(OTCBB:
KNOT, www. Please dial-in 10 minutes before the call is scheduled to
begin or access the live webcast on the Investor Relations area of the
Company's Web site, accessible at
http://www. The Company also publishes a
wedding planning book trilogy with Broadway Books, a gift book series
with Chronicle Books and produces a televised documentary series on
The Oxygen Network and a VOD service for Comcast Cable. This acquisition
further expands the Company's relationship with women, ages 25-40, and
marks its arrival into the online personals domain.com/au_corpoverview .com,
is the leading online wedding destination and wedding content provider
to America Online , MSN and Comcast.
Consolidated Statements of Operations
(in thousands , except per share amounts)

Three months ended Twelve months ended
December 31, December 31,
- -------------------------------------------
2004 2003 2004 2003
---------- ---------- ---------- -----------
(Unaudited)(Unaudited)(Unaudited) (Audited)
Net revenues:
Sponsorship and
advertising $5,011 $3,574 $17,624 $12,463
Merchandise 2,114 2,191 13,064 15,510
Publishing and other 2,940 2,384 10,709 8,724
---------- ---------- ---------- -----------
Total net revenues 10,065 8,149 41,397 36,697

Cost of revenues 2,135 2,089 11,144 11,717
---------- ---------- ---------- -----------

Gross profit 7,930 6,060 30,253 24,980

Operating expenses:
Product and content
development 1,418 1,004 5,161 4,220
Sales and marketing 2,918 2,716 12,068 11,354
General and administrative 3 ,225 1,887 11,092 7,505
Non-cash compensation - - - 33
Depreciation and
amortization 229 193 817 858
---------- ---------- ---------- -----------
Total operating expenses 7,790 5,800 29,138 23,970

Income from operations 140 260 1,115 $1,010

Interest and other income,
net 106 39 299 102
---------- ---------- ---------- -------- ---

Income before income taxes $246 $299 $1,414 $1,112
========== ========== ========== ===========
Provision for income taxes 61 15 139 50

Net income $185 $284 $1,275 $1 ,062
========== ========== ========== ===========

Basic earnings per share $0.

weddings artificial

The Knot recently launched its newlywed website, TheNest. These gains on
both the national and local level reflect increasing recognition of
the value of The Knot's direct reach to over 1 million active members
who will be planning major expenditures for weddings and honeymoons in
the coming 12-18 months. Liu said. We
are taking a methodical approach to extending the life of our
customers with TheKnot and TheNest; and we are broadening the
complementary services we offer, most recently with our acquisition of
GreatBoyfriends.

The Knot, Inc. (OTCBB: KNOT . markets and "The Knot Real Weddings"
magazines in two additional markets.

The Knot is based in New York and has several other offices across
the country.

tradition bouquets

Crayola is sponsoring the event.m . Visit a Michaels store for
specific dates and times of all events.craftplace. Its
award-winning website, TheKnot.S.
The Knot is based in New York and has several other offices across
the country .4 million from $36." Mr.8 million from $5.
The Knot recently launched its newlywed website, TheNest . These statements are only predictions and reflect the
current beliefs and expectations of The Knot . Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform Act
of 1995.

thousands seasonal

05
per diluted share as compared to $1 . Total operating expenses for the year, which increased to
$29. In addition, operating expenses
for the year include approximately $3. The Knot
reported net income for the fourth quarter of 2004 of $185,000, or
$0.com, the
first online destination for the newly married audience, providing
couples in their first two years of marriage with targeted
relationship advice, living and entertaining ideas , interactive tools
for daily life and a robust community of peers. Some of the factors that
could cause actual results to differ materially from the
forward-looking statements contained herein include , without
limitation, (i) The Knot's unproven business model and limited
operating history, (ii ) The Knot's history of losses, (iii) the
significant fluctuation to which The Knot's quarterly revenues and
operating results are subject, (iv) the risks and related costs
associated with ongoing litigation , (v) the seasonality of the wedding
industry and (vi) other factors detailed in documents The Knot files
from time to time with the Securities and Exchange Commission,
including its recent filings on Forms 10-K and 10-Q.01 $0.

