|
AUSTRALIA.INTERNET.COM TO RE-LAUNCH LOCAL JUPITER RESEARCH OPERATIONS FOLLOWING GLOBAL ACQUISITION(Sydney, Australia - August 27, 2002) -- INT Media Group, Incorporated (Nasdaq:INTM) today announced the re-launch of Jupiter Research's Australian office and a firm commitment to local coverage and analyst presence. australia.internet.com Managing Director Michael Walsh will assume responsibility for the division, with former editor Niki Scevak transitioning into the role of local analyst.Jupiter Research Australia will continue to analyse the impact of the Internet and new technologies on industries such as media, telecommunications and commerce, as well as building upon the global stable of research and insight. The local development follows the completion of INT Media Group's global acquisition of Jupiter Research from Jupiter Media Metrix, Inc. (Nasdaq: JMXI) and the decision to rename itself to Jupitermedia Corporation. INT Media Group's Chairman and CEO Alan M. Meckler said, "Jupiter Research's already vast global presence will be extended into the region via our already strong Australian capability. We continue to raise our investment and commitment in Australia, re-assured by a robust operating environment." Jupiter Research Australia Managing Director Michael Walsh commented "Jupiter has established itself worldwide as the pre-eminent strategic research advisor for the technology sector." Walsh continues, "Our track record with building australia.internet.com's operations over the last three years gives us a unique insight and position to expand the Jupiter Research business in Australia. We believe that there are powerful commercial synergies between our online media network, our monthly BreakfastForums and industry conferences, and now our strategic research initiatives and expanded events portfolio." Jupiter Research Analyst Niki Scevak said, "The continuing maturity and growth of the online audience in Australia marks an undeniable opportunity. Advertising and commerce strategies continue to evolve revealing sustainable business models for surviving firms. We very much look forward to participating in the development and analysis of those firms and market drivers through our research and events."
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 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.
For information contact:
Niki Scevak
Mary Ann Boland All current Jupiter Research press releases can be found online at www.internet.com/corporate/press.html. All current INT Media Group, Inc. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.
|