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Technology Stocks : EarthWeb IPO

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To: hui zhou who wrote (117)12/15/1998 10:17:00 AM
From: Yiota   of 177
 
EarthWeb Launches Y2KInfo

NEW YORK, Dec. 15 /PRNewswire/ -- EarthWeb (Nasdaq: EWBX) announced today the debut of Y2KInfo, a comprehensive online Year 2000 resource geared towards Information Technology (IT) professionals.
The new online service, which is located at www.y2kinfo.com, contains hundreds of Y2K resources for IT professionals such as tools, information and services. Specifically, Y2KInfo covers such topics as financial impact assessment, code remediation and
validation, Year 2000 compliance management for networks and conversion management.
In-depth coverage is also given to such issues as the Y2K impact on data storage systems, e-commerce, embedded chips, routing and security through in-depth articles by leading Y2K authorities as well as tutorials and a comprehensive library of technical publications
including journals, newsletters and whitepapers.
The Gartner Group, the leading Information Technology consulting and research firm, predicts that 30-50% of companies and government agencies worldwide will experience at least one mission critical system failure through Q1 2000. They further estimate that
44% of IT budgets will go to Year 2000 projects in 1999.
"The potential impact of the millennium bug on hardware, software and databases is recognized worldwide," said Bill Gollan, Senior Vice President, EarthWeb Inc. "With Y2KInfo we hope to offer a wide range of solutions for all levels of IT professionals, from the hands-on bug fixer to the CIO managing implementation strategies."
EarthWeb will officially launch Y2KInfo with a series of online discussion forums hosted by several distinguished Year 2000 experts and authors. The discussion leaders include Ed and Jennifer Yourdon, co-authors of "Time Bomb 2000," Bill Ulrich, co-author of "The Year 2000 Software Crisis: The Continuing Challenge," Ian Hayes, co-author of "The Year 2000 Software Crisis: The Continuing Challenge" and "The Year 2000 Software
Crisis: Challenge of the Century" and Bruce Webster, author of "The Y2K Survival Guide."
For a complete schedule of Y2KInfo forums go to y2kinfo.com.
Y2KInfo is launched in conjunction with EarthWeb's flagship enterprise site, Datamation.com.
EarthWeb Inc. is the leading provider of Internet-based online services to the Information Technology (IT) community worldwide. Through its flagship service, developer.com, and its other integrated business-to-business online services including Datamation and ITKnowledge, EarthWeb addresses the needs of IT professionals for content, community and commerce. EarthWeb is a publicly held company with headquarters in New York City.
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth, may be significantly and materially impacted by certain risks and uncertainties, including, but not limited to, failure to meet operating objectives or to execute the operating plan,
competition, and other economic factors. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
/CONTACT: Riva Syrop, Director of Marketing of EarthWeb, 212-725-6550 or
riva@earthweb.com; Doug DeLieto, General Info., Elisa Mailman, Analyst Info., or
Claudine Cornelis, Media Info., all of The Financial Relations Board, 212-661-8030/
09:03 EST
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