JUPITERMEDIA CORPORATION REPORTS RESULTS FOR ITS FOURTH QUARTER ENDED DECEMBER 31, 2002

For the year ended December 31, 2002, revenues were $40.7 million compared to $44.0 million for 2001. Net loss for the year ended December 31, 2002 was $511,000, or $0.02 per share, compared to a net loss of $102.2 million, or $4.03 per share for the prior year.

"We are pleased with our results for this year, with sequential quarterly growth in revenues and improvement in net income for each of our second, third and fourth quarters," stated Jupitermedia's Chairman and CEO Alan M. Meckler. "Our acquisition of the Jupiter Research and Events businesses has expanded and diversified our revenue sources. Our company now consists of three complementary business segments: Online Media, Research and Events, all of which are focused on information technology and the Internet industry. We are experiencing significant marketing and business synergies among the Jupiter properties and our internet.com and EarthWeb.com Network with over 20 million unique business users. In September, we changed our name from INT Media Group, Incorporated to Jupitermedia Corporation, which further emphasizes the importance of the Jupiter brand in our overall strategy. We are also excited about our recently announced Computer Digital Expo which we are running as a superior alternative to Comdex in Las Vegas in its traditional November time period. Our strong balance sheet, with $25.5 million in cash, $21.3 million in working capital and no debt, combined with our cash flow positive operating model, leaves us well positioned to continue to capitalize on market opportunities and maximize shareholder value," added Meckler.

Jupitermedia Corporation 4th Quarter 2002 Conference Call Alert

Alan M. Meckler, Chairman and CEO, Christopher S. Cardell, President and COO, and Christopher J. Baudouin, Chief Financial Officer of Jupitermedia Corporation (Nasdaq: JUPM) invite you to participate in a conference call reviewing 2002 fourth quarter results on Wednesday, February 12, 2003 at 11:00 am EST.

The conference call number is (877) 807-9258 for domestic participants and (706) 634-2391 for international participants; pass code "Jupitermedia Fourth Quarter." Please call five minutes in advance to ensure that you are connected prior to the presentation. Instant replay will be available until Wednesday, February 26, 2003. Replay call numbers are (800) 642-1687 for domestic participants and (706) 645-9291 for international participants: pass code: 7532030.

New Online Content Areas and Research Services

Jupitermedia continued to expand and strengthen its world-class proprietary content offerings and research services with the launch of the following internally developed sites and research services:

• In October, Jupitermedia launched DatabaseJournal.com, an online knowledge center for database professionals. DatabaseJournal.com was built upon the success of several other internet.com and EarthWeb.com Web sites and e-mail newsletters covering various database technologies.
• In October, Jupitermedia launched Jupiter Webinars (www.jupiterwebinars.com), a new division that offers live Web-based objective, educational seminars on a variety of IT and Internet related business issues delivered by Jupiter Research analysts. Jupiter Webinars are available for free to pre-qualified professionals via broadband and dial-up access and are also archived for later viewing.
• In October, Jupitermedia launched GameMarketWatch.com (www.gamemarketwatch.com), a new online resource for industry news and information about next-generation, Internet-enabled consoles and the technology that drives them. The site provides users with the latest news, company profiles and product reviews for the video/PC game vendor and platform industries.
• In October, Jupiter Research launched its advisory service for personal computer and console game vendors and platform providers entitled Personal Computer & Console Games. The service delivers focused research on the game space for video and PC game vendors and platform providers, helping video game and interactive media companies understand consumers' adoption of new and evolving consoles, platforms and other entertainment hubs for gaming, while also advising companies on how to maximize revenues associated with these consumer behavior patterns.
• In November, Jupitermedia launched CPU-Planet.com, an online resource providing the latest news, product announcements, technical specifications and features about processors, chipsets and other PC silicon.
• In November, Jupitermedia announced the acquisition of the VB-World Network (www.vbworld.com), a leading collection of Web developer sites focused on Visual Basic.
• In December, Jupiter Research announced that it would launch a new service in early 2003 called 802.11 Mobility. Covering the leading vendors for the 802.11 hardware and software marketplace, Jupiter Research's 802.11 Mobility research service will help companies prepare for the market opportunities created by new wireless LAN technologies. The 802.11 Mobility research service will use consumer and executive IT surveys, online analysis, case studies and usage models. Clients of the service will discover which companies are most likely to succeed in capturing the marketplace, how these technologies will be deployed and who will be deploying them.
• In December, Jupiter Research announced the launch of a new technology vendor selection tool - the first vendor selection tool aimed at business executives rather than technology executives. This new tool, Jupiter Constellation, is easy to use and focuses on the criteria most important to business executives - overall business value and vendor market suitability - equipping them to play their role in the technology selection process.

