CMGI Announces Record Third Quarter Revenues of $225.9 Million

June 13, 2000

Internet Segment Revenues Grow 1,623% over Prior Year Third Quarter and 59% over Preceding Quarter

Summary:

CMGI continues dramatic growth curve; reports operating revenue rise of 417% over prior year third quarter and 47% over Q2 2000· Completes 8 transactions during the quarter, including 4 intra-network mergers led by Engage, AltaVista and NaviSite

Launches ambitious venture with the formation of CMGion, the company's newest majority-owned operating company

Page views exceed 115 million per day across the CMGI network of companies, excluding CMGI @Ventures-related companies

Engage surpasses 70 million profiles and 60% reach of Internet audience

ANDOVER, Mass., June 13, 2000 - CMGI, Inc. (NASDAQ: CMGI) today reported net revenues of $225.9 million for the third quarter ended April 30, 2000, a 47% sequential increase in quarterly revenues and a 417% increase compared with last year's third quarter. Net revenues for the Company's Internet business segment increased 1,623% compared with the third quarter of fiscal 1999, and increased 59% compared with the second quarter of fiscal 2000. Net revenues for the Company's fulfillment services segment increased 30% compared with the third quarter of fiscal 1999, and increased 13% compared with the second quarter of fiscal 2000.

Excluding the effects of in process research and development charges and amortization of intangible assets and stock - based compensation charges in both periods, CMGI's net income was $36.6 million or $0.13 basic income per share for the quarter, compared to net income of $1.3 million or $0.01 basic income per share for the previous quarter ended January 31, 2000. Including the effects of amortization of intangible assets and stock - based compensation charges in both periods, CMGI's net loss was $428 million or ($1.53) basic loss per share for the quarter, compared to a net loss of $186 million or ($0.74) basic loss per share for the previous quarter ended January 31, 2000.

Third quarter fiscal 2000 results included the impact of seven acquisitions, pre-tax gains of $209.3 million on the sale of Yahoo! common stock and $4.2 million on the sale of .com common stock classified as "other gains, net," and a pre-tax gain of $20 million primarily resulting from issuance of stock by Vicinity in its initial public offering. Second quarter fiscal 2000 results included the impact of nine acquisitions, pre-tax gains of $159.7 million on the sale of Yahoo! common stock and $5.8 million on the sale of Open Market common stock classified as "other gains, net," and a pre-tax gain of $5.5 million on issuance of stock by NaviSite, Inc. as a result of the exercise of the underwriters' over-allotment option in its initial public offering. Excluding the effects of in-process research and development and amortization of intangible assets and stock - based compensation charges, CMGI's third quarter operating expenses for continuing operations were $418 million, reflecting a 36% increase from the second quarter of fiscal 2000 and a 513% increase from last year's third quarter.

In the third quarter, CMGI announced its newest majority-owned company, CMGion. CMGion's core business is the development and deployment of a new Internet operating network service designed to enhance the performance and functionality of the Internet by internetworking NaviSite's web hosting data centers in conjunction with leveraging Engage profiles. Compaq, Novell, and Sun are co-founding partners in the new company and have each supported CMGion with investments of $20 million, and have agreed to provide CMGion with select technologies.

In addition to the launch of CMGion, CMGI completed several acquisitions and intra-network mergers:

uBid.com, a leading business-to-consumer e-commerce auction site, was acquired by CMGI; yesmail.com, a leading outsourcer of permission email marketing technologies and services, was acquired by CMGI; Tallan, a leading provider of Internet and e-commerce professional services to Fortune 1000 and dot.com companies, was acquired by CMGI and is now being integrated with CMGI Solutions; AdTech, a leading European provider of third-party, independent ad serving and campaign management solutions, was acquired by CMGI and later contributed to AdForce; Engage completed the acquisitions of Adsmart and Flycast from CMGI; AltaVista completed the acquisitions of both Raging Bull, a leading investor and financial community; and Transium, a leading provider of e-commerce navigational services; and ClickHear, a provider of streaming media professional services was acquired by CMGI and later contributed to NaviSite.

