Campus Pipeline Reinforces Commitment to Utah; Technology Company Signs Major Lease to Become Anchor Office Tenant of The Gateway in Downtown Salt Lake City.

Business Editors/High-Tech Writers

SALT LAKE CITY--(BUSINESS WIRE)--May 18, 2000

Campus Pipeline Inc., Thursday announced it has signed a major office space lease in downtown Salt Lake City at the Boyer Co.'s The Gateway, making Campus Pipeline the high-tech anchor tenant of the largest redevelopment project in the city's history.

Campus Pipeline will use space in the new state-of-the-art facility for offices and computer laboratories, nearly doubling the size of the company's current headquarters.

"We plan to be a big part of Utah's technology future," said Chad Muir, chief executive officer of Campus Pipeline. "We have two Utah offices, one in Salt Lake and one in Provo. Utah's unique combination of a high quality of life, world-class technical talent, and a favorable business climate makes this an excellent place to build a company."

Campus Pipeline, which creates an Internet platform for higher education, plans to take occupancy in August 2001. The company will initially reside in 94,000 square feet on the top four floors of One Gateway, the most prominent corner building in The Gateway.

Located at 100 South and 400 West, the new building will offer convenient access to I-15, providing employees with an accessible workplace at the heart of Salt Lake's growing downtown. (View an artist's rendering of the building at www.campuspipeline.com/gateway.html)

"Campus Pipeline's commitment is great for The Gateway and great for downtown Salt Lake," said Roger Boyer of the Boyer Co. "This city needs to support the growth of the high tech industry in Utah and needs to attract strong companies to our downtown. Campus Pipeline is an outstanding company that we want to keep in Utah and are very happy to welcome as a key Gateway tenant."

Since its founding in June of 1998, Campus Pipeline has raised more than $85 million in financing from investors including Dell Computer Corp., General Motors, Hewlett-Packard, Inktomi, Meritech, Oak Investment Partners, and SCT. Prominent Utahans who are investors or advisors to the company include Harris Simmons, president of Zions Bank, and Dr. David Gardner, past president of the University of Utah.

About The Gateway

When completed in the Fall of 2001, The Gateway will be a two million square foot mixed-use development uniting retail, hotel, office, residential units and cultural destinations in three outdoor blocks centered around the historic and completely renovated Union Pacific Depot. Total cost of the project is approximately $375 million.

The Gateway is the largest redevelopment project in the city's history and will serve as the leading hub for social and commercial activity. The project will be pedestrian-oriented and will be anchored by 675,000 square feet of retail and entertainment operations.

The new retail operations will include many stores and businesses new to Salt Lake City. Entertainment facilities will include a 13 screen movie theater, restaurants, nightclubs and lifestyle retail.

Office space will total 400,000 square feet and will rise above the retail area along the east side of the project. Five hundred residential units are planned on the western side as part of The Gateway. The TRAX light rail station in front of the Union Pacific Depot will be a source of transportation for visitors and patrons.

About the Boyer Co.

The Boyer Co. is one of the largest developers of commercial real estate in the Intermountain West. Founded in 1972 by Roger Boyer, and later joined in partnership by Kem Gardner, the company has developed more than 13 million square feet of retail, office and medical office space for itself and third parties prior to The Gateway.

One of the company's best known projects is One Utah Center, which is one of ten major Boyer-built office buildings in the downtown area. The company has also built more than 30 other retail centers including The Commons at Sugar House and The Brickyard.

About Campus Pipeline Inc.

Campus Pipeline Inc. is a premier provider of integrated Internet infrastructure solutions that put the Web to work for higher education. The company collaborates with colleges and universities to create, develop and strengthen online relationships within the campus and higher education communities, while preserving and enhancing existing technology investments.

Through the Campus Pipeline Web platform, the company provides an open, flexible Internet solution that brings campus information, academic resources and administrative services securely together online.

The Salt Lake City-based company works with many leading companies including Amazon.com (Nasdaq: AMZN), Dell Computer Corp. (Nasdaq: DELL), Hewlett-Packard Co. (NYSE: HWP), Inktomi (Nasdaq: INKT), SCT Corp. (Nasdaq: SCTC), and Sun Microsystems (Nasdaq: SUNW). For more information, visit www.campuspipeline.com or call 888.682.PIPE.

Campus Pipeline and the Campus Pipeline logo are trademarks of Campus Pipeline Inc. All other marks are the property of their respective owners.