P R E S S R E L E A S E S |
Corporate Information
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JUPITERMEDIA CORPORATION REPORTS RECORD RESULTS FOR ITS SECOND QUARTER ENDED JUNE 30, 2005
(New York, NY - August 1, 2005) - Jupitermedia Corporation (Nasdaq: JUPM) today reported results for the quarter ended June 30, 2005. Revenues for the second quarter of 2005 were $33.8 million compared to revenues of $17.8 million for the same period last year, an increase of 89%. Net income for the second quarter was $7.0 million, or $0.19 per diluted share, compared to net income of $3.5 million, or $0.11 per diluted share, for the same period last year.
"We are pleased with our financial results for the second quarter, with record revenues and net income," stated Jupitermedia's Chairman and CEO Alan M. Meckler. "We have been emphasizing the development of our JupiterImages division and the second quarter illustrates continued organic and overall growth in the sales and distribution of commercial images. The acquisition of PictureArts in July marks our seventh major images acquisition since June 2003 (ArtToday, Comstock, Thinkstock, Hemera, Dynamic Graphics, Goodshoot and PictureArts). We plan to continue our acquisitions program in the coming months. Our employees are working hard to shape and integrate these acquisitions so that Jupitermedia becomes a powerful creator and distributor of a wide range of commercial images. The full impact of this integration will be more apparent in future quarters. In the meantime we continue to evolve as a company making positive financial progress not only with JupiterImages, but with our JupiterWeb, JupiterResearch and JupiterEvents divisions," added Meckler.
Jupitermedia Corporation 2nd Quarter 2005 Financial Results Conference Call Alert
Jupitermedia Corporation invites you to participate in its conference call reviewing 2005 second quarter results, scheduled for Tuesday, August 2, 2005 at 11:00 am EST.
The conference call number is (800) 289-0730 for domestic participants and (913) 981-5509 for international participants; pass code "892 6504." Please call five minutes in advance to ensure that you are connected prior to the presentation. The conference call replay will be available until Tuesday, August 16, 2005. Replay call numbers are (888) 203-1112 for domestic participants and (719) 457-0820 for international participants: pass code: "892 6504."
Acquisitions
- In May, Jupitermedia announced the acquisition of JGuru.com (www.jguru.com), an online community that provides news, information, forums and online courses designed for Java programmers and software developers. The JGuru.com online community is comprised of top Java developers, who are encouraged to maintain their individuality and express their own opinions freely, which gives JGuru.com the credibility needed for the success of any online community. Terms of this acquisition were not disclosed.
- In May, Jupitermedia announced that it had acquired all of the shares of Goodshoot S.A.S (www.goodshoot.com), for approximately U.S. $9.8 million in cash. Goodshoot, based in Annecy-le-Vieux, France, is a leading resource for royalty free digital images for business users and creative professionals.
- In July, Jupitermedia acquired PictureArts Corporation (www.picturearts.com) for approximately $63.2 million in cash, subject to certain post-closing adjustments. The acquisition includes PictureArts' quality brands: Brand X Pictures, FoodPix, Botanica and Nonstock, as well as its image distribution business. Jupitermedia financed the purchase price with cash on hand and borrowings under a $90 million senior credit facility with JPMorgan Chase Bank, N.A. obtained in connection with the transaction.
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Online Image Offerings
In April, Jupitermedia announced a collaboration with Adobe through Adobe® Stock Photos, a new stock photography service that offers designers one-stop shopping for high-quality, royalty-free images for layout and design. Designers can download non-watermarked comp images from Jupitermedia's Comstock Images collection (www.comstock.com) and bring them into a layout and then purchase without ever having to leave Adobe Creative Suite 2.
In July, Jupitermedia announced an agreement with Corbis (www.corbis.com), a leading media services company, to distribute its Comstock Images and Thinkstock Images collections. Under the terms of the agreement Corbis will distribute select Comstock and Thinkstock images worldwide through its Web site www.corbis.com, starting in September.
