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EXHIBIT 99.1
24/7 MEDIA CLARIFIES OUTLOOK
FOR DOT.COM ADVERTISING INDUSTRY
New York -- August 1, 2000 - On August 1, 2000, 24/7 Media, Inc. CEO, David
Moore, made the following statement in an interview with Bloomberg News
reporters which was later released in an article:
o Mr. Moore commented that the slow down in online advertising spending
levels by dot.com businesses is expected to continue into the third
quarter, as previously noted by several independent third party
industry analysts.
Mr. Moore did not provide any revisions to financial analysts' expectations
regarding 24/7 Media's financial results for second or third quarters for year
2000.
Bloomberg News issued a corrected version of the article at 7:15 pm on August 1,
2000.
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This news release contains statements of a forward-looking nature relating to
the future events or the future financial results of 24/7 Media. 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 the various factors that could cause actual events or
results to differ materially from those indicated from forward-looking
statements, including the matters set forth in 24/7 Media's reports and
documents filed from time to time with the Securities and Exchange commission.
Press Contact:
Mitchell Simmons
24/7 Media
212-231-7916
[email protected]
