Styleclick Announces Delisting From the Nasdaq National Market

Business Wire, Jan 24, 2002

Business Editors

CHICAGO--(BUSINESS WIRE)--Jan. 24, 2002

Styleclick, Inc. (Nasdaq:IBUY), a provider of e-commerce services and technologies, today announced that it has received a Nasdaq Staff Determination indicating that the Company fails to comply with the net tangible assets requirement (Marketplace Rules 4450(a)(3)), or the alternative stockholders' equity requirement (Marketplace Rule 4450(b)(1)), the minimum bid price requirement (Marketplace Rule 4450(a)(5)) and the market value of public float requirement (Marketplace Rule 4450(a)(2)) for continued listing, and that its securities are, therefore, subject to delisting from the Nasdaq National Market.

The Company has decided not to appeal the Staff Determination. Accordingly, the Company expects that its Class A common stock will be delisted from the Nasdaq National Market at the opening of business on January 25, 2002, as stated in the Staff Determination.

Upon delisting, the Company expects to have its Class A 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 the expected delisting from the Nasdaq National Market, 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, 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) 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), 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.