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Mamma.com Inc.: Announcement.

MONTREAL -- Mamma.com Inc. (the "Company"), (NASDAQ:MAMA) As the Company disclosed on April 6, 2004, the U.S. Securities and Exchange Commission is conducting an informal inquiry concerning matters related to the intense trading activity in Mamma.com's stock in March 2004 just after the release of Mamma's year end financial statement for 2003.Mamma has cooperated completely with the SEC's informal inquiry, including instructing its current directors, officers and outside auditors (PricewaterhouseCoopers) to do so as well.

Mamma's current management has pursued a sound business strategy to restructure Mamma's asset base, strengthen its balance sheet, generate positive cash flow and achieve growth both from its core business and through acquisitions.In our view, this strategy has been successful, and we expect that success to continue.Moreover, since assuming their offices, Mamma's current directors and officers have performed their duties responsibly and consistent with all applicable laws.

About Mamma.com Inc.

Mamma Media Solutions(TM) is focused on providing first-rate quality information retrieval on the Internet through its metasearch engine and is a leading provider of integrated marketing solutions to online advertisers. Mamma.com The Mother of All Search Engines(R) (www.mamma.com) is one of the most popular metasearch engines on the Internet, as it makes it easier and faster for people to find information by gathering the most relevant results from the best search engines on the Internet. Mamma Media Solutions(TM) is equally focused on being one of the leading providers of online marketing solutions to advertisers as its integrated offer includes keyword search listings, numerous sizes of graphic ad units and opt-in email marketing solutions. Mamma Media Solutions(TM) maintains a large publisher network on which it distributes search and graphic ad units for its advertisers. The Company also holds minority interests in analog integrated circuit products, and in the new media and telecommunications sectors.For more information, visit www.mammamediasolutions.com.

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.

MAMMA.COM INC. (NASDAQ:MAMA)
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Publication:Business Wire
Date:Jan 13, 2005
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