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(Westport, CT - October 27, 1999) - Venture Fund I LLC, the affiliated venture arm of Corporation (Nasdaq: INTM), today announced that, the first company added to its investment portfolio, has received $25 million in equity financing from the following venture capital firms: C.C. Entertainment Partners (C.C.E.P, a strategic partner of Chase Capital Partners), WaterView Partners, SunAmerica Ventures, Ares Management and individual investor Michael Fuchs. Corporation is also an equity investor in

"We are excited and pleased to see that in fourteen weeks our first investment has received such significant funding from a variety of venture investments," stated Alan M. Meckler Chairman of Venture Fund I LLC and Chairman and CEO of Corporation. "This confirms that our strategy of investing in early stage content sites in the business-to-business area is on target and offers a great value for stockholders of Corporation and investors in Venture Fund I." Venture Fund I LLC was established in April 1999 to invest in early stage content sites in the business-to-business area. Corporation is the portfolio manager of the Fund as well as an investor in the Fund. In addition to, Venture Fund I is now fully invested with eight other investments which include,,,,,, and will continue to follow the path of CMGI (Nasdaq: CMGI) and Internet Capital Group (Nasdaq: ICGE) with the benefit of being a public operating company in the Internet space that also extends value to its stockholders by having a successful Internet venture capital arm. Corporation (Nasdaq: INTM) owns and operates, the E-Business and Internet Technology Network which includes 78 Web sites, 70 e-mail newsletters, 101 online discussion forums, and 73 moderated e-mail discussion lists for Internet industry and Internet technology professionals, Web developers and experienced Internet users.'s global presence includes editions in Canada, China, the United Kingdom, Arabia, Australia, Asia, France, Japan and Israel.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Prospectus dated June 25, 1999, Annual Report or Form 10-K for the most recently ended fiscal year.

For more information contact:

Nicole Catalano Corporation
(203) 341-2870
[email protected]

All current Corp. press releases can be found on the World Wide Web at Corp., 20 Ketchum Street, Westport, CT 06880; (203) 226-6967; fax: (203) 454-5840; [email protected]