Also during the quarter, CMGI announced several strategic relationships intended to expand the Company's reach into new markets and business segments, both domestically and internationally, including: SoftNet Zone, a major initiative with Softnet (Nasdaq: SOFN) and Compaq (NYSE: CPQ), is designed to bring mobile computing and Internet services, both wired and wireless, to business travelers worldwide. Under the agreement, CMGI will provide funding, expertise and technology to SoftNet Zone, which will operate local area networks and computing business service centers throughout public facilities such as major airports, convention centers, and hotels. Primedia (NYSE: PRM) and CMGI formed a strategic alliance that will leverage each company's respective expertise in deep vertical industry content and Internet investment and development to fund and develop a series of new Web ventures. The new online companies, to be jointly created and funded by both CMGI and Primedia, are anticipated to include participation from CMGI's venture capital arm CMGI@Ventures, as well as intellectual property and content investments from several of Primedia's properties. Each venture is also expected to be designed to leverage products and services from CMGI network companies. Netcentives, Inc. (NASDAQ: NCNT), a leading developer of e-marketing infrastructure software and services, and CMGI formed a strategic alliance to create a first-of-its-kind online loyalty program for the CMGI network and its more than 70 member companies.

Subsequent to the quarter end, CMGI entered into an agreement with NaviSite, Inc., (Nasdaq: NAVI), a majority-owned operating company of CMGI, to purchase $50 million in NaviSite common stock. The share price will be based on a market average as determined by the two companies.

Operating Segments For continuing operations, CMGI reports two operating segments: Internet and Fulfillment Services.

The Internet segment reported revenues of $182,819,000 in the quarter ended April 30, 2000, compared with $115,267,000 in the previous quarter ended January 31, 2000, an increase of 59%. These revenue increases primarily reflect increased revenues as result of the third quarter acquisitions of Tallan and yesmail.com, full quarter contributions from AdForce and Flycast Communications which were acquired midway through the month of January 2000 and increased net revenues at AltaVista, Engage, NaviPath, NaviSite, 1stUp.com and iCAST's Signatures Network subsidiary. Excluding the effects of in-process research and development and amortization of intangible assets and stock - based compensation charges, the operating loss for the Internet segment was $195,766,000 in the quarter just ended versus a loss of $156,445,000 for the quarter ended January 31, 2000. Including the effects of in-process research and development and amortization of intangible assets and stock - based compensation charges, the operating loss for the Internet segment was $718,255,000 in the quarter just ended versus a loss of $414,304,000 for the quarter ended January 31, 2000. The Internet segment results reflect the consolidated performance of majority-owned Internet companies, which during the third quarter of fiscal year 2000 included ExchangePath , 1stUp.com, Activate, Activerse, AdForce, Adsmart, AltaVista, Blaxxun, Clara Vista, CMGion, CMGI Solutions, Engage, Equilibrium, Flycast Communications, GreenWitch, iCAST, Magnitude Network, MyWay.com, NaviPath (formerly NaviNet), NaviSite, Signatures Network, Tallan, Tribal Voice and yesmail.com.

CMGI's portion of the net operating performances of investments in which its ownership is between 20% and 50% is reflected in equity in losses of affiliates. Equity in losses of affiliates was $10,290,000 for the quarter ended April 30, 2000, compared with $3,633,000 for the quarter ended January 31, 2000. During the third quarter of fiscal 2000, equity in losses of affiliates included CMGI's portion of the net operating performances of Answerlogic, Engage Technologies Japan, Inc., FoodBuy.com, GXMedia, Half.com, IronMax, ThingWorld.com, Vicinity and WebCT. CMGI's investments in Alibris, CMG@Ventures III, LLC, CMG@Ventures III Expansion, LLC, Dialpad, Diamondback Vision, Dejima, The EC Company, GoFish.com, Gratis 1, Idapta, Industria Solutions, KOZ.com, MobileLogic, OneMediaPlace, Pacific Century CyberWorks, TVisions and Visto are carried at cost at April 30, 2000. As of April 30, 2000, CMG@Ventures III, LLC and CMG@Ventures Expansion III, LLC held investments in 31 companies, including AltaVista, Asimba.com, AuctionWatch.com, BizBuyer.com, Boatscape.com, buyersedge.com, CarParts.com, Craftshop, eCircles.com, eGroups Inc., EXP.com, Findlaw, Furniture.com, HotLinks, Idapta, KnowledgeFirst, Mondera.com, MyFamily.com, NextMonet.com, NextOffice.com, NextPlanetOver.com, Oncology.com, OneCore.com, PlanetOutdoors.com, Productopia, Radiate Inc., SnapFish, SpotLife, Ventro Corporation, Virtual Ink and Vcommerce Corp. (formerly Vstore.com). As of April 30, 2000, CMGI's holdings in Inc., Critical Path Inc., eMachines, Hollywood Entertainment Corp., KANA Communications, Inc., Mail.com Inc., marchFIRST (formerly USWeb Corp.), Marketing Services Group, Inc., MotherNature.com, Netcentives, Open Market Inc., Priceline.com, Tickets.com, Ventro Corporation and Yahoo! Inc. are accounted for as available- for-sale securities, at market value.

