BarPoint.com Announces Second Quarter Results; Key Management Additions, Wireless Alliances Highlight Activities.

Business Editors & High Tech Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 16, 2000

BarPoint.com, Inc. (OTC BB: BPNT), the company that is revolutionizing the way businesses and consumers use UPC numbers and barcodes to make buying decisions, today announced second quarter and year to date results for the periods ending March 31, 2000.

The Company recorded net income of $13,102,930 (or .75 per share) for the second quarter. The net income for the quarter was the result of a one-time benefit from sales of marketable securities. Net income for the six months ended March 31, 2000 was $12,065,049 (or .70 per share). Revenues for the second quarter were $169,965 and $220,290 for the six months ended March 31, 2000. Since BarPoint began operations on June 3, 1999 there are no comparable results for the year earlier period.

Commenting on the results, John C. Macatee, President and CEO, stated: "While BarPoint continues to make excellent progress toward becoming the premier product information and shopping service, the net income achieved in the second quarter was primarily the result of gains on the sales of marketable securities. These timely sales allowed us to take advantage of a window of opportunity to substantially improve the financial position of the company."

As of March 31, 2000, BarPoint's financial position included $27.1 million in cash and $7.1 million in marketable securities. Subsequently, in April 2000, the company completed a private placement of common stock at a price of $12 per share, which resulted in additional proceeds of approximately $17.7 million. The company proposes using the net proceeds of the offering to provide capital for continued product development, advertising, enhancement of marketing efforts and general corporate purposes.

BarPoint enjoyed significant achievements with regard to its business development during the second quarter. In February, 2000, BarPoint added Computer hardware and Computer software to its product categories. Currently, seven product categories, including books, audio books, CD's, computer hardware, computer software, DVD's and videos are available on all BarPoint platforms, including wireless devices.

Also in February, BarPoint began announcing an expansion of its wireless capabilities with participation in the WAP Forum and an alliance with Motorola (NYSE: MOT). In May 2000, the company also announced agreements with Verizon Wireless, the nation's largest wireless carrier, and OmniSky, a wireless provider for Palm and other devices. According to BarPoint Chairman Leigh M. Rothschild, "We have always been dedicated to delivering meaningful product-specific information anytime, anywhere. Our alliances with major manufacturers and carriers such as Motorola and Verizon will ensure that many of the nation's wireless consumers will have easy access to BarPoint's patent-pending reverse search technology."

The company further strengthened its management team during the second quarter, with the additions of John Macatee as Chief Executive Officer and President and Chuck Davis as Chief Technology Officer. Prior to joining BarPoint, Mr. Macatee served as President and Chief Operating Officer of Office Depot from August 1997 through October 1999. During his term, Office Depot launched one of the most successful Internet sites in the office products industry, achieving 1999 sales of approximately $350 million. Prior to Office Depot, Mr. Macatee was President of the Paint Stores Group for the Sherwin-Williams Company.

Chuck Davis came to BarPoint from Arista Knowledge Systems, where he served as Chief Technology Officer and continues to remain active on their Technical Advisory Committee. Chuck's credentials include memberships in the Institute of Electrical and Electronics Engineers (IEEE), Human Factors and Ergonomics Society (HFES), Society for the Study of Artificial Intelligence and the Simulation of Behavior (AISB), Systems Administrators Guild (SAGE), Unix and Advanced Computing Systems Professional and Technical Association (USENIX), International Society for Technology in Education (ISTE) and the IMS technical standards committee.

About Barpoint.com

BarPoint.com is the authoritative source for product specific information anytime, anywhere. Using unique product identifiers, such as the UPC barcode, and patent pending "reverse search" technology, BarPoint provides consumers and businesses with easy, efficient access to comparative pricing, product and manufacturer information, etc. for millions of items. BarPoint has previously announced strategic alliances with companies such as Motorola (NYSE: MOT), Go America, Verizon Wireless, JP Systems, Konover Property Trust (NYSE: KPT) and Symbol Technologies (NYSE: SBL) and last year acquired Synergy Solutions, which is now a wholly owned BarPoint.com subsidiary. Whether using a handheld device to scan or manually enter the product's UPC or even accessing BarPoint's website from a desktop computer, BarPoint.com is the most direct route to better, more informed purchasing decisions--anytime, anywhere.

BarPoint.com is located at: One East Broward Boulevard, Suite 410, Fort Lauderdale, FL 33301. For information, contact BarPoint.com at: [phone] or via the web: www.barpoint.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.

BarPoint and BarPoint.com are trademarks of BarPoint.com, Inc. BarPoint Technology is patent pending. All other registered trademarks are the property of their respective owners.