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MIVA TO ANNOUNCE SECOND QUARTER 2005 RESULTS ON AUGUST 15, 2005 FORT MYERS, Fla. - July 29, 2005 -- MIVA, Inc. (NASDAQ: MIVA), the largest independent Performance Marketing Network in the world, today announced it will release its second quarter 2005 earnings results on Monday, August 15, 2005, at approximately 7:15 a.m., ET. Additionally, the Company announced its intention to avail itself of the SEC rule that permits a registrant to extend by up to an additional five days the filing deadline for its Form 10-Q, while still being deemed to have timely filed the report. Accordingly, the Company plans to file its Quarterly Report on Form 10-Q for second quarter 2005, on August 15, 2005. The Company believes that availing itself of the permissible extension under SEC rules to timely file its Form 10-Q is warranted in light of the Company's recent addition of William Seippel as its Chief Financial Officer, who requires adequate time to review the Company's financial statements for the quarter ended June 30, 2005. Furthermore, the Company believes the extension will provide adequate time to finalize the amount of an anticipated non-cash goodwill impairment charge in accordance with Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets." Based on its preliminary review of second quarter results, the Company expects to report revenue of $40 to $50 million, consistent with guidance issued on May 5, 2005. The Company did not previously issue GAAP-basis EPS, Adjusted EPS (EPS before tax-adjusted amortization expense) or EBITDA guidance for the second quarter; those amounts will be included in the earnings release on August 15. Chairman and Chief Executive Officer Craig Pisaris-Henderson, President and Chief Operating Officer Phillip Thune and Chief Financial Officer William Seippel will participate in a conference call to discuss the full results and outlook for the Company on August 15, 2005, at approximately 8:00 a.m., ET. The conference call will be simulcast on the Internet at http://www.vcall.com/CEPage.asp?ID=92889. A replay of the conference call will be available on the investor relations area of MIVA's website at http://ir.miva.com/medialist.cfm. Interested parties may email questions in advance to Peter Weinberg of MIVA, Inc. at peter.weinberg@miva.com. About MIVA®, Inc. MIVA is the largest independent Performance Marketing Network, dedicated exclusively to helping businesses grow. MIVA connects millions of buyers with sellers at exactly the right place and time. MIVA delivers qualified leads to advertisers, helps maximize revenue for publisher partners, facilitates commerce for online merchants and provides relevant information to customers. The Company has relationships with more than 100,000 customers, spanning North America, Europe and Asia. Forward-looking Statements This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "plan," "intend," "believe" or "expect'" or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation (1) our ability to timely file our required periodic reports with the Securities and Exchange Commission, (2) our ability to adequately account for the amount of an anticipated non-cash goodwill impairment charge, and (3) our ability to accurately forecast quarterly revenue prior to the completion of our quarterly financial review process. Additional key risks are described in MIVA's reports filed with the U.S. Securities and Exchange Commission, including the Form 10-K/A for fiscal 2004, and the most recently filed quarterly report on Form 10-Q. MIVA undertakes no obligation to update the information contained herein. ®Registered trademark of MIVA, Inc.
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