New bivio Club Index Offers Definitive Evidence on Investment Clubs' Ability to Pick Stocks

BOULDER, CO (January 29, 2001) bivio Inc., an online investment club service (www.bivio.com), has launched an innovative index to determine how successful clubs are at picking stocks.

While there are half a million investment club members in the U.S., little definitive proof exists that investment clubs actually make a good return.

"There have long been both claims of glory and debate over investment clubs," said bivio CEO Ion Yadigaroglu. "bivio's Club Index is the first, completely scientific tool to determine how well investment clubs pick stocks."

"The Club Index represents the collective wisdom of its 5,000 member clubs," said Yadigaroglu. "We're confident over the long term that the index will show just how well these clubs do."

To create the index, on 1/1/2001 bivio used an anonymous and secure computer program to compile the stock ownership of all the investment clubs using its site. That portfolio was assigned a base value of 10,000. At the end of each trading day, the index is updated with market closing prices. At the beginning of each month, the basket of stocks is adjusted to reflect bivio clubs' current stock holdings.

The Club Index closed at 11,133 on 1/26/2001, up 11% for the year. The index is available at www.bivio.com.

About bivio:
bivio, founded in 1999, is a web-delivered application that enables groups of individuals to create and manage their own investment clubs online. Money Magazine wrote "bivio is the Net's best resource for investment clubs." bivio's free site helps clubs manage their investments, and automatically does the otherwise cumbersome club accounting. It also puts people in touch with others who want to start clubs, and provides free answers to club-related questions.