21st Century Internet Venture Partners and Angel Investors LP Invest in Internet Company iTixs.com.

SAN FRANCISCO--(BUSINESS WIRE)--Aug. 17, 1999--

Consumer Internet Start-up Headed by Netscape Veterans Secures Single

Largest Seed Round Investment in History of 21st Century Venture

Partners; Company Also Appoints Three Prominent Board Members and

Announces Founding Team

iTixs (www.itixs.com), a San Francisco start-up company operating under a code name, today announced the completion of a $4 million private round of financing with leading venture capital investors 21st Century Internet Venture Partners and Angel Investors, LP.

This equity stake is the single largest seed round investment in the history of 21st Century Venture Partners. Led by Internet veterans from Netscape, iTixs is developing an easy-to-use consumer service that will change the way millions of consumers interact with the Web. iTixs plans to unveil its company name and launch its service later this year.

iTixs also announced today that three prominent Silicon Valley industry leaders have joined the company's board of directors including Jennifer Bailey, former senior vice president of Netscape; Ron Conway, general partner of Angel Investors; and J. Neil Weintraut, general partner at 21st Century Internet Venture Partners. Bailey, a consumer marketing industry veteran from Apple Computer, SkyTel and AOL's Netscape division, led and grew Netcenter from a corporate website to a leading consumer portal.

Since leaving Netscape in June, Bailey made the decision to actively advise just one company, iTixs, while on sabbatical. Conway's Angel Investors fund has invested in some of the most successful Internet startups, including AskJeeves (Nasdaq:ASKJ) and Spinner Networks, recently acquired by America Online (Nasdaq:AOL).

Weintraut, former managing director at Hambrecht & Quist prior to starting 21st Century, has a track record of successful investments in Internet start-ups such as AdForce (Nasdaq:ADFC) and When.com, recently acquired by America Online. Weintraut also is credited with coining the phrase "Get Big Fast," which is the mantra of Internet start-up companies everywhere.

"The market opportunity for the iTixs consumer service is immense, and we are excited to be partnering with this team of talented Internet veterans in this exciting new venture," said Neil Weintraut, general partner, 21st Century. "iTixs has a clear vision and the entrepreneurial energy necessary to be a major force in an entirely new category of web services."

The trio of Bailey, Conway and Weintraut join Tim Hickman, president and CEO of iTixs, and Chris Misner, vice president of business development at iTixs, on the board. Hickman and Misner are two industry veterans who led many ground-breaking product and strategic development efforts at Netscape.

Hickman was Netscape's first technology evangelist and is credited with the success of the browser Plug-in program. He also shipped Netscape Netcaster and represented Netscape's XML initiatives to the W3C. Most recently, he led the Internet product efforts at TIBCO Software (Nasdaq:TIBX).

Misner was director of strategic development and acquisitions at Netscape, where he led a team that evaluated hundreds of Internet companies. He also co-authored the original Netcenter business plan and negotiated several of Netscape's early partnership deals. Also joining the iTixs team are veterans from Autodesk (Nasdaq:ADSK), HP, LinkExchange, Microsoft (Nasdaq:MSFT), Netscape, Topica, Sapient, USWeb/CKS (Nasdaq:USWB) and other successful technology companies.

"21st Century and Angel Investors share our vision for providing consumers with a fundamentally new service that makes the time consumers spend on the web easier and more productive," said Tim Hickman, president and CEO of iTixs. "This investment will enable us to grow our business quickly and professionally with high caliber people who share our passion for delivering an exciting and valuable new experience for consumers."

About iTixs

Founded in July 1999, iTixs is a privately held company committed to improving the average consumer's experience on the Web. Headquartered in San Francisco, the company is operating under a code name until they unveil their service later this year. For more information on iTixs, visit www.itixs.com or send email to [e-mail].