REPEAT/ Office.com Expands E-commerce Capabilities With Request-for-Quote and Auction Services; Announces Partnerships with BizBuyer.com, Inc. and FairMarket, Inc

Business Wire, May 24, 2000

Business Editors

REPEATING...

NEW YORK--(BUSINESS WIRE)--May 23, 2000

WINSTAR COMMUNICATIONS, INC.'S (NASDAQ: WCII) Office.com(R) (www.office.com) today began offering business-relevant auctioning, bidding, purchasing and selling opportunities for small and medium-sized businesses (SMBs) in its "Marketplace" section.

Through its partnership with BizBuyer.com, Inc., a leading business-to-business Request-For-Quote (RFQ) marketplace, Office.com business users can now receive competitive quotes on a broad range of products and services from qualified sellers. Office.com's partnership with FairMarket(sm)(NASDAQ:FAIM), a leader in online, outsourced distributed selling solutions, gives its customers access to online auction and AutoMarkdown(sm) services in approximately 200 product categories.

"These new e-commerce capabilities give our users even more tools to grow their businesses," said Jeff Cutler, general manager and chief operating officer, Office.com Inc. "Working with these top-rated service providers, we make online RFQ purchasing and auction-style selling more objective and applicable for the SMB marketplace by putting control in the hands of buyers and sellers."

Business users can access the new, co-branded RFQ services at http://office.bizbuyer.com, and can access Office.com's private-label auction site at http://auctions.office.com.

Office.com rigorously evaluates every Marketplace partner and highlights third-party reviews on hundreds of business-relevant products, allowing users to browse detailed research before buying. In addition, Office.com's extensive content covering nearly 150 vertical industries and professions is integrated with its Marketplace area, enabling SMBs to research and procure goods and services in a targeted fashion.

About BizBuyer.com

Headquartered in Santa Monica, California, with offices in Silicon Valley, BizBuyer.com is the leading online business-to-business RFQ marketplace that connects highly qualified buyers and sellers of business products and services. The site provides a marketplace through which small to mid-size businesses can purchase a wide-range of business products and services through competitive quotes from highly qualified vendors. The BizBuyer.com community currently offers thousands of qualified vendors that are registered to quote throughout 63 product and service categories. Vertical market categories range from computer services and equipment, Internet services and insurance to financial and legal services, travel and transportation, sales, marketing and creative services.

About FairMarket

FairMarket, Inc., is a leading provider of online distributed selling solutions. The FairMarket platform - a dynamic commerce infrastructure of hosted auction, declining price, and shopping by request services - enables businesses to increase revenue by expanding e-commerce functionality and strengthening brand. In the U.S., the FairMarket Network is a consortium of Web sites that includes some of the world's leading portals and vendors with the potential to reach millions of online shoppers.

About Office.com

Office.com(R), A Service From Winstar (www.office.com), is the premier Internet destination delivering a competitive edge to small and medium-sized businesses. Office.com offers its customers in-depth business content, useful business tools and top-rated products and services, plus the information and back-end services to transform their companies into thriving e-businesses.

In 1998, Office.com debuted its "Business Tools" and related content in the Yahoo!(R) Small Business channel. In April 1999, CBS Corporation purchased a one-third stake in Office.com in exchange for promotion and advertising across CBS properties. Office.com launched on November 1, 1999, and in December 1999 was named the number one Online Business Center by Cahners In-Stat Group. Visit other Office.com Inc. properties at www.individual.com and www.newspage.com.

About Winstar

Winstar Communications, Inc. (www.winstar.com), a leading broadband services company, helps companies around the globe engage in Frictionless Business through the use of seamless communications and technology. Winstar provides its customers with a comprehensive set of high-quality, digital-age broadband services, including high-speed Internet access and data transport, Web-based information, applications services, Web hosting and local and long distance services.

Winstar offers its services in more than 70 markets throughout the U.S., Europe, Asia and South America. It is the largest holder of broadband fixed wireless spectrum, with licenses in the top 60 U.S. markets and in more than 20 international markets. Winstar's broadband fixed wireless capabilities complement and extend the reach of its extensive fiber network. The company's long-haul fiber network, which supports IP (Internet Protocol), ATM (Asynchronous Transfer Mode) and frame relay, will extend more than 16,000 route miles and connect the top 60 U.S. markets. Winstar's intracity fiber network will consist of nearly 6,000 route miles in over 60 major domestic and international markets.