Interland, Inc. Announces Record Date for Reverse Stock Split


Atlanta, GA — (Business Wire) — Interland, Inc.

(Nasdaq: INLD) and (Nasdaq: INLDD) a leading provider of business-class

Web hosting and online services to small and medium businesses,

announced today that the record date for its previously-announced

one-for-ten reverse stock split is August 1, 2003. The reverse stock

split will reduce the number of shares of common stock presently issued

and outstanding from approximately 162.6 million to approximately 16.3


No fractional shares of common stock will be issued in connection

with the reverse stock split. In instances where the reverse stock split

would result in a record shareholder becoming the holder of a

fractional interest in a share of common stock, the number of shares

held by such record shareholder will be rounded down to the nearest

whole share, and the shareholder will receive a cash payment equal to

the product of (i) the closing sales price of the common stock on the

effective date of the reverse stock split, multiplied by (ii) the

fractional interest.

The reverse stock split will be effective as of the close of market

on August 1, 2003, and the Company’s common stock will begin trading on a

reverse split basis on August 4, 2003. Wells Fargo Bank Minnesota, N.A.

has been retained to act as the administrator for the reverse split.

Interland, Inc. (Nasdaq: INLD) is a leading Web hosting and online

services company dedicated to helping small and medium businesses

achieve success by providing the knowledge, services and tools to build,

manage and promote businesses online. Interland offers a wide selection

of online services, including standardized Web hosting, e-commerce,

application hosting, and Web site development, marketing and

optimization tools. For more information about Interland, please visit

Forward-looking statements contained in this press release are made

under the Safe Harbor Provision of the Private Securities Litigation

Reform Act of 1995. Any such statements are subject to risks and

uncertainties that could cause actual results to differ materially from

those anticipated. Such factors are described from time to time in the

company’s Annual Report on Form 10-K and other reports filed with the

Securities and Exchange Commission.

CONTACT: Interland, Inc., Atlanta
Investor Relations
Fabrice Klein, 404/260-2537

SOURCE: Interland, Inc.