JUPITERMEDIA'S JUPITERIMAGES DIVISION ANNOUNCES ACQUISITION OF STOCK IMAGE(New York, NY - February 2, 2006) -- Jupitermedia Corporation (Nasdaq: JUPM) today announced that its Jupiterimages division has acquired all of the shares of Stock Image S.A.S (www.stockimage.fr) for approximately U.S. $11.1 million in cash. Located in Paris, France, Stock Image is a leading resource for rights-managed images through its Stock Image brand and royalty-free images through its Pixland (www.pixland.fr) brand.
"With the addition of these high-end French and European styled rights-managed and royalty-free images from Stock Image and Pixland, Jupiterimages has further expanded its diverse range of image offerings. Combined with our recent acquisitions of Agence Images, a leading distributor of rights-managed images in France, PR Direct, a leading distributor of royalty-free images in France, and Goodshoot, a leading resource of royalty-free images located in France, Jupiterimages is now one of the largest organizations in the important French image market," stated Alan M. Meckler, Chairman and CEO of Jupitermedia Corporation. "We are pleased that Michel Rawicki, founder of Stock Image, will continue to provide world-class imagery for Stock Image and Jupiterimages through an ongoing production agreement. We anticipate significant marketing and business synergies between Stock Image and our Jupiterimages division. We expect that this acquisition will be accretive to our earnings and cash flows," added Meckler.
About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM) (www.jupitermedia.com), headquartered in Darien, CT, is a leading global provider of original information, images and research for information technology, business and creative professionals. Jupitermedia includes Jupiterimages, one of the leading images companies in the world with over 7.0 million images online serving creative professionals with brands like BananaStock, Brand X, FoodPix, Botanica, Nonstock, Comstock Images, Creatas Images, PictureQuest, Liquid Library, Thinkstock Images, Thinkstock Footage, Bigshot Media, Goodshoot, ITStockFree, Stock Image, Pixland, Photos.com, Ablestock.com, PhotoObjects.net, Clipart.com and AnimationFactory.com; and JupiterWeb, the online media division of Jupitermedia which operates four distinct online networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and Graphics.com for creative professionals. JupiterWeb properties include more than 150 Web sites and over 150 e-mail newsletters that are viewed by over 20 million users and generate over 300 million page views monthly. Jupitermedia also includes: JupiterResearch, a leading international research advisory organization specializing in business and technology market research in over 30 business areas and vertical markets.
"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 ability to protect its intellectual property; and Jupitermedia's dependence on a limited number of advertisers. 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 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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