CONTACTS:
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Investors Media Media
Susan Hickey Kate Berg Stacie Leone
Jupiter Media Metrix Jupiter Media Metrix Jupiter Media Metrix
212-515-8738 917-534-6142 212-329-6031
[email protected] [email protected] [email protected]
MEDIA METRIX AND JUPITER COMMUNICATIONS COMPLETE MERGER
AND BECOME JUPITER MEDIA METRIX
Merger Creates Global Leader in Market Intelligence for the New Economy
Company will Launch Under New JMXI Ticker
NEW YORK, NY SEPT. 20, 2000 - Media Metrix, Inc. (NASDAQ: MMXI) and
Jupiter Communications, Inc. (NASDAQ: JPTR) today announced the closing of
their merger, creating Jupiter Media Metrix, the global leader in market
intelligence for the new economy. The completion of the merger follows the
approval of Jupiter Communications and Media Metrix stockholders. Jupiter
Media Metrix will begin trading on the NASDAQ National Market System under
its new symbol, JMXI, on Thursday, Sept. 21, 2000.
"Jupiter Media Metrix is poised to redefine the landscape of Internet
information services," said Tod Johnson, Jupiter Media Metrix chairman and
chief executive officer. "By combining world-class, innovative and market
leading products, services, research methodologies and people, we're
creating a platform that enables us to accelerate the development of new
products and services, efficiently reach new customers and markets, and
rapidly expand our leadership worldwide."
"We are creating a company like no other," said Gene DeRose, Jupiter
Media Metrix president and chief operating officer. "Independently, the
company's industry leading measurement data, authoritative analysis and
renowned industry events have set the standard for comprehensiveness,
innovation and thought leadership. Together, these complementary
organizations and powerful brands will create and deliver an unparalleled
portfolio of resources to support clients' critical, strategic business
decisions."
Jupiter Media Metrix will be organized around its core businesses:
measurement, analysis, intelligence and events, with an international
division focusing on the company's rapid global expansion. Five business
units - Media Metrix, AdRelevance, Jupiter Research, Jupiter Events and
Jupiter Media Metrix International - have been defined to organize these
core businesses.
Jupiter Media Metrix counts more than 1,900 companies worldwide as
clients, including leading advertising agencies, media companies,
e-commerce marketers, advertisers, technology companies, financial
institutions and consulting firms.
The new company, with more than 750 employees worldwide, is
headquartered in New York City and operates across the Americas, Asia
Pacific, Europe (as Jupiter MMXI Europe) and the Middle East.
The new Jupiter Media Metrix board of directors is composed of nine
members, including Mssrs. Johnson and DeRose, and includes former Jupiter
and Media Metrix directors.
Under the terms of the merger agreement, Jupiter Communications
stockholders received .946 shares of Jupiter Media Metrix common stock in
exchange for each share of Jupiter stock owned as of September 20, 2000,
the effective date of the merger. Jupiter and Media Metrix stockholders
will receive information relating to the exchange of their stock
certificates. The company has retained American Stock Transfer & Trust
Company as the transfer agent for its common stock.
ABOUT JUPITER MEDIA METRIX
Jupiter Media Metrix, formed by the merger of Jupiter Communications
and Media Metrix, is a global leader in market intelligence for the new
economy. The company delivers innovative and comprehensive Internet
measurement, analysis, intelligence and events to provide businesses with
unmatched global resources for understanding and profiting from the
Internet. Jupiter Media Metrix brings together world-class, innovative and
market-leading products, services, research methodologies and people.
Jupiter Media Metrix brands include Media Metrix, AdRelevance, Jupiter
Research and Jupiter Events. The Company is headquartered in New York City
and operates worldwide, across the Americas, Asia Pacific, Europe (as
Jupiter MMXI Europe), and the Middle East. Visit us at www.jmm.com for more
information.
FORWARD LOOKING STATEMENTS
This press release contains statements of a forward-looking nature
relating to future events or future financial results of Jupiter Media
Metrix, Inc. Investors are cautioned that such statements are only
predictions and that actual events or results may differ materially. In
evaluating such statements, investors should specifically consider various
factors, which could cause actual events or results to differ materially
from those indicated from such forward-looking statements, including the
matters set forth in Jupiter Media Metrix' reports and documents filed from
time to time with the Securities and Exchange Commission.
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