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INT MEDIA GROUP ANNOUNCES THAT CHAIRMAN AND CEO ALAN MECKLER HAS PURCHASED COMPANY SHARES IN OPEN MARKET TRANSACTIONS IN MAY
(New York, NY- May 31, 2001)-- INT Media Group, Incorporated (Nasdaq: INTM) today announced that Alan M. Meckler, Chairman and CEO, purchased 50,800 shares of INT Media Group during the period May 10 through May 30, 2001. Prices for these shares ranged from $2.75 to $3.56. Meckler has announced that he will continue to make purchases in the open market for his own account and the accounts of various trusts and foundations that he controls. The company further added that the purchases are in keeping with Meckler's previous purchases since the company's IPO in June of 1999. Meckler has purchased a total of 154,300 shares in the open market since June 1999.
About INT Media Group
INT Media Group (Nasdaq: INTM), headquartered in Darien, CT, is a leading provider of global real-time news, information and media resources for Internet industry and information technology professionals, Web developers and experienced Internet users. INT Media Group includes the internet.com and EarthWeb Network of 160 Web sites and nearly 300 e-mail newsletters that generate over 275 million page views monthly. INT Media Group's events include over 40 offline internet.com and Intermedia Group seminars on Internet and IT-specific topics that are aligned with our Network of Web sites and e-mail newsletters. In addition, INT Media Group recently launched its CyberAtlas Research Division that publishes research reports analyzing the Internet and information technologies sectors worldwide.
Interested advertisers should contact the Ad Sales department at [email protected] or (203) 662-2962.
For Venture Capital information, contact Kirk Holland, Vice President, Business Development, [email protected] or (650) 745-3636.
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 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:
Mary Ann Boland
Marketing and Public Relations Associate
212-547-7939
[email protected]
All current INT Media Group, Inc. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.