Cross Media Marketing Launches New Corporate Internet Site; Company's Chairman Conducts Online Corporate Presentation.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 31, 2001

Cross Media Marketing Corporation (AMEX: XMM), a leading technology-driven company engaged in sophisticated targeted marketing on a global basis, announced today that it has launched a new corporate Internet site, www.xmmcorp.com, which includes a highly expanded and comprehensive Investor Relations section.

The new site includes the Chairman's Presentation, the "Quest for Value," an approximate seven-minute online audio and video presentation with an attendant online Powerpoint presentation located in the About Us section. The presentation is an overview of the company and its strategic plans for the year. The site also features detailed financial information with current stock quotes, SEC filings, summary corporate information entitled "At-A-Glance" with a printer friendly e-brochure in the PDF format and management biographies. Included in the new site is also a "Letter from the Chairman," addressed to the investing public. In addition, historic earnings conference calls and previous video and audio presentations are available. The company anticipates that it will host its earnings calls on the site and use it as a vehicle to regularly communicate important developments to investors as well as provide substantial archival material.

Ronald Altbach, the company's Chairman and Chief Executive Officer noted, "As we have demonstrated time and time again, we are very committed to an extraordinarily high level of communication to our shareholders and the financial community at large which the launch of this site and our comprehensive presentation clearly indicates."

About Cross Media Marketing Corporation

Cross Media Marketing Corporation is a technology-driven marketing company integrating its sophisticated direct marketing skills with cutting-edge technologies, including interactive voice response and web-based systems, resulting in a multi-dimensional marketing platform for the targeted marketing of products and services. Cross Media Marketing seeks to achieve revenue growth and earnings leverage by cross marketing products and services through multiple channels to an expanding multi-million customer base utilizing state-of-the-art direct marketing strategies. Through Cross Media Marketing's voice-driven customer acquisition programs, Cross Media Marketing contacts and retains critical data on more than thirteen million persons annually. The Company continues to exploit its expansive database in other technology-driven marketing channels, facilitating additional e-commerce transactions to increase revenues while concurrently lowering costs and increasing margins. For more information about Cross Media Marketing, visit the Investor Relations section of www.xmmcorp.com or email [e-mail].

Cautionary Statement

Certain statements contained herein and in the information posted on the Company's website described above that are not based on historical fact are "forward looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Cross Media Marketing Corporation intends that such forward-looking statements be subject to the safe harbor created thereby. In addition to the 2001 revenue and earnings per share projections contained in this release, these forward-looking statements regard Cross Media Marketing's acquisition activities, revenues, earnings, liquidity, financial condition, and ability to exploit its database and certain technological innovations and certain operational matters. Such forward-looking statements are based on current expectations but involve certain risks and uncertainties. Cross Media Marketing's actual results, performance or achievements could differ materially from the results, performance or achievements projected in, or implied by, such forward-looking statements as a result of risk factors including without limitation the following: Cross Media Marketing's need to raise additional debt and/or equity financing, the adequacy of bad debt reserves, changes in economic conditions or a material decline in the availability of consumer credit, interest rate fluctuations, Cross Media Marketing's limited operating history, Cross Media Marketing's strategy of growth through acquisitions, competitive factors, the need to manage growth, volatility in the market price of the Common Stock, risks relating to government regulation of telemarketing and internet marketing activities, and potential dilution. These factors are described in detail in Cross Media Marketing's 2000 Form 10-KSB and its Forms 10Q-SB filed with the SEC, which are incorporated by reference. Cross Media Marketing assumes no responsibility to update the information included in this press release or on its website, whether as a result of new information, future events or otherwise.