24/7 Real Media, Inc. has sold a majority stake in iPromotions, Inc. to a group of private investors including employees. 24/7 Real Media will retain a minority interest in iPromotions, Inc. The
transaction will allow iPromotions to further focus on its core business while maintaining a strategic partnership with 24/7 Real Media. The primary target audience for iPromotions is travel
advertisers including airlines, hotels and destination management organizations (DMO), representing an estimated $2.5 billion market in 2003.
