CMGI Sells Majority Interest in Signatures SNI to Existing Management Team.

Business/Technology Editors

SAN FRANCISCO & ANDOVER, Mass.--(BUSINESS WIRE)--Feb. 13, 2001

Transaction Supports CMGI Strategic Direction;

CMGI Retains Significant Minority Stake in Subsidiary Company

CMGI, Inc. (Nasdaq: CMGI), a leading global Internet operating and development company, today announced the sale of a majority interest in Signatures SNI, Inc., parent of Signatures Network, to the Signatures management team. Signatures Network is the music industry's leading merchandising and licensing company.

Under the terms of the transaction, the current management team, led by Dell Furano, founder and CEO and Don Hunt, President and COO, will assume financial and operating control of the company; CMGI will retain a significant minority interest as well as a position on the Signatures' Board of Directors. Additional terms of the transaction were not disclosed.

CMGI Chairman and CEO, David Wetherell said, "This is a positive step for both CMGI and Signatures Network. This new structure allows Dell and Don to grow the Signatures Network business consistent with their vision and current market opportunities, while allowing CMGI to remain a minority shareholder that can benefit from the growth and success of Signatures while furthering its own strategic goals."