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Press Release

InfoSpace's New Mobile Banking Service to Enable Management of Multiple Financial Accounts from One Place on Cellular Phones and PDAs

July 24, 2000
InfoSpace's New Mobile Banking Service to Enable Management of Multiple Financial Accounts from One Place on Cellular Phones and PDAsBELLEVUE, Wash.--(BUSINESS WIRE)--July 24, 2000--InfoSpace, Inc. (Nasdaq: INSP), a leading provider of infrastructure services for wireless devices, merchants and Web sites, announced today that it will launch a new financial service that will enable users of wireless devices to access a consolidated view of all their personal financial information from multiple institutions -- such as bank accounts, bills, credit cards, investments and loans -- in one place, using one secure ID and password. This service will be integrated into InfoSpace's leading wireless Internet platform of data and transaction services and offered to its partners including financial institutions, wireless carriers, portals and others.

Additionally, future versions of this service will offer other transactional services such as bill presentment and payment and fund transfers from one account to another.

"Our goal has always been to provide an end to end wireless services infrastructure that turns each and every mobile device into a true transaction device," said Naveen Jain, chairman, InfoSpace. "Integrating these personalized financial services into the InfoSpace platform enables us to offer our partners the ability to roll out new services that provide their users with one place to securely view and manage any of their financial accounts, forever changing the way people use, interact with and think about mobile devices."

About InfoSpace

InfoSpace is a worldwide leader in providing infrastructure services for commerce, communication and information to wireless carriers, merchants and Web sites. The Company's affiliates include a network of wireless and other Internet-enabled devices including PCs, cellular phones, pagers, screen telephones, television set-top boxes, online kiosks, and personal digital assistants. These include relationships with Verizon Wireless, AT&T Wireless, Vodafone, ALLTEL, VoiceStream, U S WEST, Intel, Ericsson, Nokia, Mitsui and Acer America. InfoSpace's affiliate network also consists of more than 3,000 Web sites that include AOL, Microsoft, Disney's GO Network, NBC's Snap, Lycos, go2net Inc., DoubleClick, Dow Jones (The Wall Street Journal Interactive Edition) and ABC LocalNet, among others.

NOTE: This release contains forward-looking statements relating to the development of the Company's products and services and future operating results, including statements regarding the Company's new products and services that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors Affecting InfoSpace's Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

InfoSpace, Inc.
Adam Whinston, 425/201-8946
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