Exhibit 99.1

For Immediate Release:
June 24, 2003


              DICE ANNOUNCES CONFIRMATION OF REORGANIZATION PLAN TO
                        ELIMINATE $69.4 MILLION OF DEBT
                   Company to Emerge as Privately Held Entity


New York,  NY-- June 24,  2003-- Dice Inc.  (OTC  Bulletin  Board:  DICEQ) today
announced that the U.S.  Bankruptcy Court for the Southern  District of New York
has  confirmed  its  pre-arranged  Joint  Plan of  Reorganization  (the  "Plan")
proposed  by  the  Company  and  by  Elliott   Associates,   L.P.   and  Elliott
International,  L.P. (together,  "Elliott"), which hold approximately 48% of the
Company's Convertible Subordinated Notes (the "Notes").

The Plan received  overwhelming  approval by shareholders and bondholders,  with
both  classes  entitled to vote having  done so by  substantially  more than the
margins  required for acceptance by each class.  According to the final count of
ballots  received  by the voting  deadline,  98.7% of the shares that were voted
were in favor of the Plan.  Holders of 92% of the principal  amount of the Notes
voted;  100% of those Notes were voted in favor of the Plan.  No  objections  to
confirmation  of the Plan were received.  The Company is targeting June 30, 2003
as the Effective Date for emergence from Chapter 11.

"We have  continued  to deliver the  highest  quality  service to our  customers
during the process of reorganizing our capital structure," said Scot W. Melland,
chairman and chief  executive  officer of Dice Inc.  "The ongoing  operations of
Dice and MeasureUp  were not affected.  In fact, we have been able to strengthen
our market  position,  introduce many  enhancements to our service,  and win new
customers."

"Our  performance  reflects the hard work of our employees,  the strength of our
brand, and the quality of our relationships,"  continued Melland. "We appreciate
the continued loyalty of our customers and the strong support of the Plan by all
stakeholder groups."

"The Plan confirmed today will eliminate all of the outstanding Notes via a debt
for equity exchange,  from which we will emerge as a privately held, essentially
debt-free  company  with a solid  financial  position,"  said Michael P. Durney,
senior vice president and chief  financial  officer of Dice Inc. "The dedication
of our  employees and support from our  stakeholders  has enabled us to complete
this  process  rapidly  and  efficiently  (within  130  days),  well  within the
timetable announced in February."

"Our  business  continues to generate  positive  cashflow,  and after paying all
claims and costs  associated with the  restructuring  process,  Dice will emerge
with  more than  enough  cash to  continue  to grow our  business  and serve our
customers," said Durney.

Joint Plan of Reorganization

As  previously   reported,   the  Plan  provides  for  the   extinguishment   of
approximately  $69.4 million in aggregate face amount of the Company's  Notes in
exchange for 19,000 shares,  or

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95%, of  Reorganized  Dice  Common  Stock.  Upon the  Company's  emergence  from
bankruptcy, Elliott will own approximately 46% of Reorganized Dice.

The Plan also provides for the 130 largest current Dice  shareholders to receive
a pro rata allocation of 1,000 shares,  or 5%, of Reorganized Dice Common Stock.
The remainder of  shareholders  will receive a pro rata allocation of $50,000 in
cash.  Stockholders  who would receive less than an aggregate of $5.00 for their
shares will not  participate in the cash  distribution.  In addition to their 5%
ownership,  existing  Dice  shareholders  who receive new common stock will also
receive  warrants to acquire an additional 8% of Reorganized  Dice Common Stock.
These warrants will have an exercise price which would equate to an equity value
for the Reorganized  Company of $69.4 million in the aggregate.  Under the Plan,
all of the  Company's  currently  outstanding  capital stock and options will be
canceled.

On the Effective Date, the Company will make payments to creditors as determined
under the Plan and will initiate the process of canceling its existing stock and
distributing  Reorganized  Dice Common Stock.  The process of  distributing  new
stock and cash to existing Dice  shareholders  and  exchanging new stock for the
Notes will take several weeks.

On the Effective Date, the Company will also begin the process of  deregistering
its existing common stock, and as a result, will become privately held.

About Dice Inc.

Dice Inc.  (OTC Bulletin  Board:  DICEQ,  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 its
two operating companies,  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 at http://about.dice.com.

Cautionary Statement Regarding Forward-Looking Information and Other Matters

Statements made by Dice which address activities, events or developments that we
expect  or  anticipate  may  occur  in  the  future,  including  certain  of the
information  contained in this release, the joint plan of reorganization and the
disclosure statement, are forward-looking  statements that reflect the Company's
current   views  with  respect  to  current  and  future  events  and  financial
performance. 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   the   proposed
restructuring plan, proposed new capital structure,  or proposed private company
structure,  may be  significantly  and materially  impacted by certain risks and
uncertainties.  These risks and uncertainties  include,  but are not limited to,
failure  to obtain  necessary  bankruptcy  court  approvals,  loss of  continued
support of the plan by the Company's co-proponent,  delays in the effective date
of the plan  due to  factors  beyond  the  Company's  control,  failure  to meet
operating  objectives  or  to  execute  the  operating  plan,  failure  to  meet
restructuring plan objectives or to execute the restructuring plan,

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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, the joint plan of reorganization or the disclosure statement is current
only as of the date of publication,  and Dice disclaims any obligation to update
this information, except as required by law.

The terms of the Company's  joint plan of  reorganization,  which can affect the
value of the Company's various  pre-petition  liabilities and common stock, have
been confirmed by the  bankruptcy  court.  The Company  expects that most of its
existing  shareholders  will  not  realize  any  significant  recovery  on their
investment.  In light of the  foregoing  the Company  considers the value of the
common stock to be highly speculative and cautions equity holders that the stock
may  ultimately be determined to have no value.  Accordingly,  the Company urges
that  appropriate  caution be  exercised  with  respect to  existing  and future
investments  in  Dice  common  stock  or any  claims  relating  to  pre-petition
liabilities and/or other Dice securities.

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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
                                                               Richard Schineller
Dice Inc.                                                      3rd Millennium
ir@dice.com                                                    rich@3rd-mm.com
tel: 212-725-6550                                              tel: 973-244-7800, ext. 1711

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