Dice Inc.
                                                          tel: (212) 725-6550
Dice Inc.                                                 http://about.dice.com/
--------------------------------------------------------------------------------
For Immediate Release:
July 24, 2002



           DICE INC. posts $213,000 in EBITDA on quarterly revenues of
                                  $8.4 million
                12th Consecutive Quarter of EBITDA Profitability



New York, NY--July 24, 2002--Dice Inc. (Nasdaq: DICE), the leading provider of
online recruiting services for technology professionals, today reported results
for the quarter ended June 30, 2002.


Quarterly Results
Revenues for the quarter were $8.4 million, a decrease of 7% compared to the
$9.1 million recorded in the first quarter of 2002 and of 46% compared to the
year ago quarter.



Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled
$213,000 for the quarter, compared to $143,000 in the first quarter of this year
and $2.0 million in the second quarter of 2001. This quarter marks the 12th
consecutive quarter of EBITDA profitability for the company's existing business
(dice.com and MeasureUp businesses).

Dice Inc. recorded a cash net loss of $(2.4) million, or $(0.22) per share, in
the current quarter, excluding amortization of intangibles of $615,000. In the
first quarter, the company reported a cash net loss of $(2.3) million, or
$(0.21) per share, excluding amortization of intangibles of $712,000. In the
second quarter of 2001, the company recorded a cash net loss of $(134,000), or
$(0.01) per share, excluding amortization of goodwill and intangibles of $4.2
million.

The revenue decrease compared to the prior quarter and to the second quarter of
2001 reflected the impact of a weak business environment on demand for
technology job postings from customers and the cumulative impact of net
decreases in the number of customer accounts over the previous year. However,
the total subscription customer base declined by 4% in this quarter to
approximately 2,800 from approximately 2,900 at March 31, compared to a 19%
decline in the year ago quarter and a 3% decline in the March 2002 quarter. The
March 2002 quarter generated the smallest quarterly decline experienced both in
absolute and percentage terms since March 2001. The new Classified product line,
launched in the second half of 2001, has been sold to over 700 customers since
January 1.

Dice continued to reduce its cost structure as the difficult business and
economic environment persisted, while maintaining its product development and
marketing programs targeted to reach new customers and job seekers in a broader
array of technology disciplines. Cost of


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revenues and operating expenses (excluding depreciation, amortization and
one-time charges) were $733,000 less than in the previous quarter, and $5.3
million less than a year ago, a reduction of 39%.

During the quarter, Dice performed the impairment tests on goodwill and other
intangible assets of its individual reporting units required by the new
accounting rules relating to goodwill and other intangible assets. The
cumulative effect of change in accounting principle was determined to be $6.4
million or $0.59 per share, related to the MeasureUp businesses, and has been
recorded in the second quarter of 2002.


Comments from Management
"We see continued evidence of stabilization of demand in our markets," said Scot
W. Melland, President and CEO of Dice Inc. "Customer retention rates remain at
the improved levels of last quarter, the job count on Dice is steady, and
customer satisfaction remains high. Our expansion into new areas across the
technology sector, such as aerospace and biotech, has benefited Dice by bringing
us new jobs, broader job seeker skills and new customers."

"Top companies in the technology sector continue to choose Dice to power tech
career centers, demonstrating our leadership position in the industry," Melland
continued. "Most recently, we were selected to power the job boards for Oracle's
OTN Skills Marketplace, the training and certification section of Cisco's
website, and OSDN's Slashdot.org -- a leader in Open Source technology."

Michael P. Durney, Senior Vice President and CFO of Dice Inc., commented
further, "Our financial performance demonstrates our focus on enhancing
operating leverage and managing our business efficiently. This quarter, we
reduced our operating costs an additional 8% sequentially and by 39% year over
year. Our more than $12 million in cash at the end of the quarter continues to
provide the resources to operate the business in an extremely difficult market
and to plant the seeds for growth."

"As a further concrete sign of stabilization in our business, during the quarter
we experienced customer billings at the same level as revenues recognized for
the first time since March 2001, resulting in deferred revenue remaining
constant at $5.3 million from March 31 to June 30."

"In April we announced specific actions aimed at increasing stockholder value by
negotiating an option to repurchase our debt on potentially favorable terms in
the event of a change of control, and by launching an initiative to address our
strategic alternatives in this period of rapid industry consolidation," Durney
continued. "To date, we have met the milestones required in the option
agreements and we continue to actively pursue a full range of strategic
alternatives."


