|
|
|
|
INTERNET.COM FILES REGISTRATION STATEMENT FOR A FOLLOW-ON PUBLIC OFFERING OF COMMON STOCK
(Darien, CT--December 1, 1999)-- internet.com Corporation (Nasdaq: INTM) today announced that is has filed a registration statement with the Securities and Exchange Commission relating to a proposed follow-on public offering of common stock. Of the 3,750,000 shares to be sold in the offering, 1,750,000 shares are being sold by internet.com and 2,000,000 shares are being sold by Penton Media, Inc., a stockholder of internet.com. The underwriters have been granted an option for a period of 30 days to purchase up to 562,500 additional shares of common stock from Penton Media to cover over-allotments, if any. Net proceeds will be used primarily for potential strategic acquisitions, venture capital investments and general corporate purposes. Hambrecht & Quist LLC, Robertson Stephens and U.S. Bancorp Piper Jaffray Inc. will manage the underwriting group.internet.com Corporation, based in Darien, 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 84 Web sites, 70 e-mail newsletters, 101 online discussion forums and 73 moderated e-mail discussion lists with 2 million unique visitors that generate more than 80 million page views monthly. Total "views", which include Web site page views, e-mail newsletter views and e-mail discussion list views, are now over 140 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Canada, China, France, Germany, Israel, Japan, South Africa and the United Kingdom. In addition, internet.com with its related internet.com Venture Fund I and Venture Fund II is an investor in a growing number of business-to-business content sites and related Internet media properties.
When available, a copy of the preliminary prospectus relating to the offering may be obtained from Hambrecht & Quist LLC, Attention: Prospectus Department, One Bush Street, San Francisco, CA 94104, Robertson Stephens, 555 California Street, Suite 2600, San Francisco, CA 94104 or from U.S. Bancorp Piper Jaffray Inc., 222 South Ninth Street, Minneapolis, MN 55402.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
For more information, contact Alan M. Meckler at internet.com, 23 Old Kings Highway South, Darien, CT 06820; (203) 662-2800; Fax: (203) 655-4686; info@internet.com.
"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, when available.
All current internet.com Corp. press releases can be found on the World Wide Web at http://www.internet.com/corporate/press.html.