The following table sets forth the organic and acquisition-related revenue growth of Jupitermedia's Online images business on a year over year and sequential quarterly basis for the three months ended June 30, 2005 (dollars in thousands):
unaudited |
Three Months Ended June 30, 2004 |
Organic Revenue Increase (Decrease) |
Acquisition Revenue Growth |
Three Months Ended June 30, 2005 |
Organic Growth Rate% |
Overall Growth Rate% |
|
|
|
|
|
|
|
Online Images: |
|
|
|
|
|
|
JupiterImages(1): |
$5,791 |
$1,005 |
$- |
$6,796 |
17% |
17% |
Acquisitions(2): |
- |
- |
12,935 |
12,935 |
N/M |
N/M |
|
|
|
|
|
|
|
Online Images Revenues: |
$5,791 |
$1,005 |
12,935 |
19,731 |
17% |
241% |
|
|
|
|
|
|
|
|
unaudited |
Three Months Ended March 31, 2005 |
Organic Revenue Growth |
Acquisition Revenue |
Three Months Ended June 30, 2005 |
Organic Growth Rate% |
Overall Growth Rate% |
|
|
|
|
|
|
|
Online Images: |
|
|
|
|
|
|
JupiterImages(3): |
$8,458 |
$123 |
$- |
$8,581 |
1% |
1% |
Acquisitions(4): |
3,705 |
- |
7,445 |
11,150 |
N/M |
201% |
|
|
|
|
|
|
|
Online Images Revenues: |
$12,163 |
$123 |
$7,445 |
$19,731 |
1% |
62% |
|
|
|
|
|
|
|
|
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(1) JupiterImages consists of ArtToday, Inc., which was acquired on June 30, 2003; and Comstock Images, acquired on April 1, 2004.
(2) Acquisitions include: Thinkstock Images, acquired on July 28, 2004; Hemera Images, acquired on November 12, 2004; and Dynamic Graphics Group, acquired on March 7, 2005.
(3) JupiterImages consists of: ArtToday, Inc., acquired on June 30, 2003; Comstock Images, acquired on April 1, 2004; Thinkstock Images, acquired on July 28, 2004; and Hemera Images, acquired on November 12, 2004. Hemera Image's retail box product line has been excluded since it has been discontinued.
(4) Acquisitions include: Dynamic Graphics Group acquired on March 7, 2005; and Goodshoot S.A.S. acquired on May 19, 2005.
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The following table sets forth the organic and acquisition-related revenue growth of Jupitermedia's Online images business on a year over year basis for the six months ended June 30, 2005 (dollars in thousands):
|
unaudited |
Six Months Ended June 30, 2004 |
Organic Revenue Growth |
Acquisition Revenue |
Six Months Ended June 30, 2005 |
Organic Growth Rate% |
Overall Growth Rate% |
|
|
|
|
|
|
|
Online Images: |
|
|
|
|
|
|
JupiterImages(1): |
$5,184 |
$2,118 |
$- |
$7,302 |
41% |
41% |
Acquisitions(2): |
3,064 |
- |
21,528 |
24,592 |
N/M |
703 |
|
|
|
|
|
|
|
Online Images Revenues: |
$8,248 |
$2,118 |
21,528 |
31,894 |
41% |
287% |
|
|
|
|
|
|
|
|
(1) JupiterImages consists of ArtToday, Inc., which was acquired on June 30, 2003.
(2) Acquisitions include: Comstock Images, acquired on April 1, 2004; Thinkstock Images, acquired on July 28, 2004; Hemera Images, acquired on November 12, 2004; Dynamic Graphics Group, acquired on March 7, 2005; and Goodshoot S.A.S. acquired on May 19, 2005.
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Research Services
In April, Jupitermedia announced the launch of JupiterResearch's SMB Marketing research service. The SMB Marketing research service marks the ninth new practice started by JupiterResearch since its acquisition in July 2002 by Jupitermedia. This service helps companies market effectively and increase sales to small- and medium-size businesses (SMBs). Drawing on comprehensive surveys of SMB decision makers, intelligence from successful marketers and JupiterResearch studies on evolving online marketing best practices, SMB Marketing identifies and profiles attractive market segments and spells out effective tactics to win SMB market share.
In June, Jupitermedia announced the launch of a new podcasting service called JupiterResearch Conversations. Podcasts are audio programs than can be listened to online or downloaded and listened to on a portable media player. JupiterResearch's podcasts feature conversations with JupiterResearch analysts about key topics relating to the Internet and emerging consumer technologies. JupiterResearch Conversations are available at podcasts.jupiterresearch.com.
