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INTERNET.COM REPORTS RESULTS FOR SECOND QUARTER

For the six months ended June 30, 1999, revenues were approximately $4.5 million, a 149% increase over revenues of $1.8 million for the comparable period in 1998. Net loss for the six months ended June 30, 1999, excluding amortization of intangibles and a non-cash compensation charge, was $2.9 million, or $0.16 per share, compared to $1.0 million, or $0.06 per share, for the same period in the prior year. Including amortization of intangibles and the non-cash compensation charge, net loss for the six months ended June 30, 1999 was $14.9 million, or $0.86 per share.

"During the second quarter, we successfully completed our initial public offering and achieved significant growth, both in revenues and page views," stated internet.com chairman and CEO Alan M. Meckler. "internet.com is the number one resource network for Internet professionals who make their living in and around the Internet. We continue to aggressively acquire and/or build leading business-to-business vertical content Web sites focused solely on the Internet industry to maintain and expand our first mover position."

Acquisitions and Investments

During the second quarter, internet.com completed the acquisitions of Swynk.com, Refer-it.com, AtNewYork.com, SiliconAlleyJobs.com and MyDesktop.com. In addition, the Company launched international versions of internet.com for France and Arabia. In July, the Company continued to expand its network with the acquisitions of WebDevelopersJournal.com and WallStreetResearchNet (http://www.wsrn.com).

The Company also announced the formation of the internet.com Venture Fund I LLC which is devoted to early stage investments in content Web sites. The Fund closed on April 12, 1999, and made its first investment during the second quarter in CreativePlanet.com, the leading operator of vertical, business-to-business Internet communities for creative professionals.

New Content Areas and Services

During the second quarter, internet.com further expanded its world-class proprietary content with the launch of the following internally developed properties: ISP-Planet.com, which provides daily news, opinion and advice for the Internet Service Provider community; InternetRadioList.com, which features a global directory of over 1,500 Internet radio stations and links to live broadcasts on the Web; AllNetResearch.com, an e-commerce site for buying and selling Internet industry research; and InternetStockTracker, a paid e-mail newsletter that provides financial coverage of the entire Internet industry across nine market sectors.

Also during the second quarter, internet.com licensed its ISDEX®, the Internet Stock Index (http://www.isdex.com), to the Kansas City Board of Trade for the creation of futures and futures options contracts. These contracts began trading on June 1, 1999. internet.com entered into an agreement in July with Investec Guinness Flight Global Asset Management to establish a mutual fund which tracks the ISDEX®. The new Guinness Flight internet.com Index Fund is expected to be available to investors by the end of July 1999.

About internet.com

internet.com Corporation, based in Westport, Connecticut, is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 63 Web sites, 44 e-mail newsletters, 55 online discussion forums and 52 moderated e-mail discussion lists that generates over 48 million Web site page views monthly. According to Media Metrix, internet.com grew its unique users to over 1.8 million during June 1999. internet.com's global presence includes editions in Canada, the United Kingdom, Arabia, Australia, Asia, France and Israel.

"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.

		December 31, 1998		June 30, 1999 (unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$ 129		$42,324
Accounts receivable, net of allowances of $42 and $207, respectively		1,723		2,489
Prepaid expenses and other		120		290
Total current assets		1,972		45,103
Property and equipment, net of accumulated depreciation of $15 and $204, respectively		1,380		2,027
Intangible assets, net of accumulated amortization of $632 and $4,660, respectively		22,332		22,655
Other assets		192		286
Total assets		$25,876		$70,071
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable		$ 482		$ 1,546
Accrued payroll and related expenses		296		697
Accrued expenses and other		462		2,100
Accrued Web site acquisition payments		775		1,360
Deferred revenues		122		672
Borrowings under line of credit		1,886		-
Total current liabilities		4,023		6,375
Accrued Web site acquisition payments		-		450
Total liabilities		4,023		6,825
Commitments and contingencies		-		-
Stockholders’ equity:
Preferred stock, $.01 par value, 4,000,000 shares authorized, no shares issued and outstanding		-		-
Common stock, $.01 par value, 75,000,000 shares authorized, 16,215,891 and 23,325,000 shares issued and outstanding at December 31, 1998 and June 30, 1999, respectively
		162		233
Additional paid-in capital		22,665		78,843
Accumulated deficit		(974)		(15,830)
Total stockholders’ equity		21,853		63,246
Total liabilities and stockholders’ equity		$25,876		$70,071

For more information contact:

internet.com Corporation
Christopher Baudouin, (203) 341-2806 or [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.