Spin-Off Fueled by Investment from Vulcan, Network Associates' Internet Venture Fund

NEW YORK, JANUARY 7, 1999 - Bigfoot International, Inc., a New York City-based Internet services firm, today announced that it has spun off its NeoPlanet division, a first-of-its-kind browser-portal featuring intelligent browsing, into an independent company. The spin-off, effective January 1, 1999, was fueled by new capital from an investment group that includes Network Associates, Inc.'s (Nasdaq: NETA) recently formed Vulcan Internet Venture Fund.

The current investment round will provide NeoPlanet with the funding it needs to implement its business plan, continue development of future products and support the marketing of NeoPlanet 2.0, which provides users with a complete Internet environment, fusing the best of portal and browser functionality into one highly intuitive and personalized interface to the Web. Since its release in November 1998, NeoPlanet has acquired an installed base of over 250,000 Internet users and the company has signed distribution agreements with more than 50 regional and local Internet Service Providers (ISPs), covering eight of the top 10 U.S. markets.

"NeoPlanet and NAI previously announced the development of a McAfee branded version of NeoPlanet, giving their millions of users a fun, easy way to surf the Net. The McAfee On-Line version will be available in early 1999," said Drew Cohen, president and CEO of NeoPlanet, Inc. "This is a great strategic fit with NAI's McAfee On-Line portal strategy and the investment allows NAI to benefit in the value it creates in NeoPlanet."

Prior to the spin-off, NeoPlanet was one of several distinct divisions within Bigfoot's operations. The other divisions include E-mail Campaign Management (ECM), and the consumer offerings, Bigfoot for Life and Bigfoot Directory. The spin-off is part of Bigfoot's strategy to maximize shareholder value and allow for direct investment in its stable of properties while providing autonomy to the individual businesses.

Network Associates Investments
The NeoPlanet investment comes directly from McAfee Software, a division of Network Associates, Inc., which today announced the formation of "Vulcan," a new Internet Venture Fund designed to bring Internet services to a new level of prominence, performance and capability. The first investments from the fund were in NeoPlanet and DirectWeb, each of which is taking advantage of the evolution of Internet technology to offer tighter interactivity to users and intuitive "smart" services as part of the online experience. Both companies are partners in McAfee Software's new "smart portal" Internet service, found at

"McAfee has always been a pioneer in use of the Internet to meet business needs, offering electronic delivery of products and services online even before there was a World Wide Web," said Srivats Sampath, general manager of the McAfee Software Division of Network Associates. "McAfee's next Internet initiative is our smart portal service and the Vulcan Fund will invest in companies whose technologies are core to aiding our differentiation in this new Internet space of computing and commerce."

About Network Associates
The McAfee Software Division of Network Associates provides desktop utilities and security management. With 9.5 million subscribers to Network Associates online products and services such as Oil Change and SecureCast, a monthly reach of close to 15 million users and an installed base of over 50 million desktops linked to the site through VirusScan, McAfee's market leading desktop anti-virus program, is poised to challenge the way existing portals are perceived and become the leading smart portal on the Web. For more information about McAfee products and please visit the Web site at With headquarters in Santa Clara, California, Network Associates, Inc. is a leading supplier of enterprise network security and management software. For more information, Network Associates can be reached at 408-988-3832 or on the Internet at

About NeoPlanet
NeoPlanet ( provides integrated client-side software services and content to enhance the ease-of-use of the Internet for consumers. Distributors re-brand NeoPlanet's client software, including a Web browser and e-mail client for localized and affinity marketplaces. NeoPlanet's editorial team uses the unique client interface to present the best of the Internet to NeoPlanet users. Distribution channels include ISPs, OEMs, Web sites and direct marketers. NeoPlanet is a registered trademarks of NeoPlanet Inc.

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