JUPITERMEDIA CLOSES ACQUISITION OF ARTTODAY.COM NETWORK FROM INTERNATIONAL MICROCOMPUTER SOFTWARE, INC.(New York, NY - July 1, 2003) - Jupitermedia Corporation (Nasdaq: JUPM) today announced that it has closed the acquisition of all of the shares of ArtToday, Inc. (www.arttoday.com) from International Microcomputer Software, Inc. (OTC "Bulletin Board": IMSI.OB) for $13.0 million in cash, 250,000 restricted shares of Jupitermedia common stock and an earn-out that could result in an additional $4.0 million in cash consideration over the next two years.
ArtToday.com offers paid online subscriptions for photographs, clipart, Web graphics, animations and fonts. In addition, ArtToday.com, has a network of design-oriented Web sites that provide graphic users with royalty free content at affordable prices. These sites include Photos.com (www.photos.com), ClipArt.com (www.ClipArt.com), Graphics.com (www.graphics.com), FlashComponents.com (www.flashcomponents.com) and RebelArtist.com (www.rebelartist.com), among others. ClipArt.com is the largest subscription-based graphics resource on the Web with more than 2.5 million clipart images, animations, photos, fonts and sounds. The entire ArtToday.com network of Web sites generates in excess of 30 million page views per month and has approximately 3.0 million unique visitors per month.
About Jupitermedia Corporation
"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 Jupitermedia Corporation competes; the unpredictability of Jupitermedia Corporation's future revenues, expenses, cash flows and stock price; Jupitermedia Corporation's ability to integrate acquired businesses, products and personnel into its existing businesses; Jupitermedia Corporation's international and venture fund investments; any material change in Jupitermedia Corporation's intellectual property rights and continued growth and acceptance of information technology and the Internet. For a more detailed discussion of such risks and uncertainties, refer to Jupitermedia Corporation'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 Jupitermedia Corporation assumes no obligation to update the forward-looking statements after the date hereof.
All current Jupiter Research press releases can be found online at www.internet.com/corporate/press.html.
All current Jupitermedia Corporation press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.