In the Fulfillment Services segment, revenues increased 30% to $43,059,000 in the third quarter of fiscal 2000 from $33,045,000 in last year's third quarter, primarily reflecting increased volumes from Cisco Systems and the impact of orders processed through SalesLink's new Guadalajara, Mexico facility which was opened during the second quarter of fiscal 2000. Compared with the second quarter of fiscal 2000, fulfillment services segment revenues increased 13%, primarily reflecting increased volumes from Cisco and ramp up of the new Guadalajara facility. The fulfillment segment reported operating income of $2,673,000 in the quarter ended April 30, 2000, compared with operating income of $2,447,000 in the quarter ended January 31, 2000. The increase in operating income primarily reflected the impact of revenue increases. Fulfillment services segment results for the quarter ended April 30, 2000 and the previous quarter ended January 31, 2000 each include approximately $700,000 of goodwill amortization charges related to acquisitions. Subsequent to the quarter ended April 30, 2000, the fulfillment segment augmented its supply chain management business by signing a two - year, annually renewable contract with Sun Microsystems, referred to by SalesLink as a "Direct Line Feed (DLF) program."

Internet Operating Highlights During the third quarter, 1stUp.com continued to establish itself as a leading provider of private label Internet access solutions and innovative advertising technology. 1stUp.com successfully launched free Internet access offerings with Lycos (Nasdaq: LCOS), The Simpsons, Sina.com, and MyPoints, among others. In total, 1stUp.com now powers more than 100 Internet access brands, including offerings from AltaVista and @Home, to support more than 4 million registered subscribers in the U.S. and Canada. 1stUp.com also successfully launched Gratis1, a joint venture between 1stUp.com, StarMedia, Chase Capital Partners, Flatiron Partners and CMGI, now offering 1stUp.com-powered Internet access in Brazil, Mexico and Argentina. 1stUp.com further expanded the domestic dial-up network available to its affiliated subscribers by signing agreements with ELI and Genuity (formerly GTE).

1stUp.com now offers the largest dial-up network in North America, based upon total dial-up numbers, with more than 4,000 numbers, and coverage across more than 95 percent of the U.S. and Canada. Additionally, 1stUp.com continued to evolve its advertising technology, launching targeted, interactive full-motion video advertisements. Finally, and 1stUp.com announced they will provide 1stUp.com-powered broadband services. Activate continued to show strong growth in the streaming media segment. Highlights for the third fiscal quarter included the first webcasts of IPO Roadshows on behalf of several major investment banks, and dramatic growth in services provided to radio and TV broadcasters. In March, Activate and AdForce announced joint development of rich media advertising services. Activate now serves more than 5 million streams every month.

AdForce continued to experience considerable growth in all phases of its existing business during the third fiscal quarter of 2000, and made substantial progress in the expansion of new business platforms. AdForce opened the quarter by announcing the milestone of 600 million daily ads served on March 13th, representing a 20 percent increase over the previous month and a 400 percent annual increase. AdForce also released the latest version of its ad management service, AdForce 3.1, which offers among the fastest performance among ad management interfaces in the industry. In addition, AdForce enabled 584 new sites with its service during the third quarter. AdForce also announced AdForce Everywhere, a new media advertising program designed to extend targeted advertising messages to new digital platforms, such as PDA's, cell phones, and other wireless devices.

As part of the AdForce EveryWhere program, AdForce announced new strategic relationsips with a number of wireless companies including Nokia, fusionOne, and 2Roam, as well as with interactive television companies ICTV and Set-top.com. Continuing to pioneer the burgeoning wireless advertising initiative, on April 19th AdForce announced the formation of the Wireless Advertising Industry Association(WAIA), the first wireless association of its kind, which merged with the IAB in May to form the Wireless Advertising Association (WAA). The quarter drew to a close with the completion of the merger between AdForce and AdTECH, a longtime AdForce partner and a significant player in the European Internet advertising market. The addition of AdTECH significantly bolsters AdForce's international presence.

