INT MEDIA GROUP ANNOUNCES THE ACQUISITION OF SMALLBUSINESSCOMPUTING.COM AND ITS RELATED ASSETS(New York, NY - January 29, 2002) - INT Media Group, Incorporated (Nasdaq: INTM) today announced that it acquired the online and offline assets of Small Business Computing Magazine, including DestinationSmallBiz.com (www.destinationsmallbiz.com), from Freedom Technology Media Group, Inc. on December 31, 2001. INT Media Group has redesigned and relaunched the site as SmallBusinessComputing.com (www.smallbusinesscomputing.com). The print magazine will no longer be published.
"The acquisition of Small Business Computing continues the expansion of INT Media Groupís editorial coverage of the technology industry and will be a valuable resource for our user audience as well as for INT Media Group, stated Alan M. Meckler, Chairman and CEO of INT Media Group. "Technology information is changing daily and requires constant reporting. Therefore we are discontinuing the monthly print magazine and now are providing the small business community and SOHO market with daily online content and a companion e-mail newsletter."
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