JUPITERMEDIA CORPORATION ANNOUNCES FOLLOW-ON PUBLIC OFFERING OF COMMON STOCK(New York, NY - May 25, 2004) -- Jupitermedia Corporation (Nasdaq: JUPM) today announced that its follow-on public offering of 4,200,000 shares of common stock has been priced at $8.30 per share. Of the shares being sold, 3,200,000 shares are being sold by Jupitermedia and 1,000,000 shares are being sold by certain stockholders of Jupitermedia. Jupitermedia is not receiving any of the net proceeds from the sale of shares by the selling stockholders. The underwriters have been granted an option for a period of 30 days to purchase up to 630,000 additional shares of common stock from Jupitermedia to cover over-allotments, if any. The closing of the offering is expected to occur on May 28, 2004.
Piper Jaffray & Co. and SG Cowen & Co., LLC are co-managers. A copy of the final prospectus relating to the offering may be obtained from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, or SG Cowen & Co., 1221 Avenue of the Americas, New York, NY 10020.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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 competes; the unpredictability of Jupitermedia's future revenues, expenses, cash flows and stock price; Jupitermedia's ability to integrate acquired businesses, products and personnel into its existing businesses; Jupitermedia's dependence on a limited number of advertisers; and Jupitermedia's ability to protect its intellectual property. For a more detailed discussion of such risks and uncertainties, refer to Jupitermedia'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 assumes no obligation to update the forward-looking statements after the date hereof.
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All current Jupitermedia Corporation press releases can be found on the World Wide Web at http://www.jupitermedia.com/corporate/press.html.