Larry Ellison's New Internet Computer Company Announces New Management Team for `Phase Two' Growth.

Business & High-Tech Editors

SAN FRANCISCO--(BUSINESS WIRE)--April 17, 2002

Today The New Internet Computer Company, the Internet appliance company founded by Larry Ellison and Gina Smith in January 2000, is proud to announce the executive team charged with taking the company into its next phase of growth.

Peter Clark, former NIC acting CFO, has been named The NIC Company's new Chief Executive Officer. Ken Lambert will serve as President. Mr. Clark brings more than 25 years of experience in senior financial and operational roles with such technology companies as Sun Microsystems, ROLM, WhoWhere? Inc., one of the leading community sites on the Internet before being acquired by Lycos, and MyFamily.com. Mr. Lambert has over 25 years of multinational senior management experience, including former position as division president and as a member of the board of directors of D'Arcy Inc., one of the world's leading marketing communications agencies and part of the Bcom3 Holding Company. Larry Ellison, the chairman of Oracle Corporation and founder of The NIC Company, continues in his role as The NIC Company's chairman.

Peter Clark replaces founding CEO Gina Smith, who left in March to pursue other opportunities.

"Gina Smith has been the heart and soul of the New Internet Computer Company. She took it from the concept stage to a small yet fast-growing company producing an awesome product," says Peter Clark. "Now, the New Internet Computer Company is prepared to build on this foundation and turn itself into a solid, global enterprise selling a range of reliable, affordable and practical solutions to millions of people around the world."

To accomplish this, the company is augmenting its sales and marketing efforts to focus on its core markets: education, enterprise and families. These markets are those that have demonstrated intense demand for an inexpensive alternative to PC-based Internet and server computing; these are also areas that continue to provide a wealth of opportunities for the NIC Internet computer and other Internet-focused devices and services currently in development by The NIC Company.

"The NIC device is an elegantly simple, inexpensive and reliable computer that has brought us this far and will continue to serve our customers well," says Ken Lambert. "Now we're preparing to enter markets both domestically and overseas to offer schools, corporations, service-providers, and families a full package of affordable, practical solutions that will improve the quality of our users' lives by allowing them to tap into, and leverage, the opportunities presented by the Internet."

The NIC Internet computer has been getting raves since its August 2000 release. It was named "the cheapest way to get on the net" by NBC's TODAY SHOW. The NEW YORK TIMES called it "more robust than a simplified Internet appliance." In the February 2001 issue of LINUX JOURNAL, the reviewer called NIC "the first, best and least expensive of the new breed of affordable Internet and network appliance computers. Viewed in the context of its design, this device is a bargain." And in May, PC MAGAZINE gave the NIC "four out of five stars" for functionality and design.

About The NIC Company:

Founded in January 2000, the NEW INTERNET COMPUTER COMPANY and its NIC Internet appliance bring fast, affordable and functional Internet access to consumers, schools and businesses without the cost or complexity of a PC. Starting at $199.99, the NIC offers plug-and-play email and Internet access.

The NIC Company is located at 781 Beach St., San Francisco, CA, 94109. Telephone [phone]. For more information on the NIC, visit The NIC Company's website at www.thinknic.com.