Jupitermedia Corporation Reports Results for Its Fourth Quarter Ended December 31, 2006.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Jupitermedia Corporation (Nasdaq: JUPM) today reported results for the quarter ended December 31, 2006 Highlights for the year 2006 include: * Revenues grew 21% to $137.5 million. * Net income was $13.1 million, or $0.36 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share. Net income for 2006 included a gain of $5.6 million, net of income taxes, related to the sale of Jupitermedia's research business. * Earnings per diluted share from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the were $0.21 and included non-cash stock-based compensation expense of $0.06. Highlights for the fourth quarter of 2006 include: * Revenues for the fourth quarter of 2006 were $34.8 million compared to revenues of $33.2 million for the same period last year, an increase of 5%. * Earnings per diluted share from continuing operations were $0.02 and included non-cash stock-based compensation expense, legal and other fees associated with discussions with Getty Images, Inc. regarding a potential transaction which were terminated on March 7, 2007 and one-time charges for severance, legal fees, non-cash venture investment writedowns and professional fees associated with abandoned potential acquisitions which totaled $0.03 per diluted share. "Our financial results for the year ended December 31, 2006 included record revenues. We have been emphasizing the development of our Jupiterimages division and have made significant investments in our image production, technology platforms and direct sales teams during the year," stated Jupitermedia's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Alan M. Meckler. "At the same time, we have made progress in integrating our many recent image acquisitions. In addition to the expansion of our image offerings, we have continued to increase our wholly-owned royalty-free music offerings. In the fourth quarter we started making investments in our Media business, with the launch of several new IT Web sites and companion trade shows. In addition, we recently announced the acquisition of the remaining 50.1% interest in the ISPCON ISPCON Internet Service Provider Convention (The Golden Group, Inc.) trade shows and the acquisition of JustTechJobs.com, which is a natural e-commerce offering for our Online Media business audience of over 20 million unique users," added Meckler. Jupitermedia Corporation 4th Quarter 2006 Financial Results Conference Call Alert Jupitermedia Corporation invites you to participate in its conference call reviewing 2006 fourth quarter results on Thursday, March 15, 2007 at 11:00 am EST EST electroshock therapy. EST abbr. electroshock therapy . The conference call number is (800) 378-9344 for domestic participants and (913) 643-4204 for international participants; pass code "289 1428." Please call five minutes in advance to ensure that you are connected prior to the presentation. The conference call replay will be available until Friday, March 29, 2007. Replay call numbers are (888) 203-1112 for domestic participants and (719) 457-0820 for international participants: pass code: "289 1428." Acquisitions In October 2006, Jupitermedia announced that its Jupiterimages division acquired all of the shares of Cover - Imagen y Publicaciones, S.L. (www.cover.es). With offices in Barcelona and Madrid, Cover Images is a leading agency focused on the distribution of local and international rights-managed images. Terms of this acquisition were not disclosed. In December 2006, Jupitermedia announced the acquisition of controlling ownership in HAAP HAAP Hispanic AIDS Awareness Program HAAP Historical Abuse Appeal Panel HAAP Homebase/Advanced Assignment Program HAAP Hugus Alfalfa & Arab Pintos HAAP Hispanic Academic Achievement Program HAAP High Altitude Aeronautical Platform HAAP Hawthorne Army Ammunition Plant Media Ltd. having increased its ownership position from an initial 49.7% equity investment made in January 2006 to 90% in HAAP Media Ltd. Based in Budapest, Hungary, HAAP Media operates Stockxpert.com (www.stockxpert.com), a micropayment An electronic commerce transaction of very low value. It may refer to charging just a few cents or even a fraction of a cent for a transaction such as an information lookup. It may also refer to aggregating several small-value purchases and charging a credit card at the end of the day or stock photo Web site, and Stock.xchng (www.sxc.hu), a stock photo community Web site. Financial terms of this transaction were not disclosed. In December 2006, Jupitermedia announced the acquisition of JustTechJobs.com (http://www.justtechjobs.com/), an online tech job site. JustTechJobs.com has selected the leading technologies in the IT industry and has created separate vertically focused Web sites dedicated exclusively to each. This niched approach gives JustTechJobs.com the unique ability to get the right job postings directly to the right technology professionals. Terms of this acquisition were not disclosed. In January 2007, Jupitermedia announced that its Jupiterimages