Conferences and Trade Shows
JupiterEvents, 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. JupiterEvents held eight paid conferences and trade shows in the second quarter of 2005: Search Engine Strategies Conference & Expo Munich 2005; WiFi/VoWiFi Planet Conference & Expo Tokyo 2005; Search Engine Strategies Conference & Expo Tokyo 2005; Search Engine Strategies Conference & Expo Toronto 2005; ISPCON Conference & Expo Spring 2005; Search Engine Strategies Conference & Expo London 2005; WiFi/VoWiFi Planet Conference & Expo Spring 2005; and Search Engine Watch Forums Live 2005. JupiterEvents has announced the following conferences and trade shows for the remainder of 2005:
- Search Engine Strategies Conference & Expo 2005 (August 8-11, San Jose, CA)
- IT Service Management Forum Conference & Expo 2005 (September 19-24, Chicago, IL)
- ISPCON Fall 2005 (October 18-20, Santa Clara, CA)
- Search Engine Strategies Conference & Expo 2005 (October 26-27, Stockholm, Sweden)
- Search Engine Strategies Conference & Expo 2005 (December 5-8, Chicago, IL)
Jupitermedia Corporation
Consolidated Statements of Operations
For the Three and Six Months Ended June 30, 2004 and 2005
(unaudited)
(in thousands, except per share amounts)
|
Three Months Ended
June 30, |
Six Months Ended
June 30,
|
|
2004 |
2005 |
2004 |
2005 |
Revenues |
$17,846 |
$33,795 |
$32,199 |
$58,809 |
Cost of revenues |
$6,547 |
$13,113 |
$12,567 |
$22,665 |
Gross Profit |
$11,299 |
$20,682 |
$19,632 |
$36,144 |
|
Operating expenses: |
Advertising, promotion and selling |
$4,550 |
$6,900 |
$8,125 |
$11,593 |
General and administrative |
$2,152 |
$4,521 |
$4,677 |
$7,928 |
Depreciation |
$242 |
$423 |
$465 |
$710 |
Amortization |
$722 |
$876 |
$1,117 |
$1,705 |
Total operating expenses |
$7,666 |
$12,720 |
$14,384 |
$21,936 |
|
Operating income |
$3,633 |
$7,962 |
$5,248 |
$14,208 |
Income (loss) on investments and other, net |
$105 |
(11) |
$119 |
(41) |
Interest income |
9 |
95 |
27 |
214 |
Interest expense |
(56) |
(200) |
(62) |
(222) |
Income before income taxes, minority interests and equity income from venture fund investments and other, net |
3,691 |
7,846 |
5,332 |
14,093 |
Provision for income taxes |
140 |
934 |
140 |
1,612 |
Minority interests |
$(26) |
$(8) |
(37) |
(31) |
Equity income (loss) from venture fund investments and other, net |
(16) |
132 |
(9) |
132 |
Net income |
$3,509 |
$7,036 |
$5,146 |
$12,582 |
|
Earnings per share: |
Basic |
$0.13 |
$0.21 |
$0.19 |
$$0.38 |
Diluted |
$0.11 |
$0.19 |
$0.17 |
$0.35 |
|
Shares used in computing earnings per share: |
Basic |
27,903 |
34,304 |
26,965 |
33,523 |
Diluted |
30,906 |
36,836 |
29,783 |
36,044 |
Segment Information
The following tables summarize the results of the segments of Jupitermedia for the three and six months ended June 30, 2004 and 2005. Online images consists of the JupiterImages business that includes Comstock Images, Creatas Images, PictureQuest, Liquid Library, Thinkstock Images, Thinkstock Footage, Goodshoot Images, Photos.com, HemeraImages.com, Ablestock.com, PhotoObjects.net, Clipart.com and Animations.com. Online media consists of the JupiterWeb business that includes the internet.com, EarthWeb.com, DevX.com, ClickZ.com and Graphics.com Networks. Research represents the JupiterResearch business. Events represent the JupiterEvents business. Other includes corporate overhead, depreciation, amortization and venture fund related activities.
