Chat With Vicente Fox, Presidential Candidate for theRepublic of Mexico; October 7 at 7PM EST,...

NEW YORK--(BUSINESS WIRE)--Oct. 7, 1999--

StarMedia (Nasdaq:STRM), (www.starmedia.com), the leading online community for Latin Americans and other Spanish- and Portuguese- speaking audiences worldwide, is hosting a live chat with one of Mexico's presidential candidates, Vicente Fox, from

The chat will take place on Thursday, October 7 at 7:00 p.m. at StarMedia Talk Planet (www.starmedia.com/talkplanet).

During this activity, StarMedia users will learn about this prestigious politician's views and agenda, which will be of crucial importance for Mexico's socioeconomic future on the twenty-first century.

To participate in this chat on-line, access StarMedia Talk Planet located at http://www.starmedia.com/talkplanet, where you will find the appropriate link and information on how to participate in this important exchange of ideas. -0-

Schedule

New York    7 p.m.
Colombia    6 p.m.
Argentina            8 p.m.
Chile                7 p.m.
Mexico      6 p.m.
Venezuela            7 p.m.

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About StarMedia

StarMedia (www.starmedia.com) is the leading online community for Latin America and other Spanish- and Portuguese-speaking audiences worldwide. StarMedia offers Latin Americans, U.S. Hispanics and Iberians a pan-regional community experience, combined with a broad array of Spanish and Portuguese content, tailored for regional dialects and local cultural norms. StarMedia consists of 20 interest-specific channels, extensive community features, sophisticated search capabilities and online shopping in Spanish and Portuguese. Our channels cover topics such as local and regional news, business and sports. We promote user affinity to the StarMedia community by providing in-language email, chat rooms, instant messaging and personal homepages.

About StarMedia Network

StarMedia Network is the leading Internet media company targeting Latin America and other Spanish- and Portuguese-speaking markets worldwide. The company is committed to providing Spanish and Portuguese speakers with a complete selection of services and products that take full advantage of Internet technologies. StarMedia Network operates StarMedia (www.starmedia.com), the leading global online community for Latin America and Spanish and Portuguese speakers; Periscopio (www.periscopio.com), a new, powerful information portal for Spanish speakers worldwide; StarMedia Acesso/Acceso, a premium Internet access service in Latin America; LatinRed (www.latinred.com), one of the largest Spanish language online communities; OpenChile (www.openchile.cl), a local Chilean portal; Zeek! (www.zeek.com.br) and Cade? (www.cade.com.br), two leading online directories in Brazil. StarMedia Network provides advertisers and merchants targeted access to Spanish- and Portuguese-speaking Internet users. Some of StarMedia Network's strategic relationships include Netscape Communications, Real Networks, CDNOW, Reuters, eBay, National Broadcasting Company, Hearst Communications, and Fininvest. Founded in 1996, the company employs over 450 people with operations in Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico, Spain, Uruguay, Venezuela, and major U.S. cities.

StarMedia, StarMedia Network and StarMedia's logos, product and service names are registered trademarks of StarMedia Network, Inc.

This press release contains statements of a forward-looking nature relating to future events or future financial results of StarMedia Network. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In calculating such statements, investors should specifically consider various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in StarMedia Network's reports and documents filed from time to time with the Securities and Exchange Commission.