GunBroker.com Auction Sales Exceed One Million Dollars per Month

Business Wire, April 6, 2000

Business Editors

ATLANTA--(BUSINESS WIRE)--April 6, 2000

GunBroker.com, a unit of WebVentures, Inc., announced today that the company has achieved a significant milestone shortly after its first-year anniversary. Within one year of launching the GunBroker.com site, sales of auction items have reached 1.1 million dollars per month.

GunBroker.com has grown to become the Internet's largest firearms-related auction. GunBroker.com is consistently ranked as one of the Web's 20 most popular auctions sites by the 100hot division of Go2Net (Nasdaq: GNET). According to the 100hot site, 100hot collects data on a daily basis from many different sources representing the Web-surfing patterns of more than 100,000 surfers worldwide.

GunBroker.com is one of the Web's largest specialty auction sites, catering to the hunter, sport shooter, gun collector, and law enforcement agent. Similar in function to well-known person-to-person auction sites like eBay(TM) (Nasdaq: EBAY) and Yahoo! Auctions(TM)(Nasdaq: YHOO), GunBroker.com allows registered users to buy and sell guns, air guns, archery equipment, knives and swords, antique guns, hunting equipment, and gun accessories such as holsters, scopes, ammunition, and reloading equipment. The web site is located at http://www.gunbroker.com

To assist in the transfer of firearms in accordance with all Federal, state, and local laws including the Brady Law, GunBroker.com maintains a list of Federal Firearms License (FFL) holders. These FFL holders have committed to assist buyers in receiving their firearm purchases while ensuring strict compliance with the law.

The GunBroker.com site may be used by gun shops, gunsmiths, pawn shops, manufacturers, and other licensed dealers to buy and sell items. Unlicensed persons may buy and sell items, providing that all firearm purchases are transferred through a licensed dealer and that all applicable laws are obeyed. GunBroker.com provides additional value-added services to its registered user base in the form of message forums, want ads, and an escrow service.

About WebVentures, Inc.

WebVentures, Inc. is headquartered in Atlanta, Georgia and develops and markets Internet-based e-commerce solutions. The company's firearms auction site, GunBroker.com, provides a feature-rich auction experience for the legal sale and purchase of firearms and firearm accessories. For more information, visit the company's web site at http://www.gunbroker.com.

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