HealthGate Data Corp Receives Extension of National Market Listing from NASDAQ

Business Wire, August 8, 2001

Business/Technology Editors & Health/Medical Writers

BURLINGTON, Mass.--(BUSINESS WIRE)--Aug. 8, 2001

HealthGate(R) Data Corp. (NASDAQ: HGAT), a market-leading provider of healthcare information to health-related organizations, today announced that it received a notice from Nasdaq indicating that a Nasdaq Listing Qualifications Panel approved its request for continued listing on The Nasdaq National Market through November 6, 2001. In the interim, HealthGate's management plans to continue steps to enable the company to attain and maintain compliance with all applicable Nasdaq listing requirements, including the $5,000,000 market value of public float and $1.00 minimum bid requirements.

On July 26, 2001, HealthGate received a notice from Nasdaq indicating that the market value of public float of HealthGate's common stock was less than $5 million, in violation of Nasdaq Marketplace Rule 4450(a)(2), which could subject HealthGate to delisting from The Nasdaq National Market. On July 31, 2001, HealthGate requested a ninety-day extension from Nasdaq to satisfy the market value of public float requirement. On August 6, 2001, HealthGate received notice from Nasdaq that the Nasdaq Listing Qualifications Panel granted HealthGate's request for the ninety-day listing extension.

"We are pleased that the Nasdaq Listing Qualifications Panel determined to continue the listing of HealthGate shares on The Nasdaq National Market. This is great news for our current and prospective investors," said Bill Reece, HealthGate's chief executive officer. "Importantly, we intend to continue implementing the business strategies that we believe underscore the long term sustainable and scalable business model that we presented to the Panel," concluded Reece.

About HealthGate Data Corp.

HealthGate Data Corp. (NASDAQ:HGAT) is a market-leading provider of healthcare information to health-related organizations. HealthGate offers customers the most comprehensive content repository of healthcare information, unrivaled in its breadth and depth of content. HealthGate's authoritative content is used by more than 600 hospitals in the U.S. to provide the capability to drive down costs through more effective research and treatment, regulatory compliance, and clinician and patient education. The Company's XML-based content can be delivered electronically across any technology used by its customers.

Since 1999, HealthGate has become an integral part of operations in approximately 12 percent of all hospitals in the United States. Some of the most respected healthcare institutions in the world, such as Brigham and Women's Hospital, The Cleveland Clinic Health System, and HCA now utilize the data provided by HealthGate. The company's content repository is supported by a technology infrastructure designed to enable HealthGate to rapidly develop products and services for additional markets such as pharmaceutical companies and payors (insurance companies, governments, and self-insured organizations).

For more information, visit HealthGate at www.healthgate.com or call 1-800-434-GATE.

Forward Looking Statements

This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. HealthGate's actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements reflect management's current expectations, are based on many assumptions and are subject to certain risks and uncertainties, including among other things, HealthGate's ability to generate sufficient revenues; HealthGate's ability to license content; HealthGate's ability to develop and implement its Intelligent eContent strategic initiative; unpredictability of quarter-to-quarter results; HealthGate's ability to retain and attract key personnel; competition; reliance on the continued growth of the Internet, computer systems and software; and reliance on content providers and strategic alliances; HealthGate's ability to maintain its listing on the Nasdaq national market system; and other risk factors that are described in the periodic reports and registration statements HealthGate files from time to time with the Securities and Exchange Commission. HealthGate does not intend to update or publicly release any revisions to the forward-looking statements.

HealthGate(R) and the HealthGate logo are trademarks and/or registered trademarks of HealthGate Data Corp. All other trademarks and registered trademarks are the properties of their respective owners.