Mamma.com Inc.

Mamma.com Inc.

February 28, 2005 09:34 ET

Mamma.Com Denies Allegations in Lawsuits Seeking Class Action Status


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MAMMA.COM INC.

NASDAQ SYMBOL: MAMA

FEBRUARY 28, 2005 - 09:34 ET

Mamma.Com Denies Allegations in Lawsuits Seeking Class
Action Status

MONTREAL, CANADA--(CCNMatthews - Feb. 28, 2005) - Mamma.com Inc. (the
"Company"), (NASDAQ:MAMA) today issued the following statement in
response to the filing of putative class action lawsuits against the
Company and certain of its officers and directors:

"Last week, lawsuits seeking class action status were filed in federal
district court in Manhattan. The complaints that were filed contain
claims based on unsubstantiated rumors and newspaper reports. The
Company believes that the claims are frivolous and without merit, and it
intends to defend itself vigorously. The Company's management is
unaware of any wrongdoing by the Company, its Board or its officers, and
it is confident that the Company, its board and its officers have
complied with all applicable securities laws."

About Mamma.com Inc.

Mamma Media Solutions™ is focused on providing quality information
retrieval on the Internet through its metasearch engine and is a leading
provider of integrated marketing solutions to online advertisers. For
more information, visit www.mammamediasolutions.com.

Statements contained in this press release, which are not historical
facts, are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties that can cause actual
results to differ materially from estimated results. Such risks and
uncertainties are detailed in the Company's filing with the Securities
and Exchange Commission and also include but are not limited to whether
the Company will appoint a new auditor, whether 2004 financial
statements will be issued and filed and if so when, whether prior year
audit reports will be withdrawn and whether the investigation being
carried out under the Audit Committee's supervision will be completed.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Mamma.com Inc.
    Guy Faure
    President and CEO
    Toll Free: (888) 844-2372 / (514) 908-4346
    guy@mamma.com
    www.mammainc.com