MECKLERMEDIA'S ISDEX (INTERNET STOCK INDEX) UTILIZED BY INVESTMENT BANK BANCAMERICA ROBERTSON STEPHENS
(WESTPORT, CT-March 25, 1998)--Mecklermedia Corporation (Nasdaq:MECK) announces that leading investment bank BancAmerica Robertson Stephens now includes Mecklermedia's ISDEX, Internet Stock Index, (http://www.isdex.com), as one of its key indices that tracks Internet stock performance. "We believe the ISDEX provides the most relevant Internet Stock Index," said Keith Benjamin, a BancAmerica Robertson Stephens analyst.
"ISDEX clearly holds value as a focused representative index of Internet stocks," Steve Harmon, Mecklermedia's vice president of business development and ISDEX creator said. "In the two years since its inception, ISDEX has become the index of record for the Internet industry on Wall Street, the one that most closely mirrors the risks and rewards in this fast-paced industry. Just yesterday (March 24), ISDEX reached an all-time high, proof of investor interest in Internet stocks."
In addition, ISDEX is utilized by investment bank Hambrecht & Quist, and is referred to in many leading financial news sources including the Wall Street Journal, Reuters, Bloomberg, and featured on Yahoo Finance, and Upside.com.
"With its widespread following, we also receive requests daily for ISDEX to be made into a mutual fund," Harmon added. "But we'd only consider licensing it to one of the well-known fund firms."
Mecklermedia Corporation, based in Westport, Connecticut, is a leading provider of Internet information through its Internet World trade shows, its Internet World weekly print publication and Internet.com (http://www.internet.com), which provides real-time news and information resources for the Internet community.
All current MECKLERMEDIA press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.
Copyright 1998 Mecklermedia Corporation.