Infoseek Reports Fourth Quarter Fiscal 1999 Results; Revenues More Than Doubled Year-Over-Year to $41.3 Million

Business Wire, Oct 28, 1999

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Forward Looking Statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding Infoseek, GO Network, its content and its services, and the potential for the combined Internet assets of a proposed new entity called go.com to offer new products and services that are subject to risks and uncertainties. Actual results may differ materially from those set forth in such statements as a result of a number of factors including, but not limited to, continued user acceptance and use of GO Network; the continued ability of Infoseek to successfully promote GO Network and to successfully introduce and continue to enhance its content and services, including commerce services; the ability of the company to realize the benefits of its revenue opportunities with strategic partners and advertisers; the ability of Infoseek to enhance its competitive position; the ability of Infoseek to generate additional advertising revenues and compete in the rapidly evolving global Internet market; the continued growth in GO Network's page views; the ability of the proposed new entity, go.com, to successfully develop and introduce new products and services in a competitive Internet marketplace; the ability of Infoseek and The Walt Disney Company to combine their Internet operations effectively; and developments beyond the control of either company, including technological developments and changes in the economic conditions that may affect the performance of Internet operations. In addition, changes in competitive conditions and regulatory developments may affect future business performance, and changing market conditions may affect the valuation of Internet-related securities. Infoseek undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. -0-