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FOR IMMEDIATE RELEASE
CONTACT:
Steve Rubel
Schwartz PR Interactive
(212) 677-8700, Ext. 23
stever@schwartzpr.com
Mary Ann Boland
internet.com Corporation
(212) 547-7939
mboland@internet.com
http://www.internet.com
internet.com Acquires Clickz.com, a
Leading Online Advertising and Marketing Resource
NEW YORK, NY - September 11, 2000 (INB)
-- internet.com Corporation (Nasdaq: INTM) http://www.internet.com,
the Internet Industry Portal, today announced that it has acquired
the ClickZ Network of http://www.clickz.com
Web sites and related Internet advertising and marketing properties
and the ClickZ conferences. The consideration for this acquisition
totals $16.0 million in a combination of $10.0 million in cash
and $6.0 million in restricted common stock, with additional
cash and restricted common stock consideration to be paid based
on future performance.
The ClickZ Network offers cutting-edge
commentary from industry insiders as well as original case studies
and unique insight on affiliate marketing, b2b marketing, brand
marketing, digital living, ebusiness reports, ecommerce commentary,
email marketing and email marketing case studies, emarketing
statistics and strategies, media buying, planning and selling,
search engine optimization and small business advice. ClickZ.com
reaches media buyers and planners, Web and email advertising
firms, list vendors and agencies, ad and commerce based publishers,
and Web developers each business day. ClickZ.com's advertisers
and sponsors include DoubleClick, Engage, Hewlett Packard, MessageMedia,
Winstar Interactive, FloNetwork, Commission Junction, Qualcomm,
TargitMail.com and Burst! Media, to name a few.
"This is the most significant acquisition
internet.com has made to date. ClickZ.com, with a staff of over
25 employees and freelancers, has built a solid reputation throughout
the industry and the world as a leading resource for news and
analysis about the online marketing and advertising industries.
The ClickZ Network is an ideal fit with internet.com's other
Internet marketing resources, including ChannelSeven.com, AdResource.com
and the Internet Advertising Report. We now cover every angle
within the emarketing category," said Alan M. Meckler, Chairman
and CEO of internet.com. "Furthermore, ClickZ.com adds a
critical audience to the internet.com network, and we are now
positioned to extend the marketing objectives of our advertisers
and ecommerce partners even further. We envision tremendous synergies
with internet.com and ClickZ.com, and we are very excited that
this entire team is joining us. We expect that this acquisition
will immediately be accretive to internet.com on a cash earnings
basis and, on a bottom line basis, due to the amortization of
acquired intangibles over a three year life, we anticipate a
dilution to earnings."
"The acquisition, combined with internet.com's
existing emarketing resources, solidifies its position as a leading
provider of content and information serving the online advertising
and marketing industries," said Andy Bourland, CEO and Publisher
of the ClickZ Network. "We are excited to now be part of
the internet.com network, and we look forward to working with
the internet.com team. We have always respected the world-class
quality of internet.com's editorial content and think that this
is a perfect home for ClickZ.com," added Ann Handley, President
and Chief Content Officer of the ClickZ Network.
The ClickZ.com Internet media properties
will be integrated into internet.com's Ecommerce/Marketing Channel
which is also home to other prominent Web sites including: AdResource
http://www.adresource.com,
allNetResearch http://www.allnetresearch.com,
Cyberatlas http://www.cyberatlas.com,
ChannelSeven.com http://www.channelseven.com,
DomainBook.com http://www.domainbook.com,
DomainNotes.com http://www.domainnotes.com,
Ecommerce-Guide.com http://www.ecommerce-guide.com,
InternetDay http://www.internetday.com,
Internet Advertising Report http://www.internetnews.com/IAR,
Refer-It http://www.refer-it.com,
Search Engine Watch http://www.searchenginewatch.com
and TurboAds http://www.turboads.com.
About ClickZ.com
In addition to its network of Web sites and related Internet
media properties, ClickZ.com produces conferences throughout
the year focusing on online marketing and advertising. "B2B
Email Strategies" will be held September 13-14th at the
Millennium Broadway Hotel in New York City, followed by "B2C
Email Strategies" on November 14-15th in Long Beach, California.
For information about registration and sponsorships, go to http://www.clickzconference.com.
About internet.com
internet.com Corporation http://www.internet.com,
the Internet Industry Portal, is headquartered in Darien, Connecticut.
It 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 131 Web sites, 220 e-mail newsletters, 136 online
discussion forums and 78 moderated e-mail discussion lists with
over 2.2 million unique visitors that generate over 140 million
page views monthly. Total "views," which include Web
site page views, e-mail newsletter views and e-mail discussion
list views, are now over 200 million per month. internet.com's
global presence includes editions for Arabia, Asia, Australia,
Belgium, Canada, China, Espanol, France, Germany, India, Israel,
Japan, The Netherlands, New Zealand, South Africa, Taiwan and
the United Kingdom. internet.com, with its related internet.com
Venture Funds I, II and III, is an investor in a growing number
of business-to-business content sites and related Internet media
properties.
Interested advertisers should contact adsales@internet.com, at
adsales@internet.com
or (203) 662-2962. For commerce and licensing opportunities,
contact David Arganbright, Vice President, Commerce and Licensing,
at darganbright@internet.com
or (203) 662-2858.
"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 internet.com'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 internet.com
assumes no obligation to update the forward-looking statements
after the date hereof.
All current internet.com Corp. press releases
can be found on the World Wide Web at http://www.internet.com/corporate/press.html. |