Dice Inc.
                                                           tel: (212) 725-6550
Dice Inc.                                                 http://about.dice.com/
--------------------------------------------------------------------------------
For Immediate Release:
October 16, 2002

       DICE INC. REPORTS EBITDA OF $63,000 ON THIRD QUARTER 2002 REVENUES
                                 OF $7.8 MILLION
Launches New Version of Dice.com Recruiting Site with New Features and Tools for
                            Customers and Job Seekers

New York, NY--October 16, 2002--Dice Inc. (NASDAQ: DICE), the leading provider
of online recruiting services for technology professionals, today reported
results for the quarter ended September 30, 2002.

Quarterly Results
Revenues for the quarter were $7.8 million, a decrease of 7% compared to the
$8.4 million recorded in the second quarter of 2002 and a decrease of 40%
compared to the year ago quarter.

Earnings before interest, taxes, depreciation and amortization (EBITDA) totaled
$63,000 for the quarter, compared to $213,000 in the second quarter of this year
and $2.0 million in the third quarter of 2001. In each period, EBITDA excludes
the one-time items described below.

In the current quarter, Dice Inc. recorded a net loss of $(2.4) million, or
$(0.22) per share, excluding amortization of intangibles of $615,000, one-time
charges totaling $3.8 million for the noteholder options purchased in April 2002
and an arbitration award announced in August 2002, and a previously deferred
gain of $488,000 on the repurchase of convertible notes. Including amortization,
one-time charges, and the net gain, the net loss was $(6.4) million or $(0.58)
per share. In the second quarter, the company reported a net loss of $(2.4)
million, or $(0.22) per share, excluding amortization of intangibles of
$615,000. In the year ago quarter, Dice Inc. recorded a net loss of $(228,000),
or $(0.02) per share, excluding amortization of goodwill and intangibles of $4.2
million and a net gain of $5.6 million on the repurchase of convertible notes.

The revenue decrease compared to the prior quarter and to the third quarter of
2001 reflected the impact of a continued 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. The total
subscription customer base declined by 7% in the third quarter to approximately
2,600 from approximately 2,800 at June 30, compared to a 24% sequential decline
in the year ago quarter, and to a 4% sequential decline in the June 2002
quarter. The new Classified product line, launched in the second half of 2001,
has been sold to nearly 1,100 customers since January 1.

Dice continued to tighten its cost structure, while launching the new version of
its website and expanding its reach in a broader array of technology
disciplines. Cost of revenues and operating expenses (excluding depreciation,
amortization and one-time charges) were

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$450,000 less than in the previous quarter and $3.2 million less than a year
ago, a year over year reduction of 29%.

Comments from Management
"In September, we launched a new version of our dice.com recruiting website,
providing greater access to our tech talent pool as well as new features to our
job seekers," said Scot W. Melland, Chairman, President and CEO of Dice Inc. "At
the same time, we have broadened our reach into additional areas within the
technology sector, and have recently launched DiceDiversity, a new program to
help customers attract qualified technology candidates from diverse
backgrounds."

"Labor markets have continued to be vulnerable in this period of economic
uncertainty," Melland continued. "Even though the business environment is
difficult, we are continuing the strategic review process we launched in the
spring. While we did not exercise the noteholder options, we continue to
actively pursue a full range of strategic alternatives because we believe it is
important for our company to create the best long term capital structure for our
business and for us to manage our future proactively in this consolidating
industry."

Michael P. Durney, Senior Vice President and CFO of Dice Inc., commented
further, "We continue to demonstrate the ability to manage the cost structure of
the business in difficult markets to maximize our operating profit line. We
focus on each and every cost in our business relentlessly. Our cost control has
enabled us to generate, once again, positive EBITDA, as well as to invest our
capital where it matters most, namely, launching the new version of dice.com.

"We are winning new subscription customers to nearly offset the decline in total
customers resulting from reduced hiring needs or rapidly filled jobs. At the
same time, we are seeing a steady expansion in our classified customer base - as
this product better serves today's more limited hiring needs for many customers.
Coupled with the reduced cost structure, we are firmly positioned to reap gains
from this greater operating leverage when our customers' hiring needs increase.
As further evidence of the continuing trend of stabilization, our deferred
revenue has remained above $5 million throughout 2002.

