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FOR IMMEDIATE
RELEASE
INT Media Group Releases IT/IS Industry Forecast 2002: U.S. and Europe
NEW YORK, NY - December 19, 2001 (INB) -- INT Media Group, Incorporated
(Nasdaq: INTM) today announced the release of its latest report from its
CyberAtlas Research Division. "IT/IS Industry Forecast 2002: U.S. and
Europe" is an in-depth report that analyzes responses from identical
surveys presented to two different panels of high-tech experts to
determine what near-term priorities remain for U.S. and European CIOs
in light of diminishing sales and constricting IT/IS budgets in 2001.
The report reveals which IT/IS priorities remain on schedule for 2002
and what projects have been put off by the first recession in a decade.
The report is available at CyberAtlas Research
(http://allnetresearch.internet.com/item/0,3008,2330067_1,00.html)
for U.S. $395.
According to Patricia Fusco, Managing Editor of CyberAtlas Research and
author of this report, after accounting for mid-year budget adjustments
in 2001, IT/IS spending in the U.S. and Europe has hit rock bottom.
"Given current economic conditions, we anticipate that IT/IS capital
spending in the U.S. and Europe will increase by about 2.4% next year,"
Fusco said. "European IT/IS budgets will be ratcheted up 1.5% during the
first six months of 2002, but the U.S. market will remain soft, increasing
less than one percent through the second quarter of 2002. The economic
outlook changes in the third quarter of 2002. IT/IS vendors that supply
goods and services to the public sector will be the first to benefit
from sales surges created by the federal governments implementation of
Keynesian fiscal policies," Fusco added. "Security and wireless endeavors
will top the list of IT/IS spending initiatives early in 2002."
The "IT/IS Industry Forecast 2002: U.S. and Europe" analysis includes the
near-term outlook for the IT industry in 2002 as well as which types of
IT/IS goods and services will be hot and which will not in both the public
and private sectors. This study serves as a baseline, or a working index,
that allows readers to monitor the IT/IS industry's recovery from its
current economic doldrums on a semi-annual basis within the Fortune 1000
and small to medium-sized enterprise markets.
About INT Media Group
INT Media Group (Nasdaq: INTM), headquartered in Darien, CT, is a leading
provider of global real-time news, information and media resources for
Internet industry and information technology professionals, Web developers
and experienced Internet users. INT Media Group includes the internet.com
and EarthWeb Network of 160 Web sites and nearly 225 e-mail newsletters
that generate 225 million page views monthly. INT Media Group events include
nearly 40 offline internet.com and Intermedia Group seminars on Internet and
IT-specific topics that are aligned with our Network of Web sites and e-mail
newsletters. In addition, INT Media Group's CyberAtlas Research Division
that
publishes research reports analyzing the Internet and information
technologies
sectors worldwide.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of
1995: Statements in this press release which are not historical facts are
"forward-looking statements" that are made pursuant to the safe harbor
provisions
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking
statements involve risks and uncertainties that could cause actual results
to
differ materially from those described in the forward-looking statements.
The
potential risks and uncertainties address a variety of subjects including,
for
example, the competitive environment in which INT Media Group competes; the
unpredictability of INT Media Group's future revenues (including those
resulting
from online advertising on INT Media Group's Network of Web sites and
related
Internet media properties), expenses, cash flows and stock price; INT Media
Group's investments in international and venture fund investments; any
material
change in INT Media Group's intellectual property rights and continued
growth
and acceptance of the Internet and information technology. For a more
detailed
discussion of such risks and uncertainties, refer to INT Media Group's
reports
filed with the Securities and Exchange Commission pursuant to the Securities
Act
of 1933 and the Securities Exchange Act of 1934. The forward-looking
statements
included herein are made as of the date of this press release, and INT Media
Group assumes no obligation to update the forward-looking statements after
the
date hereof.
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