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New York, New York - (Cheap Web Hosting Directory) - November 12, 2008 - Search engine and media technology solutions company, Jupitermedia Corporation, has released its quarterly financial reports for the period ending September 30, 2008.

Alan M. Meckler,Chairman and CEO of Jupitermedia noted, ”In a very difficult business environment we have some significant highlights. Revenues from our JupiterimagesUnlimited royalty-free subscription offering grew over 100% for the nine months ended September 30, 2008 compared to the same period in 2007. We continue to experience significant growth from our Stockxpert.com microstock offering, both with single images and subscriptions. Our Online Media division continues to be impacted by the economy, which has put pressure on our advertising and job board sales. We have, however, made progress in reducing operating expenses, specifically with our costs of sales and general and administrative expenses. In addition, we have made additional investments in our Online Media business, with the launch of three new blogs focused on Mobile media and a new event, UGCX, which is focused on user generated content and social networks.”

Highlights for the third quarter of 2008 include:

• Revenues for the third quarter of 2008 were $31.0 million compared to revenues of $34.8 million for the same period last year.
• Loss per diluted share was $0.63 and included non-cash stock-based compensation expense, legal fees related to the recently signed stock purchase agreement with Getty Images, Inc. and the establishment of a valuation allowance on certain deferred tax assets, which totaled $0.52 per diluted share. Excluding these charges, loss per diluted share was $0.11.

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

In August 2008, Jupitermedia announced the launch of its latest image subscription offering, Photos.com Plus, available at Photos.com (www.photos.com). Photos.com Plus provides access to an image library of over 1.9 million images, including photos, illustrations, fonts, Flash files and audio, which is expected to grow by over 100,000 new images each month. This includes over 1.6 million images from Jupiterimages’ Stockxpert (www.stockxpert.com) collection. Subscriptions are available for one month, three month and one year terms, and allow subscribers to download up to 750 images per month with a monthly subscription starting at $249.95.

In September 2008, Jupitermedia announced the launch of its second new subscription offering, Jupiterimages Unlimited Plus (www.jiunlimited.com). With over 2.3 million images (and growing by over 100,000 new images per month), Jupiterimages Unlimited Plus offers one of the largest selections of both professionally created and microstock images by subscription. Jupiterimages Unlimited Plus is comprised of twelve image collections, including premium brands such as Brand X Pictures and BananaStock, popular subscription collections including Photos.com, and an additional 1.6 million value images from Stockxpert.com (Jupiterimages’ microstock collection). Jupiterimages Unlimited Plus has a variety of plans and payment options available to meet the needs of any image buyer.

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

In August 2008, Jupitermedia’s Mediabistro.com division announced the launch of three new blogs: MobileMarketingToday.Com (www.mobilemarketingtoday.com), MobileDevicesToday.com (www.mobiledevicestoday.com) and MobileAppsToday.com (www.mobileappstoday.com). These sites follow the January 2008 launch of MobileContentToday.com (www.mobilecontenttoday.com). The three new blogs are edited by Susan Schrank (Mobile Marketing), Michael Gartenberg (Mobile Devices) and Todd Ogasawara (Mobile Apps).

In October 2008, Jupitermedia’s Mediabistro.com division announced the launch of UGCX - User Generated Content and Expo (www.ugcxevent.com), to be held February 9-10, 2009 at the San Jose Convention Center in San Jose, California. UGCX recognizes the impact of user generated content and social networks on all businesses, and will bring together the people who are building these solutions and the people who are planning to add these features to their own businesses. UGCX will bring together the visionaries and innovators in creating business models, content creation, platform creation, new media and brand presence for this emerging field.

Jupitermedia Corporation (Nasdaq: JUPM, 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. 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, Web 3.0 Conference and Expo, Mobile Content and Marketing Expo and UGCX User Generated Content Conference and Expo.

To learn more, please visit: www.jupitermedia.com.

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