CMGI Cmgi (MM)

@Ventures, the venture capital business of CMGI, Inc. (Nasdaq: CMGI), announced today that it has made a $3.0 million investment in Advent Solar�s recently-announced Series D financing round of more than $70 million. @Ventures was one of Advent Solar�s first venture capital providers, investing in the company�s Series B investment round in late 2004 and again in Advent Solar�s Series C round in 2005. New investors in Advent Solar�s Series D funding round include ZBI Ventures, Sun Mountain Capital, and Globespan Capital Partners. The company�s other existing investors -- Battery Ventures, Enertech Capital Partners, the New Mexico Co-Investment Partners, and Firelake Capital -- also participated in the Series D round. �The new funds will enable us to expand faster in emerging geographical markets, accelerate our product development and extend the services organization to meet the demands of our growing number of customers,� said Rusty Schmit, President and CEO of Advent Solar. Advent Solar is currently shipping products based on its proprietary emitter wrap-through (EWT) technology to customers around the world and is establishing a solid position in the rapidly growing solar photovoltaic market. The company expects to drive down the cost of solar power by leveraging the advantages of its unique technology, including the ability to use ultra-thin silicon wafers to minimize the consumption of silicon. About Advent Solar Advent Solar, Inc. is a leading manufacturer of innovative solar cells and modules. Its unique, exclusive cell technology was originally developed at Sandia National Laboratories and is in a class of solar cells referred to as back-contact cells. This technology is the basis for Advent�s high performance products with the potential for dramatically lower cost than conventional solar photovoltaic technology. Advent Solar is headquartered in Albuquerque, New Mexico. For more information, please visit www.adventsolar.com. About @Ventures @Ventures provides venture capital to early stage and mid-stage technology companies. Formed in 1995, @Ventures has funded more than 70 software, Internet, and clean energy companies. The primary focus of @Ventures� fifth fund, formed in 2004, is on investments in the cleantech sector, including alternative energy, energy storage and efficiency, and water purification technologies. For more information, visit www.ventures.com. About CMGI CMGI, Inc. (Nasdaq: CMGI), through its subsidiary ModusLink, provides industry-leading global supply chain management services and solutions that help businesses market, sell and distribute their products around the world. In addition, CMGI�s venture capital business, @Ventures, invests in a variety of technology ventures. For additional information, visit www.cmgi.com. This release contains forward-looking statements, which address a variety of subjects including, for example, the expected achievements by Advent Solar, Inc. All statements other than statements of historical fact set forth herein, including without limitation, those with respect to Advent Solar�s goals, plans and strategies, the future of the solar photovoltaic market and Advent Solar�s position in that market, the uniqueness of Advent Solar�s technology and its ability to impact the cost of solar energy, are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: Advent Solar�s success, and in turn, @Ventures� and CMGI�s success with respect to this investment depends on Advent Solar�s ability to execute on its business strategy and the continued and increased demand for and market acceptance of its products and services; CMGI�s ability to earn returns on our investment, or even recover our capital, is dependent upon factors outside of our control, including the success of our portfolio companies� businesses, and the market for initial public offering and mergers and acquisitions. For a detailed discussion of cautionary statements that may affect CMGI's future results of operations and financial results, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us.