Conferences and Trade Shows

Jupiter Events, a division of Jupitermedia, produces paid conferences and trade shows on IT and business-specific topics worldwide that are aligned with the content on our Web sites and our research offerings. Jupiter Events held twelve paid conferences and trade shows in the fourth quarter, each focusing on a different issue pertaining to information technology and the Internet industry. Events included: 802.11 Planet Asia 2002 Conference & Expo; Search Engine Strategies Munich 2002 Conference & Expo; Jupiter Advertising Forum; Grid Computing Planet Fall 2002 Conference & Expo; Enterprise Wireless Forum Conference & Expo; 802.11 Planet Europe 2002 Conference & Expo; ClickZ E-Mail Strategies Fall 2002 Conference & Expo, Nanoelectronics Planet Fall 2002 Conference & Expo, Enterprise Linux Forum Fall 2002 Conference & Expo, FlashKit Australia 2002 Conference & Expo, 802.11 Planet Fall 2002 Conference & Expo and Search Engine Strategies Fall 2002 Conference & Expo.

Jupiter Events has announced the launch of the following conferences and trade shows for 2003:

• Instant Messaging Planet Spring 2003 Conference & Expo (Feb. 24-25, Boston, MA)
• Jupiter Content Management Conference & Expo (February 26-27, New York, NY)
• Search Engine Strategies Spring 2003 Conference & Expo (March 4-6, Boston, MA)
• 802.11 Planet Japan 2003 Conference & Expo (March 14, Tokyo, Japan)
• Jupiter Online Media Conference & Expo (March 24-25, New York, NY)
• Search Engine Strategies Australia 2003 Conference & Expo (Mar. 26-27, Sydney, AU)
• GameMarketWatch Forum Conference & Expo (April 1-2, Los Angeles, CA)
• IT Infrastructure & Management Services Conference & Expo (April 15-16, Boston, MA)
• ClickZ E-Mail Strategies Spring 2003 Conference & Expo (May 19-20, New York, NY)
• Enterprise Linux Forum Spring 2003 Conference & Expo (June 4-6, Santa Clara, CA)
• Search Engine Strategies London 2003 Conference & Expo (June 3-4, London, U.K.)
• ClickZ E-Mail Strategies London 2003 Conference & Expo (June 5, London, U.K.)
• 802.11 Planet Spring 2003 Conference & Expo (June 25-27, Boston, MA)
• Instant Messaging Planet Australia 2003 Conference & Expo (June 26-27, Sydney, AU)
• IT Service Management Forum Conference & Expo (September 15-20, St. Louis, MO)
• 802.11 Planet Australia 2003 Conference & Expo (September 18-19, Sydney, AU)
• 802.11 Planet Europe 2003 Conference & Expo (September 29-30, Munich, Germany)
• Computer Digital Expo Fall 2003 Conference & Expo (November 17-21, Las Vegas, NV)
• ClickZ E-Mail Strategies Australia 2003 Conference & Expo (Nov. 27-28, Sydney, AU)
• 802.11 Planet Fall 2003 Conference & Expo (December 3-5, San Jose, CA)

Venture Fund Investments

Jupitermedia is the portfolio manager of internet.com Venture Fund I LLC (April '99), internet.com Venture Fund II LLC (November '99) and internet.com Venture Partners III LLC (June '00), which have invested in over 40 Internet properties to date. internet.com Venture Funds I and II and internet.com Venture Partners III were formed to invest in early-stage online content providers serving targeted business-to-business markets that follow the strategy of, but are not competitive with, Jupitermedia. Jupitermedia is an investor in all three funds. In October 2002, internet.com Venture Partners III was amended to reduce its committed capital from $75 million to $22.5 million. Jupitermedia no longer has any outstanding capital commitments related to these venture funds.

Stock Repurchase Program

In October 2001, Jupitermedia announced that its Board of Directors had authorized the expenditure of up to $1.0 million to repurchase the Company's outstanding common stock. Any purchases under Jupitermedia's stock repurchase program may be made, from time-to-time, in the open market, through block trades or otherwise, at the discretion of Company management. Depending on market conditions and other factors, these purchases may be commenced or suspended at any time or from time-to-time without prior notice. In September 2002, Jupitermedia announced that it purchased 65,000 shares of Jupitermedia common stock at $1.60 per share as part of its stock repurchase program.

