INTERNET.COM TO ACQUIRE LINUXNEWBIE.ORG, ENHANCING ITS POSITION AS THE LEADING DESTINATION FOR LINUX CONTENT
(New York, NY-February 1, 2000)--internet.com (Nasdaq: INTM), the E-Business and Internet Technology Network, today announced that it has signed a definitive agreement to acquire Linuxnewbie.org. The transaction is expected to be completed in the second quarter of 2000. Additional terms were not disclosed.
LinuxNewbie.org is a leading online resource providing news, analysis, tutorials and discussion forums for beginning Linux users. internet.com will incorporate the site into its recently developed Linux/Open Source Channel and will closely integrate it with JustLinux.com, LinuxStart.com, LinuxCentral.com, LinuxPlanet.com and LinuxToday.com.
"Linuxnewbie.org complements our wealth of Linux content areas and brands, and bolsters our position in this market. By providing resources for both the new and seasoned Linux professional, internet.com has now built the leading destination on the Web for Linux content, commerce and community services," said internet.com chairman and CEO Alan M. Meckler. "This will be another significant marketplace for our advertisers and e-commerce partners."
"Linuxnewbie.org is a leading site dedicated to helping new users with Linux. With this addition to internet.com's Linux Channel, we can now provide more unique and personal content for all levels of Linux users and continue to develop in new directions," said Jason Brietstein, founder of Linuxnewbie.org. Brietstein will continue to manage the site with internet.com.
internet.com is featuring its network of Linux Web sites at the Linux World Expo Conference in New York February 2-4 (Booth # 1164 and #1155) at the Jacob K. Javits Center.
internet.com Corporation (http://www.internet.com), based in New York, NY, 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 93 Web sites, 73 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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