On January 31, AltaVista formed a business solutions unit to license and sell its search technologies to portals, e-commerce companies and global enterprises. On February 1, AltaVista completed its acquisition of Raging Bull, a leading innovative investor and financial community at www.ragingbull.com, through a stock-for-stock exchange of the privately held shares of each company. On March 21, AltaVista introduced AltaVista Search Engine 3.0, a new scalable architecture to meet the search demands of businesses operating in sophisticated Web environments.

Also during the quarter, AltaVista launched Internet and search services in the Netherlands, France and Italy, offering users extensive local content and comprehensive searching among new country-specific indices that cover 95 percent of their respective countries' Web sites. Subsequent to the quarter end, AltaVista re-asserted its search strength with the introduction of one of the Web's largest search indexes (350 million pages) and directories (2 million pages) at www.altavista.com. The company also unveiled "Raging Search" at http://www.raging.com, a pure Web page search site that provides fast, direct results for "search enthusiasts." AltaVista performs more than 40 million search queries each day and nearly five billion per quarter.

CMGI Solutions, CMGI's majority-owned e-business solutions provider, continued its pattern of rapid growth during the third quarter of fiscal 2000. In addition to the acquisition of Tallán by CMGI, the quarter was marked by the opening of several new office locations, extending CMGI Solutions' reach into new markets both domestically and internationally including Atlanta, GA; Irvine, CA; Chicago, IL; White Plains, NY; and London, England. In addition, CMGI Solutions completed a successful national print advertising campaign, resulting in the company's citation as one of the top three names in web and EC services among business and technology trade journal readers and executives.

Engage (Nasdaq: ENGA), officially changed its name from Engage Technologies during the third quarter. On April 28, 2000, Engage completed its acquisition of Adsmart and Flycast from CMGI through the issuance of approximately 64 million shares of Engage common stock, increasing CMGI's holdings in Engage to 87%. Revenues for the quarter ending April 30, 2000 were $58.7 million, up from $31.4 million, or 86%, in the second quarter. Engage now has more than 1,000 employees serving over 6,500 customers worldwide.

The Engage Knowledge unique database of anonymous online behavioral profiles increased to 70 million, up from 52 million, with more than 4,300 contributing sites, an increase of over 1,100 sites from the previous quarter. Engage served 36.5 billion impressions during this quarter, up from 26.3 billion in the previous quarter. During the quarter, Engage announced several key relationships to expand its profiling applications and create new sales channels for its software. These included agreements with SAS Institute, Oracle, Exchange Applications and Hyperion aimed at providing e-business solutions with customer centric profiling and targeted marketing capabilities. Additionally, Engage announced relationships with Everypath and Akamai to extend into the wireless market and enable high performance ad delivery for Engage's online media networks.

Additionally, on June 12, 2000, Engage announced a definitive agreement to acquire MediaBridge Technologies, Inc., a leading provider of cross-media closed loop targeted marketing systems. Under the terms of the agreement, Engage will issue approximately 14.5 million shares of Engage common stock to the shareholders of MediaBridge, subject to adjustment under certain circumstances. This acquisition is subject to MediaBridge shareholder approval and is expected to be completed by late summer.

Third quarter highlights for iCAST included the launch of its Movies channel and the premiere of "The Booth," a hip-hop and urban music area of the site featuring exclusive content from many of the world's top DJs. iCAST was awarded "Macromedia Site of the Day," by Macromedia Inc., which chose iCAST for its superior functionality and innovative use of Macromedia's Flash animation software. iCAST continued aggressively building membership and began its online advertising campaign.

During the third quarter, MyWay.com continued to establish itself as a leading provider of both wired and wireless portal solutions. MyWay announced the completion of the Bell South roll-out, adding more than 700,000 Bell South subscribers to the MyWay network. In addition, MyWay incorporated the user base from its acquisition of Zip2 Corporation, adding additional unique users to the network. As a result, MyWay achieved a top 100 Media Metrix rating.

MyWay also successfully launched a number of co-branded portal sites with partners including Clarity Bank, Free@last, Hispanic Vista and Alberta.com, a leading Canadian telco. Finally, MyWay continued to evolve its portal technology by entering into an agreement with Phone.com in the wireless arena. Under the terms of this agreement, MyWay will integrate Phone.com applications into its portal services and offer this integrated service to both domestic and international carriers.