Metrics

• December 2002 page views were over 200 million
• December 2002 total views were over 260 million (includes Web site page views, e-mail newsletter views and e-mail discussion list views)
• 4.6 million e-mail newsletter subscribers as of December 31, 2002
• Over 7.3 million total opt-in e-mail rental list subscribers as of December 31, 2002
• Over 675,000 unique opt-in e-mail rental list subscribers as of December 31, 2002
• December 2002 unique users were over 20 million
• 270 employees as of December 31, 2002

Segment Information

The following tables summarize the results of the segments of Jupitermedia for the three months and years ended December 31, 2001 and 2002. Online Media consists of the internet.com and EarthWeb.com Network. Research represents the Jupiter Research division. Events represents the Jupiter Events division. Other includes corporate overhead, depreciation, amortization and venture fund related activities. The following amounts are presented in thousands.

	Three Months Ended December 31,		Year Ended December 31,
	2001	2002	2001	2002
Revenues:
Online Media	$8,968	$6,731	$37,526	$28,219
Research	-	$2,960	$ -	$5,139
Events	$1,591	$1,812	$5,124	$6,221
Other	$328	$154	$1,315	$1,118
	$10,887	$11,657	$43,965	$40,697
Cost of revenues and operating expenses:
Online Media	$8,748	$4,716	$41,353	$21,339
Research	-	$2,595	$ -	$4,344
Events	$1,629	$1,913	$5,696	$6,283
Other	$4,735	$1,946	$96,178	$8,736
	$15,112	$11,170	$143,227	$40,702
Operating income (loss):
Online Media	$220	$2,015	$(3,827)	$6,880
Research	-	$365	$ -	$795
Events	$(38)	$(101)	$(572)	$(62)
Other	$(4,407)	$(1,792)	$(94,863)	$(7,618)
	$(4,225)	$487	$(99,262)	$(5)

Business Outlook

Jupitermedia's financial guidance is prepared in accordance with accounting principles generally accepted in the United States of America. Historical results below have been adjusted to conform to this presentation. The following forward looking-statements reflect Jupitermedia's expectations as of February 11, 2003. Due to potential changes in general economic conditions, the recently announced launch of Computer Digital Expo and the various other risk factors discussed below and in Jupitermedia's reports filed with the Securities and Exchange Commission from time to time, actual results may differ materially. Jupitermedia intends to continue its practice of not updating forward-looking statements until its next quarterly results announcement, other than in publicly available statements.

Future Expectations

	Actual Total 2002	Q1 2003	Q2 2003	Q3 2003	Q4 2003	Total 2003
(in millions, except per share amounts)
Revenues ($M)	$40.7	$9.0-10.0	$10.3-11.3	$9.8-10.8	$14.0-15.0	$43.1-47.1
Cost of revenues, advertising, promotion & selling, and general & administrative expenses ($M)	$37.7	$9.0-10.0	$9.5-10.5	$9.0-10.0	$13.0-14.0	$40.5-44.5
Depreciation and amortization	$3.0	$0.6	$0.6	$0.6	$0.5	$2.4
Loss on Investments ($M)	$0.2	$-	$-	$-	$-	$-
Interest Income ($M)	$0.4	$0.1	$0.1	$0.1	$0.1	$0.4
Equity losses(M)	$0.6	$-	$-	$-	$-	$-
Net income (loss)(M)	$(0.5)	$(0.6)	$0.3	$0.3	$0.6	$0.6
Share Count	25.3	25.3	25.5	25.5	25.5	25.5
Earnings (loss) per share	$(0.02)	$(0.02)	$(0.01)	$(0.01)	$(0.02)	$(0.02)

About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM), (www.jupitermedia.com) headquartered in Darien, CT, is a leading provider of global real-time news, information, research and media resources for information technology and Internet industry professionals. Jupitermedia includes the internet.com and EarthWeb.com Network of over 150 Web sites and 200 e-mail newsletters that generate over 200 million page views monthly. Jupitermedia also includes Jupiter Research, a leading international research advisory organization specializing in business and technology market research in 18 business areas and 10 vertical markets. In addition, Jupiter Events include nearly 40 offline conferences and trade shows focused on IT and business-specific topics, including Computer Digital Expo, America's 21st Century Information Technology Conference & Expo (www.cdxpo.com).

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 Jupitermedia Corporation competes; the unpredictability of Jupitermedia Corporation's future revenues, expenses, cash flows and stock price; Jupitermedia Corporation's ability to integrate acquired businesses, products and personnel into its existing businesses; Jupitermedia Corporation's international and venture fund investments; any material change in Jupitermedia Corporation's intellectual property rights and continued growth and acceptance of information technology and the Internet. For a more detailed discussion of such risks and uncertainties, refer to Jupitermedia Corporation'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 Jupitermedia Corporation assumes no obligation to update the forward-looking statements after the date hereof.

CONTACT:
Mary Ann Boland
Marketing & Public Relations Associate
Jupitermedia Corporation
(212) 547-7939
[email protected]

Jupitermedia Corporation

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All current Jupitermedia Corporation press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.