"Our $9 million in cash is more than sufficient to manage through this cyclical
trough in the labor markets while servicing the carrying costs on the
convertible notes due in 2005," Durney continued.

Dice.com Customer Wins
Dice attracted 670 new and returning subscription customers in the current
quarter, compared to 720 last quarter and 620 in the third quarter of 2001, with
customer retention rates remaining comparable to the first and second quarters
of 2002. New and returning subscription customers during the quarter included
Rockwell Collins, Matsushita Avionics Systems, Baxter BioScience, Boeing, and
Compaq. In the Classified product line, Dice continued to demonstrate success in
broadening its awareness among direct employers, with new and repeat orders
booked from a wide range of customers.

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New Site Launch
In September, Dice launched a new version of its website, adding features and
functionality designed to give job seekers and customers faster, more efficient
tools and more control over their job search or recruiting experience.

The new site provides greater access to a larger and broader tech talent pool, a
new and improved look and feel, and a series of features that make the site more
useful to both customers and job seekers. A key new customer benefit is the
ability to search the database for passive job seekers - candidates who are not
actively looking, but willing to consider the right opportunity. This group
represents a significant new addition of searchable, unique tech skills, and
further enhances the quality of talent Dice provides to its customers. Job
seekers can also elect to remain confidential and can take advantage of many job
search enhancements - all designed to streamline users' experience with the
site.

Cash Flows
--------------------------------------------------------------------------------
Cash Flow Components                                    Quarterly Comparison
(unaudited, $ in thousands)
--------------------------------------------------------------------------------
                                                       Q3 02             Q3 01
--------------------------------------------------------------------------------
EBITDA(1)                                              $63               $2,027
Payments of accrued restructuring costs                 --                 (904)
Capital expenditures                                  (729)              (1,599)
Interest payment (semi-annual)                      (2,430)              (2,843)
Repurchase of Notes                                     --               (2,982)
Working capital and other, net                        (568)                (240)
Net Change in Cash and Marketable Securities       $(3,664)             $(6,541)

(1)   EBITDA is calculated by adding back interest, taxes, depreciation and
      amortization, restructuring and one-time charges, net, write-off of
      noteholder options, and gain on repurchase of convertible notes, net, to
      net income (loss) before change in accounting principle; see full
      description in the attached Consolidated Statements of Operations.


Capital expenditures totaled $729,000 for the three months ended September 30,
2002, the majority of which was related to development of and hardware purchases
for the new version of the dice.com website launched this quarter.

Other Items during the Quarter
During the quarter, Dice recorded a $1.0 million charge for the arbitration
award announced in August 2002 relating to the purchase of certain websites by
EarthWeb Inc. (now known as Dice Inc.) in 1999 from Mr. Scott Wainner. Dice has
not made any payment on this award, and is seeking to recover that amount from
Jupitermedia Corporation (formerly known as INT Media and internet.com) under
the terms of the Asset Purchase Agreement of December 2000 pursuant to which
Jupitermedia acquired these websites from the company. The probability of
recovery is not determinable, and thus the entire amount of the award was
recorded as an expense in the third quarter. The company also recorded a
previously deferred gain of $488,000 (net of deferred financing costs) from the
repurchase of $1.76 million in convertible subordinated notes for $1.24 million
in cash in April 2002 and a charge of $2.8 million

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reflecting the cost of the option agreements with three bondholders announced in
April 2002, as the options were not exercised prior to their expiration on
October 3, 2002.

The company recorded a charge related to the early termination of a portion of
its lease in Des Moines, which will be paid during 2003 through 2007, and a
charge for severance, which will be paid in the fourth quarter of 2002. These
and other small items were partially offset by the favorable resolution of
outstanding liabilities from the content business and the reversal of a portion
of the accruals for year-end bonuses recorded earlier in 2002. The net expense
from these items was $175,000, which is included in EBITDA.