NaviPath (formerly NaviNet) marked the third quarter with the launch of its new NaviOne Solutions Suite, a comprehensive set of access services for "virtual Internet service providers" ("VISP's") (financial institutions, affinity groups, retailers, etc.). NaviOne provides a "One Account" platform enabling subscribers to maintain a single user identity across multiple access types, as well as providing powerful revenue management capabilities, including the ability for VISP's to offer fee-based services or ad-subsidized models. The company also expanded coverage of its dial access network (GeoDial) to now reach 88% of the major market online population in the US, as well as 48% coverage of online major markets in Canada, including Toronto, Ottawa and Montreal.

Subsequent to the quarter end, NaviPath announced strategic investments from Compaq and Lucent, as well as the acquisition of the technology assets of Proxymate, a Lucent Ventures startup. The acquisition will enable NaviPath to broaden the NaviOne suite of private-label Internet access solutions and offer customers a leading set of Web privacy tools designed to protect users' identities online and inhibit receipt of e-mail "spam." The company also signed an agreement with Akamai to deploy performance-boosting distributed caches throughout its core network.

NaviSite (Nasdaq: NAVI), CMGI's majority-owned applications hosting and management services provider, continued to execute on the company's mission to help customers focus on their core competencies by outsourcing the management and hosting of mission-critical web sites and applications. During the quarter, NaviSite added 88 new customers, bringing the total base of customers to 284.

Revenue for the fiscal 2000 third quarter increased 376% to $14.2 million, compared to the same period in fiscal 1999. Sequentially, revenue grew 55% over the second quarter of fiscal 2000. Net loss for the fiscal 2000 third quarter was $16.4 million or $0.29 per basic share, compared to a net loss of $11.4 million or $0.21 per basic share in the second fiscal quarter. NaviSite also continued to expand its sales, marketing, development and administrative functions to support this increased rate of growth.

NaviSite announced the acquisition of ClickHear, Inc., a privately-held streaming media professional services company. This acquisition significantly expands NaviSite's streaming services offerings, and provides them with one of the industry's most comprehensive solutions. Also during this quarter, NaviSite announced it is working with Microsoft Corp. to create extensive new streaming media and hosting services, based on the Windows Media platform, to make it easier for content providers to integrate streaming media content into their . In addition to these new offerings, NaviSite introduced several significant new hosting and management service offerings, including Cold Fusion and SilverStream managed application services, and commerce enabled High Availability Firewall services that will maintain customer transactions when one firewall server fails.

Also during the third fiscal quarter, NaviSite unveiled a wide range of strategic alliances. To address the market shortage of IT resources and the demand for sophisticated applications management outsourcing, NaviSite entered into agreements with Deloitte Consulting, one of the world's top e-Business consulting firms, and with Xerox Connect, Inc., a wholly-owned subsidiary of Xerox Corporation (NYSE: XRX). NaviSite continued to strengthen its market position as a leading 'ASP enabler'. The rapid growth of the NaviSite's ISV program is a testament to the increasing acceptance of the application service provider (ASP) model, as well as the demand for infrastructure and cross-promotional services for providers of Internet-based applications.

NaviSite's global expansion continued with significant agreements with Level 3 Communications, Inc. (Nasdaq: LVLT), which will enable NaviSite to utilize Level 3 hosting facilities and bandwidth services to provide managed application services and will also enable Level 3 customers at facilities supported by NaviSite to obtain enhanced management services from NaviSite. Concert, the AT&T and BT global venture, and NaviSite reached an agreement to offer advanced application services to Concert's multinational and business customers.

