ModusLink Corporation Acquires Full Ownership of Joint Venture in Japan

ModusLink Corporation, a subsidiary of CMGI, Inc. (NASDAQ: CMGI)
and leading provider of global supply chain management solutions,
today announced that it has acquired full ownership of its Japan-based
joint venture from Sasatoku Printing, which previously held a 60%
interest in the entity. ModusLink Japan has been operating as a joint
venture, with a full-service solution center in Kanagawa and a
regional headquarters in Tokyo, for more than 8 years. Terms of the
transaction were not disclosed.

This acquisition strengthens ModusLink's global presence, while
providing it with the ability to provide stronger, broader and more
robust solutions both within the Japanese market and to Japan-based
customers looking to strengthen their supply chain globally. Further,
an essential element of ModusLink's business strategy has been to
focus on key vertical markets, such as consumer electronics, storage
and communications, in each of which Japanese companies play a leading
role.

"Japan is an important market for ModusLink given that it is home
to many of the world's most significant technology companies," said
Joseph C. Lawler, Chairman, President and Chief Executive Officer of
CMGI, Inc. "This acquisition will provide ModusLink with the
operational control needed to effectively apply its best practices and
leverages its infrastructure to one of the most attractive markets for
supply chain services. It also demonstrates the Company's commitment
to growing its business and fully extending its services in Japan and
with Japan-based brands."

Eric Kaufman, formerly ModusLink's Vice President of Client
Solutions for the Americas region, has been appointed to the position
of President of ModusLink Japan. Kaufman has more than two decades of
experience working in the supply chain space.

"I am pleased to be a part of this important region within
ModusLink's global operations," said Mr. Kaufman. "I look forward to
the opportunity to apply my knowledge of ModusLink's broad solution
set and experience with our customers in all regions to grow our
business and help local companies effectively optimize their global
supply chains."

About ModusLink

ModusLink Corporation is a leading provider of global, end-to-end
supply chain management solutions. The company provides technology
clients in the software, computing, consumer electronics, storage and
communications markets with customized supply chain solutions that
improve time-to-market, productivity and customer satisfaction while
reducing risk and cost. ModusLink's services include consulting and
planning, sourcing and supply base management, manufacturing and
product configuration, fulfillment, logistics management, e-commerce
and the complete range of aftermarket services. With 36 facilities in
13 countries, ModusLink has the largest global footprint in its
industry. The company is headquartered in Waltham, Massachusetts and
is a subsidiary of CMGI, Inc. (Nasdaq: CMGI). For additional
information, see www.moduslink.com.

About CMGI

CMGI, Inc. (NASDAQ: CMGI), through its subsidiary ModusLink,
provides industry-leading global supply chain management services and
solutions that help businesses market, sell and distribute their
products around the world. In addition, CMGI's venture capital
business, @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 acquisition of the remainder of the joint venture and the
prospects for growth of ModusLink's business generally and ModusLink
Japan's business in particular. 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 solutions 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, including an expanded presence in Japan.
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 Annual Report on Form 10-K and 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.