INTERNET.COM EXPANDS INTERNATIONAL PRESENCE WITH LAUNCH OF INDIA.INTERNET.COM
(New York, NY-March 20, 2000)-- internet.com (Nasdaq: INTM), the Internet Industry's Portal, today unveiled india.internet.com (http://india.internet.com). The site is internet.com's 14th international property published in a specific country exclusively for a local region. The addition solidifies internet.com's position as a leading provider of international Internet industry news on the Web.
india.internet.com provides daily news coverage of the Internet industry in India as well as daily and weekly e-mail newsletters providing commentary on Indian e-commerce, the ISP industry, Internet IPO's and regional industry analysis. Similar to internet.com's other international editions, content and coverage will be provided by "on the ground" local journalists in the area and will be available in the English language.
"This launch demonstrates that internet.com aims to be a major force in covering the Internet industry in India," said internet.com chairman and CEO Alan M. Meckler. "We look forward to providing the information and analysis that is critical to this market and extending our brand throughout the world."
"India has all the indications of a burgeoning e-commerce market--with market liberalization, the proliferation of ISPs, and a large resource of technological innovators," said Hans Lombardo, business development director of internet.com Corporation in Asia.
Nasscom, India's National Association for Software and Services Companies, reports that India currently has 3.7 million PCs with about 520,000 Internet subscribers and 2 million Internet users. The association predicts that e-commerce transactions in India should reach US $2.3 billion by 2002.
internet.com Corporation (Nasdaq: INTM; 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 103 Web sites, 123 e-mail newsletters*, 101 online discussion forums and 75 moderated e-mail discussion lists with over 2.2 million unique visitors that generate more than 120 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 180 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.
*includes both html and text e-mail newsletters
"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 internet.com's reports filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securities Exchange Act of 1934. The forward looking statements included herein are made as of the date of this press release, and internet.com assumes no obligation to update the forward looking statements after the date hereof.
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