division acquired the assets of StudioCutz.com (www.studiocutz.com) and BlueFuseMusic.com (www.bluefusemusic.com) from Mediatone Music, Inc. Also included in the transaction were the assets of NoiseFuel.com (imaging elements & sound effects sound effects Noun, pl sounds artificially produced to make a play, esp. a radio play, more realistic sound effects npl → efectos mpl sonoros , www.noisefuel.com) and MediaMusicLoops.com (www.mediamusicloops.com). These sites include a music library of over 2,600 wholly-owned tracks of high quality royalty free music Royalty-free music commonly refers to stock or 'library music' licensed for a single fee, without the need to pay any subsequent royalties. How it works There are many applications for which music must be licensed, such as for use in video and multimedia production, but and 5,500 sound effects. Terms of this acquisition were not disclosed. In January 2007, Jupitermedia announced that it acquired the remaining 50.1% interest in the two annual ISPCON trade shows as well as 100% of the INBOX trade shows from The Golden Group I, Inc. Jupitermedia now owns 100% of these properties, up from the 49.9% interest in ISPCON held prior to the transaction. Financial terms of this transaction were not disclosed. Divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). and Discontinued Operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. In March 2006, Jupitermedia sold its JupiterResearch division for $10.1 million in cash and the assumption of certain liabilities by the purchaser, subject to certain post-closing adjustments. The purchaser is JupiterResearch, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control a subsidiary of JupiterKagan, Inc., which is a portfolio company of MCG mcg microgram. mcg abbr. microgram mcg microgram. mcg Microgram, see there; the preferred written abbreviation is µg Capital Corporation (Nasdaq: MCGC MCGC MCG Capital Corporation MCGC Michigan Color Guard Circuit MCGC Malaysia Cocoa Growers Council ). As a result of this sale, Jupitermedia's Research segment is now being presented as a discontinued operation discontinued operation A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations. in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with Statement of Financial Accounting Standards No. 144. New Online Images Offerings Jupitermedia continued to expand and strengthen its world-class proprietary Jupiterimages offerings with the addition of the following: In October 2006, Jupitermedia announced the launch of JupiterGreetings.com, a new paid subscription service for animated online greeting cards See e-card. , 3D films and cartoons, online photo albums and more. By combining some of the 400,000 high-quality 3D animations and movies from Animation Factory (www.animationfactory.com) with music and sound effects from RoyaltyFreeMusic.com (www.royaltyfreemusic.com), Jupiterimages has efficiently and rapidly created a new line of business. In February 2007, Jupitermedia announced the launch of RoyaltyFreeMusic.com's (www.royaltyfreemusic.com) subscription service, which provides subscribers with access to its entire wholly-owned library of over 6,000 music tracks and more than 10,000 sound effects. Subscriptions are available for one month and one year, allowing subscribers to download up to 90 tracks and 300 sound effects per month. Benefits to subscribers include access to brand new tracks and sound effects added monthly, and the convenience of never having to deal with ongoing licensing fees for their projects. New Online Media Offerings Jupitermedia continued to expand and strengthen its world-class proprietary content and advertising opportunities with the addition of the following: In October 2006, Jupitermedia announced the launch of internetnews.com podcasts (www.internetnews.com/podcasts), a series of Web-based audio "newscasts" covering the hottest stories in the enterprise IT and Internet technology sectors. Weekly topics include breaking news on: Linux and Open Source; Enterprise Software; Chips, Processors and Hardware; Storage; and leading IT companies such as Microsoft, Sun, Oracle and Google, as reported by internetnews.com's beat reporters and experts. The podcasts are free of charge. In December 2006, Jupitermedia announced the launch of bITaPlanet.com (www.bitaplanet.com) and a related conference dedicated to business IT alignment. bITaPlanet.com and the bITa USA 2007 conference (www.bitausa.com) cover the emerging field of business IT alignment to help senior IT managers keep their technology working toward their company's business objectives covering: compliance, Sarbanes-Oxley, IT governance, ITIL (Information Technology Infrastructure Library, www.itil.co.uk) One of the more comprehensive as well as non-proprietary and publicly available sets of guidelines for "best practice" IT services management, owned by the British Office of Government Commerce (OGC). (IT Infrastructure Library) and business optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. . The bITa USA 2007 Conference (to be held in Boston in May 2007) is being produced by Jupitermedia in