Toshiba Chooses ModusLink as Its Partner for European Retail Product Fulfillment

ModusLink(R) Corporation, a subsidiary of CMGI(R), Inc. (NASDAQ:
CMGI) and leading provider of global supply chain management
solutions, today announced it has signed a multi-year contract with
Toshiba Electronics Europe (Toshiba) to manage the company´s European
supply chain for a variety of its storage products. As part of the
contract, ModusLink will deliver a wide range of supply chain
solutions, including its popular Optimized Configuration Solution, in
this case leveraging its Brno Solution Center in the Czech Republic to
efficiently and cost effectively finalize configuration of five
different base components into hundreds of different finished goods to
meet specific customer demand with less inventory cost and risk.
Toshiba also has tapped ModusLink´s retail fulfillment expertise to
reduce the cost, complexity and lead time of direct shipment to
distributors throughout Europe.

"We chose to partner with ModusLink given its expertise and
ability to deliver proven results in managing the supply chain for
storage and consumer electronics products from some of the world´s
biggest brands," said Ryoichi Shikama, president of Toshiba
Electronics Europe. "It is a defining time for Toshiba as we continue
to make strides and build market share for our leading products. As
customer demand grows, it is essential that we drive the highest
levels of efficiency in our supply chain to ensure the satisfaction of
our customers and we feel confident that ModusLink is the right
partner to help us achieve our goals, while keeping costs down."

The full scope of services to be rendered include sourcing and
supply base management, optimized configuration, packaging design and
light manufacturing, with services delivered in a phased approach.

"We are thrilled that Toshiba has chosen ModusLink as its supply
chain partner in Europe," said Joseph C. Lawler, chairman, president
and chief executive officer of CMGI. "In today´s competitive,
high-tech market, supply chain flexibility and cost effectiveness are
critical for ensuring customer retention and driving profitability. We
are committed to our role in helping Toshiba drive increased
productivity throughout its supply chain."

About Toshiba Electronics Europe

Toshiba Electronics Europe (TEE) is the European Headquarters for
the electronic components business of Toshiba Corporation, which is
the world´s fourth largest semiconductor vendor according to estimates
by Dataquest.

Providing design, manufacturing, marketing and sales, TEE was
formed in 1973 in Neuss, Germany. The company now has headquarters in
Dusseldorf, Germany and subsidiaries in France, Italy, Spain, Sweden
and the United Kingdom. Company president is Mr. Shikama and the total
number of personnel in Europe is around 400.

Toshiba Electronics Europe offers one of the industry´s broadest
IC and discrete product lines including high-end memory,
microcontrollers, ASICs, ASSPs and display products for automotive,
multimedia, consumer, telecoms and networking applications. The
company also has a wide range of power semiconductor solutions.

For more company information visit Toshiba´s web site at
www.toshiba-components.com.

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. ModusLink has 34
facilities in 13 countries, creating the largest global footprint in
the industry. With headquarters in Waltham, Massachusetts, the company
is a subsidiary of CMGI, Inc. (NASDAQ: CMGI). For additional
information, visit 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, visit www.cmgi.com.

This release contains forward-looking statements, which address a
variety of subjects including, for example, the expected benefits of
the business relationship between ModusLink and Toshiba. The following
important factors and uncertainties, among others, could cause actual
results to differ materially from those described in these
forward-looking statements: ModusLink is not designated as this
client´s sole supplier of the services referenced in this press
release; ModusLink frequently sells to its supply chain management
clients, including the client referenced in this press release, on a
purchase order basis and therefore its sales are subject to demand
variability; 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. 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.

ModusLink is a registered trademark of ModusLink Corp. and CMGI is
a registered trademark of CMGI, Inc. All other company names and
products are trademarks or registered trademarks of their respective
companies.