Lycos Welcomes New Chief Technology Officer and Vice President

Ned Rhinelander Joins Lycos to Streamline Engineering Initiatives

WALTHAM, Mass., July 11, 2012 /PRNewswire/ -- Lycos, Inc. today announced the appointment of Ned Rhinelander as Vice President and Chief Technology Officer. Rhinelander's extensive experience in management of engineering teams will help to lead Lycos in a strategic refocusing of its engineering resources.

Rhinelander joins Lycos with over 18 years experience delivering publishing and advertising solutions for high-volume consumer media brands. Most recently he served as VP of IT Architecture at CBS Interactive, delivering solutions in the areas of content personalization and optimization. Prior to CBS Interactive, in the position of VP of Site Engineering at CNET Networks, he led more than one hundred engineers responsible for website publishing and delivery. He holds an MBA in High Technology from Northeastern University.

"Ned Rhinelander is a tremendous addition to our team, bringing with him great experience and comprehension of our industry," said Rob Balazy, CEO of Lycos. "We were built upon a strong foundation of technology, with our talented engineering groups being the backbone of the company. Ned is the right person to cultivate these teams, allowing them to play to their assets and strengthening Lycos as a company."

"I am thrilled to join the team," said Rhinelander. "Lycos has known over the years how to keep evolving and adapting, making positive movements into key areas of digital media. I am excited to join the company in this time of change and am confident that Lycos will continue to innovate."

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, 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.

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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: 2012-07-11