Dice.com Customer Wins
Dice attracted over 700 new and returning subscription customers in the current
quarter, compared to 800 last quarter and 400 in the fourth quarter of 2001, and
continued to improve its customer retention rates, indicating a continuing
stabilization in the demand for the company's services.


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New and returning customers during the quarter included DHL Worldwide Express,
Fujitsu Technology, Motorola, USAA, Fluor Corporation, Micron Technology and
Charles Schwab. Additionally, customers who renewed long term contracts during
the quarter included GlaxoSmithKline, Office Depot and TAC Worldwide.

In the Classified product line, Dice continued to demonstrate success in
broadening its awareness among direct employers, with orders booked from a wide
range of customers including prominent universities and Fortune 500 companies.
The stability of the job count on Dice throughout the first six months of 2002
reflects in part the benefit of reaching new customers through an expansion into
broader areas of technology, such as aerospace and biotech, which now account
for approximately 5% to 10% of jobs posted on the site.


Business Development and Marketing
During the quarter, Dice announced that it is providing Cisco-related job
listings and career tools to the training and certification section of the Cisco
website. These career opportunities pages are designed to assist certification
holders in finding jobs requiring Cisco certification, identifying resources and
learning about others who have successfully used their certification to enhance
their professional careers.

In July, Dice also announced that it has developed a private label career center
(named OTN Skills Marketplace) for Oracle Corp.'s online developer community -
Oracle Technology Network (OTN). The OTN Skills Marketplace, developed using the
Dice platform and technology, provides services to Oracle's developer community
and is designed to enhance Oracle's value to its network by providing them with
targeted job opportunities and career related tools.

Dice now powers job boards for technology professionals on behalf of Oracle,
Cisco, IBM, Novell, CNET and, also added in July, OSDN, a leader in Open Source
technology.

In May, Dice and the Information Technology Association of America (ITAA)
released the results of the first ever ITAA/ Dice Tech Skills Profile. The Tech
Skills Profile, compiled from dice.com job listings data, shows that technology
remains a strong sector, with hard tech skills, including C++, Oracle, SQL, and
Java, remaining in demand. This new information augments the annual ITAA
Workforce Study and offers further insight into the key trends in the technology
job market, and reflects Dice's leadership role in providing information for the
technology hiring community.


MeasureUp
During the quarter, MeasureUp was first-to-market with the release of two
Microsoft practice tests for the new .NET certification exams. The newly
released practice tests map directly to the new Microsoft exams. Microsoft
endorses MeasureUp as a Microsoft Certified Practice Test Provider, which deems
MeasureUp as a quality provider of Microsoft Practice Tests. MeasureUp must
adhere to strict ethical guidelines, as well as Microsoft objective standards,
in order to receive the Microsoft Practice Test Provider title.


Option to Repurchase Convertible Notes and Financial Advisor

On April 3, Dice announced that it has negotiated the right to repurchase $53.02
million face amount (or 74% of the total) of its 7% convertible subordinated
notes due January 2005 (the "Notes") from three of its largest noteholders, upon
certain change of control events, at prices ranging from 70% to 110% of face
value, plus accrued interest through the date of repurchase. The actual
repurchase price will depend upon the amount received by the company or its
stockholders as a result of the change of control event, increasing to the
maximum as proceeds to stockholders increase. The company's repurchase option
expires on October 3, 2002, although it may be extended for an additional three
months under certain conditions.

In consideration for entering into these agreements, the company paid $1,856,000
in the aggregate to the three holders, which amount, along with advisory and
legal costs associated with the transactions, is reflected on the balance sheet
in prepaid expenses and other current assets. In addition, the company
repurchased $1,766,000 aggregate principal amount of Notes from one of the
holders for $1,236,000 in cash, plus accrued interest. The resulting gain of
$488,000 (net of the write-off of corresponding deferred financing costs) has
been deferred until the exercise of the option or expiration of the option
period. As a result of the repurchase transaction, the company's outstanding
debt was reduced to $69.4 million and future semi-annual interest payments have
been reduced to $2.43 million.




The company also announced that it has retained UBS Warburg as its financial
advisor in connection with an exploration of strategic alternatives. The
company's Board of Directors has authorized management and its financial advisor
to explore strategic alternatives that would maximize shareholder value,
including debt restructuring or refinancing, mergers, sales, strategic alliances
or other similar strategic alternatives.

