INTERNET.COM INDEX FUND RAISES OVER $2.5 MILLION SINCE JULY 30 LAUNCH; FIRST PURE INTERNET STOCK INDEX FUND AVAILABLE TO INVESTORS(WESTPORT, CT - August 12, 1999) - The first index mutual fund based on internet.com's, Internet Stock Index, ISDEX ®, was initially offered to the public by Investec Guinness Flight Global Asset Management on July 30, 1999. The fund is available through Investec Guinness Flight and through a variety of national discount brokerage firms including Charles Schwab & Company (GFICZ), Waterhouse Securities (GCIFZ), E-Trade (Cusip: 402032809) and Fidelity (QANHQ).
"We are pleased that two financial instruments are now available for trading to the public that are based on internet.com's ISDEX," stated Alan M. Meckler, Chairman and CEO of internet.com (Nasdaq: INTM). "In addition to the Guinness Flight internet.com Index Fund, the Kansas City Board of Trade successfully launched futures and futures options contracts on June 1, 1999 based on our ISDEX. We will bring many more financial instruments to the market based on internet.com's leadership in analyzing and following Internet stocks," added Meckler.
James J. Atkinson, Jr., U.S. Director of Investec Guinness Flight stated, "The fund was well received by many interested investors, raising over $2.5 million since the launch."
The Guinness Flight internet.com Index Fund tracks 50 Internet companies that comprise internet.com's widely followed Internet Stock Index (ISDEX). ISDEX (http//www.isdex.com) was created in 1996 by internet.com Corporation and is the leading and the oldest Internet stock index in the marketplace. ISDEX is quoted on a regular basis in leading financial media including The Wall Street Journal, Reuters, Dow Jones Newswire, Bloomberg, Bridge, CNBC, SmartMoney and others. For additional information about the Guinness Flight internet.com Index Fund, contact James Atkinson at 626-795-0039. Interested investors can call 800-915-6565 or visit http://www.gffunds.com/isdex for further details.
For additional information about Kansas Board of Trade ISDEX futures and futures options contact Candice Bowman at 816-753-7500. ISDEX futures quotes can be found under the ticker symbol (IS).
internet.com Corporation (Nasdaq: INTM), 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 65 Web sites, 45 E-mail newsletters, 55 online discussion forums and 52 moderated E-mail discussion lists with over 1.8 million unique visitors that generate approximately 50 million page views monthly. internet.com also publishes the Internet Stock Report (www.internetstockreport.com), an industry-leading financial news resource that features the Morning Report, Midday Report, StockTracker Daily, VCWatch and the Market Close Report. internet.com's global presence includes editions in Canada, the United Kingdom, Arabia, Australia, Asia, France and Israel.
"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.
For more information contact:
All current internet.com Corp. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.