June 15, 2005 17:01 ET Re-Purchases 304,665 Shares of the Company's Common Stock

MONTREAL, CANADA--(CCNMatthews - June 15, 2005) - Inc., (the "Company"), (NASDAQ:MAMA), today announced that since June 3, 2005 it has re-purchased 304,665 shares of the Company's common stock at an average price of $3.4068 per share. The highest and lowest prices paid by the Company for these shares were $3.52 and $3.20 per share respectively. Unless otherwise stated, all figures in this release are in US dollars.

These shares represent all shares purchased to date under the Normal Course Issuer Bid which allows for the re-purchase of up to 600,000 shares during a twelve month period that commenced September 8, 2004.

Pursuant to the Company's Insider Trading Policy, a blackout period in trading of the Company's shares by officers, directors and the Company will begin June 16, 2005 and end two full trading days following release of the Company's second quarter financials. The Company expects to release its second quarter financials on or about August 10, 2005.

About 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

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 filings with the United States Securities and Exchange Commission and the Ontario Securities Commission and include but are not limited to the extent to which the results of the SEC investigation or the purported securities class action lawsuits negatively impact the Company. The Company expressly disclaims any intent or obligation to update any description of the scope, focus or subject matter of the statements in this press release.

Contact Information

  • Inc.
    Guy Faure
    President and Chief Executive Officer
    (888) 844-2372 #146 (Toll Free)
    (514) 908-4346