Cash Flows


Cash Flow Components                               Quarterly Comparison
(unaudited, $ in thousands)
                                               Q2 02                  Q2 01

EBITDA(1)                                       $   213                 $ 2,024

Payments of accrued restructuring costs              --                  (1,834)
Capital expenditures                               (610)                 (1,791)
Acquisition earn out payments                    (4,000)                 (5,214)
Notes repurchase and option consideration        (3,092)                      --
Working capital and other, net(2)                  (672)                  1,842
Net Change in Cash and Marketable Securities    $(8,161)                $(4,973)


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(1)  EBITDA is calculated by adding back interest, taxes, depreciation and
     amortization, and restructuring and one-time charges, net, to net income
     (loss) before cumulative effect of change in accounting principle; see full
     description in the attached Consolidated Statements of Operations.

(2)  Includes legal and advisory costs associated with the Notes repurchase
     option.

Capital expenditures totaled $610,000 for the three months ended June 30, 2002.
Substantially all of this amount was related to development of and hardware
purchases for the new version of the dice.com website scheduled to be launched
in the third quarter of 2002.



Cumulative Effect of Change in Accounting Principle

Second quarter 2002 results reflect Dice's adoption of the provisions of
Statement of Financial Accounting Standards No. 142 "Goodwill and Other
Intangible Assets" (SFAS 142). Under SFAS 142, goodwill and other intangible
assets with indefinite lives are no longer amortized beginning January 1, 2002;
new measurement techniques are provided for goodwill and other intangible assets
resulting from business combinations.

During the quarter, Dice performed the impairment tests on goodwill and other
intangible assets required by SFAS 142, which resulted in a one-time, non-cash
charge recorded in the second quarter of 2002 that reduced the carrying value of
Dice's goodwill (related to the acquisition of the MeasureUp business units) by
approximately $6.4 million or $0.59 per share. This charge reflects the
cumulative effect of adopting the accounting change and does not affect Dice's
operations or cash flows.



Other Items during the Quarter

During the quarter, the company recorded $156,000 in revenue (attributable to
the second half of 2001 and the first quarter of 2002) which resulted from the
resolution of a billing issue related to a certification preparation product
licensing contract. The quarter's results also included legal expenses
associated with a previously disclosed arbitration matter and expenses
associated with the termination of a sublease for office space in Boston which
had been sublet to a third party; these items were offset by the favorable
resolution of outstanding liabilities from the content business. The net benefit
from these items was $12,000, which is reflected in general and administrative
expenses. During the quarter, the company wrote off a total of $184,000 of
capitalized costs related to the development of the Apollo version of the
dice.com website, which the company deemed to have no further value based on the
progress of launching the Gemini version of the site in the third quarter of
2002. This write-off is included in depreciation expense.

Performance Highlights


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<TABLE>


<CAPTION>

Selected Performance Data                                                   Quarterly Results
(unaudited, $ in thousands)

                                                     Q2 02         Q1 02          Q4 01          Q3 01         Q2 01

<S>                                                 <C>             <C>           <C>             <C>          <C>

Total revenues                                         $ 8,422       $ 9,085        $10,656        $13,019       $15,522
Dice.com revenues                                      $ 7,355       $ 8,136        $ 9,341        $11,614       $13,988
MeasureUp revenues                                     $ 1,067       $   949        $ 1,315        $ 1,405       $ 1,534
Gross margin                                                90%           90%            89%            91%           91%
Sales & marketing exp. (% of Rev.)                          58%           57%            46%            46%           52%
EBITDA (1)                                             $   213       $   143        $   857        $ 2,027       $ 2,024

Cash balance (end of period)(2)                        $12,700       $20,861        $24,833        $25,215       $31,756
Total subscription customer accounts(3)                  2,800         2,900          3,000          3,900         5,500
Classified accounts sold(4)                                420           400            240            230            --

</TABLE>

(1)  EBITDA is calculated by adding back interest, taxes, depreciation and
     amortization, and restructuring and one-time charges, net, to net income
     (loss) before cumulative effect of change in accounting principle; see full
     description in the attached Consolidated Statements of Operations.

(2)  Includes marketable securities.

(3)  Total period-end customer accounts at dice.com, previously reported
     separately as member and enterprise customer accounts.

(4)  Number of customers purchasing classified job postings during the quarter.


Current Business Outlook

Many external economic indicators have continued to show weakness in the labor
markets and corporate spending overall, although some indicators in the labor
markets have shown improvement in recent weeks. The months of July and August
are traditionally slow for generating new customers, who tend to wait until
Labor Day to make recruiting decisions.

