providing a best of breed solution by utilising the services of its strategic partners: ICL - the e-Business services company, Cisco Systems, and ClientLogic. Other key relationships include Cable & Wireless, British Telecom, COLT, Vodafone UK, Synigence, Trans National and erecruitment.com. This press release was distributed by ResponseSource Press Release Wire on behalf of Midnight Communications in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.