foliages artificial

m. Liu noted that "Since Christmas, the
unofficial start of the wedding planning season, membership traffic
has been strong, with an average of over 4,000 new members enrolling
each day. "The technology problems which impacted
merchandise revenue in the past year are behind us," Mr.1 million of additional professional fees related to
litigation, total operating expenses for the fourth quarter increased
to $7.01 per basic and diluted share, compared with $284 ,000 or $0. Its award-winning website, TheKnot.

artificial seasonal

During each of the
five weeks in the month, stores will conduct a variety of free product
demonstrations, free craft activities and craft classes focused on a theme.
CHA, of which Michaels Stores, Inc. The Company
owns and operates 846 Michaels stores in 48 states and Canada, 165 Aaron
Brothers stores, located primarily on the West Coast, eight Recollections
specialty scrapbook stores and three Star Wholesale operations in the U.S. Following the release , the Company will
host a conference call for investors at 2:30 p.com/au_home.
In November 2004 , The Knot launched The Nest, www.OB; www.theknot.

This release may contain projections or other forward-looking
statements regarding future events or the future financial performance
of The Knot.05 $0.05
========== ========== ========== ===========

Weighted average number of
common shares outstanding
Basic 22,252,906 20,177,498 22 ,073,885 18,900,861
========== ========== ========== ===========
Diluted 23,780,720 22,016,629 23,650,408 20,308,658
========== ========== ========== ===========

bouquets herbs

(http://www.7 million in 2003.
"Later this quarter, we will be launching our new merchandising
platform, which will make the buying process more efficient and user
friendly than in the past; and we are looking forward to rebuilding
our wedding supplies revenue stream.com," Mr. The Company also publishes a
wedding planning book trilogy with Broadway Books, a gift book series
with Chronicle Books and produces a televised documentary series on
The Oxygen Network and a Video On Demand (VOD) service for Comcast
Cable.

artificial characteristics

National Craft Month is sponsored by CHA (Craft + Hobby Association) and
will continue throughout March at all Michaels stores. is a proud member and supporter, is a
not-for-profit organization dedicated to the advancement of arts and crafts
worldwide.com) is a leading national
life stage media and services company .0 million in the prior year, reflect a non-cash
gain of $1.0 million in cash on
its balance sheet . Including
approximately $1.com and GreatGirlfriends.

ABOUT THE KNOT, INC. The Knot produces a national publication, "The
Knot Weddings Magazine" and publishes "The Knot Weddings," regional
wedding magazines in 16 U.
Consolidated Balance Sheets
(in thousands)

December 31, December 31,
2004 2003
------------- ------------
(Unaudited) (Audited )
Assets
Current assets:
Cash and cash equivalents $ 23,038 $ 22 ,511
Accounts receivable, net 3,152 2,883
Inventories 1,411 1,195
Deferred production and marketing costs 269 318
Other current assets 726 747
------------- ------------
Total current assets 28,596 27,654

Property and equipment, net 2,468 2,006

Intangible assets, net 8,634 8,734
Other assets 296 313
------------- ------------
Total assets $ 39,994 $ 38,707
============= ============

Liabilities and stockholders ' equity
Current liabilities:
Accounts payable and accrued expenses $ 4,181 $ 5 ,790
Deferred revenue 5,910 4,891
Current portion of long-term debt 43 40
----- -------- ------------
Total current liabilities 10,134 10,721
Long term debt 153 196
Other liabilities 505 490
------------- --- ---------
Total liabilities 10,792 11,407

Stockholders ' equity:
Common stock 223 217
Additional paid -in-capital 75,154 74,533
Accumulated deficit (46,175 ) (47,450 )
------------- ------------
Total stockholders' equity 29,202 27,300
------------- ------------
Total liabilities and stockholders'
equity $ 39,994 $ 38,707
============= ============

The Knot Inc.

chosen celebrations

theknot. Our
goal is to continue to build products and services that meet the
specific needs of our membership base , primarily women aged 25-40. Liu concluded."