conjunction with the bITa Center, an international organization that produces conferences on business IT alignment. In February 2007, Jupitermedia announced its new Web Video Summit tradeshow (www.webvideosummit.com) will be held June 27-28, 2007 at the San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. Marriott in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . The conference will serve those who create and distribute video over the Web, with industry expert Dave Burstein chairing the program. In March 2007, Jupitermedia announced the launch of WebVideoUniverse.com (www.webvideouniverse.com), a Web site focused on shooting, editing and distributing video over the Web. WebVideoUniverse.com includes comprehensive coverage of this emerging vertical market with sections including: Filming, Editing/Encoding, Distributing, Marketing/Promotion, Resources and Discussion, and is part of internet.com's IT channel. [TABLE OMITTED] Segment Information The following tables summarize sum·ma·rize intr. & tr.v. sum·ma·rized, sum·ma·riz·ing, sum·ma·riz·es To make a summary or make a summary of. sum the results of the segments of Jupitermedia for the three months and years ended December 31, 2005 and 2006. Online images consists of the Jupiterimages business that includes: BananaStock, Workbook work·book n. 1. A booklet containing problems and exercises that a student may work directly on the pages. 2. A manual containing operating instructions, as for an appliance or machine. 3. Stock, Brand X Pictures, FoodPix, Botanica bo·tan·i·ca n. A shop that sells herbs, charms, and other religious or spiritual items, especially those associated with Santeria. [American Spanish botánica, from Greek , Nonstock, The Beauty Archive, IFA Immunofluorescent assay (IFA) A blood test sometimes used to confirm ELISA results instead of using the Western blotting. In an IFA test, HIV antigen is mixed with a fluorescent compound and then with a sample of the patient's blood. Bilderteam, Comstock Images, Creatas Images, PictureQuest, Liquid Library, Thinkstock Images, Thinkstock Footage, Bigshot Media, Goodshoot, ITStockFree, Stock Image, Pixland, Photos.com, Ablestock.com, Clipart.com, PhotoObjects.net, FlashFoundry.com, AnimationFactory.com, RoyaltyFreeMusic.com, Stockxpert.com and JupiterGreetings.com. Online media consists of the internet.com online division that includes the internet.com, EarthWeb.com, DevX.com and Graphics.com Networks. Other includes corporate overhead, depreciation and amortization. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] Business Outlook Jupitermedia's financial guidance is prepared in accordance with accounting principles generally accepted in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . Historical results below have been adjusted to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" this presentation. The amounts below reflect the preliminary allocation of the purchase prices paid by Jupitermedia in connection with its recent acquisitions and are subject to change pending a final allocation of these amounts. The following forward looking-statements reflect Jupitermedia's expectations as of March 14, 2007. Due to potential changes in general economic conditions and the various other risk factors discussed below and in Jupitermedia's reports filed with the Securities and Exchange Commission from time to time, actual results may differ materially. Jupitermedia intends to continue its practice of not updating forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. until its next quarterly results announcement, other than in publicly available statements. Future Expectations [TABLE OMITTED] [TABLE OMITTED] About Jupitermedia Corporation Jupitermedia Corporation (Nasdaq: JUPM, http://www.jupitermedia.com/), headquartered in Darien, CT, is a leading global provider of images, original information and events for information technology, business and creative professionals. Jupitermedia includes Jupiterimages, one of the leading images companies in the world with over 7.0 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, ITStockFree, Stock Image, Pixland, Photos.com, Ablestock.com, PhotoObjects.net, Clipart.com, FlashFoundry.com, Stockxpert.com, AnimationFactory.com, RoyaltyFreeMusic.com, StudioCutz.com and JupiterGreetings.com. The media segment of Jupitermedia consists of the internet.com online division, which operates four distinct networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and Graphics.com for creative professionals. The internet.com online division includes more than 150 Web sites and over 150 e-mail newsletters that are viewed by over 20 million users and generate over 350 million page views monthly. In addition, the media segment includes internet.com events, which produces offline conferences and trade shows focused on IT and business-specific topics including ISPCON, INBOX, bITa USA and Web Video Summit. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . All current Jupitermedia press releases can be found online at www.jupitermedia.com/corporate/press.html. |
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