Selected Performance Data
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
Quarterly Results
(unaudited, $ in thousands)
-------------------------------------------- ------------- ------------- ------------ ------------- ----------
                                                    Q3 02         Q2 02        Q1 02         Q4 01      Q3 01
-------------------------------------------- ------------- ------------- ------------ ------------- ----------
<S>                                                <C>          <C>          <C>           <C>        <C>
Total revenues                                     $7,823        $8,422       $9,085       $10,656    $13,019
Dice.com revenues                                  $6,962        $7,355       $8,136        $9,341    $11,614
MeasureUp revenues                                   $861        $1,067         $949        $1,315     $1,405
Gross margin                                          89%           90%          90%           89%        91%
Sales & marketing exp. (% of Rev.)                    56%           58%          57%           46%        46%
EBITDA(1)                                             $63          $213         $143          $857     $2,027

Cash balance (end of period)(2)                    $9,036       $12,700      $20,861       $24,833    $25,215
Total subscription customer accounts(3)             2,600         2,800        2,900         3,000      3,900
Classified accounts sold(4)                           460           420          400           240        230

</TABLE>

(1)   EBITDA is calculated by adding back interest, taxes, depreciation and
      amortization, restructuring and one-time charges, net, write-off of
      noteholder options, and gain on repurchase of convertible notes, net, to
      net income (loss) before 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. Dice currently anticipates that revenues
for the fourth quarter of 2002 will be $7.1 to $7.3 million, with an EBITDA loss
of $(0.5) to $(0.7) million and a net loss of $(3.3) to $(3.5) million, or
$(0.30) to $(0.32) per share, excluding amortization of intangibles of $615,000.
The company's cash balance is anticipated to be $8.0 to $8.5 million at the end
of December, excluding the impact of any payment related to the Wainner
arbitration award.

NASDAQ Notification
Dice received a NASDAQ Staff Determination on October 8, 2002, indicating that
the Company fails to comply with the $3.00 minimum bid price requirement for
continued listing set forth in Marketplace Rule 4450(b)(4) and that its common
stock is, therefore, subject to delisting from the NASDAQ National Market. On
October 15, 2002, the company requested a hearing before a NASDAQ Listing
Qualifications Panel to review the Staff Determination.

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There can be no assurance that the Panel will grant the Company's request for
continued listing. Throughout the review process, Dice's common stock will
continue to be listed on the NASDAQ National Market.

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 (http://www.firstcallevents.com/service/
ajwz366454116gf12.html) and Street Events (www.streetevents.com, subscribers
only). An audio replay of the call will be available for 30 days at
1-800-428-6051, passcode: 263060, 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 contains 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, except as required by law.

Company Contact Information                        Media Contact Information
Michael P. Durney                                  Claudine Cornelis
Senior Vice President, Finance and                 Stephanie Sampiere
Chief Financial Officer                            FD Morgen-Walke
                                                   tel: 212-850-5600
Constance Melrose
Vice President, Treasury and Investor Relations    Investor Relations Contact
                                                     Information
Dice Inc.                                          Richard Schineller
ir@dice.com                                        3rd Millennium
tel: 212-725-6550                                  rich@3rd-mm.com
                                                   tel: 973-244-7800, ext. 1711

                           Financial Tables to Follow




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<TABLE>
<CAPTION>

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


                                                             Three Months Ended               Nine Months Ended
                                                                September 30,                   September 30,
                                                      ---------------------------------- -----------------------------
                                                           2002              2001             2002           2001
                                                      ---------------- ----------------- ---------------- ------------
<S>                                                        <C>           <C>               <C>            <C>
Revenues                                                   $7,823        $13,019           $25,330        $45,641
Cost of revenues                                              871          1,157             2,646          3,855
                                                          -------       --------          --------        -------
Gross profit                                                6,952         11,862            22,684         41,786
                                                          -------       --------          --------        -------
Operating expenses:
  Product development                                         461          1,128             1,587          3,797
  Sales and marketing                                       4,346          5,938            14,343         23,656
  General and administrative                                2,082          2,769             6,335          8,121
  Depreciation                                              1,197          1,000             3,719          2,736
  Amortization                                                615          4,223             1,942         12,241
  Restructuring and one-time charges, net                   1,025             --             1,025            270
                                                          -------       --------          --------        -------
     Total operating expenses                               9,726         15,058            28,951         50,821
                                                          -------       --------          --------        -------
Loss from operations                                       (2,774)        (3,196)           (6,267)        (9,035)
Gain on repurchase of convertible notes, net (1)              488          5,609               488          5,609
Write-off of noteholder options                            (2,821)            --            (2,821)            --
Interest and other income (expense), net                   (1,303)        (1,255)           (3,816)        (3,471)
                                                          -------       --------          --------        -------
Net income (loss) before change in accounting principle    (6,410)         1,158           (12,416)        (6,897)
  Cumulative effect of change in accounting principle          --             --            (6,418)            --
                                                          -------       --------          --------        -------

