Web Site Pros and Web.com Announce Merger

JACKSONVILLE, Fla. and ATLANTA, June 26, 2007 (PRIME NEWSWIRE) -- Website Pros, Inc. (Nasdaq: WSPI) and Web.com, Inc (Nasdaq: WWWW) today jointly announced that the two companies have signed a definitive merger agreement, creating a market leader in the small and medium-sized business (SMB) web services industry with annualized revenue of over $117 million and over 234,000 paid subscribers.

Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, Web.com shareholders may elect to receive for every Web.com share either 0.6875 shares of Website Pros stock or $6.5233 in cash, subject to proration so that the total cash paid shall equal $25 million. In the aggregate, Website Pros will issue approximately 9 million shares of Website Pros stock and pay $25 million in cash. In addition, Website Pros will assume all of the outstanding options to purchase common stock of Web.com at an exchange rate consistent with the value offered to holders of Web.com common stock. Based on the closing price of Website Pros' stock on June 26, 2007, the transaction is valued at an aggregate purchase price of approximately $129 million.

The merger, which is subject to regulatory reviews and approvals, approval by the shareholders of both companies and certain other customary conditions, is expected to close during the second half of 2007.

"The combination of Website Pros and Web.com represents a milestone event in the highly fragmented web services market for small and medium-sized businesses, and is an investment in growth and scale that expands the customer base and value proposition for both companies," stated David Brown, President and CEO of Website Pros. "Web.com is highly synergistic with Website Pros from a product and services offering, market focus, and distribution channel perspective. Website Pros' Do-It-For-Me web services, outbound sales and proven lead generation partners coupled with Web.com's Do-It-Yourself web services, online marketing expertise, and complementary channel of SMB-focused partners make for a formidable player in the industry. The SMB market is very large with over 25 million SMBs in the U.S. alone, and I am excited to work with Jeff Stibel and his excellent team ensuring that our combined organization capitalizes on this tremendous opportunity."

"We are very pleased that our success since new management took over in August 2005 has led to an approximate 200% increase in shareholder value and has positioned Web.com to realize further value through a merger with Website Pros," stated Jeff Stibel, President and CEO, Web.com. "Over the last two years, the company has restored and accelerated top line growth, generated record levels of subscriber growth and has significantly improved its operational and financial performance. This complementary merger is a logical next step that has the potential to create substantial value for customers, partners and shareholders of both Web.com and Website Pros."

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