NAMEZERO.COM™ CLOSES $6.8 MILLION IN VENTURE CAPITAL FUNDING

Phil Sanderson of WaldenVC Joins Board of Directors

Silicon Valley, CA.- June 6, 2000 - Namezero.com (www.namezero.com), , the only Internet domain name registrar to provide free .com domain names and domain name POP e-mail, today announced that it has closed a $6.8 million financing. This Series B round was led by WaldenVC, a San Francisco based venture capital firm. Other investors included Palo Alto based Whitman Capital and Arcadian Venture Partners of Boston. Additionally, the company announced that Phil Sanderson, a WaldenVC general partner, has joined Namezero's board of directors.

Namezero will use these funds to manage its rapid membership growth. In the past two months Namezero has added up to ten thousand new members each day, resulting in a total current membership base of over 450,000. Individuals and small businesses from more than 230 countries have registered to use the Namezero service.

In addition, the company intends to broaden its patent-pending Passport™service, which enables consumers to save time and money when they use the Internet. Some of Namezero's distribution, content, and technology partners include EZBoard, Tribal Voice and Infospace.

"As the first and only ICANN-approved domain registrar to provide free and easy-to-use domain name based services, Namezero is well positioned to take advantage of the exploding worldwide demand for personal and business domain names, e-mail, and related Web services," said Phil Sanderson, a general partner with WaldenVC. "Namezero's patent-pending technology has the potential to revolutionize the way domains are used and managed, and forms the foundation of a unique and valuable Internet platform to deliver content, services and technology to millions of individuals and businesses."

"First the marketplace, and now the venture capital community, have confirmed the value of our technology- and domain name-based business model ," said Bruce Keiser, Namezero.com president and chief operating officer. "We are thrilled to have the strategic and financial resources of WaldenVC and our other prominent investors as we help our members to establish, maintain, and enhance their online presence by offering the most effective and easy to use domain services on the Internet."

About WaldenVC

Founded in 1974, WaldenVC is a San Francisco-based venture capital firm that specializes in investments in early-stage Internet and New Media companies. Focus areas include advertising, e-commerce, education, enhanced TV, and entertainment. WaldenVC manages funds in excess of $500 million. Corporate investors include Apollo Group; Electronic Arts; GartnerGroup; New Line Cinema, a division of Time Warner; Times Mirror; Washington Post; and Kaplan, a division of Washington Post. Some of WaldenVC's representative investments include AdKnowledge, iPIX/bamboo.com, DigitalThink, Snowball.com, AllAdvantage.com, Moai Technologies, ICSA.net, and WorldRes.com. For more information, please visit www.waldenvc.com.

About Namezero.com

Namezero provides consumers and businesses with free domain names, domain hosting, POP and Web e-mail (you@yourdomain.com), as well as many other great benefits, such as free e-mail forwarding. These days, there are too many ways to contact people. But with one easy-to-remember domain name, you can give your friends and business associates one quick and simple way to reach you - anytime, anywhere, any place. Namezero also lets you quickly access your favorite Web pages and services, no matter what computer or handheld device you happen to be using. You can either share these sites and services with the world or keep them to yourself - the choice is yours. Namezero is backed by WaldenVC, Whitman Capital, and Arcadian Venture Partners. For more information, please visit www.namezero.com.

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