internet.com Venture Partners III and internet.com fuel Growth of E-customer Service Company

New York, July 27, 2000 - AskIt.com, an Application Service Provider that is a leader in outsourced online customer service solutions for small to mid-market companies, today announced that it has closed on $1.3 million of Series A funding from internet.com Venture Partners III, part of the affiliated venture capital arm of internet.com Corporation, (Nasdaq: INTM) the Internet Industry Portal. AskIt.com anticipates that it will raise an additional $900,000 before it closes this round of financing August 26, 2000.

internet.com Venture Partners III is managed by Alan M. Meckler, internet.com's chairman and CEO. internet.com Venture Partners III invests in Internet properties that demonstrate high growth potential and promote commerce and community through providing innovative online technology solutions and vertically focused content and informational resources. internet.com Venture Funds I, II and III have invested in 43 Internet properties to date. internet.com Corporation also announced that it will provide advertising across the internet.com network of properties in exchange for an equity interest in AskIt.com. Additional terms of these investments were not disclosed.We are pleased and very excited to be a part of the internet.com portfolio,'' said Ken Shapiro, President of AskIt.com. ``Their knowledge of the Internet industry and experience helping their portfolio companies prosper will help AskIt.com maximize its potential. Added David Gusick, CEO and Chairman of AskIt.com, "we view internet.com Venture Partners III and internet.com and their portfolio companies as strategic and synergistic partners for AskIt.com and look forward to leveraging these relationships."

"AskIt.com has uncovered a valuable business need and is leveraging the power of the Internet to make available an essential and affordable solution to small and mid-sized companies that will enable them to provide customer service quality on par with Fortune 500 companies", said Alan M. Meckler, Chairman and CEO of internet.com and Principal of internet.com's Venture Funds. "We look forward to working with this forward-thinking company to lend our expertise and funding to help them exceed their goals."

About AskIt.com
AskIt.com (www.askit.com) was founded in September 1999 by a team of successful entrepreneurs with a proven track record of building and growing Internet and start-up companies. The company provides outsourced online customer service and support solutions for e-commerce and corporate Web sites of small to medium-sized companies and organizations. Offering a free Standard version to a Premium version at $500 per month the AskIt system can be set up in under a few hours. AskIt.com's solution reduces inbound emails and customer support costs up to 80%, increases customer service levels by offering 24x7 automated support and allows companies to gain valuable insight into their businesses. AskIt.com has over 40 customers, which include: Dean & Deluca, Ritz Camera, Boater's World, American Society of Association Executives, Golf Day, the American Institute of Graphic Arts, the New York New Media Association, and BabyUniverse.com. AskIt.com is a privately held company and is headquartered in New York at 116 W. Houston Street. For additional information, contact ken@askit.com or call (212) 254-4194.

About internet.com Venture Funds and internet.com Corporation
internet.com Corporation (www.internet.com) the Internet Industry Portal, is based in Darien, CT. It is a leading provider of global real-time news and information resources for Internet industry and Internet technology professionals, Web developers and experienced Internet users. internet.com operates a network of 126 Web sites, 177 e-mail newsletters, 136 online discussion forums and 79 moderated e-mail discussion lists with over 2.1million unique visitors that generate more than 140 million page views monthly. Total ``views'', which include Web site page views, e-mail newsletter views and e-mail discussion list views, are nearly 200 million per month. internet.com's global presence includes editions in Arabia, Asia, Australia, Belgium, Canada, China, Espanol, France, Germany, India, Israel, Japan, The Netherlands, South Africa, Taiwan and the United Kingdom. internet.com Venture Funds were formed to invest in early-stage online content providers serving targeted markets that follow the strategy of, but are not competitive to, internet.com. internet.com is the portfolio manager of these funds and is also an investor in each fund.

Interested advertisers should contact Susan Leiterstein, Vice President and Publisher, internet.com, at adsales@internet.com or (203) 662-2962. For Venture Capital information, contact Kirk Holland, Vice President, Business development, at kholland@internet.com or (650) 745-3636.