NORTH PALM BEACH, Fla., May 24 /PRNewswire/ -- Intelligent Life Corporation (Nasdaq: ILIF) today reported that revenues increased 134 percent to $2,226,000 for the first quarter ended March 31, 1999 (see "Change in Year-end"), compared with the same period last year in which revenues were $950,000. Revenues related to online activities were 62 percent of total revenues in 1999 compared to 35 percent in 1998. Online revenues increased 38 percent from the fourth quarter of 1998 to the first quarter of 1999 compared to a 21 percent increase from the third to the fourth quarter of 1998. "During the current formative period of Internet businesses, it is important both that revenues increase and that growth accelerates," commented William P. Anderson, President and CEO, Intelligent Life Corporation. "We are committed to achieving the scale that is so important to the long-term success of any business on the Internet." The Company's net loss also increased from $703,000 in the first quarter ended March 31,1998 to $6,027,000 in the first quarter ended March 31, 1999, an increase of 758 percent. The major sources of this increase were non-cash compensation expense related to employee stock option grants of $1,908,000, a one-time non-cash financing charge of $2,656,000 and marketing expenses. Marketing expenditures for the quarter ended March 31, 1999 were $714,000 compared to $47,000 in the corresponding quarter in the prior year. Non-cash stock-based compensation for the quarter ended March 31, 1999 was $1,908,000 and there was no charge of this nature in the prior period. "During the current quarter, the Company made significant investments in marketing and in expanding our management team as well as funding operations toward our initial public offering. Excluding the non-cash charges and marketing expenses, our loss of $749,000 compares favorably to the loss of $703,000 in the same quarter of the prior year," said Peter W. Minford, Chief Financial Officer. Change in Year-end On April 12, 1999, the Company's Board of Directors approved changing the Company's fiscal year-end from June 30 to December 31. About Intelligent Life Corp. Intelligent Life Corporation is a new media publisher. It creates original editorial content relating to personal finance matters and publishes this content through its Internet sites Bankrate.com, theWhiz.com, Consejero.com and CPNet.com. Through its Bankrate.com site, the Company provides consumers with independent, objective research on banking and credit products including mortgages, home equity loans and credit cards. In addition, this information is published on co-branded Internet sites through more than 60 distribution arrangements, including many of the leading online publishers of financial information. Its original research is also distributed in print through major national and local publications. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Act. Investors are cautioned that actual results could differ materially from those anticipated by such statements and are advised to consult our current SEC filings for additional information concerning risk factors that affect the Company's business. Intelligent Life Corporation Condensed Statements of Operations For the Three Months Ended March 31, 1999 and 1998 (Unaudited) Three Months Ended March 31, Revenue: 1999 1998 Online publishing $1,369,836 328,208 Print publishing and licensing 856,432 621,448 Total revenue 2,226,268 949,656 Cost of operations: Non-cash stock based compensation expense 1,907,782 --- Other 3,697,292 1,660,451 5,605,074 1,660,451 Loss from operations (3,378,806) (710,795) Other income (expense): Non-cash financing charge (2,656,000) --- Other 7,482 8,080 (2,648,518) 8,080 Net loss $(6,027,324) $(702,715)  