New idealab! Venture Offers World’s First Free Intranet Service

Boston, Mass. (August 30, 1999) - Intranets.com (www.intranets.com) today announced the launch of its new service offering free intranets to small and medium-sized businesses, departments, associations, workgroups and other communities. More than 13,000 organizations (representing 650,000 individual members) have registered for the world’s first free intranet service since it was announced on August 2nd. "The Interest and demand for Intranets.com have been phenomenal," said Bill Gross, CEO of idealab!, co-founder of Intranets.com and a founder of many Internet start-ups, including GoTo.com (NASDAQ: GOTO), eToys (NASDAQ: ETYS) and Tickets.com. "The sheer number of registered subscribers for the free intranets demonstrates the pent-up market demand for at-your- fingertips, shared knowledge that an intranet delivers. Now that the Intranets.com service is live, we expect our membership base to grow exponentially."

The Intranets.com service is ideal for organizations that are seeking to improve communications and increase productivity by leveraging the Internet. Intranets.com's unique offer includes free intranet applications, free web hosting, and a free custom URL to all subscribers.

"We are delivering a much desired, and in some cases, a business-critical communication tool to organizations by removing all barriers to entry," said Steve Crummey, CEO of Intranets.com.

"Not only are we giving the intranet service away for free, but we’re offering an easy-to-use, simple way for organizations to leverage the Internet for their communications needs."

"Our Intranets.com intranet is proving to be an extremely helpful collaboration tool," said Gustavo Lopez, an Arlington, VA-based entrepreneur who is in the midst of starting a business, MuscleCarNetwork.com, with several colleagues. "My partners and I can't always be in the same place at the same time, but our intranet enables us to easily update each other on project status, share and collaborate on documents, and even schedule meetings together. Intranets.com makes working together easier."

Free Applications and Content
Intranets.com simplifies the complex and expensive task of creating a private, secure intranet for a community. A visitor completes a short registration form, and his or her custom intranet is up and running in just minutes. Intranets.com provides essential, fully functional, and popular intranet applications free of charge including: Group Members, Group Contacts, Group Calendar, Group Documents and Group Announcements. The application also provides Members with customized content, including news feeds, up-to-date financial news, market data, stock charts and portfolio tracking tools.

Free Hosting
Intranets.com offers a complete intranet solution by providing free hosting services to all community members. Intranets.com hosting services include password-protected security, 25 MB of disk space, site backup, no setup charges and 24x7 access.

Free URL Intranets.com offers members the opportunity to select their own unique URLs, such as www.mycomp.intranets.com or simply mycomp.intranets.com. URLs can be claimed by registering at www.intranets.com

Availability
The Intranets.com sites are now available and can be created at www.intranets.com. All Intranets.com site services, including applications, hosting and URLs, are provided free of charge. Additional disk space for those who require it can be purchased for a nominal charge. Online support, available 24 hours per day, seven days per week, is provided free of charge. E-mail support is also free. Telephone support is available with a pay-per-incident charge of $29.95.

About Intranets.com
Intranets.com is the world's leading provider of on-demand collaboration services for small businesses or departments and groups inside large organizations. The company serves more than 350,000 users across 10,000 companies worldwide and offers a secure, web-based collaboration suite to share critical business information quickly and easily at any time from anywhere. Privately held and profitable, Intranets.com is led by an experienced team of software industry professionals who are committed to providing a secure, customizable, easy-to-deploy intranet solution supported by world-class customer service. Intranets.com is a PC Magazine "Editor's Choice" http://www.weboffice.com/EN/AboutUs/News/Recent_Intranet_News.asp#pcmagwinner and is rated one of the world's "Top 25" leading service providers by ASPNews. The company has also been ranked by the Boston Business Journal as one of the fastest growing private companies in Massachusetts for two consecutive years. For more information or to take a FREE 30-day test drive, visit http://www.intranets.com/pr, e-mail corpsales@intranets.com or call 888-932-2600 or 781-565-6000.

About idealab!
idealab! (www.idealab.com ) identifies, creates and operates Internet businesses. Founded in March 1996 by Bill Gross, idealab! currently has approximately 50 businesses in various stages of development. idealab! generates ideas for new Internet businesses and creates, capitalizes and operates a separate company to conduct each new business. Actively participating in the on-going operations of its network companies through board representation, information sharing and facilitating collaboration among the companies, idealab! also recruits management to oversee the day-to-day operations allowing senior management to concentrate on executing the business plan. Additionally, idealab! provides each operating company with a full range of operational support services including office space and the accompanying network infrastructure, technology, graphic design, marketing, competitive research, legal, accounting and business development services. idealab! public companies include eToys (Nasdaq: ETYS), GoTo.com (Nasdaq: GOTO), CitySearch (TMCS), NetZero (Nasdaq: NZRO) and Tickets.com (Nasdaq: TIXX).

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Press Contact:

Colin Smith
Director of Public Relations
408.566.5694

Intranets.com is a trademark of Intranets.com, Inc. idealab! is a registered trademark of idealab!, Inc. Other product and company names herein may be trademarks of their respective owners.