Alliance Enables uBid to Enhance Customer Experience

CHICAGO, IL (February 5, 2001) uBid, a leading e-commerce auction site, announced today the selection of FedEx Home Delivery as its preferred shipping service. FedEx Home Delivery, an operating unit of FedEx Ground and parent company FedEx Corp. (NYSE:FDX), is the industry's first ground service dedicated exclusively to residential delivery.

Along with the reliability and confidence that comes from shipping with an industry leader, the relationship enables uBid to offer a suite of service options previously not available, including standard evening and Saturday delivery, as well as premium services such as day-specific and signature delivery. In the future, uBid customers will also have the option of selecting delivery by appointment, which guarantees delivery within one hour of a specified time.

"This agreement underscores uBid's commitment to providing its customers with the best e-commerce purchasing experience possible," said Greg Jones, president and CEO of uBid. "The more we can offer services that consumers don't usually find in online auctions, such as product warranties, 24-hour technical service help, and a variety of delivery options, the more confidence and security we provide them when bidding online."

uBid offers consumers and small to mid-sized businesses the opportunity to purchase a wide range of brand name merchandise often at greatly reduced prices. In addition, uBid offers supplier warranties on most products and bids begin as low as $9.

"FedEx Home Delivery completes uBid users' online experience by offering reliable delivery and premium options, all backed by a Money-Back Guarantee, " said Daniel J. Sullivan, president and chief executive officer of FedEx Ground.

About uBid
uBid, a majority-owned operating company of CMGI, Inc., is a leading online auction and e-commerce site that offers consumers and small-to-mid-sized businesses the opportunity to purchase a wide range of brand name merchandise, often at greatly reduced prices, through live-action bidding using sophisticated auction technology. The company's Internet auctions feature a rotating selection of more than 12,000 items in each daily auction. uBid offers auctions in more than 12 different product categories, including: computer equipment, consumer electronics, home and leisure, sports and recreation, jewelry and gifts, apparel, home improvement products, art, appliances, and travel and events. In addition, consumers may participate in the new uBid Auction Exchange marketplace, in which third-party vendors and consumers list their items for auction.

With more than 2.0 million registered users, uBid is committed to providing all customers with the highest quality auction experience on the Internet and offers supplier warranties on most consumer products. uBid.com also meets Better Business Bureau Online standards, which gives customers the confidence and security to bid safely online. For more information, visit the company's Web site at www.ubid.com.

About FedEx
FedEx Home Delivery, a service of FedEx Ground, is the only delivery service to focus exclusively on the residential market and was the first residential service to provide a Money-Back Guarantee.

FedEx Ground, a $2 billion subsidiary of FedEx Corp., is the second largest small-package ground carrier in North America, with an automated network of 370 distribution hubs and local pickup-and-delivery terminals supported by a team of 35,000 employees and contractors throughout the United States and Canada.

With annual revenues of $19 billion, FedEx Corp. (NYSE:FDX) is the premier global provider of transportation, logistics, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Logistics, an integrated logistics, technology and transportation-solution company; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions. More than 2.5 million customers are connected electronically through the FedEx information network and approximately two-thirds of its U.S. domestic transactions are now handled on-line.

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.

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