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internet.com Acquires Wall Street Research Net; Leading Financial Web Site will Become Part of internet.com's Internet Stocks Channel
(WESTPORT, CT - July 26, 1999) - internet.com (Nasdaq: INTM), The E-business and Internet Technology Network, today announced that it acquired Wall Street Research Net (http://www.wsrn.com), the Web's most comprehensive financial content and e-commerce site for investors. The site is now part of the internet.com Network of 63 Web sites and related media properties (http://www.internet.com). Terms were not disclosed.Wall Street Research Net (WSRN) offers professional and private investors access to fundamental research and proprietary content on actively traded companies, including industry leaders such as Yahoo! (Nasdaq:YHOO), AOL (NYSE: AOL) and Ebay (Nasdaq: EBAY). Investors can access SEC documents, company home pages, annual reports, press releases, stock quotes, graphs, and more. The site sells investor research information from leading companies including Baseline, Multex (Nasdaq: MLTX), Market Guide (Nasdaq: MARG), Grants Online as well as financial spreadsheets and PDF reports created by WSRN itself.
"We are thrilled to provide our community of Internet industry and technology professionals, and online investors, with one of the largest and most trusted financial resources on the Web," said Alan M. Meckler, chairman and CEO of internet.com Corporation. "Wall Street Research Net features proprietary information from many respected E-commerce partners which will greatly enhance internet.com's Internet Stocks Channel (http://www.internetstockschannel.com)."
"internet.com and WSRN make an excellent fit that will provide an outstanding resource for a community of online investors. I look forward to joining internet.com and further developing the Internet Stock Channel as the leading financial resource on the Web," said Lawrence Sterne, co-founder and CEO of WSRN.
Sterne will join internet.com as Managing Editor of the Internet Stocks Channel. Sterne's career has spanned 26 years on Wall Street, including Director of Research for Economic Analysis Associates, Inc. He has also worked as a securities analyst on both the "sell" and "buy" side of Wall Street, including Reynolds Securities, Cyrus J. Lawrence, The Northern Trust Company and Chemical Bank. WSRN co-founder and CTO Chris Southern will join internet.com as Technology Director, Internet Stocks Channel.
internet.com's Internet Stocks Channel is the leading online source of information about Internet stocks and finance. The channel features ISDEX (http://www.isdex.com), Internet Stock Index, the index of 50 Internet stocks which has been recently licensed to the Kansas City Board of Trade Futures and Futures Options Contracts and to Investec Guinness Flight Global Asset Management as the Guinness Flight internet.com Index Fund. The channel features other well-followed resources: Internet Stock Report, Internet Stock List, IPO Watch!, Silicon Alley Stocks, IPODEX, in addition to e-mail newsletters and online discussion forums dedicated to the Internet stock marketplace. The channel is part of the internet.com Network, which has over 1.8 million unique visitors and 47 million page views monthly. Interested advertisers should contact Susan Leiterstein, Vice President and Publisher of internet.com, at [email protected] or (203) 341-2962. For e-commerce and licensing opportunities, contact David Arganbright, Vice President, Commerce and Licensing, at [email protected] or (203) 341-2858.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding internet.com Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus dated June 25, 1999, Annual Report or Form 10-K for the most recently ended fiscal year.
For more information contact:
Hillary Dietz
(203) 341-2989
[email protected]
Nicole Catalano
(203) 341-2870
[email protected]
All current internet.com Corp. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.