Beyond.com Corporation Announces 1 for 15 Reverse Stock Split.

Business Editors, Technology Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--June 29, 2001

E-commerce service provider Beyond.com Corporation (Nasdaq:BYND) announced that its Board of Directors authorized a one-for-fifteen reverse stock split of the Company's common stock.

On June 26, 2001 the stockholders approved the reverse stock split at the Company's annual meeting.

Upon effecting the reverse stock split, fifteen shares of common stock will be converted into one share of common stock. In instances where the reverse stock split would result in a stockholder becoming the holder of a fractional interest in a share of common stock, the number of shares held by such a stockholder will be rounded up to the next whole share. The reverse stock split will take effect, as of the opening of business, on July 2, 2001 and will reduce the number of shares outstanding from approximately 49.6 million to approximately 3.3 million shares.

"We believe that the reverse stock split is in the best interests of our stockholders, as it will assist the Company in meeting its continued listing requirements on the Nasdaq Stock Market," said Ronald S. Smith, President and Chief Executive Officer of Beyond.com.

Beyond.com anticipates that following the reverse stock split, the Company's common stock will trade at a price that is higher than Nasdaq's $1.00 per share minimum bid price requirement, a price that must be maintained for 10 consecutive trading days in order to satisfy Nasdaq's continued listing requirements. However, there can be no assurance that, after implementation of the reverse stock split, the common stock will trade at fifteen times the market price prior to the reverse stock split, or above the $1.00 per share minimum bid price. In addition, there can be no assurance that the Company will be able to satisfy, on a continuing basis, the Nasdaq Stock Market's other listing requirements.

About Beyond.com Corporation

Beyond.com Corporation is an e-commerce service provider that builds, manages and markets online stores (eStores) for businesses. The company provides a full suite of marketing programs and services to help maximize their client's eStore sales activities and increase revenues. Beyond.com Corporation also sells software and computer related products to the government, corporate and consumer markets. Beyond Corporation trades on the Nasdaq Stock Market under the symbol "BYND". More information on the company can be found in the company's filings with the Securities and Exchange Commission (SEC), or by visiting www.beyond.com.

Safe Harbor Statement

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 Beyond.com Corporation's ability to remain in compliance with Nasdaq Stock Market's continued listing requirements. Factors which could cause the Company to fail to remain in such compliance include a decline in our stock price to below $1.00 as a result of our results of operations falling below analysts' and investors' expectations, continued slowing or a further deteriorating economic environment, and delays in anticipated contract negotiations and customer spending. Beyond.com Corporation's business is subject to other risks, including 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.com Corporation news and products/services information is available at the Company's world wide website located at http://www.beyond.com.