Beyond Announces Results of Annual Stockholders Meeting; Company Will Begin Operating As Beyond Corporation.

Business Editors

SANTA CLARA, Calif.--(BUSINESS WIRE)--June. 27, 2001

E-commerce services provider Beyond Corporation (Nasdaq:BYND) announced that stockholders approved all five matters submitted at the company's annual meeting held yesterday, June 26, 2001.

The passing resolutions were:

-- Election of five directors to serve until the 2001 annual meeting of
stockholders. The five approved directors are Ralph B. Godfrey, William S.
McKiernan, John P. Pettit, Richard Scudellari, and Ronald S. Smith,

-- Approval of an amendment to change the Company name from Beyond.com
Corporation to Beyond Corporation.

-- Approval to effect a reverse stock split of all of the outstanding shares of
common stock at a ratio of between one-to-three and one-to-fifteen, to be
determined at the discretion of the Board of Directors.

-- Approval of the possible sale of 20% or more of the company's issued and
outstanding shares of common stock to Investwell Investments Limited.

-- Ratification of the appointment of Ernst & Young LLP as the Company's
independent auditors for the fiscal year ending December 31, 2000.

After the formal meeting, Beyond Corporation President and CEO Ron Smith outlined the company's strategy to grow its core eStores and Government Services businesses. A copy of the presentation can be found on the company's Web site, http://www.Beyond.com by clicking on "Investor Relations" and then "Presentations." Smith also commented on the company's various goals in terms of its sales activities, reduced spending, and competitive advantages. Smith noted that:

-- "We have undergone a remarkable transformation in becoming

known more for our leadership in the eCommerce services space,

rather than as a dot.com eTailer. The change in our business

name reflects the successful change in our core business."

-- "It has been a difficult economic environment for even the

very established companies, and so it is understandable that

we have had our set backs as well, and sales revenue has not

ramped as much as we would have liked to this date. However we

have signed some significant customer agreements. We have

renewed and expanded our eStore service agreement with McAfee 

and Borland, and we will be announcing a 13 store

international expansion with another existing client. In

recent months, we have also signed four new eStore client

contracts, two of which have been announced and two will be

announces in co-ordination with the related store and product

launches. We believe these new client relationships will be a

significant part of the foundation of eStore revenue needed to

achieve profitability."

-- "We have cut expenses by more than 60% in the last four

quarters, and yet we have improved our functionality, our

service offerings, and the reliability of our internal

processes, and customer satisfaction."

-- "The company's marketing strategy for its eStores business is

to focus on a limited number of large branded manufacturers,

software developers and systems OEMs with higher average

selling prices (ASPs). We have begun to branch out into

industries outside of the software industry and we are seeing

some success in these efforts."

Smith summarized by saying, "We have an experienced management team focused on becoming a profitable company. By building the eStore prospect pipeline, by continuing our momentum in government enterprise sales, and by streamlining our internal processes we have received very positive feedback from the prospective clients who are now scrutinizing us against our competitors. That feedback has reinforced our confidence that our eCommerce services model is a valuable and sustainable one."

Safe Harbor 

Certain statements in this press release are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements relating to (i) Beyond Corporation's competitive position and intended expansion of its eStores and Government businesses, (ii) Beyond Corporation's ability to continue to lower its expenses, (iii) Beyond Corporation's ability to achieve profitability, and (iv) Beyond Corporations' ability to acquire customer in new industry segments. Actual results for the second quarter of 2001 and future quarters could differ materially from any future performance suggested above. Factors that might cause such a difference include, but are not limited to, continued slowing or a further deteriorating economic environment, and delays in anticipated contract negotiations and customer spending. The service offerings for eStores may differ materially from Beyond Corporation's current expectations. Beyond Corporation's Government Group is subject to risks inherent in government sales, including long sales and collections cycles. Beyond Corporation's business is subject to other risks, including the company's ability to ramp its eStores and Government Groups and infrastructure, market acceptance of the company's new initiatives, the company's ability to retain and attract key management and employees, and other risk factors described in the company's filings with the SEC. Beyond Corporation news and product/service information is available at the company's World Wide website located at http://www.Beyond.com.