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FOR IMMEDIATE
RELEASE
INT Media Group Announces Plans to Acquire Jupiter Research and
Events Business from Jupiter Media Metrix
NEW YORK, NY - June 21, 2002 (INB) -- INT Media Group, Inc.
(Nasdaq: INTM) announced that it has signed a definitive
agreement to acquire the assets of the Jupiter Research and
Events businesses from Jupiter Media Metrix, Inc. (Nasdaq: JMXI)
of New York City for $250,000 and the assumption of certain
liabilities. The transaction is expected to close by July 31,
2002 and is subject to customary closing conditions, including
the approval of Jupiter Media Metrix, Inc.’s stockholders.
Effective immediately, INT Media Group, Inc. will assume
responsibility for operating the Jupiter Research and Events
businesses.
Jupiter Research, founded in 1986, is a leading international
research organization specializing in Internet related market
research in 17 business areas and 9 vertical markets. Jupiter
analysts are widely quoted in the trade and financial press
and Jupiter seminars and events are well known for attracting
industry leaders and professional attendees.
"We are ecstatic to be able to acquire one of the great world
brands in market research," stated Alan M. Meckler, Chairman
and CEO of INT Media Group. "We look forward to working with
the Jupiter team to make INT Media Group the dominant content,
event and research company in the Internet and IT arenas.
Jupiter Research and Events will now have, for the first time,
a marketing advantage that none of their competitors can claim:
the advantage of online marketing to INT Media Group’s network
of 22 million worldwide unique business users that are associated
with Internet and IT business issues. Jupiter offerings will be
totally integrated within our network as well as our 175 e-mail
newsletters with nearly 5 million subscribers and our 45 annual
seminars and trade shows. We are also pleased to announce that
Kurt Abrahamson, President of Jupiter Research, will continue
in the same capacity with INT Media Group. We plan to retain
the Jupiter brand name and will operate Jupiter as a division
of INT Media Group. If completed, we expect that this
acquisition will be neutral to earnings in 2002 and accretive in
2003."
About INT Media Group
INT Media Group (Nasdaq: INTM), (http://www.internet.com)
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.com Network of over 150 Web sites and
175 e-mail newsletters that generate over 225 million page views
monthly. INT Media Events include nearly 45 offline conferences
and trade shows on Internet and IT-specific topics that are
aligned with our Network of Web sites and e-mail newsletters.
In addition, INT Media Research 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 ability
to integrate acquired businesses, products and personnel into
its existing businesses; 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.
All current INT Media Group, Inc. press releases can be found
on the World Wide Web at
http://www.internet.com/corporate/press.html.
INT Media Group, Inc., 23 Old Kings Highway South, Darien, CT 06820;
(203)662-2800; fax: (203) 655-4686; info@internet.com
Journalists! Want to follow up on this news tip? Write to
info@newsbureau.com for media contact information.
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