FINDWHAT.COM ANNOUNCES RECORD THIRD QUARTER RESULTS

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During 2004 the Company has provided projections based on Adjusted Pre-tax Income rather than Adjusted Net Income or GAAP Net Income, as the Company could not reasonably estimate its global effective tax rate prior to closing the Espotting merger. However, from the experience gained by the addition of Espotting’s results for a full quarter, the Company now believes that its global effective tax rate for the next several quarters will be approximately 40%. Accordingly, FindWhat.com currently intends to apply its global effective tax rate and report and project “Adjusted Net Income” and “Adjusted EPS”, which are defined as net income before tax-adjusted amortization expense on an absolute and per diluted share basis, respectively.

2004 Guidance
Listed below are FindWhat.com’s actual and projected quarterly results for 2004 revenue, EBITDA, Adjusted EPS and EPS. The projections include contributions from all publicly announced mergers, acquisitions and strategic initiatives. The projections also take into account the FindWhat.com Network’s recent decision to cease displaying online gambling-related advertising to users on the FindWhat.com Network with IP addresses originating from the United States or IP addresses in which the Company cannot determine the country of origin, which took effect in October. Over the last year there has been a growing trend within the U.S. paid listings industry to limit certain types of online advertising content from being displayed to internet users in certain jurisdictions for a variety of reasons, including the avoidance of potential cultural and legal divergences. The Company’s recent decision regarding online gambling-related ads is in keeping with these industry trends.

FindWhat.com currently expects full year 2004 revenue between $168.8 and $175.8 million, EBITDA between $36.6 and $38.6 million, Adjusted EPS between $0.70 and $0.73, and EPS between $0.60 and $0.63, which assumes approximately 28.7 million average diluted shares outstanding.

2004 Revenue
Q1 2004 actual: $24.7 million
Q2 2004 actual: $27.8 million
Q3 2004 actual: $58.3 million
Q4 2004 estimated: $58-$65 million
Total 2004 estimated: $168.8-$175.8 million

2004 EBITDA
Q1 2004 actual: $6.8 million
Q2 2004 actual: $7.6 million
Q3 2004 actual: $11.2 million
Q4 2004 estimated: $11-$13 million
Total 2004 estimated: $36.6-$38.6 million

2004 Adjusted EPS
Q1 2004 actual: $0.16 (24.1 million diluted shares outstanding)
Q2 2004 actual: $0.17 (25.0 million diluted shares outstanding)
Q3 2004 actual: $0.19 (32.2 million diluted shares outstanding)
Q4 2004 estimated: $0.18-$0.21 (assumes 33.5 million diluted shares outstanding)
Total 2004 estimated: $0.70-$0.73 (assumes 28.7 million average diluted shares outstanding)

2004 EPS
Q1 2004 actual: $0.16 (24.1 million diluted shares outstanding)

Q2 2004 actual: $0.15 (25.0 million diluted shares outstanding)

Q3 2004 actual: $0.15 (32.2 million diluted shares outstanding)
Q4 2004 estimated: $0.14-$0.17 (assumes 33.5 million diluted shares outstanding)
Total 2004 estimated: $0.60-$0.63 (assumes 28.7 million average diluted shares outstanding)

Management Comments and Operating Metrics
Brenda Agius, chief financial officer, said, “We saw solid growth in Q3 2004 from a number of areas, including our U.S. and European paid listings operations, our private label partnerships and our Primary Traffic division. The integration of Espotting was a major focus for the quarter, and although there is still much to be done to leverage the resources we now have available, we are pleased with the progress we have made so quickly. We maintain our goal of lifting the company’s consolidated EBITDA margin above 20%, and in fact came very close to reaching that goal in Q3 2004, our first full quarter together and a year ahead of schedule. While we were pleased with the efficiency of our global operations in Q3 2004, we want to balance that efficiency with investing in new initiatives and expanding our resources in the near-term, which we anticipate will add revenue in 2005 and beyond. As a result of this balanced approach, we currently believe EBITDA margins may stay below 20% in Q4 2004, but we anticipate they will be above 20% for fiscal 2005.”

Beginning with Q2 2004, FindWhat.com reported two new operating metrics to provide better insight into the progress of its business: Paid Click-throughs and Active Relationships. The information reported below for Q3 2004 includes actual information from all divisions. Information for Q2 2004 is presented on a pro forma basis, including metrics for the entire quarter from B&B; and Espotting, even though B&B; was not part of the Company for the full quarter, and Espotting was not part of the Company until July 1, 2004. The Q2 2004 metrics are presented on a pro forma basis to provide a better comparison to results in subsequent quarters. FindWhat.com is including the metrics of these acquired/merged companies for the pre-closing periods, based on information obtained from their records during those periods.

Quarter, Pro Forma Paid Click-Throughs (in millions), Pro Forma Active Relationships * Q2 2004, 219, 63,000 Q3 2004, 224, 70,000

Note: The amounts above for Q2 2004 are presented on a pro forma basis to include metrics from Miva, Comet, B&B; and Espotting as if all companies were wholly-owned on April 1, 2004.

* FindWhat.com defines active relationships for a fiscal quarter to be those which have had a paying transaction with the Company during the quarter. However, FindWhat.com has relationships with over 100,000 online businesses, including businesses which are using its Miva Merchant storefront software, or which have made deposits in their FindWhat.com or Espotting Network accounts to fund future transactions, but have not purchased any products or services from the Company during the quarter and hence are not included in the active relationships metric.