WESTLAKE VILLAGE, Calif., July 11, 2002 (PRIMEZONE) -- United Online, Inc. (Nasdaq:UNTD), a leading provider of value-priced Internet access through its NetZero and Juno Internet services, today announced that its Board of Directors has extended its share repurchase plan through May 31, 2003, and increased the plan limit to $33.5 million from the previous limit of $10 million. Under the plan, the company may repurchase shares of its common stock through open market or privately negotiated transactions based on prevailing market conditions and other factors. Since the inception of the share repurchase plan, the company has repurchased approximately 1 million shares of its common stock at an aggregate cost of approximately $4.8 million.
About United Online
United Online, Inc. (Nasdaq:UNTD) is a leading Internet service provider that commenced operations in September 2001 with the merger of NetZero and Juno Online Services. The company offers free and value-priced dial-up Internet access through its NetZero and Juno Internet services in more than 5,000 cities across the United States and in Canada. The company also offers high-speed Internet access in select locations in the United States. United Online is headquartered in Westlake Village, Calif., with offices in New York City and Hyderabad, India. For more information about United Online and its Internet access services, please visit www.untd.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These include statements regarding the potential repurchase by United Online, Inc. of its common stock. There is no assurance that the company will repurchase any of its common stock. The company's decision to make repurchases, if any, will be subject to a number of risks and uncertainties, including fluctuations in the market price and/or trading volume of the stock, the amount of available cash reserves and alternative uses for such reserves, the advisability of any repurchases, and other factors related to compliance with applicable corporate and Federal securities laws.