(unaudited) (in thousands) |
Three Months Ended
June 30, |
Six Months Ended
June 30,
|
|
2004 |
2005 |
2004 |
2005 |
Revenues |
Online Images |
$5,791 |
$19,731 |
$8,248 |
$31,894 |
Online Media |
$8,002 |
$9,336 |
$15,221 |
$16,876 |
Research |
$2,201 |
$2,801 |
$4,543 |
$5,356 |
Events |
$1,841 |
$1,919 |
$4,163 |
$4,667 |
Other |
$11 |
$8 |
$24 |
$16 |
|
$17,846 |
$33,795 |
$32,199 |
$58,809 |
|
Cost of Revenues: |
Online Images |
$1,143 |
$6,935 |
$1,778 |
$10,120 |
Online media |
$2,867 |
$3,455 |
$5,770 |
$6,526 |
Research |
$1,318 |
$1,409 |
$2,554 |
$2,849 |
Events |
$1,219 |
$1,314 |
$2,465 |
$3,170 |
|
$6,547 |
$13,113 |
$12,567 |
$22,665 |
|
Gross Profit: |
Online Images |
$4,648 |
$12,796 |
$6,470 |
$21,774 |
Online Media |
$5,135 |
5,881 |
$9,451 |
10,350 |
Research |
883 |
1,392 |
1,989 |
2,507 |
Events |
622 |
605 |
1,698 |
1,497 |
Other |
11 |
8 |
24 |
16 |
|
11,299 |
20,682 |
19,632 |
36,144 |
Advertising, promotion and selling: |
Online Images |
$1,237 |
$3,583 |
1,556 |
5,159 |
Online media |
1,760 |
1,915 |
3,444 |
3,708 |
Research |
$780 |
$833 |
$1,498 |
$1,701 |
Events |
$773 |
$569 |
$1,627 |
$1,025 |
|
$4,550 |
$6,900 |
$8,125 |
$11,593 |
|
General and administrative: |
Online Images |
$263 |
$1,083 |
$517 |
$1,681 |
Online media |
$(186) |
$163 |
$234 |
$344 |
|
Research |
27,903 |
34,304 |
26,965 |
33,523 |
Events |
38 |
48 |
82 |
88 |
Other |
$1,860 |
$3,043 |
$3,470 |
$5,408 |
|
$2,152 |
$4,521 |
$4,677 |
$7,928 |
|
Depreciation |
$242 |
$423 |
$465 |
$710 |
Amortization |
$722 |
$876 |
$1,117 |
$1,705 |
Operating income (loss): |
Online Images |
$3,148 |
$8,130 |
$4,397 |
$14,934 |
Online media |
$3,561 |
$3,803 |
$5,773 |
$6,298 |
Research |
$(74) |
$375 |
$117 |
$399 |
Events |
$(189) |
$(12) |
$(11) |
$384 |
Other |
$(2,813) |
$(4,334) |
$(5,028) |
$(7,807) |
|
$3,633 |
$7,962 |
$5,248 |
$14,208 |
Jupitermedia Corporation
Consolidated Balance Sheets
December 31, 2004 and June 30, 2005
(in thousands, except per share amounts)
|
December 31 2004 |
June 30, 2005 (unaudited) |
ASSETS |
Current Assets: |
Cash and cash equivalents |
$30,179 |
$19,950 |
Accounts receivable, net of allowances of $966 and $1,351, respectively |
$15,385 |
$21,417 |
Unbilled accounts receivable |
$1,530 |
$1,336 |
Prepaid expenses and other |
$2,713 |
$4,238 |
Total current assets |
$49,807 |
$46,941 |
Property and equipment, net of accumulated depreciation of $9,256 and $9,876, respectively |
$2,339 |
$8,673 |
Intangible assets, net of accumulated amortization of $5,371 and $7,074, respectively |
$20,939 |
$31,877 |
Goodwill |
$42,015 |
$103,674 |
Investments and other assets |
$1,197 |
$1,345 |
Total assets |
$116,297 |
$192,510 |
|
LIABILITIES AND STOCKHOLDERS' EQUITY: |
Current Liabilities: |
Accounts payable |
2,277 |
8,157 |
Accrued payroll and related expenses |
1,785 |
3,039 |
Accrued expenses and other |
5,037 |
8,198 |
Deferred revenues |
14,183 |
18,957 |
Current portion of long-term debt |
- |
8,333 |
Total current liabilities |
23,282 |
46,684 |
|
Long-term debt |
- |
11,744 |
Deferred revenues |
510 |
847 |
Deferred income tax liabilities |
121 |
1,234 |
Other long-term liabilities |
225 |
- |
Total liabilities |
24,138 |
60,509 |
|
Stockholders' equity |
Preferred stock, $.01 par value, 4,000,000 million shares authorized, no shares issued and outstanding |
- |
- |
