INTERNET.COM NAME CHANGE TO INT MEDIA GROUP IS FINALIZED(New York, NY- May 29, 2001)-- internet.com Corporation (Nasdaq: INTM), the Internet & IT Network, today announced that it has changed its name from internet.com Corporation to INT Media Group, Incorporated to more accurately reflect its current business model. The name change was approved at the annual meeting of stockholders on Thursday, May 24. The company will continue to trade on Nasdaq under its current ticker symbol INTM.
"Our name change from internet.com Corporation to INT Media Group more accurately reflects our current business as a media company as well as our strategy to continue to expand our services, online and offline, to Internet and IT professionals," stated internet.com Chairman and CEO Alan M. Meckler. "Online, the internet.com Network, including the recently acquired EarthWeb sites, is a trade publishing company unmatched by any other with nearly 5.0 million unique Internet and IT professional users worldwide. Offline, we have over 40 Internet and IT-specific events scheduled for 2001 for our seminar operations, which include a number of internally generated properties as well as the recently acquired Intermedia Group events. We are also moving aggressively into market research with the recent launch of our CyberAtlas Research Division and the research services already offered by Intermedia Group.
About INT Media Group
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release which are not historical facts are "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example, the competitive environment in which internet.com competes; the unpredictability of INT Media Group's future revenues (including those resulting from online advertising on INT Media Group's Network of Web sites and related Internet media properties), expenses, cash flows and stock price; INT Media Group's investments in international and venture fund investments; any material change in INT Media Group's intellectual property rights and continued growth and acceptance of the Internet. For a more detailed discussion of such risks and uncertainties, refer to INT Media Group'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 INT Media Group assumes no obligation to update the forward-looking statements after the date hereof.
For more information contact:
All current INT Media Group, Inc. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.