CONFERENCE CALL AND WEBCAST

The Knot will host a conference call with investors at 2:30 p.,
ET on Tuesday, February 15, 2005, to discuss its fourth quarter and
year end 2004 financial results.

rich designers

Business Editors

NEW YORK----The Knot, Inc.theknot. markets and "The Knot Real Weddings"
magazines in two additional markets.

06 per basic and $0. Gross margins rose to 73%
from 68% in the prior year due to a higher mix of online advertising
revenues. Actual events or results
may differ materially from those contained in the projections or
forward-looking statements.

dating designers

michaels.shtml. The revenue growth was the
result of a 41% increase from national and local online advertising
programs and a 23% gain in publishing.01 per
basic and diluted share in the comparable quarter of 2003.com, the
Company 's new home for newlyweds.

REPLAY INFORMATION

A replay of the Web cast will also be archived on The Knot Web
site approximately 2 hours after the conference call ends for a period
of two weeks and will also be available at 800-642-1687 reference
#3861716.S. Although these expectations may change, The Knot will
not necessarily inform you if they do.01 $0.

meaning celebrations

The event is intended to introduce children and parents to the fun and
quality time families can share as they craft together .OB, www.com), the nation's leading wedding resource,
today reported financial results for its fourth quarter and twelve
months ended December 31, 2004. At December 31, 2004, the Knot had $23.

Fourth Quarter Results

For the fourth quarter of 2004, the Company reported net revenues
of $10.

The Knot Inc.01 $0.

symbolic artificial

will host a "Build-a-Buddy" Free Family Event at
each of their 846 stores across the United States and Canada. "Our strong financial foundation enables us to expand our
core business and invest in future growth opportunities," Mr.1 million in the comparable
quarter of 2003.

foliages fragrance

Promoting
National Craft Month and crafting in general, the come-and-go, family oriented
activity will take place on Saturday, March 19 from 10:00am until 3:00pm local
time.

The 4-hour event will be
held on Saturday, March 5 beginning at 1p. To learn more about National Craft Month, go to
http://www.

The Knot has extended its brand to reach every venue engaged
couples consult including bookstores, newsstands, nationally
distributed cable television programming and the Internet.com, is the leading online wedding
destination and wedding content provider to America Online, MSN and
Comcast.

2004 Financial Performance

For the twelve months of 2004, The Knot's net revenue rose 13% to
$41.1 million, a 24% gain from $8.com and GreatGirlfriends.com ), the nation's
leading wedding resource, provides over one million new members a year
with comprehensive wedding planning information, interactive tools and
resources, and wedding-related shopping.

Flowers and botanical materials such as herbs and foliages have a rich tradition of being used in marriage celebrations dating back thousands of years.

herbs designers

Michaels Stores, Inc. ET (11:30 a.

The Knot Inc.
The Knot Inc. The Knot's policy is to provide
its expectations not more than once per quarter, and not to update
that information until the next quarter.

artificial chosen

Everyone Makes a Friend at Michaels Stores Free Family Event

- Stores Nationwide Promote March National Craft Month -

IRVING, Texas, Kids love to use their imagination.com ).

The Knot Schedules Year End 2004 Conference Call for February 15 at 2:30 PM Eastern

Participants should dial-in (800) 638-7172, Conference ID#
3861716. (OTCBB: KNOT; www. (OTCBB:
KNOT.theknot.
The Knot also offers a diverse collection of wedding planning
print publications.

seasonal silk

com ) is the world's largest
retailer of arts, crafts, framing, floral, decorative wall decor and seasonal
merchandise for the hobbyist and do-it-yourself home decorator. PT)
to discuss its results for the year and the quarter.theknot. The Knot produces a national publication, "The
Knot Weddings Magazine" and publishes "The Knot Weddings," regional
wedding magazines in 16 U.8 in the same quarter of 2003.01 $0.

