Peter Derow Joins GlobalSpec.com Board

Former Newsweek and CBS Executive to Bring Media Leadership to Board

TROY, NY - Jan. 31, 2000 - GlobalSpec.com, the Internet's leading resource for engineers and other technical buyers, today announced the appointment of Peter A. Derow, nationally known media industry leader, to the company's board of directors. Derow, who served as chairman and president of Newsweek, director of The Washington Post Company, president of CBS Publishing Group, and senior vice president and director of CBS, Inc., most recently was president and chief executive officer of Institutional Investor, Inc. Derow currently serves as a director of EarthWeb, Global Decisions Group, LLC. (not associated with GlobalSpec.com) and 101 Communications, LLC.

"Throughout his career Peter Derow has shown the leadership and media understanding needed to assist a company like GlobalSpec.com during a period of explosive growth," said John Schneiter, president of GlobalSpec.com. "We're excited to have someone of Peter's caliber join us as we build GlobalSpec.com into the premier engineering resource of its kind on the Web."

"I am delighted to have the opportunity to continue to work with the GlobalSpec.com team to create what we all believe will be the leading source of information and commerce for design engineers," said Derow.

In November of 1999, GlobalSpec.com announced a $20 million financing plan with Warburg, Pincus Equity Partners, LP, an investment fund managed by E.M. Warburg, Pincus & Co., LLC of New York, N.Y. The investment, implemented in stages, finances GlobalSpec.com's ongoing expansion of product offerings, advances its customer acquisition program and expedites its recruitment schedule.

GlobalSpec.com is a business-to-business, web-based resource that connects engineers and other technical buyers with the products and manufacturers they need based on engineering specifications. Users of GlobalSpec.com have access to bias-free information from 3.7 million product specifications in over 130 product areas from the world's leading suppliers.

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Contact:
GlobalSpec Marketing
E-mail: marketing@globalspec.com

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