All third quarter fiscal 2000 results of operations in the accompanying table have been retroactively adjusted to reflect the results of Adsmart Corporation and Flycast Communications Corporation in a manner similar to a pooling of interests.

Engage will conduct a conference call and simultaneous Web cast today at 5:00 p.m. EST to discuss the Q3 2001 results. The call can be accessed via the investor section of Engage's corporate Web site at www.engage.com.

About Engage®

Engage, Inc. (Nasdaq: ENGA - news) is a leading enterprise marketing software and interactive media company. A majority-owned operating company of CMGI, Inc., Engage enables companies to harness the power of interactive marketing to create more loyal customers, maximize revenue, and increase their brand's visibility and recognition. Based in Andover, Massachusetts, Engage has European headquarters in London and offices worldwide. For more information on Engage please call 877-U-ENGAGE or visit www.engage.com.

Engage is a registered trademark of Engage, Inc. All other products and services mentioned may be trademarks or service marks of their respective owners.

Engage Statement Under the Private Securities Litigation Reform Act

This press release includes forward-looking information. All statements other than statements of historical fact, including without limitation, statements regarding the effects of the Company's restructuring, the Company's expectation that its business will be fully impacted by its streamlining efforts in subsequent quarters, the Company's projected revenue, loss per share and gross margins for the fourth fiscal quarter of 2001, the Company's expectation of reaching cash-earnings break-even by the end of the first quarter of fiscal 2002 and the Company's belief that its cash position is sufficient to support its operations through its expected break-even date, are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties which could cause Engage's future results of operations to differ materially from those anticipated. These risks include our ability to reduce expenses and improve gross margins, growth in online advertising, our ability to increase sales of our software and media offerings, the impact of competition within our industry, our ability to enter into additional strategic relationships, and other risks detailed in Engage's 2000 Annual Report on Form 10-K and from time to time in Engage's other reports filed with the SEC. In addition, any forward-looking statements represent the Company's estimates only as of the day the report was filed with the SEC and should not be relied upon as representing the Company's estimates as of any subsequent date. While the Company may select to update forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, even if its estimates change.

                               Engage, Inc.
                        Consolidated Operating Results
                      (In thousands, except per share data)

                                     Three months ended
                             April 30,      Jan. 31,     April 30,
                                 2001          2001        2000 (a)
                                            (Unaudited)

Revenue.........             $ 25,395      $ 28,121      $ 58,682

Cost of revenue............... 17,612        23,515        45,221
Amortization of
 developed technology........   1,458         1,458             -
      Total cost of
       revenue................ 19,070        24,973        45,221

      Gross profit............  6,325         3,148        13,461

Operating expenses:
     In-process
      research and
      development............       -             -        29,300
     Research and
      development............   7,957        10,153         8,613
     Selling and
      marketing..............  15,615        26,302        32,837
     General and
      administrative.........   7,908        11,623        10,189
     Amortization and
      impairment of
      goodwill and
      other intangibles......  41,124       628,251        87,003
     Acquisition costs.......      -            -           4,951
     Restructuring costs.....   5,584        16,791            -
     Stock compensation......   5,103         5,718        36,948

      Total operating
       expenses..............  83,291       698,838       209,841

Loss from operations......... (76,966)     (695,690)     (196,380)

Other income (expense):
     Interest income.........     845         1,594         1,498
     Interest expense........    (249)         (278)       (1,235)
     Equity in loss of
      joint venture..........      -            -            (315)
     Minority interest
      in loss of subsidiary..     260           312             -
     Other expense...........    (527)       (1,501)          (73)

Net loss................... $ (76,637)   $ (695,563)   $ (196,505)

Basic and diluted
 net loss per share.........$   (0.39)   $    (3.53)

Weighted average
 number of basic
 and diluted
 shares outstanding........   196,943       196,774

Pro forma basic and
 diluted net loss per
 share (b)(c)..............                               $ (1.14)

Pro forma weighted
 average number of basic
 and diluted
 shares outstanding
 (b)(c).....................                              172,408



(a) All amounts for the quarter ended April 30, 2000, including the
    share and per share amounts, have been retroactively adjusted to
    reflect the financial results of Flycast from January 13, 2000 and
    of Adsmart for all periods presented in a manner similar to a
    pooling of interests.

(b) Historical basic and diluted net loss per share have not been
    presented for the three months ended April 30, 2000 because they
    are irrelevant due to the issuance of shares in the Flycast
    acquisition on January 13, 2000 and the impact of the conversion
    of debt to CMGI and preferred stock for Adsmart, after adjustment
    for the Engage exchange ratio, as of the date of the beginning of
    each period, or date of issuance, if later, using the if-converted
    method.

(c) The share and per share amounts herein have been adjusted to
    reflect the two-for-one stock split on April 3, 2000 to
    stockholders of record at the close of business on March 20, 2000.


                        Engage, Inc.
                 Consolidated Balance Sheets
                       (In thousands)

                                  April 30, 2001        July 31, 2000
                                -----------------     ----------------
                                   (Unaudited)
Assets
Current assets:
 Cash and cash equivalents          $ 54,900             $ 119,809
 Available-for-sale securities             -                16,147
 Accounts receivable, net             24,273                79,799
 Prepaid expenses and other
  current assets                       2,759                 2,570
                                -----------------     ----------------
     Total current assets             81,932               218,325
                                -----------------     ----------------

Property and equipment, net           20,495                31,334
Intangible assets, net               350,200               873,323
Other assets                           8,104                 9,915
                                -----------------     ----------------
     Total assets                  $ 460,731           $ 1,132,897
                                =================     ================

Liabilities and Stockholders' Equity
Current liabilities:
 Current portion of obligation
  under capital lease                $ 3,371               $ 4,650
 Current portion of long-term
  debt                                 1,544                 2,010
 Accounts payable                      9,285                33,365
 Due to CMGI and affiliates           37,575                27,287
 Accrued expenses                     38,496                24,599
 Deferred revenue                      7,872                 7,604
                                -----------------     ----------------
     Total current liabilities        98,143                99,515
                                -----------------     ----------------
Deferred revenue                         463                   651
Obligation under capital lease,
 less current portion                    886                 2,905
Long-term debt, less current
 portion                                 655                 1,843
Other long-term liabilities              408                   843
                                -----------------     ----------------
     Total liabilities               100,555               105,757
                                -----------------     ----------------
Minority interest                      7,002                 8,812

Stockholders' equity:
 Common stock                          1,964                 1,789
 Additional paid-in capital        3,798,066             3,650,059
 Deferred compensation                (8,885)               (1,234)
 Accumulated other
  comprehensive loss                    (281)                 (260)
 Accumulated deficit              (3,437,690)           (2,632,026)
                                -----------------     ----------------
     Total stockholders' equity      353,174             1,018,328
                                -----------------     ----------------
                                -----------------     ----------------
     Total liabilities and
      stockholders' equity         $ 460,731           $ 1,132,897
                                =================     ================