Tribal Voice continued to make great strides in the instant messaging marketplace during the third quarter. Tribal Voice delivered a desktop-to-mobile phone wireless instant messaging service complete with presence detection; and a multimedia player with built-in interoperable instant messaging. In March, the company announced new executive leadership with the appointment of Ross Bagully as CEO, and in April, the company released PowWow 4.0, the latest edition of its award-winning instant messaging client. The company also co-founded the Free Instant Messaging (http://www.freeim.org) movement dedicated to ensuring interoperability and open access in the instant messaging marketplace. uBid.com officially joined the CMGI network as a majority-owned operating company on April 28, 2000. Since joining the network and post the quarter end, uBid entered into agreements with several CMGI-affiliated companies, including an agreement with Engage/Flycast to deliver uBid.com's auction services to more than 2,700 Flycast Valet web sites; an agreement with AltaVista to create a co-branded auction channel on AltaVista Shopping.com; and an agreement with yesmail.com to integrate the Yesmail service into uBid's registration process as a value-added option for users. Additionally, uBid entered a marketing and e-commerce alliance with Snapfish.com to increase consumer awareness for both companies through a variety of joint offerings, including a co-branded for uBid-referred customers, and free processing services to uBid auction bidders of photography and related products available through uBid. Earlier this month, uBid.com also launched a free Internet access service powered by 1stUp.com. yesmail.com officially joined the CMGI network as a majority-owned operating company on March 10, 2000. During the third fiscal quarter, yesmail successfully sent more than 46 million revenue-generating email messages. In the first four months of calander 2000, the YesMail Network grew 120% to include more than 11 million permission subscribers.

CMGI @Ventures Vicinity Corporation (Nasdaq:VCNT) commenced its IPO on February 8, 2000 (CMG@Ventures I and II, LLC collectively hold approximately 5.8 million shares of Vicinity common stock)."

On March 1, 2000, CMGI, Hicks, Muse, Tate & Furst Incorporated (HMTF), and Pacific Century CyberWorks Limited (PCCW) announced the formation of a new venture capital partnership, @Ventures Global Partners. Under the terms of the partnership, the parties have each committed to invest up to US$500 million, for a total of up to US$1.5 billion, to support the development of Internet companies based in Asia, Europe, and the Americas.

During the third quarter, CMGI, through its CMG@Ventures II, CMG@Ventures III, CMG@Ventures III Expansion, LLC, CMGI @Ventures IV, CMGI @Ventures B2B and CMGI @Ventures Technology funds, made initial or follow-on investments in 22 companies.

Initial Investments: Alibris AnswerLogic Dejima Dialpad.com The EC Company GoFish.com Industria Solutions Ironmax MobileLogic OneMediaPlace (formerly Adauction.com) Tvisions

Follow-on Investments: Craftshop.com HotLinks Asimba.com Idapta (formerly Intelligent/Digital) KnowledgeFirst KOZ.com MyFamily.com NameTree NextPlanetOver.com Snapfish Vicinity Virtual Ink

Subsequent to the quarter end, the following investments have also been made:

Initial Investments: Corrigo Real Pulse/TheRealm

Follow-on Investments: Alibris EXP.com Furniture.com HotLinks KnowledgeFirst NextMonet.com OneMediaPlace (formerly Adauction.com)

About CMGI and CMGI @Ventures With more than 70 companies, CMGI, Inc. (Nasdaq: CMGI) represents the largest, most diverse network of Internet companies in the world, including both CMGI operating companies and synergistic investments made through its venture capital affiliate, CMGI @Ventures. CMGI leverages the technologies, content and market reach of its extended family of companies to foster rapid growth and industry leadership across its network and the larger Internet Economy. Compaq, Intel, Microsoft, Pacific Century CyberWorks and Sumitomo hold minority positions in CMGI.

CMGI's majority-owned operating companies include Engage (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI), 1stUp.com, Activate, AdForce, AltaVista, CMGion, CMGI Solutions, Equilibrium, iCAST, MyWay.com, NaviPath, SalesLink, Tribal Voice, uBid.com, and yesmail.com. CMGI @Ventures has ownership interests in 57 companies, including Lycos, Inc. (Nasdaq: LCOS), Critical Path (Nasdaq: CPTH), MotherNature.com (Nasdaq: MTHR), Ventro (Nasdaq: VNTR) and Vicinity (Nasdaq: VCNT).

CMGI's corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. CMGI @Ventures has offices there, as well as at 3000 Alpine Road, Menlo Park, CA 94028. For additional information, see http://www.cmgi.com and http://www.ventures.com.

The matters discussed in this release contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, that involve risks and uncertainties. All statements other than statements of historical information provided herein may be deemed to be forward-looking statements. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects" and similar expressions are intended to identify forward-looking statements. Factors that could cause actual results to differ materially from those reflected in the forward-looking statements include, but are not limited to, the risks discussed in the "Factors That May Affect Future Results" section included in the Company's Annual Report on Form 10K filed with the SEC on October 29, 1999, and the risks discussed in the Company's other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis, judgment, belief or expectation only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Email:[email protected] Tel: 978.684.3832 Fax: 978.684.3672