INTERNET.COM STOCK CHALLENGE WINNER RACKS UP 175.63% RETURN IN DECEMBER, RUNNER-UP REPEATS OUTSTANDING PERFORMANCE(Darien, CT--January 6, 2000)-- internet.com (Nasdaq: INTM), the E-Business and Internet Technology Network, today announced the winners of the December 1999 internet.com Stock Challenge. Alexander Rosputko of Virginia earned first place with a total return of 175.64%, and runner up Wei Ooi of New York achieved a total return of 111.08%. Nearly 3,000 players participated in the virtual Internet stock competition. Ooi earned first place last month racking up a return of 90.87%.
The monthly internet.com Stock Challenge allows investors to create and monitor simulated portfolios of leading Internet stocks such as Yahoo! (Nasdaq:YHOO), DoubleClick (Nasdaq: DCLK), Amazon (Nasdaq:AMZN) and America Online (NYSE: AOL). Participants create a virtual portfolio based on any stock listed in internet.com's InternetStockList (http://www.internetstocklist.com) which participants can buy, sell or short. The participant with the highest total percentage increase in portfolio value for the month wins the $1,500 grand prize. The runner-up receives $500. Free registration and contest information can be found at http://stockchallenge.internet.com.
While the January 2000 internet.com Stock Challenge is currently in progress, participants can register for the February competition. Registration will end 11:59 pm eastern time, January 31, 2000. Trading begins on Tuesday, February 1, 2000. Players can trade at any time during the competition period, from February 1 through market close on February 29.
The internet.com Stock Challenge is part of internet.com's Internet Stocks Channel/VC (http://www.internetstockschannel.com), a leading online source for information about Internet stocks, finance and venture capital.
internet.com Corporation (Nasdaq: INTM) based in Darien, CT, is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 89 Web sites, 71 e-mail newsletters, 101 online discussion forums and 75 moderated e-mail discussion lists with over 2 million unique visitors that generate more than 90 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now over 150 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Canada, China, France, Germany, Israel, Japan, South Africa and the United Kingdom. In addition, internet.com with its related internet.com Venture Fund I and Venture Fund II is an investor in a growing number of business-to-business content sites and related Internet media properties.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding internet.com Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus dated June 25, 1999, Annual Report or Form 10-K for the most recently ended fiscal year, when available.
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