SCORE Asks eUniverse Directors Questions about CEO Search Process

Business Wire,  Feb 24, 2004  

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Business Editors

LOS ANGELES--(BUSINESS WIRE)--Feb. 24, 2004

Stockholders Committed to Restoring eUniverse (SCORE) requests the eUniverse (OTC:EUNI.PK) Directors answer certain questions concerning the information disclosed in the February 23, 2004 press release concerning EUNI's selection of Richard Rosenblatt as EUNI's new CEO and the general CEO search process.

In the announcement made by EUNI on February 23, 2004, titled 'eUniverse Names Internet Veteran Richard Rosenblatt Chief Executive Officer,' EUNI discloses significant detail and biographic information on Mr. Rosenblatt's prior internet work experience. This includes disclosing Mr. Rosenblatt's position as Chairman and CEO of publicly traded Imall from 1997-1999, Vice Chairman of Great Domains & Webmillion and most recently Chairman & CEO of Supernation LLC.

However at the bottom of the press release, Mr. Rosenblatt's relationship with former public company Dr. Koop Lifecare is described in one sentence: "Prior to this, Mr. Rosenblatt, through his venture fund Prime Ventures LLC, also participated in the turnaround effort of Dr. Koop Lifecare, Inc."

QUESTION #1:

Based on the February 23, 2004 press release, SCORE asks -- Did Mr. Rosenblatt accurately describe the extent of his involvement with Dr. Koop to EUNI's Board prior to his appointment as CEO and if the answer is 'yes,' then alternatively why did the Board not disclose that Mr. Rosenblatt's position was CEO of Dr. Koop in the same manner it described his position as Chairman and CEO of Imall?

Public filings indicate the following:

-- Richard Rosenblatt joined the Board and became CEO of Dr. Koop in August 22, 2000

-- less than nine (9) months later, on May 7, 2001, Dr. Koop was delisted from the Nasdaq.

-- Less than sixteen (16) months later, with Mr. Rosenblatt still serving as CEO, Dr. Koop filed for bankruptcy under Chapter 7.

-- According to public filings, for the reported periods under Mr. Rosenblatt's leadership, Dr. Koop generated a total of approximately $8.1 million in revenue and lost over $70 million dollars.

QUESTION #2:

Before appointing Mr. Rosenblatt CEO, did EUNI's Board perform adequate diligence to determine if Mr. Rosenblatt had sufficient prior experience managing an operation of eUniverse's approximate revenue size or for that matter experience in managing any consistently profitable operation?

Public filings for Imall, where Mr. Rosenblatt served as Chairman and CEO, indicate that prior to the company's sale, for fiscal year 1998 a total of $1.59 million of revenue was generated along with $13.14 million in losses. While in the final quarter reported for Imall -- ending June 1999, the company generated $801,600 in revenue and a loss of $4.57 million.

QUESTION #3:

Was the strength of the operating results Mr. Rosenblatt produced in his tenures as CEO significantly above those of other CEO candidates reviewed so as to more than make up for the outstanding conflict of interest issues that exist between President Brett Brewer, who led the CEO Search Committee, and Mr. Rosenblatt, who is Mr. Brewer's long time friend?

QUESTION #4:

Was the CEO Search Committee and Board aggressively reviewing all potential CEO candidates submitted to them from internal and outside sources?

QUESTION #5:

Did VantagePoint's Board nominees for EUNI, Mr. Andy Sheehan & Mr. David Carlick, directly seek investment opportunities for VantagePoint during the period EUNI was searching for a new CEO and did any of the companies they contacted have potential CEO candidates submitted into the EUNI CEO search process which caused EUNI shareholders to lose out on the opportunity to have the other directors review such candidates because Sheehan or Carlick regarded their duties to VantagePoint first?

SCORE is hopeful that eUniverse's board and management can focus on the questions raised by SCORE and respond honestly and constructively. In the past, when called to task or presented with legitimate challenges, management has generally attempted to divert stockholder and potential investor attention with personal attacks. SCORE believes a public Board and management must accept constructive feedback and input from common stockholders directly as part of their jobs and responsibilities.

About SCORE:

SCORE is headed by eUniverse's (OTC:EUNI.PK) largest stockholder and founder, Brad Greenspan. SCORE is determined to restore eUniverse by pressing for a new better qualified independent Board and addition of qualified senior management to replace certain members of management believed by SCORE to be unqualified.

SCORE will be launching a community website in the near future to educate and inform all eUniverse stockholders of current, past, and future actions of eUniverse's board and management that SCORE believes to be harmful or not in the best interests of common stockholders of eUniverse.

SCORE Calls Upon the eUniverse Board to Answer the Questions Posed by Score.

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