INT MEDIA GROUP REPORTS INSIDER STOCK PURCHASES FOR SEPTEMBER(New York, NY - October 4, 2001) - INT Media Group, Incorporated (Nasdaq: INTM) today announced that Alan M. Meckler, Chairman and CEO, purchased a total of 60,300 shares of INT Media Group common stock during the month of September 2001. Prices for these shares ranged from $1.09 to $2.89. 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 214,600 shares in the open market since June 1999. The company also announced on October 1 that its Board of Directors has authorized the expenditure of up to $1,000,000 to repurchase the company's outstanding common stock.
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 225 e-mail newsletters that generate 250 million page views monthly. INT Media Group events include nearly 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.
"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 that 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 and information technology. 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.