SWBD Switchboard Incorporated (MM)

InfoSpace Completes Acquisition of Switchboard Incorporated WESTBORO, Mass., June 3 /PRNewswire-FirstCall/ -- Switchboard Incorporated (NASDAQ:SWBD), a leading provider of local online advertising solutions and internet-based yellow pages, today announced that InfoSpace, Inc. (NASDAQ:INSP) has completed the acquisition of the Company in accordance with the terms of the definitive agreement announced March 26, 2004. InfoSpace acquired Switchboard for $7.75 per share, or approximately $160 million in cash. Switchboard was officially de-listed from NASDAQ effective at the close of business today. About InfoSpace, Inc. InfoSpace, Inc. (NASDAQ:INSP) is a diversified technology and services company that develops Internet and wireless solutions for a wide range of customers. InfoSpace Search & Directory provides Web search and online directory products that help users find the information they need while creating opportunities for merchants. InfoSpace Mobile develops infrastructure, tools and applications that enable carriers and content providers to efficiently develop and deliver mobile data services across multiple devices. More information can be found at http://www.infospaceinc.com/. CONTACTS: Nancy Bacchieri V.P. - Communications, InfoSpace (425) 201-8722 Adam Whinston Sr. Marketing Manager, InfoSpace Search & Directory (425) 201-8946 DATASOURCE: Switchboard Incorporated CONTACT: Nancy Bacchieri, V.P. - Communications, InfoSpace, +1-425-201-8722, or , or Adam Whinston. Sr. Marketing Manager, InfoSpace Search & Directory, +1-425-201-8946, or Web site: http://www.infospaceinc.com/

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