NetGeo Secures $1.85 MM in Series C Round
Institutions See Strong Growth Opportunity in the Company's Product Pipeline New Investor Daesung Group Aboard; Chairman Kim Elected NetGeo Director

Mountain View, Calif. - June 11, 2002 - NetGeo™ Inc.a leading provider of Internet business intelligence solutions, today announced the close of its latest round of investment. The Company raised $1.85 million to fund infrastructure growth and new product development. Along with existing investors LG Ventures, ALPS Information Technology Fund LP and Michael Yang, a new investor - the Daesung Group (www.daesung.co.kr) -- joined in the round. Younghoon David Kim, Chairman of the Daesung Group, was appointed to NetGeo's Board of Directors.

"We are very thankful to our existing investors and the Daesung Group for their confidence and investment in NetGeo," said Michael Yang, NetGeo's Co-Founder, President & CEO. "Since we opened our doors in February of 2000, NetGeo has gained much momentum - with a growing customer base including the $1.5 billion company Experian. NetGeo is already a leader in its industry. Now, with our next generation of business intelligence products in rapid development, we have the opportunity to expand into new high growth markets."

"We are confident in our decision to invest in NetGeo," said Younghoon David Kim, Chairman of the Daesung Group and new NetGeo Board Member. "We are excited about the company's future - they are developing a new breed of value-added technology for the ever-expanding Internet applications market."

"We strongly support NetGeo," said Marty Sukle, Manager of Alps Investment Research, LLC and a Board Member of NetGeo. "With the successful Silicon Valley veteran Michael Yang at the helm and a stellar management and engineering team behind him, we believe the company has tremendous potential for continued growth and long-term success."

About NetGeo™, Inc. ( www.netgeo.com )

NetGeo, Inc. is a leading provider of Internet business intelligence solutions. The company provides web businesses with a competitive advantage by enabling them to improve operational efficiencies and better serve their customers by delivering highly accurate, real-time information about who is accessing their web sites. With InfoScopeSM, NetGeo's flagship software product, companies can now more completely understand where their web visitors are coming from (country, state, city, zip code), where they work, and even how they connect to the Internet (Cable, DSL, modem, wireless, etc.). Based on Internet Protocol (IP) addresses, web user trend analysis, and other user behavioral data, valuable business information is delivered in real time without cookies or user input. As such, InfoScope enables the gathering of significant user intelligence with minimal user experience disruption and personal privacy intrusion.

Founded by Michael Yang, the former Co-founder, President and CEO of MySimon, NetGeo has a growing list of customers and partners in the U.S. and abroad including Experian, HNC Software, and Entriq. NetGeo is a privately held company funded by LG Venture Capital, Alps Investment Research, Daesung Corporation, and angel investors, including Michael Yang. The company can be reached at info@netgeo.com or at +01 (650) 318-8000.

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