2006 Press
JUPITERMEDIA'S JUPITERIMAGES DIVISION INVESTS IN LEADING STOCK PHOTOGRAPHY COMMUNITY WEB SITES STOCK.XCHNG AND STOCKXPERT.COM
(New York, NY - January 24, 2006) - Jupitermedia Corporation (Nasdaq: JUPM) today announced that it has purchased a 49.7% equity investment in HAAP Media Ltd., based in Budapest, Hungary. HAAP Media operates two stock photo related Web sites: Stock.xchng (www.sxc.hu) and Stockxpert.com (www.stockxpert.com). Financial terms of the transaction were not disclosed.Stock.xchng is one of the largest stock photo community Web sites in the world with over 25 million page views monthly and over 500,000 registered users. Photos cannot be purchased from Stock.xchng but users are linked to sister site Stockxpert.com where stock photos can be purchased for as little as $1.00 per image. Both sites are published in the English language.
"We are excited to now be working with HAAP Media in order to help make Stockxpert.com one of the leading sellers in the rapidly growing field of "micropayment" sites in which professional and amateur photographers submit model released and keyworded photos in exchange for royalty payments on future sales. Images typically sell for prices ranging from $1.00 to $10.00" stated Alan M. Meckler, Chairman and CEO of Jupitermedia Corporation. "Stock.xchng and Stockxpert.com are already widely recognized brands based on Google rankings. We believe we can make both sites even more significant by promoting these services through our network of Web sites to our 20 million unique visitors per month. Finally, it is the goal of Jupiterimages to offer images for every photo buyer's budget. This new relationship, combined with our many subscription, royalty-free and traditional rights-managed image offerings, distinguishes Jupiterimages from our competition as the only company catering to all levels of image buyers worldwide," added Meckler.
About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM), (www.jupitermedia.com)
headquartered in Darien, CT, is a leading global provider of original information, images and research 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 BananaStock, Brand X, FoodPix, Botanica, Nonstock, Comstock Images, Creatas Images, PictureQuest, Liquid Library, Thinkstock Images, Thinkstock Footage, Bigshot Media, Goodshoot, ITStockFree, Photos.com, Ablestock.com, PhotoObjects.net, Clipart.com and AnimationFactory.com; and JupiterWeb, the online media division of Jupitermedia which operates four distinct online networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and Graphics.com for creative professionals. JupiterWeb properties include more than 150 Web sites and over 150 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 over 30 business areas and vertical markets.
"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 ability to protect its intellectual property; and Jupitermedia's dependence on a limited number of advertisers. 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.
CONTACT:
Lisa DiGiacomo
Marketing and Public Relations Associate
212-547-7938
[email protected]
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