Afternic.com Partners With Auction Services Powerhouse AuctionWatch.com

Business Wire, April 13, 2000

Business Editors

NEW YORK--(BUSINESS WIRE)--April 13, 2000

New Partnership Dramatically Increases the Number of Buyers

Reached by the Internet's Only Domain Name Exchange

Afternic.com, the world's first true single-source platform for domain name research, acquisition and resale, today announced a new partnership with AuctionWatch.com, the Internet's leading provider of services for on-line auctions and dynamic pricing.

As part of this new agreement, Afternic.com will have its data included in AuctionWatch.com's Universal Search product. Users of AuctionWatch.com can now be referred to pertinent domain name auctions at Afternic.com, along with their other search results. For example, visitors will not only be able to search for baseball memorabilia, equipment and ticket auctions, but also relevant domain name auctions at Afternic.com.

"With this partnership, Afternic.com is providing real added value to the domain name re-sellers who use our site," said Chris Maroney, Co-CEO of Afternic.com. "AuctionWatch.com receives over 1.7 million unique visitors every month; obviously, that's an awful lot of potential domain name buyers."

Jon Whelan, Afternic.com Co-CEO, agreed. "Our new agreement with AuctionWatch.com is extremely aggressive," he noted. "Their extraordinary market penetration is yet one more service Afternic.com now provides sellers of domain names in the secondary market."

"Through our partnership with Afternic.com, users of AuctionWatch.com will now have access to the most comprehensive list of Internet domain names available in the online auction market," added Rodrigo Sales, CEO of AuctionWatch.com.

About Afternic.com

Afternic.com is a privately held company based in New York City. In just over three months of operation, it has become the Web's premier domain name exchange. Afternic.com's domain name portal provides a comprehensive set of invaluable resources for those with a stake in the Internet namespace. Buyers and sellers are able to value domain name assets, perform on-line transactions, place automatic bids, track auction activity and manage complex domain name portfolios. All transactions are protected by Afternic.com's exclusive registration transfer process, DNescrowo.

About AuctionWatch.com

With over 1.7 million unique visitors a month, AuctionWatch.com is widely recognized as the company of choice for businesses looking to efficiently distribute product to auction and acquire customers. In addition to its suite of powerful services, AuctionWatch.com publishes daily content on the auction industry and has the most active independent message boards of its kind. Based in San Bruno, California, AuctionWatch.com is privately held and funded by Sequoia Capital, @Ventures, Argus Capital, Angel Investors LP and private investors.