Thursday January 11, 8:31 am Eastern Time

Press Release

iClips Announces Alliance With NBCi to Deliver Free Streaming Video Services to NBCi Members

NBCi Members Can Create and Post Personalized Videos to Their Own NBCi Classifieds and Personal Web Sites

NEW YORK--(BUSINES WIRE)--Jan. 11, 2001-- iClips, Inc. (www.iClips.com) a leading provider of free Internet-based streaming video services, announced an alliance with NBC Internet, Inc. (Nasdaq: NBCI - news), a leading Internet portal company that brokers information, commercial and entertainment transactions to deliver personalized streaming video services to NBCi members.

iClips has developed NBCi's ``My Video Center'', an area on the NBCi Web site that will give all NBCi members free access to the tools necessary to create, send, store, and share their own streaming video messages throughout NBCi, including NBCi's Personal Homepages, Classifieds and Clubs. Using a Webcam or camcorder and iClips proprietary tools, NBCi members can create their own streaming video messages and share them via email or on the Web. Streaming video allows members to enhance their online communication in a number of ways by incorporating their own video into classified advertisements, personal home pages, email messages, greeting cards and more.

NBCi members will have access to iClips' full suite of video messaging tools including iClips Producer, the easiest way to capture, encode and share streaming video files. In addition, those who sign up for ``My Video'' will receive 20 MB of free storage space for their streaming videos and have access to a full account management system to administer their streaming video files from their NBCi account. These services will provide more than an hour of video storage and unlimited bandwidth for sharing streaming video messages. In addition, NBCi members with high-speed service can use select features of iClips Pro(TM), the premium service, for free.

``NBCi is committed to delivering broadband solutions to our members to enhance their online experiences and our alliance with iClips reinforces our commitment to offer leading innovative technologies to our members,'' said Josh Mailman, VP, Product of NBCi. ``We look forward to working with iClips to provide our members with the most dynamic communication tools available online.''

``Our strategic alliance with NBCi is a significant step on our path to bring the most effective communications tools to the broadest possible audience and furthers our mission to bring streaming video, the most effective way to communicate online, to our roster of industry-leading partner sites,'' said Michael Diamant, CEO of iClips. ``Through our relationship with NBCi, iClips services are now available to millions of people and that makes us the leading streaming video messaging platforms on the Internet.''

About iClips

iClips is a leading streaming video messaging company offering Web users the ability to replace text with video anywhere on the Web. iClips provides Web users with the tools and technologies to create and publish streaming video that can be added to any Web site or sent in email, all at no charge. The Company powers affiliated Web sites with free proprietary capture, encoding, storage and account management tools, as well as a complete streaming video infrastructure; allowing their end users to communicate with streaming video. Some of the company's distribution partners include theglobe.com, Homestead and NBCi. Headquartered in New York, the company was founded in October 1999 and is privately held. iClips was selected by Silicon Alley Reporter as One of 12 Companies to Watch in 2000. For more information, visit www.iClips.com.

About NBCInternet, Inc. (NBCi)

NBCi is a leading Internet company that helps consumers access Internet resources, leveraging user data to broker information, commercial, and entertainment transactions between consumers and marketing partners. NBCi's flagship consumer Internet portal, NBCi.com, provides Internet search and directory, information, community, personal file storage, e-commerce, and entertainment services for both narrowband and broadband users.

NBCi was launched in November 1999 through the combination of NBC and CNET's Snap.com, Xoom.com, NBC.com, NBC Interactive Neighborhood, VideoSeeker, and a 10 percent equity stake in CNBC.com. NBC Internet publicly trades under the ticker NBCI on The Nasdaq Stock Market®. NBC, a subsidiary of General Electric Company (NYSE: GE - news), holds a 39 percent ownership stake in NBCi.

NBCi is headquartered in San Francisco and has offices in New York City, Los Angeles, and Chicago.


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