NEW YORK--(BUSINESS WIRE)--March 30, 2001--Mail.com, Inc. (NASDAQ: MAIL - news), a leading global provider of outsourced messaging services to enterprises and service providers, today announced the sale of its consumer e-mail business to Net2Phone, Inc. (NASDAQ: NTOP - news), the leading provider of voice and enhanced services on IP networks.

Mail.com's consumer e-mail business includes approximately five million active users and its relationships with high level Web site partners. Net2Phone will also gain rights to provide highly targeted e-mail-based advertising and permission marketing solutions to advertisers as well as the rights to provide e-mail services directly to consumers through partnerships with other Web sites and at the www.mail.com domain. The sale enables Mail.com to focus its resources on providing outsourced messaging services to business customers, as the Company announced in October 2000.

Net2Phone will take advantage of Mail.com's large consumer user base by integrating, within the e-mailboxes, premium products and services including PC-to-Phone services, calling cards and upcoming rich enhanced services such as voice activated e-mail and other personal information management (PIM) services.

"We are very pleased to complete the sale of our consumer business within the timeframe we originally anticipated so that we can focus our time and resources on providing superior outsourced messaging services to businesses,'' said Thomas Murawski, Chief Executive Officer of Mail.com.

"By acquiring these accretive assets from Mail.com, we can market both current and future services to millions of active users as well as gain access to their Web site partners,'' said Howie Balter, CEO of Net2Phone. "We can monetize these users easily, allowing us to diversify revenue streams, expand our product portfolio and increase the marketing effectiveness of our other product lines.''

Under the terms of the sale, Net2Phone paid Mail.com $3.0 million in cash at closing and will pay an additional $0.5 million subject to satisfaction of certain milestones. In addition, Mail.com and Net2Phone have entered into a hosting agreement in which Net2Phone will pay Mail.com for the hosting of the consumer mailboxes for a minimum of one year.

About Mail.com
Mail.com, Inc. (NASDAQ: MAIL - news) is a leading global provider of outsourced messaging services to enterprises and service providers. Mail.com offers a comprehensive portfolio of messaging services through the essential communications infrastructure companies need to do business in today's 24x7x365 environment. Our solution set includes e-mail and groupware services including managed Microsoft Exchange, Novell GroupWise and Internet e-mail services; boundary services for virus protection, spam control and content filtering; message delivery services such as EDI, telex, desktop fax, broadcast and production messaging services; and professional services such as managed services support, on-site application management, help desk and staff augmentation services.

This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of Mail.com. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various factors that could cause actual events or results to differ materially from those indicated from such forward-looking statements These risks and uncertainties are described in the Company's most recent prospectus and other filings filed with the Securities and Exchange Commission and in subsequent filings with the Securities and Exchange Commission.