Based on the above, Dice currently anticipates that total revenues in the third
quarter of 2002 will be approximately $8.0 to $8.1 million, with an EBITDA loss
of approximately $(0.1) to $(0.2) million and a cash net loss of approximately
$(2.7) to $(2.8) million, or $(0.25) to $(0.26) per share. The cash net loss per
share estimate excludes amortization of intangibles. The company's cash balance
is anticipated to be approximately $9 to $10 million at the end of September,
reflecting the $2.43 million interest payment due in July.

The company intends to provide an update of its views on performance for the
remainder of 2002 during mid September 2002, after the seasonally slow summer
months in recruitment advertising and the launch of the new dice.com website.


Conference Call Information

Today's earnings conference call at 11:00 a.m. Eastern Time will be webcast live
via Dice's Investor Relations website http://about.dice.com (click on "Live
Webcast"), PRNewswire


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(http://www.firstcallevents.com/service/ajwz361713349gf12.html), and Street
Events (www.streetevents.com, subscribers only). An audio replay of the call
will be available for 30 days at 1-888-286-8010, passcode: 52062, shortly after
the call and webcast are completed.


About Dice Inc.
Dice Inc. (Nasdaq: DICE, http://about.dice.com) is the leading provider of
online recruiting services for technology professionals. Dice Inc. provides
services to hire, train and retain technology professionals through dice.com,
the leading online technology-focused job board, as ranked by Media Metrix and
IDC, and MeasureUp, a leading provider of assessment and preparation products
for technology professional certifications.


Corporate Profile
Dice Inc.'s corporate profile can be viewed by clicking on Investor Relations at
http://about.dice.com.

This press release may be deemed to contain forward-looking information. Any
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements, including statements as to industry trends, future economic
performance, anticipated profitability, anticipated revenues and expenses, and
products or service line growth, may be significantly and materially impacted by
certain risks and uncertainties, including, but not limited to, failure to meet
operating objectives or to execute the operating plan, competition, and other
economic factors. Additional risks and uncertainties are described in the
Company's public filings with the Securities and Exchange Commission. Any
forward-looking information in or referred to by this press release is current
only as of the date of publication, and Dice Inc. disclaims any obligation to
update this information.



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<TABLE>

<S>                                                            <C>

Company Contact Information                                    Media Contact Information
Michael P. Durney                                              Claudine Cornelis
Senior Vice President, Finance and                             Laura Novak
Chief Financial Officer                                        Morgen-Walke Associates
                                                               tel: 212-850-5600
Constance Melrose
Vice President, Treasury and Investor Relations                Investor Relations Contact Information
                                                               Richard Schineller
Dice Inc.                                                      3rd Millennium
ir@dice.com                                                    rich@3rd-mm.com
tel: 212-725-6550                                              tel: 973-633-0888, ext. 110

                           Financial Tables to Follow

</TABLE>


<PAGE>


                                    Dice Inc.
                 Condensed Consolidated Statements of Operations
                    (in thousands, except per share amounts)
                                   (unaudited)

<TABLE>

<CAPTION>

                                                                        Three Months Ended                   Six Months Ended
                                                                             June 30,                            June 30,
                                                                  -------------------------------     -----------------------------
                                                                      2002             2001               2002             2001
                                                                  --------------  ---------------     --------------   ------------
<S>                                                              <C>              <C>                 <C>              <C>


 Revenues                                                              $  8,422         $ 15,522          $  17,507       $ 32,622
 Cost of revenues                                                           843            1,321              1,775          2,698
                                                                  --------------  --------------      -------------    ------------
 Gross profit                                                             7,579           14,201             15,732         29,924
                                                                  --------------  --------------      -------------    ------------
 Operating expenses:
        Product development                                                 501            1,294              1,127          2,668
        Sales and marketing                                               4,855            8,141              9,997         17,718
        General and administrative                                        2,010            2,742              4,252          5,376
        Depreciation                                                      1,320              948              2,521          1,736
        Amortization                                                        615            4,223              1,327          8,018
        Restructuring and one-time charges, net                              --               --                 --            270
                                                                  --------------  --------------      -------------    ------------
            Total operating expenses                                      9,301           17,348             19,224         35,786
                                                                  --------------  --------------      -------------    ------------
 Loss from operations                                                    (1,722)          (3,147)            (3,492)        (5,862)
 Interest and other income (expense), net                                (1,300)          (1,210)            (2,514)        (2,191)
                                                                  --------------  --------------      -------------    ------------
 Net loss before cumulative effect of change in accounting
       principle                                                         (3,022)          (4,357)            (6,006)        (8,053)
 Cumulative effect of change in accounting principle                     (6,418)              --             (6,418)            --

