INTERNET.COM ANNOUNCES SEPTEMBER INTERNET STOCK CHALLENGE WINNER; WINNER RACKS UP 52.47% ONE MONTH RETURN(WESTPORT, CT. - October 7, 1999) - internet.com (Nasdaq: INTM), The E-Business and Internet Technology Network, today announced the winner of September's internet.com Stock Challenge. Tom Lettenberger of Glen Ellyn, Illinois, earned first place with a monthly return of 52.47 %. Nearly 1,800 players participated in the virtual Internet stock competition.
"We are excited to see so many participants take advantage of this challenge along with the wide range of skills and strategies used," said internet.com chairman and CEO Alan M. Meckler. "The results indicate that the internet.com Stock Challenge attracts a diversified community of Internet stock investors, including novice and experts."
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 October internet.com Stock Challenge is currently in progress, participants can register for the November competition. Registration will end 11:59 pm eastern time, October 31, 1999. Trading begins on Monday, November 1, 1999. Players can trade at any time during the competition period, from November 1 through market close on November 30.
The internet.com Stock Challenge is part of internet.com's Internet Stocks Channel (http://www.internetstockschannel.com), a leading online source for information about Internet stocks and finance. The channel is one of nine that comprise the internet.com Network of 70 Web sites and related Internet media properties that generates over 60 million Web site page views monthly. According to Media Metrix, internet.com grew its unique users to over 1.8 million during June 1999.
"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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