VALEO IP to Provide Wired News with Online Content Licensing Services

May 16, 2005 - Valeo Intellectual Property, Inc. announces it has signed a contract with Wired News, owned by Lycos, Inc., to provide full service online content licensing services for www.wired.com. The contract fully incorporates Wired News' award-winning content into Valeo IP's online content licensing service. The instant licensing service, which includes custom reprinting options for the online content, will make Wired News' unique content more useful to corporate users concerned with copyright compliance. Valeo IP's current customers and enterprise clients now have the ability to instantly license the proprietary content that has appeared on wired.com.

About Valeo IP

Valeo Intellectual Property, Inc. simplifies the copyright licensing process for readers and publishers, promoting content sharing while protecting copyrights. Valeo IP provides traditional publisher services surrounding rights management including marketing and production of custom reprints. Valeo IP also provides online instant clearances with an e-commerce engine that generates unique, traceable licenses and instantly formats online articles into PDFs and other common file types. The company manages content permissions for Associated Press, United Press International, VNU Business Media, Inc, Knight Ridder Digital and many others. Enterprise clients enjoy access to a collection of constantly updated, instantly clearable articles. www.valeoip.com

About Wired News

Wired News (www.wired.com) is a leader in online journalism, providing a daily source of exclusive, original news, features and commentary on the impact of technology, science and the internet on business, politics, culture and people's daily lives. The site has been nominated 23 times for online journalism awards and has won numerous awards, including the 2004 IRE Award for investigative journalism and the 2003 People's Choice Webby award for overall excellence. The site was also honored in MediaPosts's 2005 Top 45 Best of the Web, as well as PC Magazine's 2004 "Top Websites You Didn't Know You Couldn't Live Without." Wired News is also the online home of WIRED Magazine, which just won the 2005 National Magazine Award.

About Lycos, Inc.

Lycos is one of the original and most widely known Internet brands in the world, evolving from one of the first search engines on the web, into a comprehensive network of social media web sites that foster online communities.

Lycos has been a pioneer in intelligent spidering search technology, combining its proprietary technology with other best in class search services to provide a powerful and relevant search experience for its users.

Times change, and Lycos has changed with them, evolving into digital media power house with two major divisions

Lycos, is a network of easy to use community and social sites. Lycos's award-winning products and services include tools for blogging, web publishing and hosting, online games, e-mail, and search. The Lycos Network of sites and services include Lycos.com, Tripod, Angelfire, HotBot, Gamesville, WhoWhere, and Lycos Mail. Integrated, these sites help in bringing people together to interact, conduct commerce, have fun, and experience the best the Internet has to offer, is in our DNA. We offer 40 Local Sites in 120 Languages with a community spanning across 177 Countries. Lycos consistently averages 12 - 15 million monthly unique visitors in the U.S.

Lycos employs over 500 people working out of 24 offices worldwide, including the US, Argentina, Brazil, Chile, Uruguay, Mexico, the UK, France, Germany, Italy, Ukraine, Sweden, Serbia, Israel, China, Thailand, Panama, India, Emirates, Russia and Australia, and with representatives or partners in Spain, South Africa, and The Netherlands.

www.lycos.com

Media Contact

US PR Department
pr@lycos-inc.com

Disclaimer
This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behavior of financial and digital marketing industry, and fluctuations in exchange rates; from future integration of businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Date: 2005-05-16