Afternic.com Joins AuctionWatch.com Universal Registration Service; AuctionWatch.com Users to Have Full Access to Exchange Member Benefits at Afternic.com.

Business and Technology Editors

NEW YORK--(BUSINESS WIRE)--June 7, 2000

Afternic.com, (www.afternic.com), a leading domain name owners' community and aftermarket exchange, today announced that it has joined the AuctionWatch.com (www.auctionwatch.com) Universal Registration service. AuctionWatch.com users will now have the opportunity of becoming an Afternic.com Exchange Members as part of the simple Universal Registration process.

Exchange Members at Afternic.com can participate in aftermarket domain name valuation, sale and purchase, as well as take advantage of services such as free domain name parking. The Universal Registration service affords AuctionWatch.com users the ability to register for multiple auction sites including Afternic.com, Amazon(TM), eBay(TM), and Yahoo! Auctions(TM) simultaneously. The addition of Universal Registration builds on a prior relationship between Afternic.com and AuctionWatch.com, whereby domain names listed for sale at Afternic.com are available as part of AuctionWatch.com's Universal Search, accessible to buyers across the Web.

"By becoming part of Universal Registration, we're expanding the Afternic.com trading and valuation community to online auction enthusiasts of all kinds," said Chris Maroney, co-CEO, Afternic.com. "We're excited to introduce so many new people to a fun and rewarding entrepreneurial activity."

"Adding Afternic.com to our Universal Registration further streamlines the auction registration process for our users, and allows AuctionWatch.com to provide Afternic.com with pre-qualified registered customers at an extremely cost-effective rate," stated Rodrigo Sales, CEO of AuctionWatch.com.

About Afternic.com

In six months of operation, Afternic.com has become the premier destination on the Web for aftermarket domain name sales, acquisition, and research. Buyers and Sellers are able to value domain name assets, perform on-line transactions, place automatic bids, track auction activity, and manage complex domain name portfolios. Additionally, topical discussion forums and timely domain name news updates place Afternic.com as the home of the most savvy domain name trading community on the Web. All transactions are protected by Afternic.com's exclusive registration transfer process, DNescrow. Afternic.com is a privately held company based in New York City.

About AuctionWatch.com

With over 2.8 million unique visitors a month, AuctionWatch.com is widely recognized as the company of choice for businesses looking to efficiently distribute product to auction and acquire customers. In addition to its suite of powerful services and management tools, AuctionWatch.com publishes daily content on the auction industry and has the most active independent message boards of its kind. Based in San Bruno, California, AuctionWatch.com is privately held and funded by Sequoia Capital, CMGI @Ventures, Argus Capital, Angel Investors LP, and private investors.