Net income (loss)                                         $(6,410)       $ 1,158          $(18,834)       $(6,897)
                                                          =======       ========          ========        =======
Net income (loss) per share before change in
  accounting principle                                    $ (0.58)       $  0.11          $  (1.14)       $ (0.66)
  Cumulative effect per share of change in accounting
    principle                                                  --             --             (0.59)            --
                                                          -------       --------          --------        -------

Basic and diluted net income (loss) per share             $ (0.58)       $  0.11          $  (1.73)       $ (0.66)
                                                          =======       ========          ========        =======
Weighted average shares of common stock outstanding        11,035         10,593            10,913         10,497
                                                          =======       ========          ========        =======
Supplemental Financial Data:
EBITDA (2)                                                $    63        $ 2,027           $   419        $ 6,212
                                                          =======       ========          ========        =======
Net income (loss) excluding amortization and
 one-time charges (3)                                     $(2,437)       $  (228)          $(7,116)       $     5
                                                          =======       ========          ========        =======
Net income (loss) per share excluding amortization
 and one-time charges (4)                                 $(0.22)        $(0.02)          $ (0.65)       $  0.00
                                                          =======       ========          ========        =======

</TABLE>

1)   The Company early adopted FAS 145 and has reclassified the gain recorded in
     2001.
2)   EBITDA is calculated by adding back interest, taxes, depreciation and
     amortization, restructuring and one-time charges, net, write-off of
     noteholder options, and gain on repurchase of convertible notes, net, to
     net income (loss) before 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) as a measure of the Company's liquidity.
3)   Calculated by adding back amortization, restructuring and one-time charges,
     net, write-off of noteholder options, and gain on repurchase of convertible
     notes, net, to net income (loss) before 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.
4)   Calculated by dividing net income (loss) excluding amortization and
     one-time charges by the weighted average shares of common stock outstanding
     for the respective periods.

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                                    Dice Inc.
                      Condensed Consolidated Balance Sheets
                                 (in thousands)
                                   (unaudited)



                                                     September 30,  December 31,
                                                        2002            2001
                                                     -------------  ------------
ASSETS:

Current assets:

  Cash and cash equivalents                              $ 6,034     $ 20,225
  Marketable securities                                    3,002        4,608
                                                         -------     --------
    Total cash and marketable securities                   9,036       24,833


  Accounts receivable, net                                 1,702        2,708
  Prepaid expenses and other current assets                2,857        3,872
                                                        --------     --------
    Total current assets                                  13,595       31,413

Fixed assets, net                                          8,997        9,993
Intangible assets, net                                     3,280        5,222
Goodwill                                                  16,605       23,023
Restricted cash                                            1,057        1,057
Other assets, net                                          1,350        2,295
                                                        --------     --------
    Total assets                                        $ 44,884     $ 73,003
                                                        ========     ========
LIABILITIES & STOCKHOLDERS' (DEFICIT) EQUITY:

Current liabilities:

  Accounts payable and accrued expenses                  $ 4,874      $ 6,457
  Accrued interest                                           908        2,178
  Deferred revenue                                         5,053        5,506
  Amounts due under acquisition agreements                    --        4,000
  Leases and notes payable                                   858        1,237
                                                        --------     --------
    Total current liabilities                             11,693       19,378

Long term debt                                            69,434       71,200
Leases payable                                               509          793
Other liabilities                                            845          815
Commitments and contingencies                                 --           --

Total stockholders' (deficit) equity                     (37,597)     (19,183)
                                                        --------     --------
    Total liabilities & stockholders' (deficit)
     equity                                             $ 44,884     $ 73,003
                                                        ========     ========


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