                                                                  --------------  --------------      -------------    -------------
 Net loss                                                              $ (9,440)        $ (4,357)         $ (12,424)      $ (8,053)
                                                                  ==============  ===============     ==============   =============

 Net loss per share before cumulative effect of change in
        accounting principle                                           $  (0.28)        $  (0.42)         $   (0.55)      $  (0.77)
 Cumulative effect per share of change in accounting
        principle                                                         (0.59)              --              (0.59)            --
                                                                  --------------  ---------------     --------------   -----------

 Basic and diluted net loss per share                                  $  (0.87)        $  (0.42)         $   (1.14)      $  (0.77)
                                                                  ==============  ===============     ==============   =============

 Weighted average shares of common stock outstanding                     10,892           10,467             10,851         10,448
                                                                  ==============  ===============     ==============   ============


 Supplemental Financial Data:

 EBITDA (1)                                                            $    213         $  2,024          $     356       $  4,162
                                                                  ==============  ===============     ==============   =============

 Cash net income (loss)  (2)                                           $ (2,407)        $   (134)         $  (4,679)      $    235
                                                                  ==============  ===============     ==============   =============

 Cash net income (loss) per share (3)                                  $  (0.22)        $  (0.01)         $   (0.43)      $   0.02
                                                                  ==============  ===============     ==============   =============

</TABLE>

1)   EBITDA is calculated by adding back interest, taxes, depreciation and
     amortization, and restructuring and one-time charges, net, to net income
     (loss) before cumulative effect of change in accounting principle. EBITDA
     should not be considered an alternative to operating income (as determined
     in accordance with generally accepted accounting principles), as a measure
     of the Company's operating performance, or as an alternative to cash flows
     from operating activities (as determined in accordance with generally
     accepted accounting principles) or as a measure of the Company's liquidity.



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2)   Cash net income (loss) is calculated by adding back amortization and
     restructuring and one-time charges, net, to net income (loss) before
     cumulative effect of change in accounting principle. It is not intended to
     reflect our actual net income (loss) per share, cash flows from operations
     or net cash flows, as determined under generally accepted accounting
     principles and reported in our periodic quarterly filing with the
     Securities and Exchange Commission.

3)   Cash net income (loss) per share is calculated by dividing cash net income
     (loss) by the weighted average shares of common stock outstanding for the
     respective periods.


                                    Dice Inc.
                      Condensed Consolidated Balance Sheets
                                 (in thousands)
                                   (unaudited)
<TABLE>
                                                                            June 30,           December 31,
                                                                              2002                2001

                                                                        ------------------  ------------------
<S>                                                                     <C>                 <C>

ASSETS:
Current assets:
       Cash and cash equivalents                                                 $  9,654            $ 20,225
       Marketable securities                                                        3,046               4,608
                                                                        -----------------   ------------------
             Total cash and marketable securities                                  12,700              24,833

       Accounts receivable, net                                                     2,106               2,708
       Prepaid expenses and other current assets                                    5,814               3,872
                                                                        -----------------   -----------------
             Total current assets                                                  20,620              31,413
Fixed assets, net                                                                   9,225               9,993
Intangible assets, net                                                              3,895               5,222
Goodwill                                                                           16,605              23,023
Restricted cash                                                                     1,057               1,057
Other assets, net                                                                   1,649               2,295
                                                                        -----------------   -----------------
             Total assets                                                        $ 53,051            $ 73,003
                                                                        =================   =================

LIABILITIES & STOCKHOLDERS' (DEFICIT) EQUITY:
Current liabilities:
       Accounts payable and accrued expenses                                     $  4,944            $  6,457
       Accrued interest                                                             2,123               2,178
       Deferred revenue                                                             5,260               5,506
       Amounts due under acquisition agreements                                        --               4,000
       Leases and notes payable                                                       895               1,237
       Deferred gain on repurchase of notes, net                                      488                  --
                                                                        -----------------   -----------------
             Total current liabilities                                             13,710              19,378
Long term debt                                                                     69,434              71,200
Leases payable                                                                        465                 793
Other liabilities                                                                     792                 815
Commitments and contingencies                                                          --                  --



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Total stockholders' (deficit) equity                                              (31,350)            (19,183)
                                                                        ------------------  ------------------

            Total liabilities & stockholders' (deficit) equity                   $ 53,051            $ 73,003
                                                                        ==================  ==================

</TABLE>