|
|
|
INTERNET.COM ANNOUNCES AUGUST INTERNET STOCK CHALLENGE WINNERS; WINNER RACKS UP 55.33% ONE MONTH RETURN
(WESTPORT, CT - September 10, 1999) - internet.com (Nasdaq: INTM), The E-Business and Internet Technology Network, today announced the winners of August's internet.com Stock Challenge. Shane Matthews from Redwood City, California earned first place with a monthly return of 55.33%, and runner-up Michael Paris from West Hollywood, California achieved a total return of 54.81%. Nearly 1,400 players participated in the virtual Internet stock competition."Since its inception, internet.com Stock Challenge winners have consistently surpassed in performance the numbers achieved by the winners in the monthly Wall Street Journal stock selection contest," said internet.com chairman and CEO Alan M.Meckler. "This is an interesting and newsworthy story that the business press has missed."
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 September internet.com Stock Challenge is currently in progress, participants can register for the October competition. Registration will end 11:59 pm eastern time, September 30, 1999. Trading begins on Friday, October 1, 1999. Players can trade at any time during the competition period, from October 1 through market close on October 31.
The internet.com Stock Challenge is part of internet.com's Internet Stocks Channel (http://www.internetstockschannel.com), a leading online source for information about Internet stocks and finance. The channel is one of nine that comprise the internet.com Network of 65 Web sites and related Internet media properties that generates over 50 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:
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.