Jupitermedia's Jupiterimages Division Announces Agreement to Acquire Controlling Ownership in Micropayment and Stock Photo Community Web Sites 

(New York, NY - November 7, 2006) -- Jupitermedia Corporation (Nasdaq: JUPM) today announced that it has signed a definitive written agreement to increase its ownership position from an initial 49.7% equity investment made in January 2006 to 90% in HAAP Media Ltd. Based in Budapest, Hungary, HAAP Media operates two stock photo related Web sites: Stockxpert.com (www.stockxpert.com) and Stock.xchng (www.sxc.hu). The transaction is expected to close during the fourth quarter of 2006. Financial terms of the pending transaction were not disclosed.

Stockxpert.com is one of the world's fastest growing "micropayment" stock image libraries with more than 300,000 stock photos that can be purchased for as little as $1.00 per image. Since Jupitermedia's initial investment in January, 2006, the number of images has increased tenfold and Web site traffic has increased from 120,000 to over 6 million monthly page views. Stock.xchng's stock photo community Web site has also experienced substantial growth with over 50 million page views monthly and over 900,000 registered members. Both sites are published in a variety of languages.

"We have been very pleased with our investment and working relationship with the team at HAAP Media, and when the opportunity to secure a larger ownership position became available, it was not a difficult decision to proceed. Since our initial investment, we have been leveraging our other properties to help Stockxpert.com become one of the leading sellers in the rapidly growing field of 'micropayment'," stated Alan M. Meckler, Chairman and CEO of Jupitermedia Corporation. "This deal to increase our stake in the micropayment business, combined with our many subscription, royalty-free and traditional right-managed image offerings, further distinguishes Jupiterimages from our competition as the only company serving the needs of all levels of image buyers and budgets worldwide," added Meckler.

About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM) (www.jupitermedia.com), headquartered in Darien, CT, is a leading global provider of original information, images and digital content for information technology, business and creative professionals. Jupitermedia includes Jupiterimages, one of the leading images companies in the world with over 7.0 million images online serving creative professionals with brands like BananaStock, Workbook Stock, Brand X Pictures, FoodPix, Botanica, Nonstock, The Beauty Archive, IFA Bilderteam, Comstock Images, Creatas Images, PictureQuest, Liquid Library, Thinkstock Images, Thinkstock Footage, Bigshot Media, Goodshoot, IT Stock Free, Stock Image, Pixland, Photos.com, Ablestock.com, PhotoObjects.net, Clipart.com, FlashFoundry.com, AnimationFactory.com, Stockxpert.com, RoyaltyFreeMusic.com and JupiterGreetings.com. The online media division of Jupitermedia is JupiterWeb, which operates four distinct online networks: internet.com and EarthWeb.com for IT and business professionals; DevX.com for developers; and Graphics.com for creative professionals. JupiterWeb properties include more than 150 Web sites and over 150 e-mail newsletters that are viewed by over 20 million users and generate over 350 million page views monthly.