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COMMUNITY CONNECT INC. RAISES $15 MILLION IN THIRD-ROUND FINANCING
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April 12, 2000

Key Investors Include Sandler Capital Management, Comcast Interactive Capital, JUMP Investors, and ConnectCapital

New York, NY -- Community Connect Inc., publisher of ethnic online communities AsianAvenue.com and BlackPlanet.com, today announced it has raised $15 million in third-round financing from major venture capital and strategic media companies.

Sandler Capital Management, a communications-focused investment management firm specializing in telecommunications, Internet, media, and entertainment, led the round. Other key investors include Comcast Interactive Capital, JUMP Investors, and ConnectCapital. Comcast Interactive Capital is a venture capital fund affiliated with Comcast Corp., the third largest cable services provider in the U.S., JUMP Investors, led by Randall Kaplan, co-founder of Akamai Technologies, is an active investor network of Internet entrepreneurs and business executives, and ConnectCapital is the Asian investment vehicle for Insight Capital Partners.

"This round of financing from leading venture capital and media companies is a testimony of Community Connect Inc.'s position as the leading new media company targeting U.S. ethnic affinity groups," said Ben Sun, CEO.

The proceeds of this round will be used to continue the extraordinary growth of Community Connect Inc.'s sites AsianAvenue.com and BlackPlanet.com, which are the highest-trafficked sites targeting Asian Americans and African Americans respectively. In addition, the funds will be used to launch a site targeting U.S. Hispanics and develop its services and e-commerce revenue channels.

"There is increasing validation of the U.S. ethnic marketplace. Targeting Asian Americans, African Americans and Hispanics represents an incredible growth opportunity and the Internet will be the preferred media channel," said Sun.

About Community Connect, Inc.
Community Connect Inc. creates and builds interactive online communities targeted towards ethnic affinity groups. Community Connect Inc.'s first site, AsianAvenue.com, is the largest media outlet for Asian Americans with over 940,000 registered members. BlackPlanet.com, the company's second site is also a leader in its space with over 850,000 registered members. Both sites offer free personal pages, email, chat, news, and content relevant to their targeted communities. User-to-user interaction is facilitated through forums, polls, and Internet telephony. Community Connect Inc., was listed as the largest minority network by Media Metrix, February 2000.