New Business Run by Experienced IT Executives will bring Industry-Leading productivity Service to Australian Market

BOSTON, MA and MELBOURNE, Australia (August 1, 2002) - Intranets.com (www.intranets.com), the world’s largest provider of Web-based Intranets and Australian Intranets, today announced a business partnership that brings the power of Intranets.com to the growing broadband enabled small and medium-sized business market in Australia.

The new venture launched today is accessible at www.australianintranets.com. Experts from Intranets.com have been working closely with Australian Intranets personnel in starting the service and supporting its ongoing operation.

"We’re happy to be partnered with Australian Intranets to bring our service to such an important marketplace," said Rick Faulk, CEO of Intranets.com. "Australia has long been regarded as a leader in technology application and adoption. We see a great need for the communication and collaboration power of our Intranet service.“

Led by Chairman and Managing Director Mike Vallender, Australian Intranets aims to be the Intranet supplier of choice for small and medium-sized enterprises in Australia.

“These days, a company’s Intranet is too essential and too costly to be maintained in-house," said Vallender. “It is the one place where all employees should be able to go all of the time and find what they are looking for simply and effectively. Companies should be enhancing their direct communication with their people, and there is simply no more efficient way to do that than with this service.”

"As broadband connectivity finally starts gaining momentum in Australia, I am certain that buying services, as opposed to building them, will simply make too much sense; let the vendors manage the technology and allow the business to focus on managing their customers, core products and profitability."

The applications provided in the service include:

• Drag-and-drop Document Library
• Group Calendar
• Group Discussions
• Group Polls
• Expense Reports
• A Task Manager
• Announcements
• Wireless Access
• Palm and Outlook Synchronization

In addition to these applications, the Intranets come loaded with 100 MB of storage and offer a high level of flexibility and customisation. Administrators have access to a sophisticated permissions system, can manipulate the layout and color scheme of the Intranet, and turn applications on and off to suit their company’s needs. Administrators can also add SSL encryption and extra storage to their Intranets for an additional annual fee.

With a dedicated in-house support team, Intranets.com provides subscribing companies with email and phone support to ensure that all inquiries are promptly and professionally answered. Additionally, the seasoned Intranets.com development team updates the Intranet service regularly with user driven enhancements.

About Australian Intranets P/L Australian Intranets supplies time and cost effective solutions to companies needing to improve communications and work flow. They supply world class technology services and add value to this process by combining global information technology expertise with local know-how of Australian business. Australian Intranets aim to be a supplier of choice for Australian organisations wanting to leverage off global technology trends to gain a competitive edge. The company’s flagship application enables any Australian business to procure their own branded Intranet solution in two minutes, and commence using it immediately thereafter from any PC connected to the Internet, without the need to download and install any software, nor employ or engage any consultants or contractors. It is a very simple, fast and affordable way for enterprises to deploy a commercial Intranet and private-network solution. For more information, visit www.australianintranets.com, e-mail mike@australianintranets.com or call 0411-749-808 or 0416-209-476.

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" winner 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.

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Press Contact:

Colin Smith
Director of Public Relations
408.566.5694

For Australian Intranets:
Mike Vallender
+61 (0)411-749-808
mike@australianintranets.com

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.