InfoSpace Announces Executive Departure

December 22, 2006; 02:24 AM
InfoSpace, Inc. (NASDAQ:INSP) announced that Stephen J. Davis will leave his position as president of mobile and online media to pursue other career opportunities. Mr. Davis joined the company in November 2005 and has been responsible for managing InfoSpace’s mobile entertainment business. He will leave the company effective January 1.

“I would like to thank Steve for his tremendous contributions to InfoSpace’s mobile business over the past year,” said Jim Voelker, chairman and chief executive officer of InfoSpace. “We wish him well in his future endeavors.”

The President of Mobile Media position will not be replaced as a result of the previously announced restructuring, under which InfoSpace is reducing its investment in mobile content and focusing on its online and mobile infrastructure businesses.

About InfoSpace, Inc.

InfoSpace, Inc. is a leading developer of tools and technologies to help people discover and enjoy content and information -- whether on a mobile phone or on the PC. The company’s mobile platform and applications, such as InfoSpace Find It! (www.infospacefindit.com), create programming and sales opportunities for carriers, while satisfying consumer demand for highly relevant mobile functionality and content. InfoSpace uses its proprietary metasearch technology to power a portfolio of branded Web sites, including Dogpile (www.dogpile.com), ranked highest in customer satisfaction by J.D. Powers and Associates, and Zoo (www.zoo.com), a new kid-friendly search engine, and provide private-label search and online directory services to consumers on a global basis. More information can be found at www.infospaceinc.com.