Dynabazaar Receives Notice of Possible Nasdaq Delisting.

Business Editors

WOBURN, Mass.--(BUSINESS WIRE)--Dec. 22, 2003

Dynabazaar, Inc. (f/k/a FairMarket, Inc.) (NASDAQ:FAIM) today announced that it has received notice from The Nasdaq Stock Market that the company has failed to comply with the minimum bid price requirement for continued listing and that its common stock is therefore subject to delisting from The Nasdaq National Market. Nasdaq has indicated that the company's common stock has failed for more than 30 consecutive trading days to maintain a minimum bid price of $1.00 as required by Marketplace Rule 4450(a)(5). The letter provides Dynabazaar 180 days, or until June 14, 2004, to regain compliance with the rule. The letter states that if the bid price of Dynabazaar's common stock closes at $1.00 per share or more for a minimum of 10 consecutive trading days prior to June 14,2004, Nasdaq will notify Dynabazaar that it is in compliance with the rule. If Dynabazaar is unable to demonstrate compliance with the rule by that date, Nasdaq has indicated that it will determine to delist the company's common stock from The Nasdaq National Market. If that occurs, Dynabazaar could appeal the delisting determination or could apply for listing on The Nasdaq SmallCap Market.

Dynabazaar Forward Looking Statements

This press release contains statements about Dynabazaar, Inc. that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current expectations, forecasts and assumptions that are subject to risks, uncertainties and other factors that could cause actual outcomes and results to differ materially from those indicated by these forward-looking statements. These risks, uncertainties and other factors include, but are not limited to: the reactions of Dynabazaar's customers and vendors to the proposed transactions; Dynabazaar's ability to generate significant revenue to reach profitability; Dynabazaar's ability to attract and retain qualified personnel; Dynabazaar's limited operating history; the possible future directions of Dynabazaar, including the use and disposition of its remaining assets following the term of the transition services agreement with eBay Inc. and possible exploration of strategic alternatives; and the other risks and uncertainties discussed under the heading "Factors that May Affect Results of Operations and Financial Condition" in Dynabazaar's Annual Report on Form 10-K for the year ended December 31, 2002, which was filed with the Securities and Exchange Commission (the "SEC") on March 31, 2003, and other reports filed by Dynabazaar from time to time with the SEC. Dynabazaar assumes no obligation to update any of the information included in this press release.