JUPITERMEDIA ANNOUNCES ACQUISITION OF ESTOCKMUSIC.COM - A MICROPAYMENT MUSIC BUSINESS
(New York, NY - March 11, 2008) - Jupitermedia Corporation (Nasdaq: JUPM) today announced that it has acquired the assets of eStockMusic.com (www.estockmusic.com). This acquisition adds a micropayment music business to Jupiterimages' micropayment offerings of royalty-free digital images and footage on Stockxpert.com (www.stockxpert.com). Terms of the transaction were not disclosed.
eStockMusic.com offers an extensive library of royalty free stock music that is easily searchable and lets customers listen to the tracks before purchasing for as little as a $1.00 per track. eStockMusic.com provides an innovative platform for composers to promote and sell their music online.
"We are very excited to launch one of the first micropayment music businesses in the world," stated Alan M. Meckler, Chairman and CEO of Jupitermedia Corporation. "eStockMusic.com joins our RoyaltyFreeMusic.com, StudioCutz.com and Blue Fuse Music properties. We now offer royalty-free digital music to fit every budget and need," added Meckler.
About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM) (www.jupitermedia.com), headquartered in Darien, CT, is a leading global provider of images, news, and original information, career Web sites and events for information technology, business, media and creative professionals. Jupitermedia includes Jupiterimages, one of the leading images companies in the world with over 9.0 million images online serving creative professionals with brands like BananaStock, Workbook Stock, Brand X Pictures, FoodPix, Botanica, Nonstock, The Beauty Archive, IFA Bilderteam, Comstock Images, Creatas Images, PictureQuest, Liquid Library, Thinkstock Images, Thinkstock Footage, Bigshot Media, Goodshoot, Polka Dot Images, Stock Image, Pixland, Photos.com, Ablestock.com, PhotoObjects.net, Clipart.com, JupiterGreetings.com, AnimationFactory.com, RoyaltyFreeMusic.com, StudioCutz.com, eStockMusic.com and Stockxpert.com. The JupiterOnlineMedia division of Jupitermedia consists of five distinct online networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and mediabistro.com and Graphics.com for media and creative professionals. These networks include more than 150 Web sites and over 150 email newsletters that are viewed by over 15 million users monthly. JupiterOnlineMedia also includes specialized career Web sites for select professional communities which can be found on mediabistro.com and JustTechJobs.com. In addition, JupiterOnlineMedia includes JupiterEvents and mediabistro.com's media-related events, which produce offline conferences and trade shows focused on IT and business-specific topics including ISPCON, Linked Data Planet, Mobile Content Strategies and Mediabistro Circus.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release which are not historical facts are "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example, the competitive environment in which Jupitermedia competes; the unpredictability of Jupitermedia's future revenues, expenses, cash flows and stock price; Jupitermedia's ability to integrate acquired businesses, products and personnel into its existing businesses; Jupitermedia's ability to protect its intellectual property; and Jupitermedia's dependence on a limited number of advertisers. For a more detailed discussion of such risks and uncertainties, refer to Jupitermedia's reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934. The forward-looking statements included herein are made as of the date of this press release, and Jupitermedia assumes no obligation to update the forward-looking statements after the date hereof.
VP of Marketing
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