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Atlanta, Georgia - (Cheap Web Hosting Directory) - November 30, 2005 - Shared web hosting company, Interland, has signed a definitive agreement to purchase various assets from Web Internet, LLC (Web.com) and Web Service Company Inc. including the domain name Web.com, its trademark rights and associated intangible assets.

According to Interland, tThe deal is also expected to include approximately 9,000 web hosting accounts and an accredited registrar. The total cost of the transaction is approximately $4.4 million in cash, restricted stock and assumed liabilities. Roughly half of the consideration consists of assumed debt in the form of a low interest 3% loan payable over three years.

Jeff Stibel, President and CEO, Interland commented on the acquisition, ”Web.com is one of the leading brand names on the Internet and resonates with virtually everyone. This strategic acquisition gives us a valuable marketing and positioning vehicle for our services and brings tremendous visibility and direct navigation traffic which is expected to drive organic growth moving forward. To many individuals, the domain Web.com is synonymous with the Internet and websites.”

Along with the domain name, Interland will also be purchasing Web.com’s trademarks, registrar business and approximately 9,000 consumer web hosting accounts which would be expected to add roughly $900K in annual hosting revenues. Interland expects to close the transaction before the end of the year and intends to integrate Web.com’s offering and customers within Interland’s infrastructure. Web.com CEO, Will Pemble, will join Interland as an Executive Vice President and will focus on building Web.com’s consumer and registrar business.

According to Will Pemble, CEO of Web.com, ”With the product, patent and market strength of Interland, Web.com has the potential to become one of the most valuable sites online. Web.com and Interland share the same vision of providing everyone with the ability to build and market a successful website. I have watched over the past few months as Interland has transitioned into a powerful website company and look forward to working with and contributing to the impressive new management team.”

To learn more about Interland, please visit: www.interland.com.

For further information on Web.com, please visit: www.web.com.

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