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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: manny t who wrote (48817)	7/7/1999 9:24:00 AM
From: SAMS BONE	Respond to of 120523

EWBX----here's the annoncement Wednesday July 7, 8:25 am Eastern Time Company Press Release SOURCE: EarthWeb Inc. EarthWeb Joins Russell 2000 Index EarthWeb Also Named Third Fastest Growing Company In Business Week's Info Tech 100 NEW YORK, July 7 /PRNewswire/ -- EarthWeb Inc. (Nasdaq: EWBX - news), the leading provider of business-to-business online services to the global information technology (IT) industry, today announced that it was added to the Russell 2000 Index, effective at the close of business June 30, 1999. ''As one of the first movers in the business-to-business Internet space, we believe our inclusion in the Russell 2000, along with other leading companies, reflects the growing significance of online business-to-business services in the global economy,'' said Jack D. Hidary, President and Chief Executive Officer of EarthWeb. ''Business Week's recent recognition of EarthWeb in its Info Tech 100 is further acknowledgement of our significant growth.'' EarthWeb serves the business-to-business IT market, which IDC and others have estimated at $40 billion and projected will grow to $62 billion by the year 2002. EarthWeb Inc. ( www.earthweb.com ) is the leading provider of business-to-business online services to the global information technology industry. Through its flagship services, earthweb.com, developer.com, datamation.com, dice.com, Supportsource.com and ITKnowledge.com, and its other integrated business-to-business online services, EarthWeb connects buyers to sellers, employers to employees, vendors to customers, and technical professionals to a wealth of expert knowledge. EarthWeb was recently ranked the third fastest growing company within Business Week's Info Tech 100. The Info Tech 100, which includes such industry leaders as Dell Computer and Cisco Systems, is Business Week's list of ''the builders of the new economy.'' 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.