Contact: Glenn Jasper beenz.com 212-808-7206 glennjasper@beenz.com George Zouvelos Neale-May & Partners 212-213-5400 zouvelos@nealemay.com

beenz.com Protects Consumers Through Partnership with WebAssured.com

December 21, 1999 - New York, NY - WebAssured, the leading Internet purchase protection firm, and beenz.com, creator of beenz, the web's currency^TM today announced a partnership whereby beenz users will have all "spend beenz" transactions guaranteed.

WebAssured will provide beenz.com its industry-first On-line Purchase Protection^SM program. This partnership provides beenz users positive assurance that what they order is what they will get, or WebAssured.com will refund their money directly.

"WebAssured enables us to protect consumers," said Philip Letts, chairman and CEO of beenz.com. "It is our responsibility as the creator of a global currency to ensure that consumer purchases using beenz are guaranteed."

beenz is the universal Web currency that consumers earn by visiting, interacting with, or shopping at participating Web sites. Consumers can then spend their beenz on DVDs, sporting goods, vacations, books, downloadable music, clothing, gift certificates and thousands of other products and services at participating traders. There are currently more than 450,000 consumers earning and spending beenz.

It is critical that all sites accepting beenz as payment for merchandise are reputable. WebAssured will take the responsibility of ensuring that is the case with all beenz sites.

"We are in the business of giving consumers peace of mind," said Travis Morgan, President and CFO of WebAssured.com. "beenz users will never have to wonder whether the beenz sites they are purchasing from are credible."

Consumers will know instantly that the beenz-enabled sites they are visiting have agreed to treat them fairly and ethically when they see the WebAssured.com certification seal. Sites also agree to make public all consumer feedback about them. WebAssured.com also offers a means for consumers to resolve complaints about electronic merchants using its Automated Dispute Resolution System (AdDResS^SM). If these measures fail to resolve merchant misconduct, WebAssured.com will refund consumers' beenz up to a predetermined limit designated for each site.

"As the beenz economy grows, it is important that consumers and merchants have the same confidence in beenz that they have in offline currencies," said Letts.

About WebAssured
WebAssured.com was the first entity to offer an independent web-site certification program and on-line dispute resolution service. A complete description of the consumer protection tools offered by WebAssured.com, including the On-line Purchase Protection^SM program underwritten by Lloyd's, can be found at www.webassured.com.

About beenz.com
beenz.com, creator of beenz, the web's currency^TM, is headquartered in New York with offices across North America, Europe and the Asia Pacific region. beenz is a powerful online marketing tool designed to attract and maintain the attention of online consumers. beenz technology partners are Oracle Corporation (NASDAQ: ORCL), Sun Microsystems (NASDAQ: SUNW) and Exodus (NASDAQ: EXDS). beenz also has a strategic marketing alliance with DoubleClick (NASDAQ: DCLK). The company's founder and chief technology officer is Charles Cohen. Philip Letts is the chairman and chief executive officer. For more information, please visit www.beenz.com.