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ClubCom Completes $9.5 Million Financing

PITTSBURGH (March 13, 2001) - ClubCom, Inc., one of the nation's leading providers of private television networks for place based communities including commercial health clubs, has announced the closing of a Series B financing round bringing its twelve month total funding to $9.5 million. The Series B investor group, led by Draper Triangle Ventures, includes Stonewood Capital Management and Residentie Investments BV, part of the Achmea Group of the Netherlands.

"Fortunately, we have been able to secure high quality investors during each of our financing rounds," states Thomas G. Lapcevic, the Chairman and CEO of ClubCom. "It's a true testament to our business model and the accomplishments of our team that we have been able to sustain significant valuations and attract leading investors in such a challenging capital market."

"ClubCom has a clear vision and has successfully executed the first stage of a very intelligent business plan," claims Michael Stubler, a partner at Draper Triangle. "The company is exceptionally well managed, disciplined and focused. ClubCom is quickly becoming a very significant media provider and is positioning the commercial health club
industry as a valuable media forum."

ClubCom's sudden impact in the United States has quickly created international appeal for its network offerings. The participation of Residentie Investments, one of the most respected venture capital funds in Europe, is expected to assist ClubCom in its international efforts. "The opportunities for ClubCom in Europe are significant. Our relationships should help the company capture certain international markets," indicates Gerben Huijs, an investment manager at Residentie.

About ClubCom: Headquartered in Pittsburgh, Pennsylvania, ClubCom operates some of the nation's largest private television networks with a specific emphasis on commercial health clubs. The company's networks include the Gold's Gym Broadcasting Network, PowerHouse TV, the LifeTime Fitness Network and a litany of health club networks throughout the country. ClubCom networks integrate proprietary technologies and award-winning productions with one of the world's largest music video entertainment libraries. Each individual health club is provided customized entertainment programming along with internal advertisements that drive the club's profit centers and generate advertising revenues.

"Once you've installed the ClubCom system, it's hard to imagine a health club without it," claims Kirk Galiani, CEO of Gold's Gym International. "It energizes the entire environment and creates a whole new member experience, all while driving profit centers and generating advertising revenues. It's no wonder that so many clubs are taking advantage of the incredible opportunities presented by ClubCom."

"The health club audience represents one of the largest and most qualified consumer audiences in the world," states David Egan, ClubCom's President and former President and CEO of Ketchum Advertising & Communications. "The audience is completely captivated by the entertainment broadcast throughout the club's ambient environment. The corresponding advertising opportunities are very significant."

About Draper Triangle Ventures: Draper Triangle Ventures is the Pittsburgh affiliate of Draper Fisher Jurvetson, a Silicon Valley venture capital group with over $2 billion in managed assets. Over the past several years Draper Fisher has taken 25 companies public. Draper Fisher has nine affiliate funds strategically located in major tech regions throughout the United States. Draper Triangle is a $53 million affiliate fund earmarked for technology and media investments.