|October 12, 2004
GURUNET CORPORATION ANNOUNCES INITIAL PUBLIC OFFERING
|Wesley Hills, NY, October 13, 2004 -- GuruNet Corporation (AMEX: GRU), a provider of integrated online reference information, today announced the effectiveness of its initial public offering of 2,350,000 shares of its common stock at an initial public offering price of $5.00 per share. Shares of GuruNet's common stock will be traded on the American Stock Exchange under the trading symbol "GRU". In addition, the underwriters have been granted an option to purchase up to an additional 352,500 shares from GuruNet, solely to cover overallotments. The managing underwriters of the offering are Maxim Group LLC. and EarlyBird Capital, Inc.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective on October 12, 2004. Copies of the final prospectus related to the offering may be obtained, when available, from Maxim Group at 405 Lexington Avenue, New York, NY, tel. 212-895-3500.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.