Reinvent, Inc. Secures US$47.5 Million Financing Facility

VANCOUVER, B.C. – Reinvent, Inc., a global media and Internet technology company, today announced that the company has structured an agreement for a $47.5 million senior secured financing facility led by Bank of America, and including SVB Silicon Valley Bank and CIBC. These funds will be used to finance targeted acquisitions for the company’s growth.

The company has been profitable with no debt since its inception in 2000. It has decided to leverage its business for growth.“This financing marks a very exciting time for Reinvent. As the company continues with our growth plans to acquire a wide range of valuable Internet domains and related businesses, we look forward to building on our extensive inventory of virtual real estate,” said Chief Executive Officer Dr. Kevin Ham.

Reinvent, Inc. owns and manages one of the largest Internet domain name portfolios in the world. The company’s sites generate a substantial amount of highly-targeted traffic through Direct Navigation. In addition to managing its own portfolio, Reinvent also provides domain solutions and management services to third-party domain owners.

About Reinvent, Inc

Founded in 2000, Reinvent, Inc provides technology and general administrative services to help incubate many ideas in succession and turn those that leverage network effects, game mechanics and a solid business model most successfully to bring them to market.

Our mission is to "Reinvent, Refresh and Respect the world."

For more information, visit http://www.Reinvent.com.