Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 30, 2000

internet.com Corporation (Nasdaq: INTM), the Internet Industry Portal, today reported record results for the quarter ended September 30, 2000. Revenues for the third quarter of 2000 increased to $14.7 million, a 258% increase over revenues of $4.1 million for the same period last year. Net income for the third quarter, excluding amortization of intangibles and realized loss on investments, was $1.1 million, or $0.04 per share, compared to a net loss of $910,000, or $0.04 per share, for the same period last year. Reflected in net income is a $409,000 benefit from the adoption of EITF 00-2: "Accounting for Web Site Development Costs", partially offset by $390,000 in equity losses on venture fund investments that were recorded during the third quarter. Including amortization of intangibles and realized loss on investments, net loss for the third quarter ended September 30, 2000 was $5.8 million, or $0.23 per share.

"We are pleased with our continued growth, both in top-line revenues and in bottom-line cash earnings. Our diversified revenue streams -- advertising, e-commerce, opt-in e-mail list rentals, seminars, paid subscriptions, press release services, licensing and venture capital -- have all contributed to these outstanding results," stated internet.com Chairman and CEO Alan M. Meckler. "Through a successful combination of acquisitions, organic growth, partnerships and joint ventures, internet.com has built a leading, global network of vertical business-to-business (B2B) Web sites and related Internet media properties. Over 3.0 million Internet professionals worldwide now depend on our content, community, and commerce services for news and information resources to assist them in their professional work and purchasing decisions. Our treasury, with over $67 million in cash as of September 30, 2000, coupled with our cash flow positive operating model, leaves us well positioned to capitalize on market opportunities to continue our growth and to maximize shareholder value," added Meckler.

Acquisitions

internet.com continued to pursue strategic acquisitions to strengthen its content offerings and services. During the third quarter, internet.com acquired the ClickZ Network of Web sites (www.clickz.com) and related Internet advertising and marketing properties and the ClickZ conferences. The consideration for this acquisition totaled approximately $16.0 million through a combination of $10.0 million in cash and approximately $6.0 million in restricted common stock, with additional cash and restricted common stock consideration to be paid based on, and subject to, future performance. ClickZ.com, with a staff of over 25 employees and freelancers, has built a solid reputation throughout the industry and the world as a leading resource for news and analysis about the online marketing and advertising industries. The ClickZ Network is an ideal fit with internet.com's other Internet marketing resources, including ChannelSeven.com, AdResource.com and the Internet Advertising Report.

In October, internet.com also announced the acquisition of PracticallyNetworked.com, a leading site for information for small network builders.

New Content Areas and Services

During the third quarter, internet.com continued to expand and strengthen its world-class proprietary content offerings and services with the launch of the following internally developed sites:

-- AllLinuxDevices.com (The Ultimate Resource for Embedded Linux Information)

-- ASP.thelist.com (The Definitive ASP Buyer's Guide)

-- ASP-Lists.com (The ASP E-mail Discussion List Community)

-- ConsoleWire.com (the online resource for next-generation Internet-enabled
consoles and the technology that drives them)

-- EnterpriseLinuxToday.com (designed for professionals interested in Linux in
the enterprise-combines news, contributions from industry leaders and case
studies)

-- InternetCareerResources.com (for the Internet job seeker or established
dotcommer who wants information on how to find, apply for, get and succeed at a
dotcom job)

-- InternetPRGuide.com (offers public relations tips and strategy for Internet
professionals on PR topics such as press release writing, distribution and
trade shows)

-- MutualFundsCentral.com (provides timely intelligence for mutual fund
investors)

In addition, internet.com continued its regional expansion initiatives with the launch of three new bureaus to cover the thriving Internet market and community in the greater Chicago area, the greater Miami area (also serving as a gateway to Latin America), and in Phoenix, to serve the Southwest. The sites are available at Chicago.internet.com, Miami.internet.com and Phoenix.internet.com. The company plans to roll out several other bureaus in coming months.

E-Commerce Agreements, Licensing and Alliances

internet.com continued to expand its e-commerce relationships, adding new agreements with many of the Internet's well-known brands. Additional partners added during the third quarter included: Acadio.com, Ankura.com, Business eTouch, CareerEngine Solutions, eJigsaw.com, ePay4itOnline.com, Everyone.net, GoTo.com, iAnswers.com, InsightExpress.com, Newmediary.com, PENgroup.com, SpotOn.com, TeamOn.com, TellSoft.com, The PDA Group, UpTilt.com and Web2Mobile.com. internet.com works with its commerce partners to increase their traffic, generate additional revenue and support their brands. Also announced were licensing deals with MercerPartners.com, NeedBandwidth.com, AudioBasket.com and Espial.com.

In July, internet.com and Penton Media jointly announced that the companies have extended their cooperative services alliance through November 2003. The two companies had a prior promotional alliance as part of the November 1998 purchase of Mecklermedia by Penton Media and the subsequent spin-off of internet.com. Under the terms of the alliance, both companies will continue to receive, without cost, valuable promotion through each other's global business-to-business media properties.

International Expansion

We continued to expand our strong global presence with the development of English and non-English language Internet media properties. During the quarter, internet.com launched "ISPWatch.com.au," Australia's first Internet news Web site specifically targeted at Australia's fast-growing Internet service provider industry. ISPWatch.com.au will give ISPs and ASPs an important new weapon in the race to stay abreast of developments in the highly dynamic market in which they compete. internet.com further expanded its international reach by launching editions in Hong Kong, Italy, Korea, Singapore and Turkey.

internet.com's global network of Web Sites now consists of 22 international properties for Arabia, Asia, Australia, Belgium, Canada, China, Espanol, France, Germany, Hong Kong, India, Israel, Italy, Japan, Korea, The Netherlands, New Zealand, Singapore, South Africa, Taiwan, Turkey and the United Kingdom. Each international property delivers Internet industry content and coverage in the primary local language by "on the ground" local journalists in their respective regions, as well as relevant content from the North American edition. Each property follows internet.com's vertical channel approach, with content-specific channels covering the entire Internet industry.

Seminars and InternetBreakfastForums

internet.com runs paid seminars on Internet-specific topics that are aligned with certain of our Web sites. internet.com offered six paid seminars in the third quarter, each focusing on a different issue pertaining to the Internet industry; seminar topics included Wireless Internet Devices, Affiliate Solutions, Web Development, B2B E-mail Strategies (a ClickZ conference), Search Engine Strategies and Bot Technology.

During the third quarter, internet.com also launched InternetBreakfastForums dealing with Internet industry and venture capital topics in each of the cities in which it has news bureaus in the United States, as well as overseas where internet.com has international editions. Each of these InternetBreakfastForums will be held at least monthly. All internet.com InternetBreakfastForums are free to Internet industry professionals and the press. Revenues are generated from sponsorships and table top exhibitions. "As the Internet Industry Portal, internet.com has become the center of Internet industry information online," stated Meckler. "Now we will be the leaders in the offline seminar area for the Internet industry as well and we will do this by using the power of our network of worldwide Web sites to promote these events in an efficient manner," added Meckler.

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