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INT MEDIA GROUP ANNOUNCES THE ACQUISITION OF SMALLBUSINESSCOMPUTING.COM AND ITS RELATED ASSETS(New York, NY - January 29, 2002) - INT Media Group, Incorporated (Nasdaq: INTM) today announced that it acquired the online and offline assets of Small Business Computing Magazine, including DestinationSmallBiz.com (www.destinationsmallbiz.com), from Freedom Technology Media Group, Inc. on December 31, 2001. INT Media Group has redesigned and relaunched the site as SmallBusinessComputing.com (www.smallbusinesscomputing.com). The print magazine will no longer be published."The acquisition of Small Business Computing continues the expansion of INT Media Group�s editorial coverage of the technology industry and will be a valuable resource for our user audience as well as for INT Media Group, stated Alan M. Meckler, Chairman and CEO of INT Media Group. "Technology information is changing daily and requires constant reporting. Therefore we are discontinuing the monthly print magazine and now are providing the small business community and SOHO market with daily online content and a companion e-mail newsletter."
About SmallBusinessComputing.com About INT Media Group "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 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.
For more information contact: All current INT Media Group, Inc. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.
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