INTERNET.COM ACQUIRES PDASTREET.COM AND THINKMOBILE.COM TO ANCHOR LAUNCH OF WIRELESS INTERNET CHANNEL
(New York, NY-May 10, 2000)--internet.com (Nasdaq: INTM), the Internet Industry Portal, today announced it has acquired the PDAStreet.com (http://www.pdastreet.com) network of Web sites and Thinkmobile.com (http://www.thinkmobile.com), the Mobile Computing Portal. These Web sites provide comprehensive coverage of the Wireless Internet marketplace serving the mobile community of PDA (Personal Digital Assistant) and mobile phone users and will become the backbone internet.com's soon to be launched Wireless Internet Channel. Terms of the acquisitions were not disclosed.
"As part of our ongoing content growth and expansion in critical vertical markets within the Internet industry, we've had our eye on the Wireless Internet sector for some time and were waiting for the right fit", said Alan M. Meckler. "These properties are the ideal examples of what we look for and reflect our 'Buy Versus Build' growth strategy, because both are established, professionally run properties with robust traffic and content. When combined with our internally created AllNetDevices.com (http://www.allnetdevices.com), they make internet.com a force in Wireless Internet informations."
Interested advertisers should contact the Ad Sales department 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 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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