Wall Street

Mamma.com Inc. Discloses Informal SEC Inquiry

MONTREAL--(BUSINESS WIRE)--April 6, 2004--Mamma.com Inc. (the "Company"), (NASDAQ: MAMA) announced today that it has received notification that the Securities and Exchange Commission ("SEC") has begun an informal inquiry relating to the recent trading activity in Mamma.com Inc. securities. Recently, trading in the Company's common stock has been intense and the market price of the common stock has risen sharply. The SEC notification advises that the existence of the inquiry should not be construed as an indication by the SEC that any violation of law has occurred, nor should it reflect adversely on the character or reliability of any person or entity or on the merits of the Company's securities.
David Goldman, Executive Chairman of Mamma.com added "We are confident that all information and disclosures are fully compliant with all applicable accounting practices and all SEC and other regulatory disclosure requirements. We have provided all information requested by the SEC to assist them in their informal inquiry. All Mamma.com employees and representatives have been directed to cooperate fully with the SEC staff and to promptly provide the agency with any additional information and clarification it may request in this matter to expeditiously resolve any issues with respect to this inquiry. The Company is not aware of any non-public information that might bear upon the recent activity in the market for the Company's common stock."

About Mamma.com Inc.:

Mamma Media Solutions(TM) is focused on providing first-rate quality information retrieval on the Internet through its metasearch engine and is a leading provider of integrated marketing solutions to online advertisers. The Mamma.com search engine, The Mother of All Search Engines(R), is one of most popular metasearch engines on the Internet, as it makes it easier and faster for people to find information by gathering the most relevant results from the best search engines on the Internet. The Company is equally focused on being one of the leading providers of online marketing solutions to advertisers as its integrated offer includes keyword search listings and numerous sizes of graphic ad units. Mamma.com maintains a large publisher network on which it distributes search and graphic ad units for its advertisers. The Company also holds minority interests in analog integrated circuit products, and in the new media and telecommunications sectors.

Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that can cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.

Contacts


Mamma.com Inc.
Daniel Bertrand
Executive Vice President and Chief Financial Officer
(877) 289-4682 #118 (Toll Free) or (514) 908-4318
dbertrand@mamma.com
www.mammainc.com

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