Highlights for the first quarter include:

* Revenues for the first quarter of 2006 were $33.9 million compared to revenues of $19.7 million for the same period last year, an increase of 72%.
* EBITDA grew 24% to $8.6 million. The results of the first quarter of 2006 include non-cash stock-based compensation expense of $761,000.
* Earnings per diluted share from continuing operations were $0.08 and included stock-based compensation expense of $0.01.

As a result of the sale of the JupiterResearch business, these financial results reflect Jupitermedia's Research segment as a discontinued operation in accordance with Statement of Financial Accounting Standards No. 144. Prior year financial results have been presented to reflect Jupitermedia's Research segment as a discontinued operation.

"Our financial results for the first quarter showed improvement over the same quarter in the prior year with significant increases in revenue and EBITDA" stated Jupitermedia's Chairman and CEO Alan M. Meckler. "We have been emphasizing the development of our Jupiterimages division and the sale of the JupiterResearch business is further evidence of Jupitermedia's strategy to be primarily focused on our rapidly growing digital asset collections. Jupitermedia continues to grow as a powerful creator and distributor of a wide range of commercial images and digital content. In addition to the expansion of our image offerings, through several acquisitions we increased our wholly-owned royalty-free music offerings during the quarter. In the meantime we continue to evolve as a company making positive financial progress not only with Jupiterimages, but with our JupiterWeb division as well," added Meckler.

Jupitermedia Corporation 1st Quarter 2006 Financial Results Conference Call Alert
Jupitermedia Corporation invites you to participate in its conference call reviewing 2006 first quarter results on Wednesday, May 10, 2006 at 11:00 am EST.

The conference call number is (800) 946-0785 for domestic participants and (719) 457-2661 for international participants; pass code "984 6690." Please call five minutes in advance to ensure that you are connected prior to the presentation. The conference call replay will be available until Wednesday, May 24, 2006. Replay call numbers are (888) 203-1112 for domestic participants and (719) 457-0820 for international participants: pass code: "984 6690."

Acquisitions

* In January 2006, Jupitermedia purchased a 49.7% equity investment in HAAP Media Ltd., based in Budapest, Hungary. HAAP Media operates two stock photo related Web sites: Stock.xchng (www.sxc.hu) and Stockxpert.com (www.stockxpert.com). Financial terms of the transaction were not disclosed.

* In February 2006, Jupitermedia acquired all of the shares of Stock Image S.A.S (www.stockimage.fr) for approximately U.S. $11.1 million in cash. Located in Paris, France, Stock Image is a leading resource for rights-managed images through its Stock Image brand and royalty-free images through its Pixland (www.pixland.fr) brand.

* In February 2006, Jupitermedia acquired the assets of The Beauty Archive (www.thebeautyarchive.com). The Beauty Archive is a leading provider of rights-managed images for business users and creative professionals in the editorial, advertising and design industries. Terms of the acquisition were not disclosed.

* In March 2006, Jupitermedia acquired the assets of Crank City Music, which includes a wholly-owned music library of over 1,300 royalty-free music tracks and its Web site (www.crankcity.com). Crank City Music provides royalty-free CD collections in a variety of themes and styles for a wide range of product applications, and MP3 downloads with a simple e-commerce process. Terms of the acquisition were not disclosed.

* In April 2006, Jupitermedia acquired certain assets of Steve Shapiro Music, including a wholly-owned music library of over 2,200 royalty-free music tracks with a wide selection of tracks offering moods, themes and instrumentation ranging from hip-hop to classical styles. Terms of the acquisition were not disclosed.

* In May 2006, Jupitermedia acquired all of the shares of IFA Bilderteam GmbH (www.ifa-bilderteam.com). IFA Bilderteam is headquartered in Munich, Germany and has an office in Dusseldorf, Germany. IFA Bilderteam is a leading resource for rights-managed images. Terms of the acquisition were not disclosed.

Divestiture and Discontinued Operations
In March 2006, Jupitermedia announced that it sold its JupiterResearch division for $10.1 million in cash and the assumption of certain liabilities by the purchaser, subject to certain post-closing adjustments. The purchaser is JupiterResearch, LLC a subsidiary of JupiterKagan, Inc., which is a portfolio company of MCG Capital Corporation (Nasdaq: MCGC). As a result of this sale, Jupitermedia's Research segment is now being presented as a discontinued operation in accordance with Statement of Financial Accounting Standards No. 144.

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

In January 2006, Jupitermedia announced an exclusive worldwide partnership with Photographic Youth Music Culture Archive (PYMCA), a rights-managed image company based in London, U.K. The PYMCA collection is available at www.jupiterimages.com.

In February 2006, Jupitermedia announced the launch of FlashKit's FlashFoundry.com (www.flashfoundry.com), a new paid subscription service offering over 100,000 professional-quality Flash components, video, buttons, animations and templates. Web designers and PowerPoint users can easily add Flash content to their Web sites and presentations in just minutes, rather than creating it from scratch.

In March 2006, Jupitermedia announced the launch of Photostock.jp (www.photostock.jp), a Japanese language version of its Photos.com (www.photos.com) subscription service. Operated by a team in Japan, Photostock.jp is modeled after Photos.com and was specifically built for the Japanese marketplace.

Source: Jupitermedia

Source: Wired News