internet.com Acquires Web Developer's Journal Web Site; Acquisition Solidifies internet.com's Market Leading Position in Web Developer Resources(WESTPORT, CT - July 22, 1999) - internet.com (Nasdaq: INTM), The E-business and Internet Technology Network, today announced that it acquired the UK-based Web Developer's Journal (http://www.webdevelopersjournal.com) Web site. The site is a leading provider of news and reviews about Web development tools, techniques and trends, and will be incorporated into internet.com's Network of Web site properties. Terms were not disclosed.
"The Web Developer's Journal is one of the last independent sites dedicated to Web development professionals and complements our leading collection of Web developer resources," said Alan M. Meckler, chairman and CEO of internet.com Corporation. "Web developers are an essential audience for marketers to reach and we're thrilled to add this site to our robust collection of Web developer resources," Meckler added.
The Web Developer's Journal was created by Charlie Morris, Kief Morris and Bruce Morris. The trio will continue to manage the site for internet.com.
internet.com Corporation, based in Westport, Connecticut, is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 62 Web sites, 44 E-mail newsletters, 55 online discussion forums and 52 moderated E-mail discussion lists with over 1.8 million unique visitors that generate over 47 million page views monthly. internet.com's global presence includes editions in Canada, the United Kingdom, Arabia, Australia, Asia, France and Israel. 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.
"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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