Common stock, $.01 par value, 75,000,000 shares authorized, and 32,378,361 and 34,694,930 shares issued at December 31, 2004 and June 30, 2005, respectively |
324 |
347 |
Additional paid-in capital |
$215,648 |
243,856 |
Accumulated deficit |
$(123,690) |
(111,108) |
Treasury stock, 65,000 shares, at cost |
$(106) |
(106) |
Accumulated other comprehensive income |
$(17) |
$(988) |
Total stockholders' equity |
$92,159 |
$132,001 |
Total liabilities and stockholders' equity |
$116,297 |
$192,510 |
|
Jupitermedia Corporation
Consolidated Statements of Cash Flows
Six Months Ended June 30, 2004 and 2005
(unaudited)
(in thousands)
|
Six Months Ended
June 30 |
|
2004 |
|
2005 |
Cash flows from operating activities: |
|
|
|
Net income |
$5,146 |
|
$12,582 |
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
Depreciation and amortization |
1,582 |
|
2,415 |
Provision (benefit) for losses on accounts receivable |
(144) |
|
(65) |
Provision for income taxes |
37 |
|
1,009 |
Minority interests |
37 |
|
31 |
Equity (income) loss from venture fund investments and other, net |
9 |
|
(132) |
(Income) loss on investments and other, net |
(119) |
|
41 |
Changes in current assets and liabilities, (net of businesses acquired): |
|
|
|
Accounts receivable
|
322 |
|
919 |
Unbilled accounts receivable |
(46) |
|
(195) |
Prepaid expenses and other |
(267) |
|
378 |
Accounts payable and accrued expenses |
1,408 |
|
(4,709) |
Deferred revenues |
1,855 |
|
659 |
Net cash provided by operating activities |
9,820 |
|
13,323 |
|
|
|
|
Cash flows from investing activities: |
|
|
|
Additions to property and equipment |
(207) |
|
(846) |
Acquisitions of businesses and other |
(22,917) |
|
(49,004) |
Distribution from internet.com venture funds
|
148 |
|
- |
Proceeds (distributions) from sales of assets and other
|
135 |
|
(65) |
Net cash used in investing activities
|
(22,841) |
|
(49,915) |
|
|
|
|
Cash flows from financing activities: |
|
|
|
Proceeds from issuance of common stock, net |
30,580 |
|
- |
Borrowings under credit facilities |
13,000 |
|
20,000 |
Debt issuance costs |
- |
|
(257) |
Repayment of borrowings under credit facility |
(13,000) |
|
- |
Proceeds from exercise of stock options |
2,096 |
|
6,620 |
Net cash provided by financing activities |
32,676 |
|
26,363 |
|
|
|
|
Net increase (decrease) in cash and cash equivalents |
19,655 |
|
(10,229) |
|
|
|
|
Cash and cash equivalents, beginning of period |
9,567 |
|
30,179 |
|
|
|
|
Cash and cash equivalents, end of period |
$29,222 |
|
$19,950 |
|
|
|
|
Supplemental disclosures of cash flow: |
|
|
|
Cash paid for income taxes |
$- |
|
$482 |
Cash paid for interest |
$62 |
|
$196 |
Non-cash investing activities: |
|
|
|
Common stock issued for acquisitions |
$- |
|
$21,611 |
Business Outlook
Jupitermedia's financial guidance is prepared in accordance with accounting principles
generally accepted in the United States of America.
Historical results below have been adjusted to conform to this presentation.
The amounts below reflect the preliminary allocation of the purchase prices paid by
Jupitermedia in connection with its recent acquisitions of Thinkstock Images, Megapixel.net,
Hemera Technologies Inc., Creatas, L.L.C., the parent company of Dynamic Graphics, Inc.,
GraphicDesignForum.com, JGuru.com, Goodshoot S.A.S and PictureArts Corporation, and are
subject to change pending a final allocation of these amounts.
