ModusLink Honored With Progressive Supplier Award From Toshiba; Recognized for Innovative New Inventory Management System

Business Wire, July 12, 2006

WALTHAM, Mass. -- ModusLink Corporation, a subsidiary of CMGI, Inc. (Nasdaq: CMGI), today announced that it has been honored with the Progressive Supplier Award from Toshiba Information Equipment (Hangzhou) Co., Ltd., (TIH), a leading provider of notebook computers. The award was given in recognition of ModusLink's contributions to the improvement of TIH's inventory management and supply chain processes. Over the past year, ModusLink has worked closely with TIH to develop a customized, highly-effective inventory management system, resulting in a significant reduction in inventory holding costs and an improvement in overall supply chain efficiency.

The award was one of only three granted and was presented at Toshiba Information Equipment (Hangzhou) Co., Ltd.'s Bi-Annual Supplier Event in June 2006.

"ModusLink is a valued partner and TIH appreciates their commitment and outstanding service to our organization," said Ippei Futaki, President of TIH. "They have consistently exceeded our expectations and continuously work to develop creative solutions that drive increased efficiency and productivity throughout our supply chain. The new inventory management system exemplifies their ability to drive down costs and improve the return on supply chain investment for TIH."

"ModusLink is honored to be recognized by TIH for its hard work and dedication," said Joseph C. Lawler, President and Chief Executive Officer of CMGI. "ModusLink's commitment to excellence and strong customer focus enable us to consistently deliver the highest levels of service to our clients and their end customers. We are proud of the value we deliver to TIH and look forward to continuing to help them address the challenges of efficient supply chain management."

For more than twenty years, ModusLink has helped clients in the technology sector to drive greater efficiency and productivity throughout the supply chain by designing, implementing, and managing end-to-end supply chain solutions. ModusLink's world-class inventory management services, best of breed technology, and globally-integrated operations, enable product to move seamlessly throughout the supply chain to better address shifts in global customer demand. With more effective inventory and demand management, clients are able to reduce excess and obsolescence, improve customer satisfaction and increase profitability.

About ModusLink

ModusLink Corporation is a leading provider of global, end-to-end supply chain management solutions. The company provides technology clients in the software, computing, consumer electronics, storage and communications markets with customized supply chain solutions that improve time-to-market, productivity and customer satisfaction while reducing risk and cost. ModusLink's services include consulting and planning, sourcing and supply base management, manufacturing and product configuration, fulfillment, logistics management, and the complete range of after market services. With 42 facilities in 13 countries, ModusLink has the largest global footprint in its industry. The company is headquartered in Waltham, Massachusetts and is a subsidiary of CMGI, Inc. (Nasdaq: CMGI). For additional information, see www.moduslink.com.

About CMGI

CMGI, Inc. (Nasdaq: CMGI), through its subsidiary ModusLink, provides industry-leading global supply chain management services and solutions that help businesses market, sell and distribute their products around the world. In addition, CMGI's venture capital business, @Ventures, invests in a variety of technology ventures. For additional information, see www.cmgi.com.