Individual Investor Group, Inc./.

Editors are advised to disregard the version of this release that moved earlier today. It contained formatting errors by PR Newswire. The correct version follows:

Individual Investor Group, Inc. Agrees to Acquire 7% of Tradeworx, Inc.,

Premier Provider of Investment Analytical Applications for $1.8 Million in

Advertising

Individual Investor Group to Obtain Preferential License to Tradeworx

Technology and Warrant to Increase Equity Stake by Up to 50%

NEW YORK, May 11 /PRNewswire/ --

Individual Investor Group, Inc. (Nasdaq: INDI), a financial media company that reaches more than three million investors and financial professionals each month, today announced that it had agreed to acquire 7% of Tradeworx, Inc., the premier provider of online investment analysis and investment decision support platforms for retail and institutional investors. The parties also announced a partnership enabling Individual Investor Group, Inc. to enhance its web properties with free Tradeworx, Inc. features and to offer its online users discounted access to subscription-based Tradeworx, Inc. features.

The parties also announced that Individual Investor Group, Inc. may obtain subscribers for the Tradeworx.com web site (www.tradeworx.com) and share in the subscription revenues generated by those subscribers. Individual Investor Group, Inc. also received a warrant that could enable Individual Investor Group, Inc. to increase by up to 50% the number of Tradeworx, Inc. shares it owns. A portion of the transaction between the parties is subject to the approval of certain Tradeworx, Inc. shareholders, which approval Tradeworx, Inc. expects to receive shortly.

"Tradeworx, Inc. has developed proprietary applications of unparalleled power and ease of use for the individual and professional investor, and has assembled a list of blue chip investors, strategic partners and advisors -- in short, we believe Tradeworx, Inc. has the ingredients to become a hugely successful company," said Jonathan Steinberg, chief executive officer of Individual Investor Group, Inc.

"This investment marks our fourth significant equity-for-advertising deal in which we have leveraged our brand and the valuable audience of over three million high-income, internet-active retail and professional investors who use our websites (www.individualinvestor.com and www.insidertrader.com) and read our magazines (Individual Investor and Ticker) each month. Our first such deal, with Wit Capital Group, Inc. (Nasdaq: WITC) yielded a $2.8 million profit on an initial investment of $250,000," said Steinberg.

Gregory Barton, vice president of business development of Individual Investor Group, Inc., said, "Tradeworx, Inc. has the most powerful and easy- to-use technology we have seen to permit individuals and professionals to identify investment opportunities, save money on trade execution and construct more intelligent investment portfolios. The Tradeworx, Inc. applications allow even the novice investor to harness, in a user-friendly manner, the power of cutting-edge portfolio theory (Tradeworx, Inc.'s scientific board of advisors includes three nationally-renowned professors of finance, mathematics and economics). The Tradeworx, Inc. limit order pricing technology -- already incorporated into the execution platform of a premier online brokerage -- will enable investors to save money on trade execution, particularly during volatile markets."

"The costs of customer acquisition and building a brand name have made B-to-C revenues prohibitively expensive for many companies," said Rishi Narang, president and chief operating officer of Tradeworx, Inc. "This partnership will allow us to obtain high-margin B-to-C revenues to enhance our core B-to-B model, by leveraging Individual Investor Group, Inc.'s strong brands and audience of more than three million investors to drive subscription revenues to the Tradeworx.com site," said Narang.

About Individual Investor Group, Inc.

Individual Investor Group, Inc. is a financial media company with a portfolio of Internet and print properties that address the needs of (1) an expanding community of investment enthusiasts, (2) financial planners and brokers that serve that community, and (3) advertisers and business partners who want to reach that market. Reaching more than three million upscale, highly educated and Internet-savvy investors and financial professionals every month, the company's properties include: individualinvestor.com (http://www.individualinvestor.com), InsiderTrader.com (http://www.InsiderTrader.com), Individual Investor magazine, Ticker magazine and Individual Investor's Special Situations Report newsletter. For more information about Individual Investor Group, Inc., please visit the company's corporate web site at http://www.indi.com.

About Tradeworx, Inc.

Tradeworx, Inc. is the premier provider of cutting-edge, Web-based investment decision support products that offer personalized, scalable assistance to the retail investor at every stage of the investment process. Tradeworx, Inc. primarily distributes its Investment Research Platform (TM), Virtual Portfolio Manager (TM), Execution Support Platform (TM), and Interactive Investment Education (TM) products to the investor through partnerships with online and offline brokerage firms, as well as with providers of online financial information. Tradeworx, Inc. also provides sophisticated trading, portfolio management, risk management, and research applications to institutional investors.

Forward Looking Statements

Except for historical information, the above statements of this press release (including without limitation expressions of expectation, belief, anticipation or estimation of either Individual Investor Group, Inc. or Tradeworx, Inc. or their respective management) are forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. The forward-looking statements include, but are not limited to, statements related to traffic or revenue (advertising or subscription or both) related to either company's respective web sites, acquisition of subscribers to the Tradeworx. Inc. web site and acquisition of institutional customers by Tradeworx, Inc. These risks and uncertainties with respect to the either company's respective Internet services include, among others, the possibility that page views, advertising impressions and/or advertising revenue received by either company may decrease due to: increased competition; decreased demand for advertising on the respective web sites or on the Internet in general; decreases in the rates paid for Internet advertising resulting from competition or other factors; technical difficulties at either company, at any third-party serving online advertising or at various Internet service providers or other entities necessary to provide access to the companies' respective Internet sites that is satisfactory to the viewer; and decline in general economic conditions or in economic conditions specific to the Internet. There is a risk that due to the performance of Tradeworx, Inc., or general market conditions, or both, Individual Investor Group, Inc. may not be able to realize any value from its investment in Tradeworx, Inc. These risks and uncertainties related to Individual Investor Group, Inc. also include the risks detailed in the company's most recent Form 10-K filed with the SEC (which is available from the company or at http://www.sec.gov). These forward- looking statements speak only as of the date of this press release. After the issuance of this release, either company might come to believe that certain forward-looking statements contained in this release are no longer accurate. Neither company shall have any obligation, however, to release publicly any corrections or revisions to any forward-looking statements contained in this release.