To: Glenn D. Rudolph who wrote (17175 ) 9/14/1998 7:42:00 PM From: Glenn D. Rudolph Respond to of 164684
INTERNET COMPANIES IN SPECIAL "IW 50" EDITION 09/14/98 -- WESTPORT, CT -- This week's edition of Mecklermedia's (Nasdaq: MECK) Internet World print publication features a special report entitled, "The IW50," focusing on the 50 top "pure-play" Internet companies, as measured by revenues. "The 50 biggest public Internet companies have had $7.7 billion in sales over the last 12 months, have lost in excess of $1 billion, and still boast a combined stock market valuation of $54 billion," said Alan M. Meckler, chairman and CEO of Mecklermedia. "Those are just some of the facts that emerge in an extensive research study being published in this week's issue of Internet World." From the perennial on-the-move America Online (a $2.6 billion company that's No. 1 in the IW50) to tiny Preview Travel (at $16 million in sales, No. 50 on Internet World's list), "The IW50" explores the financial and stock market performance of just about every up-and-coming public Internet company. "Our goal was to create a 'pure' Internet list -- a list that would be objective and data-rich without being incomprehensible," said Robert Hertzberg, Internet World's editor-in-chief. "The special edition is in line with our goal of consistently providing readers with value that goes beyond the bread-and-butter of weekly news reports." The Internet World study reveals some interesting statistics -- It may surprise few to learn who the Internet's richest executive is -- Amazon.com's Jeff Bezos. As of September 1, Mr. Bezos' stock holdings in his company gave him a net worth of $1.7 billion. Although the only billionaire on the list, virtually all of his peers in the industry are multimillionaires. Those with the closest net worth are America Online's Steve Case ($407 million), Real Network's Rob Glaser ($317 million), and Mindspring's Charles Brewer ($209 million). The study also reports that the average public company Internet CEO is 43.3 years old and owns 12% of their company. Of the 50 featured companies, only two have female CEO's -- Check Point's Deborah Triant and Exodus' Ellen Hancock. Internet World subscription information is available on-line at www.internetworld.com/subs index.html. Mecklermedia Corporation, "The Internet Media Company," based in Westport, Connecticut, is a leading provider of Internet information through its Internet World and ISPCON trade shows, Internet World weekly and Boardwatch monthly print publications, and the Internet.com network of Web sites at: www.internet.com, which provides daily news and information resources for the Internet community, as well as ISPCON.com at www.ispcon.com and Boardwatch.com at www.boardwatch.com. Mecklermedia also publishes the ISDEX, the only 100% Internet stock index featuring 50 leading companies at www.isdex.com. Mecklermedia's global presence includes Internet World trade shows and licensed publications throughout Canada, Mexico, South America, Europe, the Middle East, Africa, Asia, and Australia. Contact: Dara Tyson, Mecklermedia Voice: 203-341-2972 Email: dtyson@mecklermedia.com or Contact: Lynn Bodges, Mecklermedia Voice: 203-341-2842 Email: lbodges@mecklermedia.com