Jupitermedia Corporation Reports Results For Its First Quarter Ended March 31, 2008

New York, NY, May 08, 2008. Jupitermedia Corporation (Nasdaq: JUPM) today reported results for the quarter ended March 31, 2008.

Highlights for the first quarter of 2008 include:

• Revenues for the first quarter of 2008 were $34.5 million compared to revenues of $34.8 million for the same period last year.
• Loss per diluted share was $0.03 and included non-cash stock-based compensation expense and one-time expenses for accounting and other professional fees related to the non-cash impairment charge and restatement in the fourth quarter of 2007, which totaled $0.02 per diluted share. Excluding these non-cash and one-time charges, loss per diluted share was $0.01 and EBITDA was $6.1 million for the first quarter of 2008.
• Deferred revenues increased from $15.6 million at December 31, 2007 to $16.6 million at March 31, 2008 due primarily to the increase in bookings for our JupiterimagesUnlimited high level subscription offering.

"Revenues from our JupiterimagesUnlimited high level royalty-free subscription offering grew over 100% from the first quarter of 2007 to the first quarter of 2008. We are also starting to see significant growth from our recently launched Stockxpert.com microstock subscription offering. Our backlog for both JupiterimagesUnlimited and our microstock subscription offering continues to increase which bodes well for future revenues," stated Jupitermedia's Chairman and CEO Alan M. Meckler. "We have also made additional investments in our Online Media business, with the launch of an array of online education offerings and new editorial Web sites."

 

Jupitermedia Corporation 1st Quarter 2008 Financial Results Conference Call Alert

Jupitermedia Corporation invites you to participate in its conference call reviewing 2008 first quarter results on Friday, May 9, 2008 at 11:00 am EST.

The conference call number is (888) 277-7046 for domestic participants and (913) 981-4903 for international participants; pass code "880 0614". Please call five minutes in advance to ensure that you are connected prior to the presentation. The conference call replay will be available until Friday, May 23, 2008. Replay call numbers are (888) 203-1112 for domestic participants and (719) 457-0820 for international participants: pass code: "880 0614."

 

Acquisitions
In March 2008, Jupitermedia announced that it had acquired the assets of eStockMusic.com (www.estockmusic.com). This acquisition adds a micropayment music business to Jupiterimages' micropayment offerings of royalty-free digital images and footage on Stockxpert.com (www.stockxpert.com). eStockMusic.com offers an extensive library of royalty-free stock music and sound effects that is easily searchable and lets customers listen to the tracks before purchasing for as little as $1.00 per track. eStockMusic.com provides an innovative platform for composers to promote and sell their music online.

 

New Online Images Offerings
Jupitermedia continued to expand and strengthen its world-class proprietary Jupiterimages offerings with the addition of the following:

In February 2008, Jupitermedia announced that Stockxpert.com has expanded its product offerings and now includes premium royalty-free footage which is available in the most popular file resolutions and file formats and at prices to fit all budgets. File formats include both standard and high definition video as well as Flash video to appeal to Web designers. Stockxpert.com now enables footage buyers to purchase the clips they need for their creative projects for as little as $10 at the lowest resolution to $50 for 1080 HD. Stockxpert.com's powerful footage search engine with 16 search categories and over 150 sub-categories makes finding the right clip fast and easy. Stockxpert.com offers one of the fastest and easiest ways to upload files and encourages members of the creative community to submit their footage for consideration to be sold on the site.

In April 2008, Jupitermedia announced the launch of ClipartConnection.com (www.clipartconnection.com), a new subscription service that provides access to a library of over 1 million clipart images, Web graphics and illustrations. Subscriptions are available for one week, one month and one year, and allow subscribers to download up to 250 images per day with a weekly subscription starting at only $4.95. ClipartConnection.com subscribers can use the extensive library for presentations, brochures, scrapbooking, business and personal Web sites, school and community projects and many other purposes. ClipartConnection.com serves as an affordable entry alternative to Jupiterimages' Clipart.com (www.clipart.com), which is the largest image subscription service world-wide, with more than 10.0 million clipart images, stock photos, Web graphics, illustrations, vinyl ready graphics, fonts, sound files and more.

 

New Online Media Offerings
Jupitermedia continued to expand and strengthen its world-class proprietary content and advertising opportunities with the addition of the following:

In February 2008, Jupitermedia's Mediabistro.com division announced the launch of the Mediabistro Circus (www.mediabistrocircus.com), to be held at Skylight Studios in New York City on May 20-21, 2008. Mediabistro Circus, will be a two-day summit on technology and the critical platforms changing the flow of media. It will be a gathering of creative content producers geared toward senior-level professionals. Topics will include mobile technology, online video, social networking, blogging, digital publishing and user experience design.

In February 2008, Jupitermedia launched ITChannelPlanet.com (www.itchannelplanet.com), a new content and community site that provides strategic intelligence for IT partners. This site features the latest industry developments in the Channel, Business, Enterprise, Networking, Security and Technology sectors, as well as a blog, commentary and IT Job boards.

In February 2008, Jupitermedia launched Linked Data Planet Conference and Expo (www.linkeddataplanet.com), which will be held June 17-18, 2008 at the Roosevelt Hotel in New York City. Sir Tim Berners-Lee is scheduled to deliver the keynote address at the event which focuses on how organizations can maximize the value of their data on the Web.

In February 2008, Jupitermedia launched two new Web sites covering the emerging mobile content market, Mobile Content Today (www.mobilecontenttoday.com), a blog edited by Susan Schrank and found on Mediabistro.com, and Smart Phone Today (www.smartphonetoday.com) on internet.com.  Jupitermedia also announced the launch of Mobile Content Strategies Conference and Expo (www.mobilecontentstrategies.com), which will be held on October 6-7, 2008 at the San Jose Marriott in San Jose, California.

 

 

About Jupitermedia Corporation

Jupitermedia Corporation (Nasdaq: JUPM, http://www.jupitermedia.com), headquartered in Darien, CT, is a leading global provider of images, news and original information, career Web sites and events for information technology, business, media and creative professionals. Jupitermedia includes Jupiterimages, one of the leading images companies in the world with over 10.0 million images online serving creative professionals with brands like BananaStock, Workbook Stock, Brand X Pictures, FoodPix, Botanica, Nonstock, The Beauty Archive, IFA Bilderteam, Comstock Images, Creatas Images, PictureQuest, Liquid Library, Thinkstock Images, Thinkstock Footage, Bigshot Media, Goodshoot, Polka Dot Images, Stock Image, Pixland, Photos.com, Ablestock.com, PhotoObjects.net, Clipart.com, JupiterGreetings.com, AnimationFactory.com, RoyaltyFreeMusic.com, StudioCutz.com, eStockMusic.com and Stockxpert.com. The JupiterOnlineMedia division of Jupitermedia consists of five distinct online networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and Mediabistro.com and Graphics.com for media and creative professionals. These networks include more than 150 Web sites and over 150 e-mail newsletters that are viewed by over 15 million users monthly. JupiterOnlineMedia also includes specialized career Web sites for select professional communities which can be found on Mediabistro.com and JustTechJobs.com. In addition, JupiterOnlineMedia includes JupiterEvents and Mediabistro’s media-related events, which produce offline conferences and trade shows focused on IT and business-specific topics including ISPCON, Mediabistro Circus, Linked Data Planet and Mobile Content Strategies.