Styleclick Announces Nasdaq Review of the Company's Eligibility for Continued Listing On the Nasdaq National Market

Business Wire, Dec 14, 2001

Business Editors

CHICAGO, ILLINOIS--(BUSINESS WIRE)--December 14, 2001

Styleclick, Inc. (Nasdaq: IBUY), a provider of e-commerce services and technologies, today announced that the Nasdaq Staff has commenced a review of the Company's eligibility for continued listing on the Nasdaq National Market. Based on the Form 10-Q for the period ended September 30, 2001 the Staff determined that the Company no longer meets the net tangible assets requirement, or the alternative stockholders' equity requirement, for continued listing set forth in Marketplace Rule 4450(a)(3) (or the alternative listing criteria under Marketplace Rule 4450(b)(1)).

In light of these conditions, the Company does not expect to be able to achieve compliance in the near term with the continued listing requirements of the Nasdaq National Market nor sustain compliance over an extended period of time. Accordingly, the Company expects to receive a Nasdaq Staff Determination indicating that the Company has failed to meet the continued listing requirements set forth in Marketplace Rule 4450(a)(3) (or the alternative listing criteria under Marketplace Rule 4450(b)(1)), and that its Class A common stock is, therefore, subject to delisting from the Nasdaq National Market. The Company does not expect to appeal a Staff Determination.

The Company's Class A common stock will remain listed and will continue to trade on the Nasdaq National Market until such time as it is delisted. In the event of a delisting, the Company expects to have its Common Stock traded on the OTC Bulletin Board. The OTC Bulletin Board is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter securities. Further information about the OTC Bulletin Board is available at www.otcbb.com.

Independent of any delisting from the Nasdaq National Market that may occur, the Company will remain a reporting company under the Securities and Exchange Commission rules. The delisting of the Company's Class A common stock from Nasdaq could have a material adverse effect on the market price of, and the efficiency of the trading market for, Styleclick's Class A common stock.

Forward Looking Statements:

This press release contains "forward-looking statements" about Styleclick, Inc. as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statement made by us. These factors include the Company's failure to comply with Nasdaq's listing requirements, a decision by the Nasdaq Listing Qualifications Panel to delist the Company's Class A common stock from the Nasdaq National Market, and, in the event of delisting, a decision by the Company not to attempt to have its Class A common stock traded on the OTC Bulletin Board, there may not be market makers for the shares of Class A common stock and an active market may not continue to exist, as well as other risk factors. Investors are encouraged to read the Company's filings with the Securities and Exchange Commission.

About Styleclick, Inc.:

Styleclick, Inc. (Nasdaq: IBUY - news) provides e-commerce services and technology enabling companies to sell online. Styleclick integrates its online storefront application and merchandising and inventory management technology with detailed reporting systems and back-end fulfillment and customer care to create feature-rich commerce-driven offerings to help clients expand sales to customers across the Web. Styleclick's technology platform has proven scalability and leverages a central CRM-driven database for comprehensive consumer profiling and direct marketing capabilities. A majority-owned subsidiary of USA Networks, Inc. (Nasdaq: USAI - news), Styleclick operates as part of USA's Interactive Group. Included among Styleclick's roster of clients is an alliance with Electronic Commerce Solutions (ECS), another USA Interactive company, to which Styleclick provides e-commerce-enabling technology for select ECS third-party clients.