uBid Introduces New Fixed Price Electronics Superstore

FOR IMMEDIATE RELEASE:                     
UBID INTRODUCES NEW ELECTRONICS SUPERSTORE
AND UNDERSCORES B2C FOCUS
Institutes Opening Bid and Holiday Shipping Promotions

CHICAGO, IL (November 20, 2002) – uBid, a leading business-to-consumer
e-commerce marketplace and majority-owned operating company of CMGI, Inc. (NASDAQ: CMGI), today unveiled plans to launch the uBid Electronics Superstore channel to join its flagship Auction channel at www.ubid.com. The fixed-price superstore, which is expected to launch during Thanksgiving week in time for holiday shopping, will offer new brand-name offerings in consumer electronics, computers and peripherals and expand uBid's traditional product offerings to include the hottest movie DVDs and computer and software games – items previously unavailable to consumers through uBid's site.

In addition, uBid announced a holiday promotion to reduce shipping expenses on orders through the uBid Electronics Superstore channel to $2.49 per order. Also through the holidays, uBid Auction has reduced the opening bid by more than 80% -- most bids will start at $1.

uBid today also announced it has closed its Consumer Exchange (C2C) channel at uBid.com to focus the company and its customer care efforts on its roots as a B2C
e-commerce concern.    

"Entering the busiest of retail seasons, we're affirming uBid's focus as a leading business-to-consumer pipeline for computer and consumer electronics," said Christian Feuer, President and Chief Executive Officer, uBid, Inc. "In today's competitive computer and consumer electronics marketplace, our customers are best served by expanding our product offering in these categories. Complementing our traditional auction channel, we're now providing a fixed-price alternative featuring new, brand name computers and consumer electronics. "

About uBid

uBid, based in Chicago, Ill., is a leading business to consumer auction and e-commerce marketplace. Founded in 1997, uBid is committed to being the high value, low price
e-tailer on the web. The company specializes in providing customers with savings on items from leading brand-name manufacturers such as Sony, Hewlett-Packard, IBM, Compaq, AMD and more. uBid is the majority-owned operating company of CMGI, Inc. (Nasdaq: CMGI). For more information, visit www.ubid.com.

uBid and uBid.com are trademarks of uBid, Inc. All other products and services mentioned may be trademarks or service marks of their respective owners All amounts specified herein are in US dollars.

This release contains forward-looking statements, which address a variety of subjects including, for example, the expected ability of uBid to successfully implement and operate a fixed price e-commerce business. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uBid's success depends on the continued and increased acceptance of its website, its method of selling products, and the Internet as a medium; consumer preferences for the products offered by uBid may change rapidly; uBid's technologies may not successfully interoperate with those of third parties; and increased competition and technological changes in the markets in which uBid competes. For a detailed discussion of these and other cautionary statements, please refer to CMGI Inc.'s filings with the Securities and Exchange Commission, including CMGI's most recent Annual Report on Form 10-K.

Contact:
Beth Peterson
(708) 383-5989
cell (708) 466-3519
elizpeterson1177@hotmail.com




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