INTERNET.COM ACQUIRES INTERNET NEWS BUREAU, ADDING NEW REVENUE STREAM TO BUSINESS STRATEGY(Westport, CT--October 13, 1999)--internet.com (Nasdaq: INTM), The E-Business and Internet Technology Network, today completed the acquisition of Internet News Bureau (http://www.internetnewsbureau.com), a leading online press release distribution service. Terms of the acquisition were not disclosed.
Since 1995, the Internet News Bureau has offered high-level media coverage reaching over 3,000 journalists from major Internet and computer magazines, e-zines, e-mail newsletters, major daily newspapers, television and radio. Internet News Bureau's global coverage includes international distribution and language translation services.
"Our audience of Web developers and Internet professionals, which is among the most significant on the Web, is a natural market for the promotional services Internet News Bureau offers," said internet.com chairman and CEO Alan M. Meckler. "This acquisition is an example of the synergies that internet.com can create to derive revenues from its network of Internet-specific communities. We expect to accelerate Internet News Bureau's growth by cross promoting it throughout the internet.com Network, thus adding another significant revenue source to our multiple revenue stream strategy."
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 76 Web sites, 49 E-mail newsletters, 55 online discussion forums and 52 moderated E-mail discussion lists with over 1.8 million unique visitors that generate more than 65 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now well over 125 million per month. internet.com's global presence includes editions in Canada, China, the United Kingdom, Arabia, Australia, Asia, France, Japan and Israel. In addition, internet.com with its related internet.com Venture Fund I has become a significant investor in a growing number of business-to-business content sites and related Internet media properties.
Interested advertisers should contact the Ad Sales department 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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All current internet.com Corp. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.