Gratis1 to Provide Free Access to Intermanagers Users

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Monday, October 16, 2000

Regional free access provider Gratis1 (www.gratis1.com)will provide unlimited free Internet access to the 150,000 registered usersof Argentina-based corporate information and training site Intermanagers(www.intermanagers.com), Gratis1 said in a statement.

Intermanagers' subscribers will also receive a free email account andin exchange Intermanagers will provide Gratis1 users with access to itsnewsletters, articles on management, a search engine of executive trainingcourses, an events calendar, and access to its shopping channel.

Gratis1 is an initiative by New York-based access and content providerStarmedia Network (NASDAQ: STRM) (www.starmedia.com), US-based privateequity funds Chase Capital Partners and Flatiron Partners, Internet companynetwork CMGI (NASDAQ: CMGI) (www.cmgi.com) and free access solution 1stup(www.1stup.com). It is currently present in 63 cities in six Latin Americancountries.

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Intermanagers belongs to Argentina's HSM Group, which also controlsbusiness magazine Gestion and organizes a series of corporate events, suchas the Expomanagement fair. In March this year, Intermanagers receiveda US$20mn investment led by Chase Capital Partners. It has offices in Argentina,Brazil, Mexico and Miami.