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To: 2MAR$ who wrote (900)	6/24/2001 12:48:46 PM
From: keithcray	Read Replies (1) \| Respond to of 208838

Press Release Stull, Stull & Brody Announces Class Action Against Infospace, Inc. NEW YORK--(BUSINESS WIRE)--June 23, 2001--The following is an announcement from the law firm of Stull, Stull & Brody: Notice is hereby given that a class action lawsuit was filed on June 22, 2001, in the United States District Court for the Western District of Washington on behalf of all persons who purchased or otherwise acquired the securities, and/or who sold the put options of InfoSpace, Inc. (``InfoSpace'') (NASDAQ:INSP - news) between January 26, 2000 and January 30, 2001, inclusive (the ``Class Period''). The complaint charges InfoSpace and its founder and Chairman, Naveen Jain, with violations of the Securities Exchange Act of 1934. The complaint alleges that between January 2000 and January 2001, Defendants disseminated false and misleading information concerning InfoSpace's actual FY 1999 and 2000 financial performance and Defendants' expectations concerning InfoSpace's FY 2001 revenue and earnings. In fact, neither InfoSpace's reported FY 1999 and FY 2000 results nor its projected FY 2001 performance were accurate. Defendants' public representations were the result of Defendants' efforts to manipulate InfoSpace's reported earnings and expected FY 2001 performance and were designed to (and did) allow: (i) Jain to sell millions of dollars of his own InfoSpace shares at artificially inflated prices; and (ii) allow Defendants to complete a series of acquisitions using shares of InfoSpace's artificially inflated stock as currency, including the October 2000 acquisition of Go2Net. On January 30, 2001, after Defendants had completed several acquisitions using inflated InfoSpace shares as currency, Defendants disclosed that, contrary to the representations made by them during 2000 that InfoSpace was experiencing strong revenue growth during 4Q99, and FY 2000 and that InfoSpace would continue to post strong revenue growth through FY 2001, InfoSpace would report no revenue growth or EPS for FY 2001, but rather would report declining revenue and a significant loss for the year. As Defendants began to reveal some of their improper conduct, including the fact that Defendants' projected revenues and earnings estimates were false, InfoSpace's shares fell to less than $6 per share, a 95% decline from their Class Period high of $138-1/2 per share. Plaintiff seeks to recover damages on behalf of class members and is represented by, among others, the law firm of Stull, Stull & Brody. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 25 years and has obtained court approval of substantial settlements on numerous occasions. If you purchased or otherwise acquired the securities and/or sold the put options of InfoSpace between January 26, 2000 and January 30, 2001, you may, no later than 60 days from June 19, 2001, request the Court to appoint you as lead plaintiff. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Tzivia Brody, Esq. at Stull, Stull & Brody by calling toll-free 1-800-337-4983, or by e-mail at SSBNY@aol.com, or by fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. -------------------------------------------------------------------------------- Contact: