DeltaNet launches zl. 500,000 portal with eye on WSE
Katowice-based internet company DeltaNet has launched a generic internet
portal, Hoga.pl, and has plans to debut on the Warsaw Stock Exchange (WSE)
next year. Hoga, which comprises 45,000 links, is being created by a team of
30 people. So far, Delta has only invested zl. 500,000 in the portal, but it
is about to obtain zl. 4 million from the sale of 30% of its shares to an
unnamed investor from the information technology (IT) sector. Next year,
Delta is planning an initial public offering and will list its shares on the
WSE. "We intend to gain a competitive edge in specialized, sometimes niche,
services," said DeltaNet's president Grzegorz Krajewski. He also says the
portal is scheduled to start making a profit in financial year 2001/2002.
Its main source of revenue would not be from advertising, but from
e-commerce, as an Internet store is also to be launched within a few months.
(Gazeta Wyborcza, page 21) T.J.
