internet.com Announces Stock Challenge Winners--First Contest Greeted Enthusiastically by Virtual Investors; Winner Racks Up 59.25% One-Month Return(Westport, CT - July 8, 1999) - internet.com (Nasdaq: INTM), the E-business and Internet Technology Network, today announced the winners of its first "internet.com Stock Challenge," a monthly Internet stock competition that allows participants to compete as managers of virtual Internet stock portfolios. Two winners are awarded a total of $2,000 in prizes each month (http://stockchallenge.internet.com).
Nearly 300 players participated in the June internet.com Stock Challenge. Philip Hahn of Shoreline, Washington earned first place with a 59.25% return on his virtual portfolio, and runner-up Jeff Haycraft of St. Paul, Minnesota achieved a total return of 41.99%.
"Internet stocks are the future of investing," said winner Philip Hahn. "If investors don't learn how to trade them, they will miss a great opportunity to make significant money."
The monthly internet.com Stock Challenge allows investors to create and monitor simulated portfolios of leading Internet stocks such as Yahoo (Nasdaq:YHOO), DoubleClick (Nasdaq: DCLK), Amazon (Nasdaq: AMZN), and America Online (NYSE: AOL). Participants create a virtual portfolio based on any stock listed in internet.com's InternetStockList (http://www.internetstocklist.com) which participants can buy, sell or short. The participant with the highest total percentage increase in portfolio value for the month wins the $1,500 grand prize. The runner-up receives $500. Free registration and contest information can be found at http://stockchallenge.internet.com.
While the July internet.com Stock Challenge is currently in progress, participants can register for the August internet.com Stock Challenge. Registration will end 11:59 pm eastern time, July 30, 1999. Trading begins on Monday, August 2, 1999. Players can trade at any time during the competition period, from August 1 through market close on August 31.
internet.com, the E-business and Internet Technology Network, includes 62 Web sites, 44 e-mail newsletters, 55 online discussion forums, and 52 moderated e-mail discussion lists for Internet industry and Internet technology professionals, Web developers and experienced Internet users.
internet.com sites include Internet Stock Report, which provides daily Internet stock news and analysis; The Electronic Commerce Guide, ServerWatch; WDVL, SearchEngineWatch and Jumbo. More than 1.8 million unique users generate over 47 million views monthly. Interested advertisers should contact Susan Leiterstein, Vice President and Publisher of internet.com, at [email protected] or (203) 341-2962.
For e-commerce and licensing opportunities, contact David Arganbright, Vice President, Commerce and Licensing, at [email protected] or (203) 341-2858.
internet.com Corporation, based in Westport, Connecticut, is a leading provider of global, daily news and information resources for the Internet community. internet.com Corporation 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, Arabia, Australia, Asia, France and Israel.
The internet.com Stock Challenge is powered by MarketPlayer.com (http://www.marketplayer.com), based in Greenwich, CT. MarketPlayer.com is a leading provider of Internet based stock competitions that allow investors to build and test their investment strategies. In addition to its own site, the company also operates co-branded stock competitions for CNBC, E*TRADE and Time Inc. New Media.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding internet.com Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus dated June 25, 1999, Annual Report or Form 10-K for the most recently ended fiscal year.
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All current internet.com Corp. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.