Milberg Weiss Announces the Filing of a Class Action Suit Against FindWhat.com and Certain of Its Officers and Directors on Beha

The law firm of Milberg Weiss Bershad & Schulman LLP
announces that it has filed a class action lawsuit on behalf of
purchasers of the securities of FindWhat.com (the "Company") (NASDAQ:
FWHT) between January 5, 2004 and May 4, 2005 inclusive, (the "Class
Period"), seeking to pursue remedies under the Securities Exchange Act
of 1934 (the "Exchange Act"). A copy of the complaint filed in this
action is available from the Court, or can be viewed on Milberg Weiss'
website at www.milbergweiss.com
   The action is pending in the United States District Court for the
Middle District of Florida against defendants FindWhat.com, Craig
Pisaris-Henderson, Brenda Aguis, Frederick E. Guest, And Phillip R.
Thune.
   The Complaint alleges that Defendants issued, or caused to be
issued, false and misleading statements during the Class Period to
artificially inflate the value of FindWhat.com stock. Beginning on
January 5, 2004, with the completion of the first in a series of
mergers and acquisitions by the Company in 2004, the Company began to
accrue intangible assets in excess of their actual value. In violation
of Generally Accepted Accounting Principals ("GAAP"), the Company
disagreed with its outside auditor, Ernst & Young LLP, with respect
to the need to recognize an impairment of its goodwill in connection
with the Company's 2004 consolidated financial statements. As a result
of the dispute, on May 2, 2005, Ernst & Young LLP resigned. Ernst &
Young LLP also informed the Company of six material weaknesses in the
Company's system of internal control over financial reporting, and
these matters relate to (i) purchase accounting, (ii) goodwill
impairment, (iii) revenue recognition for private label agreements and
other revenue agreements, excluding those related to FindWhat.com
Network revenue, (iv) personnel resources and technical accounting
expertise, (v) quarterly and year-end financial statement close and
review process, and (vi) segregation of duties. On May 4, 2005, the
Company surprised the market with the announcement of the resignation
of its CFO, Defendant Brenda Aguis. As a result of these disclosures,
During the class period, Defendants and other Company insiders knew,
or recklessly disregarded the Company's inadequate internal control
problems to facilitate the false impression of financial success to
investors. While Defendants had misled the investing public and
inflated the value of FindWhat.com's stock during the class period,
insiders sold 680,959 shares for personal proceeds of $11,320.179.
Immediately following both of these disclosures, the Company's stock
plummeted, losing $2.04 per share, or 26% of its value on May 3 and an
additional $2.33 per share, or an astonishing 38% on May 5, 2005.
   If you bought the securities of FindWhat.com between January 5,
2004 and May 4, 2005 and sustained damages, you may, no later than
July 5, 2005, request that the Court appoint you as lead plaintiff. A
lead plaintiff is a representative party that acts on behalf of other
class members in directing the litigation. In order to be appointed
lead plaintiff, the Court must determine that the class member's claim
is typical of the claims of other class members, and that the class
member will adequately represent the class. Under certain
circumstances, one or more class members may together serve as "lead
plaintiff." Your ability to share in any recovery is not, however,
affected by the decision whether or not to serve as a lead plaintiff.
You may retain Milberg Weiss Bershad & Schulman LLP, or other counsel
of your choice, to serve as your counsel in this action.
   Milberg Weiss Bershad & Schulman LLP (www.milbergweiss.com) has
over 100 lawyers in offices in New York City, Boca Raton, Los Angeles,
Delaware, Seattle and Washington, D.C. and is active in major
litigations pending in federal and state courts throughout the United
States. Milberg Weiss has taken a leading role in many important
actions on behalf of defrauded investors, consumers, and others for
nearly 40 years. Please contact the Milberg Weiss website for more
information about the firm and its history. If you wish to discuss
this action with us, or have any questions concerning this notice or
your rights and interests with regard to the case, please contact the
following attorneys:

-0-
*T
Steven G. Schulman
One Pennsylvania Plaza, 49th fl.
New York, NY, 10119-0165
Phone number: [phone]
Email: [e-mail]

Or

Maya Saxena
Joseph E. White III
5200 Town Center Circle, Suite 600
Boca Raton, FL 33486
Phone number: [phone]
Email: [e-mail]
[e-mail]
Website: http://www.milbergweiss.com
*T