They are often chosen based on such characteristics as color, fragrance, symbolic meaning, and/or seasonal availability.

relationships artificial

web site
(http://www. The Knot provides over one
million new members a year with comprehensive wedding planning
information, interactive tools and resources, and wedding-related
shopping. Participants should dial in
800-638-7172 (ID# 3861716) at least 10 minutes before the call is
scheduled to begin.

chosen relationships

Michaels Stores, Inc. also offers a diverse collection of wedding planning
print publications .com, the
first online destination for the newly married audience, providing
couples in their first two years of marriage with targeted
relationship advice, living and entertaining ideas, interactive tools
for daily life and a robust community of peers.0 million in additional
professional fees related to The Knot's current litigation with
WeddingChannel. Liu
continued."
Gross margins rose to 79% from 74% in the prior year's fourth
quarter again due to a higher mix of advertising revenues.

THE KNOT'S RECENT HIGHLIGHTS

In January 2005, The Knot acquired the assets of GreatBoyfriends
LLC (GreatBoyfriends.thenest.

seasonal characteristics

com . These strong gains in The
Knot's media revenue more than offset a 16% decline in merchandising
revenue.3 million, or $0.com, Inc. The revenue gain reflects a 40% increase in online
advertising, a 23% gain in publishing and other revenue and a 4 %
decrease in merchandise sales.
GreatBoyfriends. The Nest is tailored to meet
newlywed-specific needs with savvy advice and stylish ideas,
personalized tools designed to assist them through the everyday
challenges of married life and a community where they can continue
their relationships with other "Knotties.06 $0.

bouquets symbolic

michaels.

ABOUT THE KNOT INC.com are unique referral-based
online dating services that offer singles access to "pre approved"
potential suitors.m. To
access the Web cast, participants should visit The Knot Web site at
least 15 minutes prior to the conference call in order to download or
install any necessary audio software.

chosen herbs

They often dream up imaginary friends to play with! Michaels Stores, Inc.
The month kicks off with a free Scrapbook Discovery Day, an interactive event
designed to introduce Scrapbooking to customers.m. An archived version will be
available for eight days following the conference call.

Business Editors

NEW YORK----The Knot, Inc.1 million and comparable per share
results, respectively, in the prior year .

thousands silk

(NYSE: MIK), in partnership with Crayola, will give kids of all ages the
opportunity to bring imaginary friends to life during a free event during
March.
To participate in this or any other in-store activity, or to locate the
Michaels store nearest you, please visit the company's web site at
http://www.michaels.
This press release is also available on the Michaels Stores , Inc.com), a leading national life stage media company
offering the premier wedding resource, today will release its fiscal
2004 and fourth quarter financial results on Tuesday, February 15,
2005 , before the market opens.
Commenting on The Knot's 2004 results, Chief Executive Officer
David Liu said: "We are pleased with the strong growth in our online
and offline media revenue streams during the past year."
In the fourth quarter of 2004, The Knot launched a new brand - The
Nest - to reach newlyweds who will be buying a broad range of high
ticket merchandise and services during their first two years of
marriage.shtml.

tradition herbs

Young and old alike will mold Crayola Model Magic into a character from
the imagination and then add plastic pieces to create a unique "buddy" to take
home.

The Knot Reports Fourth Quarter and 2004 Year End Financial Results; Online Advertising Revenue Rose 41% in 2004

theknot.com).

flowers herbs

org , the web site of the Craft + Hobby Association.
Net income for 2004 was $1.1 million from $24.2 million due to the settlement of a previously recorded
liability with a distribution partner.
"We have built a media company around a brand that requires little
to no marketing to attract a loyal audience direct to our site. Participants can also access the live broadcast
over the Internet on the Investor Relations section of The Knot Web
site, accessible at http: //www. The Knot has extended its
brand to reach every venue engaged couples consult including
bookstores , newsstands, nationally distributed cable television
programming and the Internet. It is routine for internal projections and
expectations to change as the quarter progresses, and therefore it
should be clearly understood that the internal projections and beliefs
upon which The Knot bases its expectations may change prior to the end
of the quarter.06
========== ========== ========== ===========
Diluted earnings per share $0.