The following forward looking-statements reflect Jupitermedia's expectations as of August 1, 2005.
Due to potential changes in general economic conditions and the various other risk factors
discussed below and in Jupitermedia's reports filed with the Securities and Exchange Commission from time to time, actual results may differ materially. Jupitermedia intends to continue its practice of not updating forward-looking statements until its next quarterly results announcement, other than in publicly available statements.
Future Expectations
|
Actual Total 2004 |
Q1 2005 |
Q2 2005 |
Q3 2005 |
Total 2005 |
(in millions, except per share amounts) |
Revenues ($M) |
$72.0 |
$25.0 |
$33.8 |
$39.5-40.5 |
$139.0-141.0 |
Cost of revenues, advertising, promotion & selling, and G & A expenses |
$53.0 |
$17.7 |
$24.6 |
$28.0-29.0 |
$96.5-98.5 |
EBITDA (Earnings before interest, taxes, depreciation and amortization) |
$19.0 |
$7.3 |
$9.2 |
$11.0-12.0 |
$42.0-43.0 |
Depreciation and amortization |
$3.0 |
$1.1 |
$1.3 |
$1.7 |
$5.9 |
Interest expense, net |
$- |
$- |
$0.1 |
$1.2 |
$2.5 |
Equity income |
$- |
$- |
$0.1 |
$- |
$0.1 |
Provision for Income taxes (1) |
$0.3 |
$0.7 |
$0.9 |
$1.3 |
$4.2 |
Net income |
$15.7 |
$5.5 |
$7.0 |
$7.3 |
$29.5-31.5 |
Diluted share count |
$31.8 |
$35.7 |
$36.8 |
$37.0 |
$36.7 |
Earnings per diluted share |
$0.49 |
$0.16 |
$0.19 |
$0.20 |
$0.81-0.83 |
|
(1) The provision for income taxes includes deferred income tax expense related to the amortization of certain intangibles, primarily goodwill from the Dynamic Graphics Group and PictureArts acquisitions, for income tax purposes that are not amortized in our financial statements. This deferred income tax expense will be recorded as a long-term liability on our balance sheet and will not be paid in cash unless the related assets are sold.
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About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM), (www.jupitermedia.com)
), headquartered in Darien, CT, is a leading global provider of original information, images, research and events for information technology, business and creative professionals. Jupitermedia includes JupiterImages, one of the leading images companies in the world with over 7.0 million images online serving creative professionals with brands like Brand X, FoodPix, Botanica, Nonstock, Comstock Images, Creatas Images, PictureQuest, Liquid Library, Thinkstock Images, Thinkstock Footage, Goodshoot Images, Photos.com, HemeraImages.com, Ablestock.com, PhotoObjects.net, Clipart.com and Animations.com; and JupiterWeb, the online media division of Jupitermedia which operates five distinct online networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; ClickZ.com for interactive marketers; and Graphics.com, for creative professionals. JupiterWeb properties include more than 170 Web sites and over 170 e-mail newsletters that are viewed by over 20 million users and generate over 300 million page views monthly. Jupitermedia also includes: JupiterResearch, a leading international research advisory organization specializing in business and technology market research in 18 business areas and 14 vertical markets; and JupiterEvents, which produces offline conferences and trade shows focused on IT and business-specific topics, including Search Engine Strategies and IT Service Management Forum.
"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 competes; the unpredictability of Jupitermedia's future revenues, expenses, cash flows and stock price; Jupitermedia's ability to integrate acquired businesses, products and personnel into its existing businesses; Jupitermedia's dependence on a limited number of advertisers; and Jupitermedia's ability to protect its intellectual property. For a more detailed discussion of such risks and uncertainties, refer to Jupitermedia's reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934. The forward-looking statements included herein are made as of the date of this press release, and Jupitermedia assumes no obligation to update the forward-looking statements after the date hereof.
All current Jupitermedia Corporation press releases can be found on the World Wide Web at www.jupitermedia.com/corporate/press.html
CONTACT:
Lisa DiGiacomo
Marketing & Public Relations Associate
Jupitermedia Corporation
212-547-7939
[email protected]
All current Jupiter Research press releases can be found online at
www.jupitermedia.com/corporate/press.html.
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