Networking Industry Energy and Enthusiasm Strong At NetWorld+Interop 2001 Las Vegas.

Business Editors/High-Tech Writers

LOS ANGELES--(BUSINESS WIRE)--May 15, 2001

At last week's NetWorld+Interop, the networking industry demonstrated that it is ready to build the next generation of network infrastructure for today's global business and that there is great life in the marketplace, Key3Media Group, Inc. (NYSE: KME) announced today. On-site research conducted at the Las Vegas Convention Center by the Key3Media research department found that two-thirds of attendees surveyed indicated their organizations would increase spending on network infrastructure, wireless and security products and services, a direct contrast to the current economic climate. The study also revealed that 61 percent of attendee organizations have budgets of over $500,000 for these products and services, with only 18 percent of those budgets set at $100,000 or less. Remarkably, of the attendees surveyed, only five percent in wireless, six percent in security and seven percent in infrastructure are forecasting a decrease in spending.

"The energy and enthusiasm demonstrated at NetWorld+Interop was incredibly strong, and the event was filled with active, engaged buyers," said Valerie Williamson, brand president of Interop for Key3Media Events, Inc. "Our attendee survey results, as well as exhibitor feedback, indicate that the market embraces the idea that the network is your business and is prepared to take action."

"NetWorld+Interop is a major event for Computer Associates," said Mel Estrada, business manager, marketing, Computer Associates. "This is THE major event within the networking space. This year, because of our wireless initiatives, we saw it as a key area to bring out our wireless solutions for North America."

"I'm very pleasantly surprised with the event given the economic climate," said Don Harris, marketing communications manager, Check Point Technologies. "We did better than last year and experienced overall better traffic. We had a very good show -- probably the best show we've had so far."

"NetWorld+Interop was an important show for us," said Ron Zimardi, director of marketing communications, Teja Technologies. "Lead generation and traffic was been incredible. We put all of our resources into NetWorld+Interop -- and it paid off ten-fold."

Also at the event, the Best of Show awards, judged and awarded by editors from InternetWeek and Network Computing who reviewed more than 300 new products from companies around the world, were presented at a ceremony on held on May 9. The award presentation recognized industry leading products and services announced at NetWorld+Interop 2001 Las Vegas, with the coveted Best of Show Grand Prize going to Atoga Systems' Optical Applications Router (OAR) 5i.

The People's Choice award, selected by a significantly higher number of participating attendees then in previous events, went to Cisco Systems' SN5420 Storage Router. Votes were cast through online polling available exclusively to NetWorld+Interop attendees at Novell's Connecting Points. Below are winning vendors of additional Best of Show categories:

E-Commerce: e-biznis.com

Network Security: NetMotion Wireless

Network Performance: NetScaler

IP Video & Telephony Applications: Vantum

Network Applications Software: Captaris

Enterprise Network Infrastructure: Cisco Systems 

Performance Test & Measurement: Spirent Communications

Carrier Network Infrastructure: Atoga Systems

Network Management: Analytical Engines

Network Servers & Peripherals: PictureIQ Corporation

WAN & Remote Access Equipment: Alcatel

WAN Services: Qwest Communications 

To obtain NetWorld+Interop 2001 Las Vegas attendee survey results, please contact Kimberly Heaney at [e-mail]. Up-to-date NetWorld+Interop information is available online at www.interop.com.

NetWorld+Interop is a Key3Media Group event. Key3Media Group, Inc., is the world's leading producer of information technology tradeshows and conferences, serving more than 6,000 exhibiting companies and two million attendees through 49 events in 16 countries. Key3Media's products range from the IT industry's largest exhibitions such as COMDEX and NetWorld+Interop to highly focused events featuring renowned educational programs, custom seminars and specialized vendor marketing programs. For more information about Key3Media, visit http://www.key3media.com.

Certain matters discussed in this release are "forward-looking statements," including statements about Key3Media's future results, plans and goals and other events, which have not yet occurred. These statements are intended to qualify for the safe harbors from liability provided by the Private Securities Litigation Reform Act of 1995. You can find many (but not all) of these statements by looking for words like "will," "may," "believes," "expects," "anticipates," "plans" and "estimates" and for similar expressions. Because forward-looking statements involve risks and uncertainties, there are many factors that could cause Key3Media's actual results to differ materially from those expressed or implied in this release. These include, but are not limited to, economic conditions generally and in the information technology industry in particular, the timing of Key3Media's events and their popularity with exhibitors, sponsors and attendees; technological changes and developments; intellectual property rights; competition; capital expenditures; and factors impacting Key3Media's international operations. In addition, the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Registration Statement on Form S-1 (File No. 333-36828) and/or the Annual Report for the year ended December 31, 2000 on Form 10-K filed by Key3Media with the SEC contain important cautionary statements and a discussion of many of the factors that could materially affect the accuracy of Key3Media's forward-looking statements and/or adversely affect its business, results of operations and financial position, which statements and factors are incorporated herein by reference. Key3Media does not plan to update any forward-looking statements.

Note to Editors: Key3Media, NetWorld+Interop, Interop, InteropNet, COMDEX and associated design marks and logos are trademarks owned or used under license by Key3Media Events, Inc., and may be registered in the United States and other countries. NetWorld is a service mark of Novell, Inc., and is registered in certain jurisdictions. Other names mentioned may be trademarks of their respective owners.