INTERNET.COM, THE E-BUSINESS AND INTERNET TECHNOLOGY NETWORK, FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF COMMON STOCK(WESTPORT, CT-April 15, 1999)-internet.com today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of common stock. Net proceeds will be used primarily for the retirement of debt, potential strategic acquisitions and general corporate purposes. U.S. Bancorp Piper Jaffray Inc. and William Blair & Company, L.L.C. will manage the underwriting group.
internet.com, the E-business and Internet Technology Network, includes 53 Web sites, 32 e-mail newsletters, 54 online discussion forums, and 52 moderated e-mail discussion lists for Internet industry and Internet technology professionals, Web developers and sophisticated Internet users. internet.com sites include InternetNews.com, which provides daily Internet-specific news; The Electronic Commerce Guide; ServerWatch; The Web Developer's Virtual Library, SearchEngineWatch and Jumbo. internet.com also publishes the ISDEX, a 100% Internet stock index featuring 50 leading companies. internet.com's global presence includes editions in Canada, the United Kingdom, Australia, Asia and Israel. More than 1.6 million unique users generate over 40 million page views monthly.
When available, a copy of the preliminary prospectus relating to the offering may be obtained from U.S. Bancorp Piper Jaffray Inc., 222 South Ninth Street, Minneapolis, MN 55402 or from William Blair & Company, L.L.C., 222 West Adams Street, Chicago, Illinois 60606.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes 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.
For more information, contact Mitchell S. Eisenberg at internet.com, 20 Ketchum Street, Westport, CT 06880; (203) 226-6967; Fax: (203) 222-1679; [email protected]
All current internet.com LLC press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html