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CMGI Announces New Senior Management Team for Expanded Supply Chain Management Business

Pending completion of Modus Media acquisition, new team will oversee nearly $1 billion global business.

Charlestown, MA - July 12, 2004 - CMGI, Inc. (Nasdaq: CMGI) today announced the senior management team for its expanded Supply Chain Management (SCM) business, which will be formed following the Company's planned acquisition of Modus Media, Inc., expected to be completed on August 2, 2004. The team has been assembled to prepare for the integration of Modus with the supply chain management business of SalesLink, a subsidiary of CMGI, and will be finalized following completion of the Modus acquisition.

“Our combined management teams have collaborated to ensure the seamless coordination and integration of everything from our global IT systems to our combined sales infrastructure,” said George McMillan, President and CEO of CMGI. “Our overriding mission is to maintain superb customer service, focusing on the current and future needs of our global technology clients.”

Once finalized, this acquisition will create a combined business that provides solutions in seven distinct service offerings for technology based clients; including supply based management, sourcing and procurement, kitting and assembly, fulfillment, systems integration and development and reverse logistics. The global footprint of this company extends across 13 countries, covering all major global markets, including North America, Europe and Asia including five operational centers in mainland China.

“The combination of SalesLink and Modus creates an outstanding global company with distinct competitive advantages in the industry,” said McMillan. “I have had the opportunity to work closely with many executives from CMGI, SalesLink and Modus for the past 90 days and I am confident that this new management team has the most extensive, cumulative experience found anywhere in the supply chain management industry. I am thrilled that we have such a seasoned group of executives not only to lead this organization at its current size, but to propel its growth over the next decade.”

The executives that will comprise the management team of the combined business have been working together for the past three months to develop the integration plan. Subject to completion of the acquisition on August 2, 2004, the new SCM management team will include:

George McMillan, President and CEO. These responsibilities will be in addition to Mr. McMillan’s current position as President and CEO of CMGI.

Dan Beck, President of the Americas operations; Dolph Westerbos, President of Europe operations; and Ken Southerland, President of Asia-Pacific operations.

Pat Ring, Senior Vice President of Sales and Marketing.

Eric Kaufman, Vice President of Sales, America; Arno Millenaar, Vice President of Sales, Europe; Allen Fukada, Vice President of Sales, Asia-Pacific; Deb Keeman, Vice President of Marketing; Modus’ Account Management Team and Quin Rodriquez, Vice President of Customer Care and Strategic Accounts.

Bryce Boothby, President of the Global Supply Base Management.

Jerry Kelly and Dennis Hughes, Co-Chief Information Officers.

Susan Lincoln, Senior Vice President of Human Resources

Tom Oberdorf, Chief Financial Officer, and Peter Gray, Executive Vice President and General Counsel will also join the new management team. Mr. Oberdorf’s and Mr. Gray’s new responsibilities will be in addition to their respective current positions as Chief Financial Officer and Executive Vice President and General Counsel of CMGI.

 

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