Business Services Industry

Internet Brands, Inc. Reports Record Third Quarter 2008 Financial Results

Business Wire, Oct 28, 2008

The table below reconciles net income and Adjusted EBITDA for the periods presented:

[TABLE OMITTED]

Conference Call and Webcast

The Company will host a conference call to discuss its third quarter 2008 financial results beginning at 4:30 pm ET (1:30 pm PT), today, October 28, 2008. Participants may access the call by dialing 800-762-8779 (domestic) or 480-629-9041 (international). In addition, the call will be broadcast live over the Internet hosted at the Investor Relations section of the Company's website at www.internetbrands.com and will be archived online within one hour of the completion of the conference call. A telephone replay will be available through November 11, 2008. To access the replay, please dial 800-406-7325 (domestic) or 303-590-3030 (international), passcode 3930331.

About Internet Brands, Inc.

Los Angeles-based Internet Brands, Inc. (NASDAQ:INET) is a leading Internet media company that operates community and e-commerce web sites in automotive, careers, home, shopping and travel and leisure categories. With a flexible and scalable platform, Internet Brands operates a rapidly growing network of more than 200 websites, 78 of which each receive more than 100,000 monthly unique visitors.

Safe Harbor Statement

This press release includes forward-looking information and statements, including but not limited to its 2008 business outlook, management comments and guidance, that are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, competitive position, industry environment, potential growth opportunities and the effects of regulation. These statements are based on our management's current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside our management's control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to, our pursuit of an acquisition-based growth strategy entailing significant execution, integration and operational risks, the impact of the recent downturn in the economy and the automotive industry in particular on our revenues from automotive dealers and manufacturers, our ability to compete effectively against a variety of Internet and traditional offline competitors, and our reliance on the public to continue to contribute content without compensation to our websites that depend on such content. These and other risks are described more fully in our Annual Report on Form 10-K for the annual period ended December 31, 2007, filed with the U.S. Securities and Exchange Commission (SEC) on March 12, 2008, our Quarterly Report on Form 10-Q for the period ended March 31, 2008 filed with the SEC on May 8, 2008 and our Quarterly Report on Form 10-Q for the period ended June 30, 2008 filed with the SEC on August 7, 2008. You should consider these factors in evaluating forward-looking statements. For additional information regarding the risks related to our business, see our prospectus in the Registration Statement, and other related documents, that we have filed with the SEC. You may get these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov. All information provided in this release is as of October 28, 2008 and should not be unduly relied upon because we undertake no duty to update this information.


 

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