INTERNET.COM ACQUIRES FLASHPLANET.COM AND FLASHKIT.COM, LEADING SITES FOR FLASH DEVELOPERS(New York, NY--January 26, 2000)-- internet.com (Nasdaq: INTM), the E-Business and Internet Technology Network, today announced that it has acquired both FlashPlanet.com and Australian-based Flashkit.com. The Web sites are leading providers of content and resources in the area of Flash technology, and expand internet.com's multimedia content offerings serving its growing community of Web developers. The site will be closely integrated with internet.com's Streaming Media World (http://www.streamingmediaworld.com). Members of both Web site teams will continue to manage the sites and provide support in other efforts. Terms of the acquisitions were not disclosed.
Macromedia Flash (Nasdaq: MACR) is the leading vector technology for designing state-of-the-art Web site animated effects. In October 1999, IDC Research estimated that the total number of worldwide users of Flash reached 210 million.
"Both of these acquisitions provide the information and tools necessary to maximize the use of Flash on the Web," said internet.com chairman and CEO Alan M. Meckler. "As a leading provider of Web development and Internet technology content and resources, we will continue to extend our coverage of Flash and multimedia, one of the Internet's fastest developing areas."
"We are very excited to be joining the internet.com network of sites. This was is the appropriate step needed to take FlashPlanet.com to the next level," said Arthur Stevens, cofounder of FlashPlanet.com.
"We are extremely pleased to be joining the internet.com network and look forward to building the number one Flash developers resource site in the world," said Flashkit.com founder Stephen Williams.
internet.com Corporation (http://www.internet.com) based in New York, New York, 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 91 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.
Interested advertisers should contact Susan Leiterstein, Vice President and Publisher of internet.com, at [email protected] or (203) 662-2962. For e-commerce and licensing opportunities, contact David Arganbright, Vice President, Commerce and Licensing, at [email protected] or (203) 662-2858.
"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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