CMGI Public Holdings to Surpass $11 Billion With Sale of Majority-Owned Operating Companies Adsmart and Flycast to Engage

Business Wire, Jan 20, 2000

Business/Technology Editors

ANDOVER, Mass.--(BUSINESS WIRE)--Jan. 20, 2000

With the close of the sale of Adsmart and Flycast to Engage Technologies, expected in April or May 2000, the value of CMGI's public holdings will exceed $11 Billion(A) dollars, the company announced today. Just one year ago, the value of CMGI's public holdings were approximately $1.4 Billion, reflecting an eight-fold increase.

Today, CMGI's public holdings include shares in nearly 20 leading technology enterprises, including Akamai, Yahoo!, and Pacific Century CyberWorks, as well as CMGI network companies Chemdex, Critical Path, Engage, NaviSite, Silknet and Lycos. The network of CMGI companies now totals 60, and has recorded six IPOs in the past 12 months. Two CMGI-affiliated companies, AltaVista and Vicinity, are currently in registration for an IPO later this year.

About CMGI

With 60 companies, CMGI, Inc. (Nasdaq: CMGI) represents the largest, most diverse network of Internet companies in the world. This network includes both CMGI operating companies and a growing number of synergistic investments through its venture capital affiliate, @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 Technologies (Nasdaq: ENGA), NaviSite (Nasdaq: NAVI), 1ClickBrands, 1stUp.com, Activate.net, Activerse, AdForce, Adsmart, AltaVista, CMGI Solutions, Equilibrium, Flycast, iCAST, Magnitude Network, MyWay.com, NaviNet, SalesLink, Tribal Voice and ZineZone. The company's @Ventures affiliates have ownership interests in Lycos, Inc. (Nasdaq: LCOS), Critical Path (Nasdaq: CPTH), Silknet (Nasdaq: SILK), Chemdex (Nasdaq: CMDX), MotherNature.com (Nasdaq: MTHR), Asimba.com, AuctionWatch.com, Aureate Media, blaxxun, BizBuyer.com, Boatscape.com, buyersedge.com, CarParts.com, CraftShop.com, eCircles.com, eGroups.com, EXP.com, FindLaw, FoodBuy.com, Furniture.com, HotLinks, INPHO/HomePriceCheck.com, Intelligent/Digital, KOZ.com, Mondera.com, MyFamily.com, NextMonet.com, NextPlanetOver.com, Oncology.com, OneCore.com, PlanetOutdoors.com, Productopia, Raging Bull, SnapFish.com, Speech Machines, ThingWorld.com, Vicinity, Virtual Ink, Visto, Vstore and WebCT.

CMGI Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. Fax: 978-684-3814. Additional information is available on the company's Web site at http://www.cmgi.com.

(A) Projections based on closing price of Engage shares on

January 19, 2000.

Statement Under the Private Securities Litigation Reform Act

This release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the expected benefits to CMGI resulting from Engage's acquisition of Flycast and Adsmart. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the successful completion of the acquisition of Flycast and Adsmart by Engage, the risk that the market price for Engage's common stock will fall below its current price due to its acquisition of Flycast and Adsmart or other events, decreases in the market price and valuations of the securities that CMGI holds due to market conditions or other conditions over which CMGI has no control. For a detailed discussion of these and other cautionary statements, please refer to the filings made by CMGI with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the most recently ended fiscal year.