Press Release

New York - October 20, 2003: Undertone Networks, a leading provider of online advertising services, announced today that it surpassed the 10 million mark for daily unique user impressions.

"We are very pleased that we have achieved this accomplishment in such a short timeframe," said Eric Franchi, Undertone's Vice President of Sales. "In less than a year, we have doubled our unique user impressions. Our dramatic growth can be attributed to our commitment to expanding our network and growing our advertiser base."

"This achievement indicates that publishers are receptive to our business model," said Franchi. "We continue to add more and more premium publishers to our network, thus enhancing the advertising opportunity for our clients."

About Undertone Networks

Headquartered in New York, Undertone Networks is a premier online advertising network comprised of today's top media properties. Founded in 2001, Undertone provides online solutions that help advertisers achieve their brand and performance-based initiatives via a comprehensive selection of ad formats, rich media and targeting capabilities. For more information, please visit www.undertonenetworks.com.

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