Chitwood & Harley Announces Class Action Lawsuit Against iXL Enterprises, Inc.

Business Editors & Legal Writers

ATLANTA--(BUSINESS WIRE)--Sept. 18, 2000

ATTENTION IXL ENTERPRISES, INC. SHAREHOLDERS

Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Northern District of Georgia on behalf of all persons who purchased the stock of iXL Enterprises, Inc. ("iXL" or the "Company") (NASDAQ: IIXL) between February 2, 2000 and September 1, 2000, inclusive (the "Class Period").

The complaint charges iXL and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder. The complaint alleges that Defendants issued a series of materially false and misleading statements about the Company's growth rate and customer demand for iXL's products and services. As a result, iXL's stock price was artificially inflated throughout the Class Period. The complaint further alleges that certain Company insiders capitalized on these artificially high stock prices by selling millions of dollars worth of iXL stock before the truth about the Company's financial condition was revealed.

Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired iXL stock during the Class Period. If you purchased iXL common stock during the Class Period, and either lost money on the transaction or still hold the stock, you may join in the action and move the Court to serve as lead plaintiff. Any member of the proposed class who wishes to move the Court to serve as lead plaintiff must do so no later than November 7, 2000. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

Plaintiff is represented by Chitwood & Harley, an Atlanta law firm that concentrates its practice in representing victims of securities fraud and corporate mismanagement, as well as other complex litigation. Chitwood & Harley has been appointed lead counsel in several major actions throughout the United States in both federal and state courts and has been instrumental in recovering millions of dollars on behalf of investors and shareholders.

If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, you may contact David Bain at [phone] (toll-free) or by e-mail at [e-mail], CHITWOOD & HARLEY, 2900 Promenade II, 1230 Peachtree Street, N.E., Atlanta, Georgia 30309. For more information about Chitwood & Harley, please visit our website at www.classlaw.com.