Web.com To Repurchase $20 Million In Stock

JACKSONVILLE, Fla., Sep 4, 2008 (GlobeNewswire via COMTEX) -- Web.com (Nasdaq: WWWW), a leading provider of online marketing for small businesses, today announced that its Board of Directors has authorized the repurchase of up to $20 million of the Company's outstanding common shares over the next eighteen months.

"Web.com's share repurchase program is in line with our strong ongoing commitment to enhance shareholder value," stated David Brown, Chairman and CEO of Web.com. "With strong rofitability margins, growing cash flow and confidence in our long-term growth strategy, we believe our stock repurchase plan is an excellent use of our cash at this time."

The repurchase program will be funded using the Company's existing available cash balances. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The repurchase program does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase program at any time.

The repurchases will be made periodically in a variety of ways including on the open market at prevailing market prices, in negotiated transactions off the market, or pursuant to a 10b5-1 plan adopted by the Company which permits the Company to repurchase its shares during periods in which the Company may be in possession of material non-public information. The repurchase program is expected to commence as soon as the week of September 8, 2008.

Any repurchases under this trading plan will be disclosed in the Company's future quarterly reports on Form 10-Q and annual reports on Form 10-K filed with the Securities and Exchange Commission.

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