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INTERNET.COM ANNOUNCES JULY STOCK CHALLENGE WINNERS; WINNER RACKS UP 37.62% ONE-MONTH RETURN
(WESTPORT, CT - August 5, 1999) - internet.com (Nasdaq: INTM), the E-business and Internet Technology Network, today announced the winners of July's internet.com Stock Challenge.Nearly 700 players participated in the virtual Internet stock competition. Curt Fletcher from Las Vegas, Nevada earned first place with a monthly return of 37.62%, and runner-up Thomas Zimmerman from Lehighton, Pennsylvania achieved a total return of 36.84%. Fletcher managed to achieve a significant gain while the S&P; 500 experienced a decline of 3.21% during the same period.
The monthly internet.com Stock Challenge allows investors to create and monitor simulated portfolios of leading Internet stocks such as Yahoo (Nasdaq:YHOO), DoubleClick (Nasdaq: DCLK), Amazon (Nasdaq: AMZN) and America Online (NYSE: AOL). Participants create a virtual portfolio based on any stock listed in internet.com's InternetStockList (http://www.internetstocklist.com) which participants can buy, sell or short. The participant with the highest total percentage increase in portfolio value for the month wins the $1,500 grand prize. The runner-up receives $500. Free registration and contest information can be found at http://stockchallenge.internet.com
While the August internet.com Stock Challenge is currently in progress, participants can register for the September competition. Registration will end 11:59 pm eastern time, August 31, 1999. Trading begins on Wednesday, September 1, 1999. Players can trade at any time during the competition period, from September 1 through market close on September 30.
The internet.com Stock Challenge is part of internet.com's Internet Stocks Channel (http://www.internetstockschannel.com), the leading online source of information about Internet stocks and finance. The channel is one of nine that comprise the internet.com Network of 64 Web sites and related Internet media properties 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.
"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.