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To: zx who wrote (1593)	5/1/1999 10:24:00 AM
From: zx	Respond to of 2341

24/7 Media, Inc. Completes Follow-on Common Stock Offering NEW YORK, April 28, 1999 - 24/7 Media, Inc. (NASDAQ:TFSM) today announced that it has completed a public offering of 3,500,000 shares of the Company's Common Stock at $46, of which 2,339,000 shares were sold by the Company, and 1,161,000 were sold by existing stockholders. The follow-on public offering was managed by an underwriting group led by Merrill Lynch & Co.; Allen & Company Incorporated, CIBC World Markets, J.P. Morgan & Co., Paine Webber Incorporated and Wit Capital Corporation were co-managers of the offering. In addition, the Company has granted the underwriters an option to purchase an additional 525,000 shares of common stock to cover over-allotments, if any. A copy of the final prospectus relating to the offering may be obtained from Merrill Lynch, Pierce Fenner & Smith Incorporated, 44B Colonial Drive, Piscataway, New Jersey Analyst Coverage Merrill Lynch Henry Blodget J.P. Morgan Susan Walker White First Analysis Paul Kleinaitis