PLAXO LAUNCHES; MAKES IT EASY TO KEEP CONTACT INFORMATION UP-TO-DATE

Napster co-founder leads Sequoia Capital-backed company

November 12, 2002 (MOUNTAIN VIEW, Calif.) - If Elvis Presley were alive today, he might sing, "Return to sender, no more. Address known. There's such number. Plaxo is home."

But since Elvis has left the building, he will never discover that starting today, there is a new, simple, secure and reliable way to get all your contact information up-to-date and complete. The Sequoia Capital-funded Plaxo Inc. has launched and made its Plaxo Contacts beta version available and free to all (www.plaxo.com).

"Plaxo Contacts was born out of my own frustration of out-of-date and incomplete contact information and the fact that nearly everyone suffers from this frustration," said Plaxo co-founder and president Sean Parker. "An incomplete or out-of-date address book means lost productivity, lost business opportunities and lost friends. Plaxo makes it fast and easy to update your contacts." Parker was a co-founder of Napster before Plaxo.

After a quick download, Plaxo Contacts seamlessly integrates with Microsoft Outlook and lets people send a personalized email to friends, family and colleagues asking them to correct and update their contact information. People can make updates by simply replying to the email message and correcting the contact information in the body of the message. Once the email is returned, the contact information is automatically updated within the original sender's address book.

Those who use Plaxo Contacts can choose which aspects of their own contact information will be automatically updated to their friends and colleagues who also use Plaxo. They can also sync the contacts on their computer at home with their computer at work. If desired, address book content and most Plaxo tools are also made securely available on the Web so they can be accessed anywhere.

"Sequoia invested in Plaxo, because, like Google or PayPal, the product helps solve a real problem for many people in a simple, elegant way," said Michael Moritz, a Sequoia Capital partner. Moritz is a member of Plaxo's board along with Tim Koogle, former CEO and president of Yahoo!.

It's estimated that half of the contact information in people's address books are outdated or incomplete. Why? For starters, the U.S. Postal Service says that 37 million families and individuals and 2.4 million businesses in the United States move every year. And, according to research firm NFO WorldGroup, a third of all email addresses change annually.

Plaxo Contacts works with PDAs and other devices that synchronize with Microsoft Outlook. It has plans to be compatible with other PIM software in the near future.

In addition to Sean Parker, the Mountain View company's other two founders are Stanford engineers Todd Masonis and Cameron Ring.

About Plaxo

Plaxo is a company that eliminates the frustration, wasted time and lost opportunities caused by missing or inaccurate contact information for friends, family and colleagues. Plaxo Contacts, the company's flagship product, is the easiest and most effective way for individuals to securely update, maintain and access their contact lists. Plaxo Contacts is accessible anytime via the Web and works closely with Microsoft Outlook.

The company was founded by Sean Parker, also co-founder of Napster, and two Stanford engineers Todd Masonis and Cameron Ring. Based in Mountain View, Calif., Plaxo is privately held and backed by Sequoia Capital.

For more information about Plaxo, visit the company's web site at www.plaxo.com.

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