ModusLink's Global Growth Continues with Expansion of Asian Footprint; New Solution Centers Help Clients Leverage Low-Cost Chinese Markets for Strategic Global Production

WALTHAM, Mass.--Feb. 2, 20061, 2006--ModusLink Corporation, a subsidiary of CMGI, Inc. , today announced that it is expanding its Asian footprint to accommodate continued global growth and increased client interest in leveraging emerging Chinese markets as part of their global supply chain strategies. To meet client requirements for low-cost production, increased efficiency, and close to customer fulfillment, ModusLink is adding a sixth solution center in Shanghai, China and is relocating and expanding its Futian facility to accommodate growing client demand in the area. Both solution centers will offer full service, end-to-end capabilities and will begin production in March 2006.

"ModusLink's expansion strategy is driven by the needs of our clients and reflected in our commitment to delivering the highly-integrated, global services they require to be more profitable, competitive and efficient," said Joseph C. Lawler, President and Chief Executive Officer of CMGI. "ModusLink takes a very strategic approach to deciding when and where expansion will take place, as evidenced by our deployment in advantageous, high-value areas such as the Caohejing Export Processing Zone (EPZ) where our clients can maximize the potential of China's trade policies and infrastructure. With one of the supply chain industry's largest global footprints, ModusLink's extensive global, regional and local operating knowledge continues to set us apart from our competitors and enables us to offer our clients low-risk, high-return solutions that maximize the advantages of emerging markets."

In a recent survey, PricewaterhouseCoopers' found that 42 percent of respondents either have or plan to initiate manufacturing operations in China, and of those respondents 85 percent say that manufacturing in China will be important to the profitable growth of their company over the next three to five years. With the growing popularity of China as a preferred outsourcing destination, ModusLink is committed to providing its clients with the resources and flexible services needed to realize the maximum potential of production in this emerging marketplace.

The new facility in Shanghai adds more than 54,000 sq. ft. of operating space and is strategically located within the Caohejing (EPZ), facilitating faster exportation to companies and supply partners "in zone" and across the globe. Additionally, operating in this specially designated manufacturing area provides companies in the software, hardware, consumer electronics, communications and storage devices markets with additional production benefits, including lower transportation costs, relaxed customs restrictions and clearance, significant tax and duty incentives, improved security, and faster time to market. By making its world-class, end-to-end supply chain solutions available from this high-value location, ModusLink provides the marketplace with exceptional operating efficiency and cost-effectiveness for a true competitive advantage.

In addition, ModusLink is moving and expanding its Futian solution center to accommodate continuing growth and interest in the popular South China, ShenZhen region. The new facility has a total floor area of 140,000 sq. ft., with allocation for an additional 100,000 sq. ft. of operating space for future expansion, and provides improvements in production efficiency, scalability for ModusLink's clients, security (including TAPA re-certification), contingency planning and cost containment.

Both facilities will deliver a broad range of forward supply chain services, including design and consulting, demand and materials planning, sourcing and procurement, inventory management, assembly and packaging, and fulfillment to clients; additionally, Futian offers reverse supply chain services, including returns management, product repair, asset management and disposition, and spares and parts management and fulfillment. The new Shanghai facility is located at Building 7, No. 789 Pu Xing Road, Shanghai, PRC 201114. The Futian facility is now located at Block A, F6, Bioengineering Building, No.1001, ShiHua Road, Futian FTZ, Shenzhen, P.R. China 518038.

About ModusLink

ModusLink Corporation is a leading provider of global supply chain management solutions. The company provides global technology clients in the software, hardware, consumer electronics, telecommunications and wireless markets with customized supply chain solutions that reduce risk and time to market and improve efficiency and productivity. ModusLink's services include demand planning, sourcing and procurement, manufacturing support, kitting and assembly, fulfillment, full-cycle logistics, systems integration and development, customer support and optimization consulting. Headquartered in Waltham, Massachusetts, ModusLink maintains 42 facilities in 13 countries. The company is a subsidiary of CMGI, Inc. . For additional information, see www.moduslink.com.

About CMGI

CMGI, Inc. , through its subsidiary ModusLink, provides technology and product solutions that help businesses market, sell and distribute their products and services. In addition, CMGI's venture capital affiliate, @Ventures, invests in a variety of technology ventures. For additional information, see www.cmgi.com.

This release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of the new facilities and the expected impact of continued global growth and increased client interest in leveraging emerging Chinese markets as part of their global supply chain strategies. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: ModusLink's success depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of its products and services; ModusLink may not be able to expand its operations in accordance with its business strategy; ModusLink may experience difficulties integrating technologies, operations and personnel in accordance with its business strategy; ModusLink derives a significant portion of its revenue from a small number of customers and the loss of any of those customers would significantly damage its financial condition and results of operations; increased competition and technological changes in the markets in which ModusLink competes; and risks associated with international operations. ModusLink represents a significant percentage of CMGI's operations and the occurrence of any of the foregoing factors may have an adverse effect on CMGI's results of operations and financial results. For a detailed discussion of cautionary statements that may affect CMGI's future results of operations and financial results, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's most recent Quarterly Report on Form 10-Q. Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us.