Lycos Auctions Puts Luxury Sportswear On the Block;Sale to Liquidate Atlantic Rancher...

WALTHAM, Mass.--(BUSINESS WIRE)--Aug. 25, 1999--

Lycos, Inc. (NASDAQ:LCOS), the fastest growing Internet portal and the world's largest online community, today announced an online auction to liquidate the $3-million inventory of Atlantic Rancher, a luxury clothing merchant that is currently

in bankruptcy. The top quality goods, including leather coats, wool sweaters, items made from its patented DryHandle waterproof fabric and hundreds of other items of outerwear and casual wear will be auctioned in a first-of-its kind online auction at www.lycos.auctions.com, starting today. Auctions will be quick, and opening bids for individual items will be as low as one dollar.

"Conducting a bankruptcy liquidation sale in an online auction format is clearly history in the making," said Leslie Anne Hawes, of Stroock&Stroock&Lavan, attorney for John J. Aquino, the appointed bankruptcy trustee. "This venue allows us to disperse of goods quickly with a significantly more expansive buying audience. With large volumes of extremely high quality merchandise available at well below fair market prices, we look forward to an exciting trading place."

About Lycos

Founded in 1995, Lycos, Inc. is a leading Web media company and owner of the Lycos Network, one of the most visited hubs on the Internet reaching one out of every two Web users. The Lycos Network is a unified set of Web sites that attracts a diverse audience by offering a variety of services, including leading Web navigation resources, homepage building and other Web community services and a comprehensive shopping center. The Lycos Network is composed of premium sites: Lycos.com, Tripod, WhoWhere, Angelfire, MailCity, HotBot, HotWired, Wired News, Webmonkey, Suck.com, MyTime and Sonique.com. Lycos.com (http://www.lycos.com), "Your Personal Internet Guide," is dedicated to helping each individual user locate, retrieve and manage information tailored to his or her personal interests. Headquartered near Boston in Waltham, Mass., Lycos, Inc. is a global Internet leader with a major presence throughout the U.S., Europe and Asia.

(c)1999 Lycos, Inc. - Lycos(R) is a registered trademark of Carnegie Mellon University. All other product or service marks mentioned herein are those of Lycos or their respective owners. All rights reserved.