In the past few years, Europe and the U.K. have been plagued with food contamination scares, from mad cow disease in Britain to contaminated chicken in Belgium.
In response to these food-related crises, European and U.K. consumers are turning more and more to seafood as a protein alternative. The rapidly expanding demand for high quality seafood has led Gofish.com, the first and largest online seafood exchange, to announce today its intention of opening an office in one of four locations in either Europe or the U.K. Locations being considered are Paris, Brussels, Amsterdam and London, with a decision expected to be made by late spring.
“We are looking for a location that will allow us to be in close proximity to the largest number of European buyers and sellers and provide us with access to a large talent pool,” says Gofish chief business development officer David Weatherbie, who is managing all details of this effort.
The new office is expected to employ as many as 60 sales, marketing and operational staff with nearly all professionals coming from EU countries.
Gofish is working with CMGI’s (Nasdaq:CMGI – news) London office to identify appropriate locations in the UK and Europe. Gofish has received more than $40 million in venture capital in two rounds of funding from CMGI @Ventures, Bedrock Capital Partners, GE Equity, The CIT Group, Diversified Business Communications, publishers of SeaFood Business, the industry’s most widely read trade publication, and private investors.
Gofish unveils its services to the European seafood community May 9-11 at the European Seafood Exposition (ESE) in Brussels, Belgium. While Weatherbie and Gofish founder and CEO Neal Workman will be at the ESE, spokespeople will be available for interviews in the United States. To schedule an interview, please contact Melissa Moore at 503/721-4247.
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Gofish.com, headquartered in Portland, Maine, is the premier content and commerce destination for the seafood industry. Gofish provides a secure forum for transactions and features up-to-the-minute news from industry-leading SeaFood Business. The site also uses Seafax to provide the industry’s best proprietary credit information on trading partners, allowing buyers and sellers to make more informed business decisions. Gofish offers a collection guarantee and auctions. Gofish will add receivables funding in May 2000 in the US and by this summer in the EU. In addition, Gofish expects to incorporate logistics support services to the site by summer 2000. For more information on Gofish, please visit www.gofish.com or call 1.800.777.3533. Gofish is a privately held corporation with offices in Portland, Maine, and Bellevue, Wash.
About CMGI and CMGI @Ventures
With more than 65 companies, CMGI, Inc. (Nasdaq:CMGI) represents the largest, most diverse network of Internet companies in the world, including both CMGI operating companies and synergistic investments made through its venture capital affiliate, CMGI @Ventures. CMGI leverages the technologies, content and market reach of its extended family of companies to foster rapid growth and industry leadership across its network and the larger Internet Economy. Compaq, Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI.
CMGI’s majority-owned operating companies include Engage Technologies (Nasdaq:ENGA), NaviSite (Nasdaq:NAVI), 1ClickBrands, 1stUp.com, Activate.net, AdForce, Adsmart, AltaVista, CMGI Solutions, Equilibrium, Flycast, iCAST, MyWay.com, NaviNet, SalesLink, Tribal Voice and yesmail.com. CMGI @Ventures has ownership interests in 51 companies, including Lycos, Inc. (Nasdaq:LCOS), Critical Path (Nasdaq:CPTH), Silknet (Nasdaq:SILK), Chemdex (Nasdaq:CMDX), MotherNature.com (Nasdaq:MTHR) and Vicinity (Nasdaq:VCNT).
CMGI’s corporate headquarters is at 100 Brickstone Square, Andover, MA 01810. CMGI @Ventures has offices there as well as at 3000 Alpine Road, Menlo Park, CA 94028. For additional information, see http://www.cmgi.com and http://www.ventures.com.