UBID LAUNCHES INDUSTRY’S FIRST FULLY INTEGRATED RETURNS AND

REFURBISHMENT CENTER FOR TECHNOLOGY VENDORS

Complete Solution Enables New Revenue Stream for 2^nd Largest Online Auction Site;

Allows Manufacturers and Retailers To Reduce Costs Associated

with Refurbishment and Re-Marketing of Returned Merchandise

CHICAGO, IL - March 27, 2002 – uBid, a leading online auction and e-commerce marketplace and majority-owned operating company of CMGI, Inc. (NASDAQ: CMGI), today announced the opening of its new refurbishment center, providing a fully integrated logistics solution for handling the return, repair, refurbishment and re-marketing of technology products.

The refurbishment center, located in the state-of-the-art, Memphis, Tennessee warehouse operated by SalesLink, another CMGI operating company, provides a high-quality, full-service refurbishment and re-marketing solution that aids manufacturers and retailers in maximizing asset recovery on product returns. As part of the company’s integrated solution, uBid provides retailers, distributors and manufacturers a new opportunity to capture value through technology-based logistics services where returned product is evaluated, refurbished, re-marketed and ultimately resold through uBid’s auction marketplace.

“After more than 5 years of dealing with top manufacturers in the consumer technology market space, we know that refurbishment and resale is one of the most difficult phases of the product lifecycle. Our one-stop solution is the first of its kind and is poised to deliver significant value in helping vendors address this challenge,” said Tim Takesue, Acting CEO, uBid. “With the launch of the new center, we can now offer our partners complete product lifecycle management, including faster processing and significantly improved cash generation, for returned and overstock merchandise.”

The benefits for uBid are equally compelling as this new service enables the company to remarket returned and overstock merchandise directly on uBid.com, giving consumers an even wider selection of merchandise at great prices, while creating another avenue to capture additional revenue and margin to improve its bottom-line.

The uBid solution is simple, fast and ensures that retailers and manufacturers capture revenue on returns. Once uBid receives a returned product, the company’s specialized team of technicians evaluates the product’s condition. The product is examined and refurbished, and uBid’s dedicated team of merchandise experts then determine when to list the items, how long to list them, and the minimum bid price necessary to get the best return on investment.

About uBid

uBid, a majority-owned operating company of CMGI, Inc., is a leading retail auction and e-commerce marketplace that offers consumers and businesses three ways to buy and sell. The company’s Internet auctions feature a rotating selection of more than 12,000 products daily in 16 different product categories, providing consumers and small to mid-sized businesses with the opportunity to purchase a wide range of brand name merchandise, often at greatly reduced prices, through live-action bidding. In addition to uBid’s own auction listings or uBid Direct, uBid features uBid Preferred Partner auctions in which consumers will find products listed by uBid-approved businesses and backed by uBid or brand warranties. Users can also buy or sell products through uBid’s Consumer Exchange, in which consumers list their items for auction with no listing fee.

With more than 3 million registered users, uBid is committed to providing its customers with the highest quality auction experience on the Internet and offers supplier warranties on most consumer products. uBid 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.

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.

This release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits and functionality of uBid’s new refurbishment center and the expected ability of uBid to refurbish and then auction the refurbished merchandise. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: uBid has limited experience in handling returns and refurbishment, uBid’s success depends on the continued and increased acceptance of its website 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's filings with the Securities and Exchange Commission, including CMGI's most recent Quarterly Report on Form 10-Q.

CONTACT:

Denise Mancini

Manager, Corporate Communications

773-272-4562

denisem@ubid.com