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Jupitermedia Acquires Creatas

Jupitermedia announced today it is acquiring Creatas, the parent company of Dynamic Graphics and PictureQuest, for $38.1 million and 1.4 million restricted shares of Jupitermedia .

The deal is expected to close in March and make Jupitermedia, the parent company of internetnews.com, the third-largest company in the world in the field of selling and distributing stock photography, stock footage and other imagery.

According to Jupitermedia, the deal will be financed with cash on hand and borrowings under a credit facility to be obtained in connection with the transaction.

"Dynamic Graphics' Creatas, PictureQuest and Liquid Library brands are widely known worldwide and provide us with thriving sales operations in the United States, the U.K., Germany and Australia," Alan M. Meckler, chairman and CEO of Jupitermedia, said in a statement. "In addition, Dynamic Graphics Group is one of the leading publishers of magazines and organizers of seminars and tradeshows for stock photo and graphics professionals. We expect that this acquisition will be accretive to our earnings."

Dynamic Graphics Group offers a number of resources for the graphic design Community, including royalty-free and rights-managed stock image content, royalty-free subscription image services, trade publications and creative services events and training.

The company distributes royalty-free content through its Creatas brand. Dynamic Graphics Group also includes PictureQuest, an image resource distributing more than 500,000 royalty-free and rights-managed images from more than 50 photo agencies.

Dynamic Graphics Group also provides images through its professional subscription images service, Liquid Library. The company publishes STEP Inside Design Magazine and Dynamic Graphics Magazine, as well as the SBS Digital Design and Photoshop Fix newsletters.

In addition, the company offers design workshops and seminars through its Dynamic Graphics Training.